The Cabinet of Ministers has approved a proposal to conduct a feasibility study for the proposed Eastern expressway project from Mattala airport to Pottuwil across Wellawaya and Siyambalanduwa, according to the Cabinet office.

Jetstar Asia will become the only low-cost carrier (LCC) to fly direct from Singapore to Colombo, when it launches the new service on July 1 this year.

Nearly 900,000 pangolins are believed to have been trafficked across Southeast Asia in the past two decades, a wildlife watchdog said yesterday, highlighting the challenge in tackling the illicit trade.

Jetwing Symphony PLC said it is recovering from the low arrivals which resulted from the Easter Sunday attacks, but remains cautious and watchful of the impact from the New Coronavirus which has implications on global tourism.

Prime Minister and Economy, Finance and Policy Development Minister, Mahinda Rajapaksa has appointed retired Major General Vijitha Ravipriya as the new Director-General of Sri Lanka Customs, the Finance Ministry said.

Sri Lanka’s tea cuppa kicked off on a grim note in January this year with production, export quantity, and value showing contraction compared to the corresponding month in the previous year.

Thai conglomerate Central Retail launched the country’s biggest ever IPO yesterday, giving it a market cap of around US$ 8.1 billion in a punt on a sputtering economy now hampered by the new coronavirus. Most Thais visit a shop each day owned by C

The Cabinet of Ministers has approved the proposal to enter into a Double Taxation Avoidance Agreement (DTAAs) with the Government of Czech Republic.

Strategy experts suggest that Sri Lanka’s tea industry should consider adopting the blue ocean strategy for profitably and sustainability.

Despite the anticipated acceleration of economic activities and fiscal loosening, the deep tax cuts may create a challenge for the government to raise the estimated US $ 3-3.5 billion from external financing resources for external debt repayment, at

A moratorium on the loan payments from China could significantly ease off the pressure on Sri Lanka’s external sector, rather than a debt moratorium from India.

The newly-appointed Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne, PC, along with the members of the commission, has commenced a series of meetings with capital market stakeholders.

The Dialog Axiata group, the largest foreign direct investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), has announced entering into two supplementary agreements with the BOI for the investment of an additional sum

Sri Lanka’s bank lending rates are on the decline and the sector got on to a better start with higher number of applications for new loans receiving as the measures taken for monetary easing take hold.

In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said yesterday.

Managing the mobility of people and goods is one of the toughest environmental and social challenges that countries face. Sri Lanka is facing a rapid rise in road congestion and air pollution. With escalating numbers of new vehicles being registered

The project company of Colombo Port City (CPC), CHEC Port City Colombo, is set to kick off the global launch of the Colombo Port City project for investors at World Cities Summit 2020 in Singapore this July with first few developments of the project

Weak asset quality weighed on the performance of National Development Bank PLC (NDB) during the December quarter (4Q19), as the bank made some hefty provisions for possible bad loans in a period marred by growth slowdown, but the bank remains hopeful

Most people infected by the new coronavirus in China have mild symptoms, with older patients and those with underlying conditions most at risk from the disease, according to a study by Chinese researchers.

Sri Lanka’s total exports growth in 2019 has slowed down to the lowest since 2016, recording a marginal growth of 1.4 percent Year-on-Year (YoY) to reach US$ 16.14 billion, according to the Export Development Board (EDB).

Due to the prevailing dry weather in Sri Lanka, hydropower generation has come down to 23 percent of total production, the Power and Energy Ministry said.

Moody’s Investors Service said in a new report yesterday the coronavirus outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and for some sectors also through supply-chain disruption

Sri Lankans can now open a securities account instantly with their stock broker under a new decentralization programme by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait f

Aspiring to have a net zero carbon footprint requires a transition towards a low carbon economy, which is easier said than done. While the move necessitates in-depth analysis, changing energy resources and industrial processes, amongst other areas of

Some days ago, the media reported that the Agriculture and Mahaweli Development Minister addressing a farmers’ meeting in Embilipitiya had remarked that according to a World Health Organisation (WHO) report, Sri Lanka is the country consuming the h

Softlogic Holdings PLC returned to profit in the quarter ended December 31, 2019 (3Q20), recording a double-digit growth in the top line, as the diversified conglomerate with a strong retail footprint benefitted from the recovering consumer sentiment

Sri Lanka’s imports picked up in December 2019, first time since October 2018, most likely responding to the economic stimulus package announced end-November by the newly formed government of President Gotabaya Rajapaksa.

Sri Lanka’s vehicle registrations in January have shown a strong rebound across the board from the previous months, recording the highest number of total registrations since March 2019, possibly due to the resurgence in consumer and business confid

Dialog Axiata PLC saw its top line languishing during the three months to December 2019, from lower revenues from its key mobile business but the fixed broadband and satellite television businesses buffered the top line.

Rotary International, a leading international service organisation, plans to woo new youth members to the organisation through its new action plan with an aim to stay ahead of unfolding global trends.