The maiden investor of the fabric processing park in Eravur is expected to sign an investment agreement with the Board of Investment (BOI) shortly, a top BOI official said.

Asia Securities joined the chorus of forecasting an excellent ride for Sri Lankan equities in 2021, powered by robust earnings supported by lower interest rates, domestic manufacturing policy tilt and the rejuvenated hopes for policy and political st

The Financial Intelligence Unit (FIU), which operates under the Central Bank, yesterday said it fined three finance companies to the tune of Rs.2.3 million in the past six months up to December 31, 2020, under the anti-money laundering (AML) and comb

The state-owned enterprises (SOEs) have remitted nearly Rs.7.5 billion in dividends and levies back to the government coffers during the eight months to August in 2020, only a fraction of what the government got as dividends and levies during 2019.

The government will reach a final decision on re-opening of the country’s international airports for commercial flights on 15th of this month, State Minister of Aviation and Export Zones Development, D. V. Chanaka told Mirror Business last Friday.

First Capital Research (FCR) believes the little under two-year long downside run of interest rates could come to an end by end of the first half of this year, but the clues coming from the Central Bank and elsewhere suggest that it has more life to

The first phase of South and Southeast Asia’s largest tyre manufacturing plant, FerentinoTyre (formely known as Rigid Tyre) is scheduled to be opened this Thursday (14th) by President Gotabaya Rajapaksa.

The Central Bank will release regular quarterly medium term inflation projections from this month so that businesses and other economic actors can make up their projections on prices and gauge the trajectory of future monetary policy actions much bet

The Commissioner General of Labour, B.K.Prabath Chandrakeerthi has urged the public to avoid visiting Labour Secretariat located in Narahenpita to withdraw their EPF funds or submit application to withdraw funds due to the recent spike in COVID-19 ca

State Mortgage and Investment Bank (SMIB) is at the forefront of disbursing Employees’ Provident Fund (EPF)-backed loans to salaried individuals, but the bank is now confronted with over 20 percent of bad loans as the borrowers as a habit renege on

Dialog Axiata PLC yesterday said it completed a deal to acquire 100 percent shareholding of H One (Private) Limited, through Dialog Broadband Network (Private) Limited (DBN), a fully-owned subsidiary of Dialog.

Hyundai has announced it is in early discussions with Apple to work together on self-driving electric cars.

Hela Clothing, by acquiring a 50 percent stake in Sumbiri Intimates Apparel PLC from Indonesian owner Sumber Bintang Rejeki, has formed a new joint venture in East Africa to manufacture bra and intimate products out of the Hawassa Industrial Park in

Sri Lanka would honour its loans and would not default, especially when it comes to international sovereign bonds, Finance, Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal told Parliament yesterday.

Prime Minister Mahinda Rajapaksa this week instructed the relevant authorities to take steps to provide credit facilities to small and medium-scale rice producers.

China hawks, who have been constantly calling that Sri Lanka could tilt disproportionately towards China, appeared to have made that claim based more on innuendos rather than objective evidence, the research unit of a Colombo-based equity brokerage s

Bolstered by the benchmark All Share Price Index (ASPI) crossing the 7, 000-point mark on Wednesday, the Colombo Stock Exchange yesterday steamed ahead with full throttle with market turnover crossing Rs.9.1 billion. ASPI gained 60.08 points or 0.87

LOLC Investments Ltd. yesterday sold its entire stake in the brush maker BPPL Holdings in a Rs.1.28 billion deal.

Pasan Wanigasekara yesterday assumed duties as the Director General of the Board of Investment (BOI), the investment promotion agency of the Government of Sri Lanka.

The Monetary Board approved draft of Microfinance and Credit Regulatory Authority Act aimed at regulating the country’s informal money lending activities is now before the Cabinet of Ministers.

Dhammika Perera-controlled Royal Ceramics Lanka PLC plans to commission a new tile manufacturing plant targeting the more price-sensitive segment of the market and increase the company’s tile production capacity by 20 percent.

After an extremely challenging 2020 marked by COVID-19 pandemic, Sri Lanka’s State-run banking giant, Bank of Ceylon (BOC), says it is geared to meet challenges of 2021 with an increased focus on digital delivery channels to deliver uninterrupted s

The Board of Directors of the Colombo Stock Exchange (CSE) has made a decision to change the tick size applicable to equity securities traded on the automated trading system (ATS). The necessary rule changes have been carried out by the CSE to facil

The Colombo Stock Exchange’s (CSE) benchmark All Share Price Index (ASPI) crossed the 7,000-point mark yesterday for the first time since November 24, 2015, closing the trading day on 7,036.76 points.

The Maldivian government revealed that across the year 2020, a total of 555,399 tourists had arrived in the archipelagos.

The Cabinet of Minister has approved measures to seek the Parliamentary approval to liberalise the country’s gem mining licence scheme, enabling activity even on leased lands.

Multi-disciplined corporate leader Pasan Wanigasekara has been appointed as the new Director General of the Board of Investment (BOI), the country’s state-run apex investment promotion body.

Jitendra Romesh Gunaratne, who recently retired from the John Keells group, has been appointed as an Independent Non-Executive Director to CIC Holdings PLC, with effect from January 6, 2021.

Dhammika Perera-controlled Royal Ceramics Lanka PLC plans to commission a new tile manufacturing plant, targeting the more price-sensitive segment of the market and increasing the company’s tile production capacity by 20 percent.