Sri Lanka’s countrywide inflation measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) spiked to 6.2 percent in December 2019, from 4.1 percent in November, amid higher food prices and low base effect.

Norwegian Ambassador to Sri Lanka Trine Jøranli Eskedal will open Sri Lanka’s first floating solar plant in Kilinochchi, tomorrow.

Sri Lanka Tourism Promotion Bureau (SLTPB) has finalised a 5-year global promotional campaign targeting eight tier one (primary) source markets and six tier two (emerging) markets to reach the government’s objective of generating US$ 10 billion rev

Additional Solicitor General Viraj Dayaratne is set to assume duties as the Chairman of Securities and Exchange Commission (SEC) of Sri Lanka this week, Mirror Business learns.

Sri Lanka earned record US$ 5.3 billion with a 5.1 percent year-on-year (YoY) increase in apparel export earnings for 2019 despite slight decline in export earrings in December, according to Joint Apparel Association Forum (JAAF) data.

The first monetary policy review of 2020 will be announced on January 30 at 7.30 a.m., the Central Bank said yesterday.

Signaling a fresh boost to the ties enjoyed between the global organisation for the accountancy profession and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the incumbent President of the International Federation of Accountants

Sri Lanka’s Cabinet of Ministers has approved the proposed amendments to the Inland Revenue Act (IRA) presented by Prime Minister and Finance Minister Mahinda Rajapaksa to give effect to the tax cuts announced in November.

(Bengaluru) REUTERSS: Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99 percent stake in the startup backed by China’s Ant Financial.

The Central Bank said yesterday five forensic audits, which have already been completed, into Treasury bond issuances, cost approximately Rs.275 million, contrary to certain media reports.

In the October World Economic Outlook, we described the global economy as in a synchronised slowdown, with escalating downside risks that could further derail growth. Since then, some risks have partially receded with the announcement of a US-China P

The killing of the second most powerful leader in Iran by the US military a few days back immediately resulted in investors fleeing away from the volatile assets and also helped to destabilise the region once again.

’’EDEX Expo 2020, the pioneering and largest higher education exhibition and Job Fair, concluded vibrantly at BMICH this weekend, drawing over 15,000 footfall during three days from Friday to Sunday. It was declared open by His Excellency Eric La

The Colombo Stock Brokers Association (CSBA) has requested the government to immediately intervene to revive the activities at the Colombo Stock Exchange (CSE).

The one-year debt moratorium announced by the government for the small and medium-sized enterprises (SMEs) is credit negative for the Sri Lankan banks and sovereign as it would undermine the banks’ asset quality and may not support the country’s

The Regional Plantation Companies (RPCs) have agreed to consider favourably and to submit their proposals to implement the government’s decision to increase the minimum daily wage of plantation workers to Rs.1,000, with effect from March 1, somewha

Upul Dharmadasa has assumed duties as the seventh Chairman of the Civil Aviation Authority of Sri Lanka (AASL).

Tea Smallholder Factories PLC managed to return to profits in the quarter ended December 31, 2019, due to the one-off tax reversal but the operating results of the firm were in the red.

The Finance Ministry yesterday urged the struggling small and medium-sized enterprises (SMEs) to contact their respective banks before 31st of this month to gain access to the announced loan moratorium under the government’s credit support programm

Improving US-China trade tensions have eased uncertainty and the world economy may have hit bottom but a sharp slowdown in India is creating a drag worldwide, the International Monetary Fund (IMF) said yesterday.

For the ninth consecutive year, MTI Consulting (via its Corporate Finance practice), in partnership with Daily FT, Daily Mirror and Sunday Times, has concluded the MTI CEO Business Outlook Study, collectively outlining the Sri Lankan business communi

Top officials of the Planters’ Association (PA) of Ceylon are scheduled to hold a crucial round of discussions with Plantation Industries and Export Agriculture Minister Dr. Ramesh Pathirana today on the government’s decision to increase the mini

Growth in wages is largely expected to keep pace in 2020 begining January, supported by the re-invigorated economy from expected high private sector credit and benign prices, opined ICRA Lanka.

Primary dealer, First Capital Treasuries PLC, is to raise Rs.750 million via a listed debenture issue.

The European Union has assured the GSP Plus tariff concession for Sri Lanka till 2023, according to a media communiqué by the Industrial Export, Investment Promotion, Tourism and Aviation Ministry.

Sri Lanka’s trade deficit narrowed in November supported by lower import of vehicle and fuel imports, although export earnings declined marginally, the external trade data released by the Central Bank showed.

Keells Food Products PLC (KFP) recorded higher top line but weaker profits for the quarter ended December 31, 2019, reflecting some lingering problems faced by one of the largest processed food markers in the country.

Sri Lanka’s service sector activities reached a 24-month high in December driven by acceleration of activities in peak tourism and festive season while manufacturing activities expanded at a slower pace, according to Central Bank’s SL Purchasing

Pan Asia Banking Corporation PLC has announced plans to raise up to Rs.1.25 billion through a Basel III compliant unlisted debenture issue.

Timothy Donald Cook was born in Alabama, United States, on November 1, 1960. He earned a Bachelor of Science in industrial engineering from Auburn University, in 1982. His Master of Business Administration was from Duke University.