Seventy two years ago, Sri Lanka gained independence from the shackles of British rule. This meant the autonomy to govern our people, the freedom to create and maintain our institutions and the ability to carve our own political narrative. Beyond pol

Construction workers atop a high-rise building under construction in Colombo wave at the Sri Lanka Air Force aircraft on their way to take part in the National Independence Day Celebrations held yesterday

As Sri Lanka celebrated 72 years of Independence from the British colonizers, President Gotabaya Rajapaksa at the official National Independence Day celebration in Colombo, yesterday pledged to assure and enhance the political and economic freedom of

Colombo-based free market think tank Advocata says the recent SriLankan Airlines corruption scandal aptly shows the urgent need for deeper structural reforms in the country’s State-Owned Enterprises (SOEs).

Marking the first initial public offering (IPO) for 2020, HNB Finance Limited Monday announced plans to list both voting and non-voting shares on the secondary board of the Colombo Stock Exchange (CSE).

Electricity sector regulator, Public Utilities Commission (PUCSL) has asked the Ceylon Electricity Board (CEB) to submit a report on the interruption of electricity supply that occurred on Monday without prior PUCSL approval.

The government is exploring avenues to narrow the gap between tea auction prices and FOB prices for the benefit of planters amid persistent low tea prices at the Colombo Tea Auction and rising cost of production.

The World Health Organisation has warned all governments to ‘take action’ over the SARS-like virus that originated in Hubei China. Top economists estimate that 90 percent of the economic impact from health epidemics stems from people’s fear of

The Chinese approach to a better future of humankind is based on the Chinese historical and cultural values with two fundamental ideas: community sharing and mutual connectivity. Prof. Wang Yiwei from China mentioned this in his keynote speech on ‘

A systematic review of Sri Lanka’s post-war defence budget reveals that Sri Lanka spends too much on defence and the defence budget is spent inefficiently.

Sri Lanka’s policy dilemma has entangled the national economy in a low growth trajectory amid an expanding public debt burden, and reversing this requires a prudent mix of macro stimulus and pro-growth reforms, a top economist in the country assert

Sri Lanka’s headline inflation measured by the Colombo Consumer Price Index (CCPI) advanced to 5.4 percent in the twelve months to January 2020 end from 4.8 percent in December 2019, as the prices of food and non-food items rose due to supply const

The Kingsbury PLC recorded losses for the quarter ended December 31, 2019 (3Q20) as the city hotel controlled by Hayleys group became a direct target of the deadly Easter Sunday attacks, which led to the temporary closure of some of the hotel’s fac

Sri Lanka’s Central Bank (CB) is formulating timelines on an individual basis for twenty out of forty licensed finance companies (LFCs) that are facing liquidity issues to raise sufficient capital by encouraging consolidation, while warning on canc

Amid revelations that the wife of a SriLankan Arilines’ executive is embroiled in a US$ 2 million bribery scandal, the national carrier yesterday said it will cooperate with government agencies for any investigation/prosecution relating to the matt

Ceylon Tea cup this year is expected to be bland with industry representatives stating that in terms of supply, little or no carryover will be witnessed in to 2020 from 2019 with low inventory in the value chain.

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. At age 17, in 1989, Musk moved to Canada to attend Queen’s University. In 1992, Musk left Canada to the USA to study business and physics. He graduated with a graduate degree in econom

PARIS (REUTERS) - Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organization for Economic Cooperation said yesterday after talks this week in Paris.

PARIS (AFP) - French telecoms operator Orange said yesterday that it had chosen Nokia and Ericsson to supply equipment for its next-generation 5G network, amid a growing dispute over the use of gear from China’s industry heavyweight Huawei.

India’s economy grew five percent last year, its slowest expansion since the 2008 global financial crisis, official data showed yesterday, underlining the challenges facing Prime Minister Narendra Modi’s government.

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced the newest mobile security device ‘Suraksha’, an all-encompassing safety-device specifically designed for children, accompanied by a multitude of parental controls and adv

Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt.

China’s manufacturing activity slipped in January, official data released yesterday showed, as the country grapples with a new virus that has claimed more than 200 lives. The Purchasing Managers’ Index (PMI), an early gauge of factory activity, c

Jordanian officials reached an agreement with the International Monetary Fund on a US$ 1.3 billion, four-year aid program to help authorities stabilize the economy, the IMF announced Thursday.

Dhaka is awash with millions of plastic-laminated campaign posters ahead of elections in the Bangladeshi capital, and environmentalists are up in arms.

Markets struggled to find their footing in Asia yesterday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China.

The second exhibition on the lifestyle in Pakistan was inaugurated by Small and Medium Business and Enterprise Development Minister Wimal Weerawansa at the Bandaranaike Memorial International Conference Hall yesterday.

In an unexpected move, the Central Bank (CB) yesterday slashed policy rates by 50 basis points to facilitate faster decrease in interest rates with the aim of boosting subdued economic growth to over 4 percent this year despite concerns over recent u

The Employees Provident Fund (EPF), the largest pension fund in the country representing private sector workers, may not buy banking sector shares further, as its exposure is already too high. But any investment decision is purely up to the investmen

The Hotels Association of Sri Lanka (THASL) met yesterday to discuss in depth the current situation with regard to the coronavirus outbreak and the measures to be adopted.