HONG KONG (AFP) - Asian markets were mixed yesterday following another strong lead from Wall Street where tech stocks won big with strong Christmas results. The tech-heavy Nasdaq finished above 9,000 for the first time on Thursday, hitting its 10th

SriLankan Airlines supported an international sports event – the Addu Marathon – on Gan Island where it recently celebrated three years of operations.

KUWAIT CITY (AFP) - Saudi Arabia and Kuwait signed an agreement this week to resume pumping at two major oilfields in a shared neutral zone shut for five years due to a bilateral disagreement,

SEOUL (AFP) - A South Korean construction firm yesterday signed a deal to acquire Asiana, the country’s second-largest airline, which has long been plagued by financial problems.

PARIS (AFP) - European Commission chief Ursula von der Leyen has expressed “serious concern” over whether the bloc could conclude a post-Brexit trade deal with Britain within the 2020 deadline.

Indices at the Colombo Stock Exchange (CSE) gained yesterday amid investors expecting further relaxing of the monetary policy by the Central Bank.

The Merchant Bank of Sri Lanka and Finance PLC (MBSL), a subsidiary of Bank of Ceylon would require around Rs.1.4 to Rs.2.7 billion fresh equity over the next three years to meet the regulatory capital requirements set by the Central Bank, according

The investment opportunities in Sri Lanka’s property development sector generated significant interest at the 2019 Luxury Properties Showcase (LPS) exhibition in Shanghai, China, according to Altair, one of the leading participants from South Asia

SANASA Development Bank PLC (SDB Bank) has secured a US$ 8 million loan from Belgian Investment Company for Development Countries NV/SA (BIO) to augment its capital buffers under Basel III guidelines and support its lending activities for small and m

The Annual General Meeting (AGM) of the Sri Lanka Economic Association (SLEA) was held on December 18th at the Organization of Professional Association of Sri Lanka (OPA) auditorium.

Top professional Sujeewa Rajapakse, who counts over 30 years of experience in audit and consultancy services, has been appointed as the People’s Bank Chairman.

Colombo University Sociology Department Senior Lecturer Jagath Wellawatte has been appointed as Chairman of Sri Lanka Insurance Corporation Limited (SLIC).

Well-known sales and marketing professional and entrepreneur Anil Koswatte has been appointed as Litro Gas Lanka Limited Chairman.

The newly-appointed Governor of the Central Bank of Sri Lanka (CBSL), Deshamanya Professor W.D. Lakshman, assumed duties in his new post on December 24, at the Governor’s office in Colombo.

On Tuesday, just before Christmas, banks reached a consensus with the government on how to go about the small and medium-sized enterprise (SME) loan moratorium, which had sparked unease within the country’s banking sector.

November’s headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) fell sharply to 4.1 percent, from 5.6 percent in October, partly due to the statistical effect of a higher base prevailed a year

The research arm of an investment banking unit has lowered the probability of a policy rate cut to 50 percent, from the previously projected 100 percent, amid the sweeping tax cuts and loan moratorium announced for small and medium-sized enterprise (

The Asian Development Bank (ADB) has signed a US $ 5 million financing facility with PT SASL and Sons Indonesia (PTSASL), a subsidiary of Silvermill Group – one of Sri Lanka’s largest manufacturers and exporters of coconut-based products – to e

Jaykay Marketing Service (Pvt.) Ltd, the retail arm of John Keells Holdings PLC, which operates the Keells supermarkets, has chosen Manthan System’s Vendor Link solution to enable its supplier collaboration platform, as part of its digital transfor

Sri Lanka’s vehicle registrations, led by motorcycles, motorcars and three-wheelers, fell in November, according to the vehicle registration data compiled by JB Securities, a Colombo-based equity brokerage and research house.

We are quite happy that the new President Gotabaya Rajapaksa in his election manifesto has given an undertaking that an additional 100,000 university places will be found for students qualifying at the GCE A/L exams.

The Cabinet of Ministers has given its nod to allocate Rs.28.04 billion for a brand-new rural development programme named ‘Sapiri Gamak’, which is to be implemented from next January, covering all 14,021 Grama Niladhari (GS) divisions in the coun

As parties failed short to reach a consensus on the proposed loan moratorium yesterday, the bank chiefs are expected to meet the top government officials today to arrive at a more mutually agreeable solution on the SME loan moratorium announced last

Colombo Dockyard PLC yesterday delivered two pilot launches as per an agreement signed with Sri Lanka Ports Authority (SLPA) on February 1, 2019.

Colombo Coffee Company (CCC), Sri Lanka’s leading coffee solutions provider and café operator, has reached an agreement with Akbar Brothers for a Rs.100 million growth equity investment.

LOLC Group subsidiary LOLC Finance PLC (LOFC) has signed an agreement with Swedfund, the Swedish government’s development finance institution (DFI), to receive a total of US$10 million in a senior loan. LOFC is a leading financial institution in Sr

Fitch Ratings does not expect the government to adopt a cost-reflective tariff structure for electricity ahead of elections in next year despite its precarious financial position.

Fitch Rating expects Sri Lanka Telecom PLC’s (SLT) negative free cash flow (FCF) to continue during the current financial year as cash flow from operations is likely to be insufficient to fund rising capex requirements to expand the firm’s planne

The new President Gotabhaya Rajapaksa pledged during his campaign that he would create a well-disciplined, efficient, and productive public sector. He said without an efficient and productive Government we cannot take the country forward. He pointed

Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is expected to soon seek Cabinet approval to award bids to commence development of oil and natural gas discoveries in M2 block of Mannar Basin, eyeing first commercial production within