Cinnamon Hotels and Resorts has completed its third and final hotel opening for 2019 with the reopening of Cinnamon Hakuraa Huraa Maldives on Monday following refurbishments.

The United States embassy in Colombo yesterday cautioned US citizens hoping to visit Sri Lanka during the upcoming holidays.

Softlogic Finance PLC successfully raised Rs.602 million of new equity by way of a rights issue in the proportion of 12 new shares for every 23 shares held at an issue price of Rs.17 per share, creating 35,440,896 new shares increasing the total numb

Dialog Axiata PLC yesterday in a stock exchange filing announced the incorporation of Dialog Network Services Limited as a fully owned subsidiary to house the group’s network related business activities.

Singapore-based fashion platform Zilingo has acquired Sri Lanka-based software-as-a-service (SaaS) firm nCinga Innovations for US$15.5 million in cash and stock, which is being dubbed as the third-largest tech exit in Sri Lanka.

Sri Lanka’s manufacturing activities expanded at a slower pace in November while activities in the services sector reached a 16-month high with expectations over a greater stability in the political front.

(The Hauge) AFP: Anglo-Dutch consumer giant Unilever, the maker of Magnum ice cream and Dove soap, warned Tuesday that sales will grow below expectations for 2019, due largely to a slowdown in South Asia.

Remittances are often considered a stable and reliable source of development financing. In 2018, remittances to Sri Lanka totalled to US $ 7.015 billion. At macro level, the contribution of remittances to the Sri Lankan economy is immense.

The whole issue of Uber and the recent reports on mainstream and social media on assaults by Uber drivers on unsuspecting passengers has spread across the world – from the USA, India and now to Sri Lanka. The recent assault of a passenger by an Ube

Advantis Bunkering, the bunker supply arm of transportation and logistics giant Hayleys Advantis Limited, has commenced offering IMO2020 grade very low sulphur fuel oil (VLSFO) in Sri Lanka, becoming the first Sri Lankan company to offer this new gra

Expectations run high on further easing of interest rates in December and in the months that follow, as the lending rate caps take effect and the recent sweeping tax cuts factor into the real economy.

Corporate leader Kimarli Fernando has been appointed as Chairperson of the Sri Lanka Tourism Development Authority (SLTDA), Sri Lanka Tourism Promotion Bureau (SLTPB) and Sri Lanka Convention Bureau (SLCB).

Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) yesterday hailed the government’s recent decision to block the re-export of minor export crops.

Dynamic business leader Ashok Pathirage has been appointed as the new Chairman of the national carrier SriLankan Airlines.

SriLankan Airlines said it is adding 18 more new cities in Europe, North America, South America and the Middle East through the expansion of its codeshare agreement with its oneworld partner Qatar Airways, bringing its global route network to 127 des

Lanka Tiles PLC is to invest Rs.200 million to manufacture porcelain mosaic tiles for export market with foreign collaboration.

The government has removed the consolidated tax of Rs.36 per kg of imported wheat flour and replaced it with the Special Commodity Levy (SCL) of Rs.8 per kg.

Tea is one of Sri Lanka’s major export commodities; it sustains the livelihoods of the majority of the estate population in Sri Lanka. Furthermore, it contributes 10 percent to the agricultural gross domestic product and 12 percent to the value of

China is focusing on its commitment to the Belt and Road Initiative (BRI) at the expense of long-term sustainability. In the early stages of BRI, an overriding concern with commitment set off what Yuen Yuen Ang calls a Maoist mass campaign to promote

Nations Trust Bank PLC (NTB) has successfully concluded a landmark US$ 33.5 million syndicated term loan facility for Bayswater Maldives (Private) Limited, a joint venture between Sanken Overseas (Private) Limited, Singapore Hospitality Holdings (Pte

The new government of President Gotabaya Rajapaksa has unveiled its National Policy Framework (NPF) themed ‘Vistas of Prosperity and Splendour’ to achieve US$ 6500 per capita income with an economic growth of 6.5 percent per annum under stable ma

UltraTech Cement Lanka (Pvt) Ltd. has reduced the prices of its cement with effect from December 1 passing on the benefits of the reduction in Value Added Tax (VAT) and the removal of Nation Building Tax (NBT) to customers.

Sri Lanka’s relatively low duty structure on luxury goods such as wrist watches are supporting the country to position itself as a regional retail hub by attracting high-end tourists from the region, competing with international retail hubs such a

Lanka Securities’ chief Kosala Gamage has been appointed the new President of Colombo Stockbrokers Association (CSBA) at the Association’s Annual General Meeting (AGM) held on December 5.

John Keels Holdings (JKH) is likely to postpone the earlier scheduled closure of the Crescat Boulevard, one of the oldest shopping malls in the country adjacent to Colombo’s Cinnamon Grand hotel, next February.

Sri Lanka’s trade deficit contracted in the month of October and also during the first 10 months of 2019 amid slight gain in export income and considerable decline in import expenditure, according to the external trade data released by the Central

It is very unfortunate that the government has decided to stop the expansion of cultivation of oil palm without considering in depth, the merits and demerits. Totally banning the globally most widely used weed killer, glyphosate in 2015, was a simila

Azim Hashim Premji (born July 24, 1945) is an Indian business tycoon, investor, engineer and philanthropist. He is popularly known as the Czar of the Indian IT industry.

Christmas came early yesterday as equities and the pound surged on reports China and the US had reached a trade agreement, while British Prime Minister Boris Johnson won a landslide victory that will allow him to push through Brexit. Investors flocke

WASHINGTON (AFP) - The United States was poised to announce a historic trade deal with China, days before new tariffs are due to kick in between the world’s two largest economies, easing a commercial dispute that has roiled markets for almost two y