WASHINGTON (AFP) - Chastised by the top US aviation regulator, Boeing on Thursday at last acknowledged that its 727 MAX aircraft will not return to the skies until next year. Steve Dickson, head of the Federal Aviation Administration, met Thursday wi

A delegation from the Vereniging van Kleinschalige Reisorganisaties (VVKR); Small & Medium Tour Operators Association in The Netherlands arrived in Sri Lanka on December 02nd, on an invitation from Sri Lanka Tourism. Upon their arrival, they were giv

LOS ANGELES (AFP) - Microsoft has unveiled a name and look for its new gaming console, the Xbox Series X, promising a still-more immersive experience as it fends off threats from streaming and rival Sony. The US company in June p

MEXICO CITY (AFP) - The Mexican Senate ratified the modified North American free trade agreement with the United States and Canada on Thursday after more than two years of arduous negotiations.

FRANKFURT AM MAIN (AFP) - German takeaway giant Delivery Hero yesterday said it had agreed to buy South Korea’s largest food delivery app Woowa in a 3.6 billion euro (US$ 4 billion) deal aimed at beefing up its

TOKYO (AFP) - Confidence among Japan’s biggest manufacturers has s lipped for the fourth straight quarter, a key survey showed yesterday, reflecting lingering worries over the US-China trade war. The Bank of Japan’s December Tankan business surve

BRUSSELS (AFP) - European Union leaders on Thursday extended punishing economic sanctions against Russia over the conflict in Ukraine for another six months, senior EU officials said. The move comes days after a four-way summit in Paris between Ukrai

(Riyadh) AFP: Saudi Aramco soared yesterday above the US $2 trillion valuation target sought by the kingdom’s de facto ruler as the energy giant’s share price surged on its second day of trading.

The government has effected further changes to taxes and levies as the Finance Minister had ordered the exemption of Ports and Airports Development Levy—which is often referred to as the PAL—on a range of imported capital goods in a bid to provid

Sri Lanka’s Cabinet of Ministers has decided to set-up a ‘multi-purpose task force’ comprising 100,000 qualified low-income youth under a separate department.

About 81 percent of Sri Lankans believe that the losses sustained by State-owned enterprises (SOEs) are not justified, compared to the services they provide, according to a public opinion poll conducted by Colombo-based think tank, Advocata Institut

The Colombo Stock Exchange (CSE) is to conduct a planned full-day of trading from the disaster recovery site using ATS Version 7 Disaster Recovery Solution today as a part of its routine business continuity planning (BCP).

Sri Lanka’s entire public sector is going through a restructuring process under the new government led by President Gotabaya Rajapaksa, a government minister said.

The government will reduce duty on wheat flour imports for a limited period in order to ease the cost of living amid a hike in rice prices, Cabinet Spokesperson Dr. Ramesh Pathirana said.

The Treasury has approved bonus payment for the year 2019 for the employees of State-owned statutory bodies and fully State-owned companies.

(Colombo) REUTERS: Sri Lankan shares gained for the first time in seven sessions yesterday, helped by large-cap LOLC Holdings Plc, while the rupee ended higher.

In 2012, the Harvard Business Review named being a ‘data scientist’ the “The Sexiest Job of the 21st Century”. If that is not appealing enough, it is estimated that by 2020, there will be 40 trillion gigabytes (40 zettabytes) of data created.

The multilateral trading system and the liberal order on which it is founded are under immense strain. A toxic mix of populist appeals to protectionism and the invocation of national security concerns is disrupting and weakening the global value chai

Climate-strike is the latest addition to the Collins Dictionary. Witnessing frequent, extreme weather disasters around the world combined with youth generated mass protests demanding immediate action by Governments, uphold climate change as one of th

The Scaling Up Nutrition Business Network (SUN BN), led by the United Nations World Food Programme (WFP), recently brought together 30 leading Sri Lankan businesses to pledge their support for three important agendas—improving workplace health and

The return of the Rajapaksa family to the leadership of Sri Lanka raises questions about how the country’s foreign policy approaches to India, China and the United States may change. Media reporting immediately after the November 16 election expre

Sri Lanka’s existing laws dating back over two decades lack teeth to crack down on rampant bribery and corruption, which has gripped every facet of the Sri Lankan society and even to make little progress in curbin

Sri Lanka’s Human Development Index (HDI) value for 2018 is 0.780— which puts the country in the high human development category— positioning it at 71 out of 189 countries and territories, according to the 2019 Human Development Report released

LOLC Holdings PLC plans to sell its stake in a microfinance outfit in Cambodia to use the proceeds to fund acquisitions of microfinance firms in emerging markets such as Brazil and India, a Bloomberg news report said.

Following are the excerpts from an interview Mirror Business conducted with Sajith Simon, SAP Head – General Business, India Subcontinent, at SAP India (Pvt.) Ltd, on the enterprise software giant’s operations in Sri Lanka and its future plans fo

The government may raise some taxes to compensate the loss of tax revenue stemming from the sweeping tax cuts announced about three weeks ago aiming to stimulate economic growth, according to ICRA Lanka, the local arm of credit rating agency Moody’

In what could be termed as a crucial finding, only 3 percent of the population involved in Sri Lanka’s agricultural sector have a degree-level education or any form of tertiary education and the majority in the trade has completed schooling only up

Legendary investor and former chief of the Franklin Templeton Emerging Markets Fund, Dr. Mark Mobius, met with Prime Minister’s Senior Advisor on Economic Affairs Ajith Nivard Cabraal, at the Office of the Prime Minister, Temple Trees, yesterday. D

Transparency International Sri Lanka (TISL) yesterday revealed that while efforts are being taken to curb corruption in Sri Lanka, the lack of awareness on the mechanism to report the same remains a major obstacle to development and requires urgent

The Colombo Stock Exchange (CSE) has suspended the trading activities of equities broker Bartleet Religare Securities (Pvt.) Ltd (BMS), for one day.