Sri Lanka is bracing for a slowdown in Chinese tourist arrivals in the peak season as Chinese authorities have ordered travel agencies to suspend domestic and international tours as an attempt contain the coronavirus outbreak that has killed 56 and s

President Donald Trump opened a new front in his battle against immigration last week, barring the issuing of visas to pregnant women seeking to enter the United States for so-called “birth tourism.”

The Sri Lanka Tourism Promotion Bureau (SLTPB) is planning to seek Cabinet approval for the 5-year global promotional campaign in mid February, after securing SLTPB board approval last week.

After the appointment of Additional Solicitor General Viraj Dayaratne as Chairman of Securities and Exchange Commission (SEC) last week, Finance, Economy and Policy Development Ministry has had appointed four Members to its Commission.According to h

Sri Lanka Telecom PLC (SLT) last week announced the appointment of two Independent Non-Executive Directors and two Non-Independent Non-Executive Directors to its board.

Bairaha Farms PLC reported losses for the quarter ended December 31, 2019 as cost of sales rose while revenue slipped from a year earlier, impacting the bottom line of the country’s leading poultry producer.

Lanka IOC PLC returned to profits during the three months ended December 31, 2019 from a year earlier, but the top line declined reflecting the slowdown in the economy, which took toll on overall economic activities.

The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, has been honoured with the award for ‘Excellence in Finance’in the Banking and Finance category at the 2019 Maldives Business Awards in just its third year

A high level team from the United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri Lanka launched the next phase of Sri Lanka

Sri Lanka could face fresh challenges from the Wuhan coronavirus outbreak, given the limited room the island nation has to relax its fiscal policy in response to a possible downturn in the world economy. “…for sovereigns where medium-term fiscal

Jaffna International Trade Fair 2020, the biggest and only one of its kind events in the Northern Province, kicked off yesterday at Muttraweli Grounds in Jaffna. The picture shows Northern Province Governor P.S.M. Charles examining some products at t

DUBAI (AFP) - Dubai Islamic Bank said on Thursday it has completed the aquisition of Noor Bank to consolidate its position as the top Islamic lender in the United Arab Emirates. DIB said in a statement posted on Dubai bourse website the acquisition w

BRUSSELS (AFP) - Brussels’ two top officials, the presidents of the European Commission and the European Council, signed off on Britain’s EU divorce agreement yesterday. With Ursula von der Leyen and Charle

SriLankan Airlines has implemented a series of precautionary measures to mitigate the risks from the current coronavirus epidemic in the Far East, with the safety and well-being of its valued passengers and staff being of paramount importance. SriLan

HONG KONG (AFP) - Asian markets halted their slide yesterday with investor nerves eased after a week of volatility prompted by the rapid spread of a viral illness in China. The coronavirus infection has killed at least 26 people while the number of c

Top professional Manil Jayesinghe (center) was yesterday ceremoniously inducted as the 25th President of CA Sri Lanka by Outgoing President Jagath Perera (right) in the presence of the International Federation of Accountants (IFAC) President Dr. In-K

The Colombo Stock Exchange (CSE) is among the worst performing frontier markets, but a leading equity research analyst said all indications favour a rebound and the forthcoming general election would stoke further upward momentum. First Capital Head

The government is planning to set up a 500-acre special BOI zone for internationally recognised higher educational institutions this year with the aim of positionng Sri Lanka as a leading international educational hub.

Trans Asia Hotels PLC, which operates the five-star Cinnamon Lakeside hotel in Colombo, showed it is recovering from the aftershocks of Easter Sunday attacks, which eroded city hotel occupancies.

The government has decided to provide subsidised loans at 8 percent interest to millers to purchase rice from farmers at a minimum price of

The Cabinet of Ministers has approved two new 300MW coal-fired plants in Norochcholai and two 300MW liquefied natural gas (LNG) plants in Kerawalapitiya amid serious concerns over an impending power crisis.

The government has decided to outsource visa services for Chinese tourists to a Shanghai-based sub-agent in a bid to boost Chinese tourist arrivals to Sri Lanka.

Dubai Airport, one of the world’s biggest aviation hubs, said yesterday it would carry out thermal screening of all passengers arriving from China amid an outbreak of a deadly virus.

The government plans to expand the public sector further with 150,000 persons this year, recruiting 53,000 graduates and 100,000 school leavers or dropouts.

Embarking on a journey towards a brighter tomorrow four decades ago, diversified conglomerate Sunshine Holdings today stands tall and is ahead of the game due to its consistent efforts on creating a healthier Sri Lanka. The entity, starting off as a

Viraj Dayaratne, PC assumed duties as Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), yesterday.

The tax changes included in the Inland Revenue (Amendment) Bill propose to make major revisions to Sri Lanka’s corporate tax structure and interestingly, to substantially reduce the income tax rate on the so-called sin industries.

A veteran tea exporter and the founder of the Heladiv Tea brand, Rohan Fernando was appointed as the new Chairman of Sri Lanka Telecom (SLT), on Tuesday.

The newly-appointed Central Bank (CB) Governor Prof. W.D. Lakshman blames the country’s liberalisation policy package for the current state of the economy. “From late 1970s onwards, we were implementing a socio-economic policy model involving an

SriLankan Airlines is considering a proposal to resume direct fights to Paris, Rome and Frankfurt, within few months, with subsidies from the country’s tourism authorities, to attract more Western European tourists to the island nation.