People looking at a driverless rental car by Pand Auto, during the Smart China Expo at Chongqing International Expo Center in southwest China's Chongqing this week (AFP)

A  Sri  Lankan man carries clothes racks for sale in Colombo. Sri Lanka’s countrywide consumer prices in July rose to 3.4 percent on year-on-year basis from 2.5 percent in June.  The increase was driven by low base in the previou

The failure to adopt a resolution to take AIA Insurance Lanka PLC (AIA Sri Lanka) private at an Extraordinary General Meeting (EGM) this week will neither affect the insurer’s business in Sri Lanka nor its parent company’s commitment towa

The first cut of the master plan drafted by the British consulting firm Atkins on Hambantota port is likely to be received by November this year, a top official of the Hambantota International Port Group (HIPG) said.

In what could be only termed as a ‘desperate’ move, the government is said to have enquired from the country’s banking sector of the possibility of increasing the pawning loans by at least half a trillion rupees, Mirror Business rel

Significantly tighter external borrowing conditions are likely to further squeeze Sri Lanka’s debt affordability as the country grapples to rollover its mammoth US $ 17 billion foreign currency debt in the next five years amid tightening intern

Having successfully wrapped a three decades’ run, Sri Lanka’s foremost apparel training body is to expand to the South Asian region next.  Meanwhile, for Sri Lanka to sustain its apparel advantage over the longer term, it needs to th

The Sri Lanka Tourism Development Authority (SLTDA) this week partnered with the Urban Development Authority (UDA) to expedite the investment approval process by streaming it to cut down the project approval time period by half and reduce costs. 

Sri Lanka’s largest aluminium extrusion manufacturer, Alumex PLC, a subsidiary of the Hayleys group, on Tuesday announced aggressive plans to sharply increase its aluminium extrusion exports to 10 percent from the current 2 percent and to tap i

The poor coordination of agricultural policies among government agencies, disharmony between agricultural and trade policies and the lack of congruence between agricultural and other national policies and goals, have become major roadblocks to uplift

The Sri Lanka Tourism Development Authority yesterday announced the relaunch of the annual Sri Lanka Tourism Awards, which is scheduled to be held on December 6, following a six-year hiatus.

Sri Lankan multinational Hayleys PLC, which accounts for 3.3 percent of the country’s export earnings and has business interests spanning over 16 sectors, says it is “not worried” about the debt pile it

Marching ahead with plans to industrialise the Northern Province, Industry and Commerce Minister Rishad Bathiudeen said the next phase of the development of Achchuveli Industrial Zone is plan

KMPG Sri Lanka remains bullish on Sri Lanka’s luxury real estate market as population growth, fast urbanisation, increasing housing requirement, surge in tourism and growth in household and per 

Two tourists enjoying the scenic beauty from the top of the famous Sigiriya rock fort,

AFP: US President Donald Trump warned countries against doing business with Iran yesterday as he hailed the ‘most biting sanctions ever imposed’, triggering a mix of anger, fear and defiance in Tehran.

Sri Lanka’s merchandise exports grew moderately in the first half of the year, at 5.3 percent year-on-year (YoY) to reach US $ 5.63 billion, compared to US $ 5.34 billion recorded for the same period, last year, the provisional data from the Ex

The Central Bank has revised down the economic growth forecast for this year to 4 percent from the initial growth forecast of 5 - 5.5 percent at the beginning of the year, as the economic 

The Monetary Board of the Central Bank of Sri Lanka yesterday decided to maintain policy interest rates at their current levels amidst monetary policy tightening in the United States and othe

Finance and Mass Media Minister Mangala Samaraweera yesterday vowed to bring in new amendments to the Microfinance Act of 2016 before the next budget, to resolve the rural indebtedness, which has become “a national tragedy”, caused by cer

Sri Lanka Insurance Corporation (SLIC) launches a fresh attempt to regain the market leadership in Sri Lanka’s insurance industry by implementing a three-year strategic plan partnering with a consultancy firm, aligned with fast-tracked branch e

SriLankan Airlines yesterday welcomed its newest and final addition to the Airbus A321 Neo fleet. The aircraft arrived from Hamburg via Abu Dhabi on July 29, 2018.

John Keells Holdings PLC (JKH), Sri Lanka’s highest valued business conglomerate, could not escape from the dampened economic activities in the country, as the group performance was hampered by its key consumer business segments.

Sri Lanka’s Tourism and Christian Religious Affairs Minister John Amaratunga this week called the “grumbling Colombo hoteliers” to re-commence night club operations to retain more tourists in Colombo.

The Sri Lankan banks may still be far from a full-blown non-performing loan (NPL) crisis. But cracks are appearing in the asset quality with the rise in sour loans, hindering the banking sector’s future growth prospects.  

Sri Lanka’s maritime sector master plan, developed by Maritime and Transport Business Solutions (MTBS), a consultancy firm from the Netherlands, and funded by the Asian Development Bank (ADB) is nearing completion, according to Ports and Shippi

Chinese President Xi Jinping has offered Sri Lanka a fresh grant of two billion yuan (US $ 295 million), as Beijing looks to expand its influence in the tiny island country off India’s southern tip.

Sri Lanka’s deficit in the trade account has been on a continuous expansion, but the pace at which it grew during the month of May decelerated after many months, as the country’s goods exports grew faster than its imports bill. 

The 20th edition of the Hotel Show Colombo 2018 – organized by the Ceylon Hotel School Graduates Association (CHSGA) together with event partner CDC Events, was opened by Prime Minister Ranil Wickremesinghe at the BMICH yesterday. Picture shows

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.