“Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness campaigns or even on TV.

The Colombo Stock Exchange (CSE) yesterday recorded two significant milestones with the market capitalisation reaching an all-time high value of Rs.3.25 trillion and recording 52,559 trades, which is the highest number of trades recorded within a mar

President Gotabaya Rajapaksa yesterday stressed that the East Container Terminal (ECT) of the Colombo Port would not be sold or given on lease to any outside party.

With an estimated shortage of 250 million coconuts this year, the Cabinet of Ministers has approved a proposal to import coconut kernel for the local coconut kernel-related industries, subject to conditions.

The Cabinet of Ministers this week granted approval to implement the provisions of the proposed Standard Operating Procedure (SOP) for manufacturing, assembling and manufacturing of spare parts of vehicles in Sri Lanka, which was lobbied by the count

The government said it doesn’t rule out the possibility of selling a sovereign bond this year as part of its foreign borrowings quota for 2021, amid the Treasury seeking to rollover part of its dollar-denominated debt.

The European Union (EU) yesterday announced the signing of three grants worth EUR 35.75 million (Rs.8.26 billion), which will support Sri Lanka’s justice sector, help improve food safety and strengthen efforts to mitigate climate change.

The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday expressed confidence in 2021 delivering strong and broad-based recovery for the South Asian region, albeit unlike in the previous years, the awaited bounce back would be led by services,

President Gotabaya Rajapaksa has stressed that the East Container Terminal (ECT) of the Colombo Port would not be sold or given on lease to any outside party.

The continuing poor performance of rubber plantations could pull down the entire industry in the near future, including the manufacturers who are making steady progress, unless new strategies are conceptualised, a senior industry representative said.

The Monetary Board could hold key policy rates steady at their current levels when they meet for the first time in 2021 next Monday to determine if the current stimulus is sufficient to lubricate the wheels of the economy, which is largely expected t

The Monetary Board of the Central Bank has decided to ask Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding up of ETI Finance Limited (ETIF), in terms of Section 31(5)(b) of the Finan

The Cabinet of Ministers this week arrived at a final decision to re-open the country’s international airports for commercial purposes on January 21, with necessary safeguards in place to prevent COVID-19 from spreading in the country.

Airports Council International (ACI) on Monday recognised Bandaranaike International Airport’s (BIA) commitment to prioritising health and safety measures in accordance with International Civil Aviation Organization (ICAO) Council Aviation Recovery

Sri Lanka Tea Board (SLTB) has been granted Cabinet approval to sign a memorandum of understanding (MoU) with Fujian Star China International Trade Company Ltd, a subsidiary of Bennie Tea Industry Company Limited, for the marketing of pure Ceylon tea

With a view to fast-track the implementation of development projects, the government has decided to amend the Land Acquisition Act No. 9 of 1950 in order to simplify the land acquisition procedure and make compensation payments under a uniform system

LOLC Group yesterday said it is creating a platform to enable potential investors to acquire minority stakes in the finance companies it owns as a part of the group’s global strategy to attract large foreign investors to those companies.

LOLC Group subsidiary Browns Investments PLC (BIL) ended yesterday’s trading as Colombo Stock Exchange’s (CSE) third most valued company in terms of market capitalization.

The International Finance Corporation (IFC) of the World Bank Group has approved US$ 7 million loan to Sri Lanka’s Sunshine Holdings PLC to support the acquisition of confectionary manufacturing company Daintee and for the expansion of its roof top

In 2019, Sri Lanka recorded the highest reported elephant deaths and second highest number of human deaths in the world, due to the human-elephant conflict (HEC).

LanwaSanstha Cement Corporation Limited expects to commission the operations of its US $ 75 million state-of-the-art cement manufacturing cement plant in May this year, adding three million metric tonnes (MT) to Sri Lanka’s cement output.

The long-standing Japanese investors of Asia Capital PLC, Y. Watanabe and E. Watanabe, yesterday exited the company by completely divesting their shareholdings to Fast Gain International Limited, a company connected to Asia Capital majority sharehold

The COVID-related lockdowns, which went up around October in the Western hemisphere, blunted the momentum for demand for Sri Lankan-made apparel in its key customers in the USA and European Union.

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.

Amid continuous opposition from the Regional Plantation Companies (RPCs) to implement the proposed Rs.1, 000 daily wage for plantation workers, Labour Minister Nimal Siripala de Silva is expected to present a proposal to the Cabinet of Ministers toda

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.