The Presidential Secretariat yesterday invited experienced professionals to submit expressions of interest (EOIs) to be considered for appointment as chairpersons and board members of state-owned enterprises, regulatory bodies and other statutory ins

The controversial Millennium Challenge Corporation (MCC) Compact, which caused a huge uproar particularly prior to the recently concluded presidential election, would be soon launched in Sri Lanka, according a top US State Department official.

NDB Investment Bank (NDBIB), acting as the sole financial advisor and manager, has successfully completed the initial public offering (IPO) of Maldives Islamic Bank PLC (MIB), the only fully-fledged Islamic Bank in the archipelago.

Fitch Ratings is of the view that the new government will not adopt a cost-reflective tariff structure for electricity ahead of the key elections scheduled for next year.

(Colombo) REUTERS: Sri Lankan shares recovered yesterday from a more than one-week closing low in the previous session, as investors picked up beverage and manufacturing shares.

ACL Cables PLC yesterday said it entered into a sales and purchase agreement to acquire 51 percent of Cable Solutions (Pvt) Ltd for Rs.480.7 million subject to conditions.

(London) AFP: London’s transport authority on Monday refused to renew an operating licence for ride-hailing giant Uber -- and blamed “unacceptable” safety risks for passengers.

Sunil has been employed in South Korea for the last three and a half years, working for a small and medium enterprise (SME) manufacturing automobile parts, in the industrial town of Ansan, in the outskirts of Seoul. He earns KRW 2.5 million or Rs.400

Newly-elected President Gotabaya Rajapaksa says he wants to renegotiate the deal with the Chinese on the Hambantota Port, which is strategically located near one of the world’s busiest shipping lanes with tens of thousands ships passing by a year.

The new government under President Gotabaya Rajapaksa will come up with new laws to clear public officials from prosecution due to the lapses made by them while executing decisions made in good faith to carry out government policy, Prime Minister and

Sri Lanka’s MAC Holdings plans to venture into freeport operations by investing over US $ 5 million to set up a freeport facility in the Katunayake Free Trade Zone, adjoining Bandaranaike International Airport.

(Colombo) REUTERS: Sri Lanka’s Central Bank chief Indrajit Coomaraswamy said yesterday he was resigning and would step down on December 20, citing personal reasons and the age limit for staff of regulated entities.

A third rate cut for this year, despite forecasting to the contrary prior to the recently concluded presidential election, was not ruled out by First Capital Research, the research arm of a leading Colombo-based investment bank.

Troubled The Finance PLC (TFC) yesterday informed the Colombo Stock Exchange that the company has been approached by three interested parties to consider an investment in the finance firm, if a banking licence could be obtained.

(Colombo) REUTERS: Sri Lankan shares closed at a more than one-week low yesterday on profit-taking in banking and beverage shares, while the rupee ended weaker as investors awaited for some policy direction and clarity over the country’s newly-elec

In January this year, an iron curtain had descended to end Gotabaya Rajapaksa’s elusive dream to become the seventh president of Sri Lanka. Then several legal battles threatened to put the final full stop to his political ambition to be the preside

‘Is it safe now?’ This is something I repeatedly heard from people when they found out that I really wanted to visit Sri Lanka, particularly after the Easter bombings. But I’d wanted to travel to Sri Lanka for years, ever since a traveller frie

Sri Lanka’s train service will be further boosted with the arrival of eight new train sets next month.

Sri Lanka’s ceramic industry is seeking the support of the new government to locally source raw materials for high value-added exports amid the country’s only refined kaolin production plant being recently shut down amidst lack of clarity in poli

The government has appointed a four-member selection board to screen the persons nominated by ministers to head state enterprises operating under them.

Top economist and Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon will deliver the 23rd Annual Oration on Taxation, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), on Dec

(London) REUTERS: British Prime Minister Boris Johnson will promise to bring his Brexit deal back to parliament before Christmas when he launches his Conservative Party’s manifesto yesterday, the cornerstone of his pitch to voters to “get Brexit

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of Add to Bill (Direct Carrier Billing) Services with Google, to make it easier for users to purchase apps, games, digital content, in-game/in-app purchases, movies,

(Dubai) REUTERS: Saudi Aramco met investors in Dubai yesterday to market its initial public offering (IPO), after trying to secure demand from Kuwait’s sovereign wealth fund for the deal, worth up to US $ 25.6 billion, which relies heavily on local

The decision to limit the Cabinet to 15 (and sans the entourage of deputies and state ministers), be it motivated by legislation or the new leadership, is certainly a step in the right direction.

No-one seems to know precisely how many business enterprises the government owns. Official government figures suggest 55 businesses, but these are only those which are considered to be strategic.

Sir Li Ka-Shing was born in Chaozhou, China, in 1928, to Teochew parents. While Li was still at elementary school, Japan invaded China. Chaozhou was bombed; the family fled to Hong Kong, then a British colony.

JOHANNESBURG (Reuters) - South African Airways (SAA) signed a deal yesterdayday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9 percent pay rise backdated to April.

Prima Ceylon (Private) Ltd stated that, as the newly elected President of Sri Lanka is making the best effort to bring the Sri Lankan economy back on to a strong recovery path, whilst addressing many challenges, it will assist the President’s endea

LONDON (AFP) - Plans by Britain’s Labour party to nationalise key industries would reverse a business trend begun by Margaret Thatcher in the 1980s, while it proposes state spending not seen since the 1970s.