China saw another surprise jump in exports last month as the global economy slowly reopened after virus lockdowns, data showed yesterday, but there were warnings that while the country is expected to get back on track by year’s end overseas shipmen

The local business community yesterday sounded upbeat on their expectations from the new parliament that was elected with a landslide victory by the Sri Lanka Podujana Peramuna (SLPP) and its allies, securing two-thirds majority.

Port City Colombo is marking yet another milestone event in the country in its next phase of development.

Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and Exchange Commission and Treasury officials said on Thursday.

Businesses in Northern Ireland will be able to use a new free service to complete import paperwork after UK-EU trading terms change later this year, the British government said yesterday.

A new China-US flare-up sent markets tumbling yesterday, while the mood was also soured by US lawmakers’ struggles to agree on a new economic stimulus - all against a backdrop of surging virus infections.

The unprecedented fall in greenhouse gas emissions from lockdowns during the pandemic will do “nothing” to slow climate change without a lasting switch from fossil fuels, an international team of researchers said yesterday.

Sunshine Holdings PLC yesterday said its sub-subsidiary Watawala Tea Ceylon Limited has entered into a share sale and purchase agreement with the current shareholders of Daintee Limited to purchase 100 percent shareholding of the company for Rs.1.7 b

Telecommunication services provider Dialog Axiata PLC this week announced that discussions on the proposed acquisition of the systems integration business of V S Information Systems (Private) Limited (VSIS), namely VSIS Enterprise Solutions (Private)

Asian markets mostly rose yesterday building on a two-day rally, with nervous investors keeping an eye on stimulus talks in Washington, while China-US tensions continued to weigh on confidence.

Aitken Spence Hotels has announced that five of the hotel group’s Maldives resorts will reopen to international guests by September 1st.

Watawala Plantations PLC reported robust revenues and profits for the three months ended June 30, 2020 (1Q21) as the company’s palm oil and dairy businesses stood to benefit from the circumstances that were created by the pandemic where the focus i

The International Monetary Fund urged Lebanese officials yesterday to break an “impasse” and move ahead with reforms after a massive Beirut blast cost the crisis-hit country billions in damages.

The Kingsbury PLC continues to remain in the red having posted net losses for five straight quarters after being hit with a two-fold impact— first from the Easter Sunday attack in April 2019, and now the global pandemic— both which dealt a crippl

The loans to contractors backed by Treasury guarantees can now be considered as part of banks’ liquid assets when calculating and reporting their statutory liquid asset ratio (SLAR) to the Central Bank.

Sri Lanka’s national milk output tumbled in 2019 amid an outbreak of foot and mouth disease in certain parts of the country and closure of several large-scale farms operating with imported cows, leading to an increase in cost of production and lowe

The Central Bank (CB) has decided to expand its liquidity facility for the construction sector to include the government contractors and suppliers in the pharmaceutical sector, to let them borrow at concessionary rates against the unsettled bills fr

Vallibel Finance PLC reported subdued profits for the three months ended March 31, 2020, as the company made a higher provision for possible loan defaults amid the expectations that the pandemic-driven economic shocks to have an extended bearing on i

The Veddagala Tea Factory, situated in Lenagala, has achieved an all-time record price at the weekly tea auction held on August 4, 2020, by securing an attractive price of Rs.1550 per kilogramme, for the PEK1 grade in the Low Grown category. This lin

The Ceylon Tea national sales average has witnessed a 22 percent year-on-year (YoY) increase for the month of July, showing an expansion of Rs.113.09 compared with the corresponding period in 2019.

Dialog Axiata PLC this week said the pandemic had an adverse impact on its revenues while the provision for bad debt hit profits as the group extended credit to keep people connected during the lockdowns, which significantly affected cash collection

Gold has topped US $ 2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic.

International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city’s future, with analysts warning businesses are being forced to pick a side.

Sri Lanka’s apparel exports contracted by US$ 785 million or 30 percent year-on-year (YoY) during the first half of 2020 hit by COVID-19 pandemic related economic malaise, Sri Lanka Apparel Exporters Association’s (SLAEA) data showed.

The Colombo Stock Exchange yesterday said it has decided to close the market at 12.30 p.m. today (August 05th) in view of the parliamentary elections.

Issuing the national accounts estimates for the first quarter of 2020 (1Q20), the Department of Census and Statistics (DCS) yesterday said Sri Lanka’s GDP contracted 1.6 percent compared to 3.7 percent growth recorded in the first quarter of 2019.

German chemicals giant Bayer reported yesterday a second-quarter net loss of 9.55 billion euros (US$ 11.26 billion), reflecting the ‘exceptional impact’ of a US settlement of thousands of claims that its glyphosate weed killer may have caused can

Early indications have shown that the Sri Lankan economy is on course to some recovery in the ongoing quarter with lower borrowing costs and benign prices continuing through the year as the country is going to a crucial poll to decide who could be be

Pan Asia Bank reported higher net interest income and profits for the three months ended June 30, 2020 (2Q20), as the bank took advantage of its high priced loans by taking time to adjust them lower while the loan impairments held back due to relief

In a strategic move to build in agility, create robust governance structure, transform and steer the company into the next tier of growth, Lankem Ceylon PLC yesterday announced the appointment of Suren Goonewardene as Managing Director for its opera