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

Cargills Ceylon PLC delivered a strong performance for the quarter ended December 31, 2019, as the leading consumer foods and retail player saw business recovering from the Easter attacks amid positive consumer sentiments following the presidential p

Sri Lanka is well recognised as a leader in gender-equal education in the developing world; the World Bank statistics show that the primary and secondary school enrolments and completion rates are similar for girls and boys, while girls have higher e

A steam locomotive, which left from Colombo Fort railway station on Sunday (09), reached Nanu-Oya railway station yesterday carrying 38 tourists from 12 countries.

Sri Lanka’s export sector is out of sync with local and global developments despite the country’s graduation to the upper middle income bracket, and successive governments have engaged in re-canvassing the country’s export targets rather than a

The World Health Organization (WHO) warned yesterday that the novel coronavirus was a “very grave threat” for the planet as it hosted the first major conference on fighting the epidemic.

Dhammika Perera, Chairman of Greener Water Limited (a fully owned subsidiary of Vallibel One PLC) and Chairman of Summer Season Limited Mohan Pandithage signed two groundbreaking MOUs recently to establish global luxury brands JW Marriott & Ritz-Carl

Singer (Sri Lanka) PLC returned to profit during the December quarter (3Q20) amid gradual recovery in consumer spending, significant reduction in finance cost, supported by easing interest rates, the interim financial accounts released to the Colombo

US chip giant Intel and Chinese phonemaker Vivo withdrew from the Mobile World Congress over coronavirus fears yesterday, adding to a lengthening list of industry heavyweights pulling out of the world’s top mobile fair.

Denis Chaibi, the new Ambassador of the European Union (EU) Delegation in Sri Lanka, who was the chief guest at the Annual General Meeting (AGM) of the National Chamber of Exporters (NCE), held recently at Galadari, Colombo, was warmly welcomed by th

Amid concerns over fiscal slippages and uptick in fiscal deficit, the Central Bank (CB) is mulling entering into a fresh programme with the International Monetary Fund (IMF), under the policy framework of the new government.

Sri Lanka’s official reserves ended up at US $ 7,526 million on January 31, 2020, a tad weaker from US $ 7,642 million on December 31, 2019, indicating the uphill task of strengthening the foreign currency buffers amid the potential expansion in th

The blue-chip conglomerate, Aitken Spence PLC, remained resilient during a difficult period through its diversity of investments in eight countries, thereby recording favourable results for the nine months ended December 2019.

Despite the heightened headwinds from the extreme climatic conditions, Sri Lanka’s mini-hydro producers are poised to reap higher margins and profits and would further receive an additional tailwind from the rising demand for electricity.

The government is planning to enter into memorandums of understanding (MoUs) with four countries, for the promotion of tourism.

Asian and European markets mostly fell Monday with investors worried over the impact of China’s coronavirus outbreak on the global economy.

Sony and Amazon are the latest major companies to pull out of one of the world’s largest tech shows because of risks posed by coronavirus.

Recently emerging markets investment expert Mark Mobius said that Sri Lanka should target 10 million tourists in response to new government’s target to attract 4 million tourists, and to earn 10 billion dollars from tourism by 2025.

The post-millennium surge in global remittances — amounting to a net transfer of US$ 689 billion to the global south in 2019 has courted significant policy attention around prospects for ‘migration-development’.

President Gotabaya Rajapaksa speaking at the 72nd Independence Day ceremony at Independence Square said “The public will only achieve true freedom when social and economic inequalities are minimized”.

Prime Minister Mahinda Rajapaksa has sought a three-year a debt moratorium from the Indian government so that the heavily indebted island nation could convince other lenders to follow suit.

The International Monetary Fund (IMF) sounded fairly sanguine on the Sri Lankan economy and stated it was recovering from last April’s Eater attacks, supported by the solid performance of the manufacturing sector and a rebound in tourism. However,