Billionaire Elon Musk’s Tesla Inc. will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.

Lion Brewery Ceylon PLC (LION) recorded performance for the quarter ended December 31, 2020 (3Q21) although the lockdowns due to second wave of COVID-19 in early October disrupted supply chains and local consumer appetite.

Hemas Holdings PLC delivered a strong financial performance for the three months ended December 31, 2020 (3Q21), although the October lockdowns slowed some momentum in consumer business, while the group divested its leisure business during the quarte

Distilleries Company of Sri Lanka PLC continued to buffer Melstacorp PLC’s financial performance during the three months ended December 31, 2020 (3Q21), but the businesses under the diversified category, including tourism-heavy Aitken Spence Holdin

While dismissing the ‘doom and gloom predictions’ of international agencies, the Central Bank (CB) expects a marked improvement in Sri Lanka’s macroeconomic fundamentals this year, under the government’s ‘alterative policy’, recovering fr

After an extremely choppy ride on Thursday, which caused much consternation among investors, the Colombo Stock Exchange (CSE) bounced back remarkably well yesterday, both indices recording sharp gains, regaining the lost ground.

Top textile manufacturer Teejay Lanka PLC has reported a profit before tax of Rs.951.8 million and a net profit of Rs.778.4 million for the third quarter of 2020-21, achieving a growth of 12 percent and 8 percent, respectively, over the corresponding

D. Samson Industries (Pvt.) Ltd, a subsidiary of DSI Samson Group (Pvt.) Ltd, enters into synthetic leather manufacturing by acquiring a state-of-the-art production facility in Katana, in the Negombo precincts, during a crucial period in which the go

The export earnings recovered in December 2020 from the brief set back from the lockdowns set in since October, due to the second wave of COVID-19, as the gradual reopening of the key export markets in Europe and the United States is boding well for

The United Nations World Food Programme (WFP) and Government of Sri Lanka welcome a funding of CAD 1 million (Rs.151 million) from Global Affairs Canada, to help smallholder farmers cultivate nutritious crops for the National School Meal Programme.

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, has announced the resumption of regular flights between Sharjah and Colombo, starting March 2, 2021.

With a pioneering vision to provide timely and trusted prescription medication service to the Sri Lankan public, Mymed.lk has become an essential part of peoples’ lives in the face of a pandemic.

The indices at the Colombo Stock Exchange (CSE) saw some wild fluctuations during intra-day trading yesterday, with negative sentiment creeping in mainly as a result of forced selling, though they closed on a strong note regaining some of the lost gr

The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of stockbroker firms for a discussion on the current status of the stock market yesterday afternoon.

Meanwhile, in a brief statement, the Colombo Stock Exchange said despite yesterday’s slide in market indices, the benchmark All Share Price Index (ASPI) and S&P SL20 Index continued to maintain double-digit growth rates year-to-date.

Sri Lanka ‘s participation in regional value chains (RVC) recorded stronger growth relative to global value chains (GVC) during 2015-2019, according to a latest report by the Asian Development Bank (ADB).

Sri Lanka faced no pressure from China with regard to the East Container Terminal (ECT) project, Sri Lankan Foreign Minister Dinesh Gunawardena has said. “China did not pressure us in anyway. They will not interfere in Sri Lanka’s internal affair

Singer Sri Lanka PLC witnessed strong business across nearly all of its verticals led by IT products such as smartphones and laptops as people shifted their work, education and entertainment online as new coronavirus upended people’s usual lifestyl

The Rs.1,000 daily minimum wage recently approved for plantation workers by two industry wages boards is set to face major obstacle over the next couple of weeks, as the move could also impact wages in the tea smallholder sector and privately-owned t

On top of narrow fiscal buffers and high indebtedness, COVID-19 pandemic related impacts could worsen Sri Lanka’s vulnerabilities to shifts in global sentiment, according to the Institute of International Finance (IIF), a Washington-based global As

G7 nations will consider whether to use the IMF to mobilise US$ 500 billion in aid to the world’s poorest nations to respond to the Covid-19 pandemic, a French source said yesterday.

Newly elected chief of the Sri Lanka Apparel Exporters’ Association (SLAEA) Aroon Hidramani spoke to Mirror Business recently on how the country’s apparel sector is gearing up to tackle 2021 after a tumultuous year marred by a global pandemic.

Two thousand twenty-one will be a difficult year. For most economies – not just for Sri Lanka. One does not have to be a macroeconomist to predict that. This year carries a legacy from 2020 that has brought unprecedented economic shocks as the cons

Two thousand twenty-one—it’s finally here! I think we can all agree that the last year was both the longest and fastest year ever. One thing we will all remember from 2020 is how work and life collided and converged in an unprecedented way, makin

With the COVID-19 pandemic slowing down the global investment flows, the rapid implementation of the special economic zone (SEZ) framework proposed for Colombo Port City (CPC) stands to play a decisive role in placing Sri Lanka as a premier financial

Household consumption declines by 5% in Jan.-Sept., in comparison to 4.1% increase in 2019

The Cabinet of Ministers this week gave permission to allocate land plots to 22 investors from eight industrial zones, to initiate their projects worth over Rs.24 billion, which are expected to generate 3,326 direct employment opportunities.

State-controlled Sri Lanka Telecom PLC (SLT) fared better in the three months ended December 2020 (4Q20), as the telecommunication industry rode on the pandemic-fuelled demand for data and other virtual connectivity services, with people mostly hooke

Access Engineering PLC continues to push its top and bottom lines higher, as the group fared well in its most recent quarter ended on December 31, 2020 (3Q21), recovering from the pandemic-induced setbacks on the construction sector.

The Cabinet of Ministers this week cleared the path to award the remaining tenders to the selected bidders of the 150 MW solar power project of the Ceylon Electricity Board (CEB).