The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) plans to introduce number portability for mobile and fixed lines, enabling consumers to change service providers while retaining their numbers from October this year.

FitsAir, formerly known as ExpoAir, this week welcomed its first Airbus A320-232, which will be inducted to its fleet as a freighter, to support the local exporters and government’s vision to make Sri Lanka an exporting powerhouse.

Various fees and commissions levied by banks on customers are currently under review by the Central Bank, as complaints by customers on such continue to mount, Mirror Business learns.

Russian billionaire Andrey Melnichenko, who is in town, as exclusively reported by Mirror Business, visited Colombo Port City yesterday.

The Board of Investment (BOI) of Sri Lanka will facilitate the potential investors, who wish to visit the country through the bio security bubble option.

Following the Philippines’ recent success in entering into a historic labour accord with the United Arab Emirates (UAE), Sri Lanka’s Labour Ministry seeks a similar labour accord with the UAE to protect the labour rights of Sri Lankan migrant wor

Credit rating agency ICRA Lanka yesterday hints at the possibility of another policy rate cut, should private credit remained weak in the first quarter, as the Central Bank appears impatient to see its actions turning into faster credit flows to the

Russian billionaire Andrey Melnichenko is currently in Colombo and is expected to hold talks with the top level of the Sri Lankan government, including Prime Minister Mahinda Rajapaksa, Mirror Business learns.

The Cabinet of Ministers has approved a draft bill to amend the Inland Revenue Act No. 24 of 2017 and the Value Added Tax (VAT) Act No. 14 of 2002 and to table it in Parliament after publishing in the government gazette in order to implement the tax

R I L Property PLC said the director board of its wholly owned subsidiary FoodBuzz (Pvt) Ltd. has decided to close all BreadTalk outlets from March 20, 2021 until further notice.

SriLankan Airlines has secured the Cabinet nod to call international tenders to procure its first dedicated freighter on lease basis as the airline eyes significant contribution from cargo segment to support its plans to return to profitability at th

Telecommunication companies, which became early winners of the pandemic, will continue to ride on that momentum, as Fitch Ratings this week painted a brighter outlook for the sector with an accelerated growth for broadband services through 2021.

The Cabinet of Ministers this week approved a proposal to empower 25,000 young female entrepreneurs in Samurdhi beneficiary households by initiating a new programme under ‘home-shop’ concept with a view to strengthen the local food distribution n

The confirmation of India’s Adani Group’s involvement in the West Container Terminal of the Port of Colombo failed to lift stock market sentiments yesterday, as both indices ended in red.

John Keels Holdings (JKH), Sri Lanka’s largest listed entity on the Colombo Stock Exchange (CSE) yesterday affirmed its involvement in the development of the West Container Terminal (WCT), and announced a concession agreement to carry forward the p

After banks were asked to come on board to provide extended relief on leases on passenger transportation sector, the finance company sector too has been requested to join the bandwagon to provide similar assistance to their borrowers as Central Bank

The Purchasing Managers’ Index (PMI) for February showed that both manufacturing and services activities in the country sustaining their expansion at robust levels while the expectations for further normalisation of business activities continuing

The foreign financing of the budget in 2020 continued to be in the negative as the government settled more of its outstanding loans to foreigners in the eleven months to November compared to net foreign borrowings in the same period in 2019.

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.

Twenty Regional Plantation Companies (RPCs) have filed a writ application in the Court of Appeal challenging the decisions of the Wages Boards for the Tea and Rubber Growing and Manufacturing Trade for deciding to increase the minimum wage of workers

Data showed that the Central Bank hasn’t sold a single dollar during February in defence of the rupee, although the currency came under pressure starting from the second week of January 2021.

Sri Lanka’s industrial production continued to hum as the index, which captures the manufacturing firepower of the country, added gains in January with wearing apparel making a comeback after a decline in December 2020.

Sri Lanka’s local cement production extended its growth momentum to January this year after recording 15.9 percent Year-on-Year (YoY) growth in 2020 driven by the pent-up construction demand following the slowdown during the first half of the year.

Sri Lanka was ranked among the countries with the poorest internet quality in 2020, according to a survey conducted by virtual private network provider, Surfshark.

More than two thirds of the foreign currency exposure of Sri Lanka’s banking sector to the State is on international sovereign bonds (ISBs) and development bonds while the rest composes of loans to the State and the State-owned enterprises (SOEs).

EFL Global LLC – USA, a fully owned subsidiary of Sri Lanka’s Expolanka Holdings PLC acquired three logistics companies in the United States (US) for US$ 2.2 million to expand its logistics operations based out of New York’s John F. Kennedy (JF

In what could be a new round of concessions for those who became a direct casualty of the pandemic effects, the Central Bank issued fresh instructions to provide payment holidays on leases on vehicles engaged in the passenger transport sector.

Money and Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal yesterday expressed surprise over the response of the International Monetary Fund (IMF), with regards to Sri Lanka securing a US $ 1.5 billion currency swap fac

People’s Bank yet again came forward to serve the national interests by extending support to the Sri Lankan government’s efforts to procure and import the first 500,000 doses of the Oxford/AstraZeneca vaccine to Sri Lanka.

Saranga Goonawardena was elected as the new Chairman at the Chamber of Young Lankan Entrepreneurs (COYLE) 22nd Annual General Meeting, held on March 10, 2021, at Shangri-La Hotel, Colombo.