Consumer and healthcare business of Hemas Holdings PLC showed steady recovery over the previous year’s levels during the quarter ended December 31, 2019 (3Q20) while the leisure and mobility sectors languished, according to the financial accounts o

Sri Lanka’s manufacturing and service sector activities slowed down in January while new coronavirus (COVID-19) outbreak in China is leading to indefinite delays of supplies for manufacturing and slowdown in future expectations in tourism and trans

Arbitrary regulations surrounding palm oil cultivation have pinched Watawala Plantations PLC while the group’s still fledgling dairy business reported losses, although its top line is expanding and losses narrowing.

CIC Holdings PLC gained ground during the period ended December 31, 2019 (3Q20), as the group, which specializes in agriculture and crop solutions pulled off some better performance across all its main business verticals while receiving a windfall fr

Fears over the new coronavirus rattled investors in Asia yesterday as they struggled to work out if the China epidemic was worse than being reported by authorities. A dramatic rise in the number of deaths and new cases of the virus on Thursday fuelle

SINGAPORE (AFP) - Asian plane makers have thrown huge sums at building jets but flagship projects have suffered repeated setbacks, and they face a tough time breaking into a market dominated by established players.

The ‘Wedding Show 2020’, an exclusive exhibition aimed at helping couples craft their picture-perfect wedding opened yesterday at the BMICH, coinciding with the month of love. The 3-day event is organised by A

The Chairman of Commonwealth Enterprise and Investment Council, Lord Marland of Odstock was in Sri Lanka recently. Jonathan Marland is one

PARIS (AFP) - Facebook founder and CEO Mark Zuckerberg yesterday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national government

LONDON (AFP) - London Fashion Week kicked off yesterday with more than 60 shows over five days, including much-anticipated offerings from Burberry and Tommy Hilfiger, but with participation dented by the novel coronavirus epidemic. Organisers the Br

TOKYO (Reuters) - Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said yesterday. It had previous planned to resume op

BERLIN (AFP) - Europe’s largest economy Germany stagnated in the final quarter of 2019, preliminary official data showed yesterday, with zero growth on the previous three months. Gross domestic product (GDP) was the same in October-December as in t

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On January 28, 2020, the World Health Organisation (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) as a global emergency. The new virus emerged in Wuhan, the capital of the Hubei province in China but has now spread to at least 27 ot

Amid a fiscal deficit forecast of 7.5 percent of GDP this year, the government expects the State revenue to pick up from the second half of this year, driven by the anticipated uptick in consumption and investment activities from the announced tax cu

While commending President Gotabaya Rajapaksa’s Independence Day remarks with regard to his commitment to ensure political and economic freedom of Sri Lankan citizens, Colombo-based free-market think tank, Advocata has come out with three key recom

After several depressing quarters, diversified conglomerate, Hayaleys PLC has reported healthy earnings for the quarter ended December 31, 2019 (3Q19) amid significant cuts in cost of sales despite a sizeable drop in sales.

China’s official death toll from the new coronavirus spiked dramatically yesterday after authorities changed their counting methods, fuelling concern the epidemic is far worse than being reported.

Energy sector regulator, the Public Utilities Commission Sri Lanka (PUCSL) yesterday pointed out the need to re-evaluate the strategy employed for electricity supply in the medium term, as significant changes are taking place on the demand side.

Sri Lanka’s apparel exports are set to take a hit from the prevailing coronavirus outbreak in China as most shipments of key materials for apparels such as fabrics, trims and accessories from China are yet to resume following Chinese New Year holi

France yesterday said Chinese telecommunications firm Huawei would not be excluded from supplying equipment for 5G networks in the country but could be subject to restrictions and Paris may prioritise European operators.

India’s Union Cabinet on Wednesday has approved amendments to the existing Double Taxation Avoidance Agreement (DTAA) with Sri Lanka, aimed at curbing tax evasion. “The Union Cabinet, chaired by the Prime Minister Narendra Modi,

Global Value Chain will continue to enhance economic growth, create better job opportunities, and shrink poverty in the developing countries to a greater extent.

In the newspapers recently, under the headline Travel / Tourism read “President calls for new strategy to turn tourism into US$ 10 billion Industry by 2025”. It is encouraging to note that both the Tourism Minister and the Chairperson of Sri Lank

The employees and depositors of troubled The Finance Company PLC (TFC), which is now facing a licence cancellation, accused the financial sector regulator, the Central Bank (CB), for driving the firm towards a nearly Rs.20 billion hole in the balance

Sri Lanka engaged well with the European Union (EU) on the GSP Plus compliance issues during the 2018-2019 period, according to the latest report issued by the European Commission (EC).

Retired Sri Lanka Administrative Service (SLAS) officer Jagath P. Wijeweera has been appointed as Chairman of the Development Lotteries Board (DLB) by Finance, Economy and Policy Development Minister Mahinda Rajapaksa.

The Sri Lankan government is considering ways of recovering damages, including claiming compensation from Airbus SE, after the European planemaker admitted to bribing executives to win aircraft orders.

The European Parliament on Wednesday ratified an EU free trade accord with Vietnam despite some lawmakers objecting because of the Asian country’s human rights record.

The Hayleys group’s coconut shell-based activated carbon manufacturer, Haycarb PLC, saw its earnings for the December quarter (3Q20) surging amid an impressive top line performance, backed by the higher sales volumes of the firm’s value-added act