World’s first ever graphene-applied lead-acid battery is set to come into mass production in Sri Lanka in a few months with the commissioning of Ceylon Graphene Technologies’ (CGT) latest plant to convert locally mined vein graphite into graphene

Sri Lanka’s banks could turn conservative to defend against potential effects from the loan moratorium and the broader credit support scheme implemented for the small and medium-sized enterprise (SME) segment, but the wider industry remains confide

Laugfs Gas PLC, the country’s only privately-owned LPG distributor, recorded a heavy loss for the period ended December 31, 2019 (3Q20) amid rising sales costs and higher finance expenses.

(Beijing) AFP: The death toll from the novel coronavirus surged past 800 in mainland China yesterday, overtaking global fatalities in the 2002-03 SARS epidemic, even as the World Health Organization said the outbreak appeared to be stabilising. With

Asian markets mostly fell yesterday after a week-long rally as investors take profits and assess developments in China’s deadly coronavirus crisis. Strong US data, Chinese financial support and a broadly healthy earnings season have provided a much

SriLankan Airlines is strengthening its presence in the U.S. and European markets through the expansion of its existing codeshare agreement with Qatar Airways, with additional connections to serve various cities in these regions. Vipula Gunatilleka,

The Footwear & Leather Fair 2020 organized by the Sri Lanka Footwear and Leather Products Manufacturers Association was inaugurated at the BMICH yesterday by Small and Medium Business and Enterprise Develo

MOSCOW (AFP) - Russia said yesterday it will decide within days whether to back oil output reductions with its OPEC partners to counter crude price falls since the deadly spread of a coronavirus.

ZURICH (AFP) - Credit Suisse, which has been rocked by a spying scandal, announced yesterday that chief executive Tidjane Thiam had resigned and would be replaced by the current head of the bank’s

FRANKFURT AM MAIN (AFP) - Industrial production fell back sharply in both Germany and France in December, official data showed yesterday, closing off a year that saw trade conflicts above all weigh on the top EU economies. Manufacturing output was d

HONG KONG (AFP) - Hong Kong Airlines said yesterday it has been forced to slash hundreds of jobs and ask remaining staff to take unpaid leave as the coronavirus outbreak compounds problems at the already-

DUBAI (AFP) - Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned this week. “At the current fiscal stance, the region’s financial wealt

Cabinet of Ministers has approved a proposal to present a resolution to Vote on Account (VoA) in Parliament to settle arrears and to finalise the accounts for ‘out-of-the-books’ expenses incurred in relation to implementing projects utilising ext

The Hotels Association of Sri Lanka (THASL) yesterday urged the government to consider extending the moratoriums on all loans and interest granted by financial institutions for the tourism industry after the Easter Sunday attacks by a further one yea

Sri Lanka’s tea production in 2019 is estimated to have fallen to a four-year low to 300 Mnkg in 2019 from 303.9 Mnkg recorded in 2018.

Teejay Lanka PLC reported solid performance for the quarter ended December 31, 2019, sustaining the momentum it gained more than two years ago as the company pushed its top and bottom lines further ahead.

Electricity sector regulator Public Utilities Commission of Sri Lanka (PUCSL) has fired a second letter to the Ceylon Electricity Board (CEB) asking the state-run utility to submit a report on load-shedding that had taken place on February 3.

The Cabinet of Ministers has approved a proposal to rehabilitate and redevelop 100,000 kilometres of roads as an optional road network connecting highways and other main roads within this year.

The Cabinet of Ministers has given clearance to Kahatagaha Graphite to find an investor to add value to its production and boost export value.

Danish fruit juice producer Orana will set up a fruit processing plant in a two-acre land in the IDB Industrial Estate in Pannala, with a US$1.5 million investment.

Petrochina International (Singapore) Pte Ltd., and Swiss Singapore International have secured contracts to supply petrol and diesel to Ceylon Petroleum Corporation (CPC) for the next eight months, starting from March, according to the Cabinet Office.

Which of the following would you associate coconut shells with: fuel, ladles, salt-container, dental care, gold extraction, respirators, cabin air treatment, chemical industry, drinking water purification, industrial air treatment, pharmaceutical ind

Sri Lanka achieved the ‘upper-middle-income country’ (UMIC) status in July 2019, as the country’s gross national income (GNI) increased from US $ 3,840 per capita in 2018 to US $ 4,060 per capita in 2019. The World Bank’s (WB) new threshold f

SriLankan Airlines yesterday said it is rationalising its services to China in accordance with the current market conditions, with a temporary reduction of frequencies to several cities.

The world is moving towards new short-term lending benchmark rates to replace the beleaguered London inter-bank offer rate (Libor), which helped governments, banks and companies to raise trillions of debt and the Sri Lankan corporates are risking a b

Sri Lanka’s Inland Revenue Department (IRD) has announced the exemption of the Withholding Tax (WHT) on payments, including interest, dividends, rent, etc. made to residents and the removal of the PAYE tax on employment receipts made to both reside

Alumex PLC, the Hayleys group aluminium extrusions manufacturer, returned to profit during the three months ended December 31, 2019 (3Q20), as the global aluminium prices fell and the firm reduced its finance costs.

The Finance Ministry has appointed a new director board to Hotel Developers (Lanka) PLC, headed by former Urban Development Authority (UDA) chief and Noritake Company Executive Consultant Nimal Perera as Chairman.

Sim Leisure Group Ltd, a leading theme park developer and operator based in Penang, Malaysia, has entered into a non-binding memorandum of understanding (MoU) with Sri Lanka’s Elpitiya Plantations PLC, to set up its world-class ESCAPE theme park in

Hong Kong’s flagship carrier Cathay Pacific is asking its entire workforce to take up to three weeks of unpaid leave, its CEO announced yesterday, as the airline faces a crisis in the wake of the new coronavirus outbreak.