The new government has delayed Sri Lanka’s maiden US$ 500 million (60 billion yen) 10-year Samurai bond issuance, which was scheduled this month.

Sri Lanka’s Credit Information Bureau (CRIB) plans to release credit scores of banked citizens from January onwards.

The Monetary Board of the Central Bank of Sri Lanka has decided to revoke the suspension of licensed primary dealer NatWealth Securities Limited.

Today, the world over, airports, ports, roads, power plants, railways, etc. are being operated by the private sector and/or through public-private partnerships.

Even in today’s glum economic climate, the average American is seven times as prosperous as the average Mexican, about 20 times as prosperous as the average person of sub-Saharan Africa and about 40 times as prosperous as the average citizen of an

Lumbini, the Mecca of Buddhist pilgrims, is a frequently visited pilgrimage site as it signifies the birthplace of Gautama Buddha. While the site attracts close to 1.5 million tourists all year round, just last year, it has been frequented by approxi

Carlos Slim Helu is a multi-billionaire investor and philanthropist. He has been given the title the wealthiest man in the world by the Forbes magazine numerous times and currently owns well over 200 businesses worldwide.

Keheliya Rambukwella yesterday assumed duties as Investment Promotion State Minister, at the ministry premises at the World Trade Centre, in the presence of International Relations State Minister Susil Premajayantha and Industrial Export and Investme

As expected, the Central Bank (CB) maintained policy rates at current levels, mainly due to the recent developments on the fiscal front, which includes the recently introduced fiscal stimulus by the new government. “Even before the fiscal stimulus

Sri Lanka Chamber of Small and Medium Industries (SLCSMI) President Rohan De Silva on behalf of all the members of the chamber conveyed his heartiest congratulations to President Gotabaya Rajapaksa on his be

(HONG KONG) AFP: Asian markets fell yesterday as investors wound down for the end of the month, while awaiting news of progress on China-US trade talks but with optimism tainted by the row over Hong Kong. Donald Trump’s decision to

(Berlin) REUTERS: Germany set out plans yesterday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology. The finalised industrial strategy

(Colombo) REUTERS: Sri Lankan shares closed at a 17-month high yesterday, helped by positive sentiment surrounding tax cuts by the country’s new government, while the rupee ended a tad weaker. The government said on Wedne

(London) REUTERS: Oil prices dipped yesterday in muted activity because of the U.S. Thanksgiving holiday while OPEC watchers expect an extension to a pact to throttle oil output but no deeper cuts to be agr

(New Delhi) REUTERS: India’s annual economic growth slowed to 4.5 percent in the July-September quarter, its weakest pace since 2013, making an interest rate cut more likely when the central bank meets next week. The gross do

John Keells Properties has successfully concluded a series of international roadshows to promote its two upcoming residential projects, TRI-ZEN and Cinnamon Life, among foreign investors and Sri Lankan’s living overseas.

International rating agency, Moody’s Investors Service, yesterday said the sweeping tax cuts announced by Sri Lanka’s new government headed by President Gotabaya Rajapaksa is credit negative amid increased risks stemming from potentially weak gov

The President’s Media Division yesterday said a six-member committee headed by former Secretary to the Cabinet of Ministers Sumith Abeysinghe has been appointed to select suitable professionals to lead State enterprises and regulatory and statutory

Sri Lanka’s hospitality industry yesterday welcomed the Cabinet decision to recognise the industry under exports while calling for a complete revamp of the country’s tourism office to launch the long-delayed tourism promotional campaigns to suppo

NEW DELHI (Reuters) - India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10 percent of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned

The overall effective tax rate on banking and finance companies will be reduced by 9 percent to 43 percent from 52 percent with the removal of Debt Repayment Levy and Nation Building Tax (NBT), according to Colombo-based equities broker, SC Securiti

(Colombo) REUTERS: Sri Lankan shares and rupee ended higher yesterday, a day after the government said it has decided to reduce value-added tax to 8 percent from 15 percent with effect from December 1, along with plans to abolish some other taxes as

Fitch Ratings expects Lion Brewery (Ceylon) PLC sales to increase by 12 percent in FY20 driven by relatively resilient demand for strong beer among local consumers, even though weak tourist arrivals are likely to impact mild beer sales.

Accounting to 0.03 percent of the world’s land mass, Nepal is situated at a very important location, bordering India and China.

Roadside billboards and high-rise hotels are banned on Spain’s holiday island of Lanzarote - a legacy of visionary artist Caesar Manrique, whose birth a century ago is being celebrated this year.

The Sri Lankan delegation secured the second place overall at Asia Pacific ICT Alliance (APICTA) Awards 2019, held from November 19 to 22, 2019, at Ha Long Bay, Vietnam. The APICTA is an alliance of

The appetite for investments in technology and automation is lacking in Sri Lanka because it still has relatively cheap labour compared to some of the regional peers, according to an industrialist. MAS Kreeda CEO/Managing Director Sarinda Unamboowe

Sri Lanka’s newly-appointed government yesterday introduced a wide range of tax cuts to support the local businesses and domestic production while revealing plans to discourage agricultural imports to the country with import substitution. The Cabi

Recognising companies for sustainability and corporate excellence, Best Corporate Citizen Sustainability (BCCS) Awards 2019 will be held this evening at Cinnamon Grand, Colombo. Hosted by the Ceylon Chamber of Commerce (CCC) for the 16th consecutive

The Central Bank yesterday said it had not been submitted any information regarding any potential investors who were considering investments in the troubled The Finance Company PLC (TFC).