Sri Lanka yesterday unveiled the five-year National Export Strategy (NES), a blueprint for achieving US $28 billion in exports by 2022, aiming to facilitate a sustainable transition to a higher middle-income country. 

The deteriorating asset quality appears to be a common phenomenon with Sri Lanka’s banks and non-banks but the intensity of the problem of the latter suggests that the ailment runs deep. 

Diversified conglomerate Hayleys PLC will raise Rs.4 billion via debentures.

(Johannesburg) REUTERS: China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said  this week.

The presiding type is all set to enact the death penalty to ensure the drug lords of paradise are sent to their final resting place to save our society. We hear the green leader type is not for it, given the impact the decision would have on trade in

Lanka Sathosa will return to profits this year amid the cost-cutting initiatives and focus on high-yielding grocery sales, according to the head of Sri Lanka’s state-run supermarket chain.

The finance ministering type annually comes up with something controversial that rocks the establishment.

A powerful JO type has got a divine message saying he will be the next head of state of the sunny paradise. So, we hear the man is now publicly saying that he is the most senior blue type and that he should be given the nomination, if the former stro

Oil palm is being played out as a big issue on the sustainability agenda in our country now. Despite repeated best efforts by responsible stakeholders including growers, agri experts, academia etc, in refuting irrelevant allegations, the topic keep

A chairman type of a listed entity had been told by the major shareholder to retire to bring in a new chairman type. The man had said he would leave at the annual meeting. We hear a few months have now gone and the man has happily forgotten his promi

We hear the new boss at the stock market regulator type is getting the official types to work extra time to get things moving. They say, although the man is a typical case of ‘I, me and myself’, something productive seems to be happening.

Sri Lanka has won its first ever court case against countervailing duties,  as a US court ruled that the 0.95 percent countervailing duty attributed to the guaranteed price scheme on import of off-the-road (OTR) tyres 

Diversified conglomerate Hayleys PLC will raise Rs.4 billion via debentures. The company received preliminar

The quality of the assets of Sri Lankan banks is continuing to deteriorate and the banking sector regulator, the Central Bank, feels the worst is yet to come. According to the latest banking industry data seen 

Sri Lanka’s healthcare system needs private sector investment in the medium term, as the public sector would struggle to address challenges stemming from the country’s fast growing ageing population.

Eco Spindles, a wholly owned subsidiary of BPPL Holdings Ltd (BPPL) yesterday inaugurated Sri Lanka’s first ever polyester yarn plant at Horana Export Processing Zone with a Rs.800 million investment.

Plantation Industries Minister Navin Dissanayake is currently in Japan to find solutions to the problems faced in exporting Sri Lankan tea to Japan due to its residue levels. Japan has introduced a set of revise

Sri Lanka plans to bring several amendments to the new Inland Revenue Act (IRA) within next six weeks, following the emergence of several discrepancies during the implementation of the act, Finance and Mass Media Minister Mangala Samaraweera said.

Top professional Dinesh Weerakkody has resigned from the director board of Ceylon Tobacco Company PLC (CTC), with effect from July 15, 2018.

China says Sri Lanka has the potential to become the centre of the 21st century Maritime Silk Road while driving the trade and economic co-operation between China and Sri Lanka to a new level. 

Japanese Sri Lanka Friendship (JSF) Corporation, a Board of Investment (BOI) company, will commence operations at its production facility in Katunayake next week, becoming Sri Lanka’s sole manufacturer of solar panels. 

Business tycoon Harry Jayawardena-controlled Melstacorp PLC could soon start targeting companies for acquisitions as the diversified conglomerate appears to be currently in its best form after the successful completion of its restructuring. 

Sri Lanka has outperformed in the latest Hinrich Foundation Sustainable Trade Index, ranking seventh overall, emerging as the highest-placed of the middle-income and emerging markets, above richer countries such as China (8th), Malaysia (12th), Thail

“If eagles and grey hornbills are flying above their normal height in the sky, it signals that rain is expected soon; if seagulls are flying close to the ground, it suggests that there will be heavy rainfall. However, these patterns have now ch

The new economy has greatly changed our economic environment in relation to how the government and businesses operate and provide goods and services. 

The domestic cable manufacturing industry appears to be disturbed by the present government’s penchant for liberalisation, displayed through recent attempts towards liberalising the country’s shipping and lubricant sectors.

The National Development Bank PLC (NDB) has successfully negotiated a loan up to US $ 75 million, from Commerzbank Aktiengsellschaft, Germany recently.  Dubai-based Alpen Capital Limited was the lead arranger to this loan facility. 

Sri Lanka’s Board of Investment (BOI) yesterday said it is discussing  four projects worth over US $ 16 billion with Singapore, as the country gears up to reap benefits of the recent Free Trade Agreement with the city state.

Exporters blamed the absence of a “strong and positive political will and vision,” as the reason behind Sri Lanka’s failure to achieve full export potential, and urged the government to focus on providing gre

State banks should change its stance specially when it comes to lending, and thereby should stop focusing on the assets which an entrepreneur possesses but instead should look at the viability of the project presented by him/her,” Prime Ministe