Issuing a statement, the American Chamber of Commerce (AmCham) in Sri Lanka has congratulated Gotabaya Rajapaksa on being elected as the seventh Executive President of Sri Lanka.

HONG KONG (AFP) - Asian markets mostly rose yesterday as a sense of optimism returned to trading floors after a report said China’s point man on the US tariffs talks had offered to host a meeting to help push through their crucial mini pact.

FRANKFURT AM MAIN (AFP) - Christine Lagarde yesterday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.

BEIJING (AFP) - President Xi Jinping said yesterday that China wants to reach an initial trade deal with the United States but is “not afraid” to fight back when necessary and will enact economic reforms at its own pace.

Sri Lankan shares closed lower yesterday, slipping from a more than one-year high hit earlier in the week, while the rupee ended weaker as investors awaited the newly elected leader’s economic policies.

COLOMBO (Reuters): Mahinda Rajapaksa, the current Prime Minister, as the interim government’s new Finance Minister, State television showed in a live telecast yesterday.

(Colombo) REUTERS : Sri Lanka’s newly elected president Gotabaya Rajapaksa yesterday swore in his elder brother, former president Mahinda Rajapaksa, as Prime Minister, cementing the powerful family’s political comeback.

The Central Bank yesterday rubbished a statement issued by Fitch Ratings on the outcome of Sri Lanka’s presidential election, saying that the contents of it were “purely based on loose assumptions” and “very much at variance with the actual m

The Central Bank (CB) yesterday cautioned the public to beware of financial frauds and scams being operated through social media and Internet-based applications and to refrain from sharing confidential information such as bank passwords and PINs with

Entrepreneur and business and technology specialist Oshada Senanayake yesterday assumed duties as new Director General of the Telecommunications and Regulatory Commission of Sri Lanka (TRCSL). Addressing the TRCSL staff after assuming duties, Senanay

A Sri Lanka Tourism Development Authority (SLTDA) statement yesterday said Johanne Jayaratne tendered his resignation from the position of SLTDA Chairman and Acting Chairman of Sri Lanka Tourism Promotion Bureau (SLTPB).

Headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 5.6 percent in October 2019 from 5.0 percent in September 2019.

(Washington) AFP: US central bankers last month dismissed the idea of taking interest rates into negative territory, something President Donald Trump has called for many times, according to meeting minutes released Wednesday.

(Colombo) REUTERS: Sri Lankan shares ended largely unchanged yesterday, hovering near a more than one-year high hit earlier this week, while the rupee ended weaker as investors awaited policies from the newly elected government.

President Mohammad Ashraf Ghani was one of the first leaders in the region to send a message of congratulations to President Gotabaya Rajapaksa, following his recent electoral victory and assumption of official duties as the seventh Executive Preside

(Polonnaruwa) REUTERS: Amid the lush paddy fields of central Sri Lanka, a large, state-of-the-art hospital rises between the cranes and cement mixers.

The new Treasury Secretary and Finance Ministry Secretary S.R. Attygalle yesterday pledged to rebuild the lost honour and glory of the Treasury, working efficiently and progressively with the newly-elected President Gotabaya Rajapaksa.

The Hotels Association of Sri Lanka (THASL) yesterday congratulated President Gotabaya Rajapaksa on his successful election as the seventh Executive President of Sri Lanka and sought his fullest support to revive the crisis-hit industry.

The United Nations Children’s Fund (UNICEF), as it celebrated 30 years of the United Nations Convention on the Rights of the Child (UNCRC), yesterday called on the local business community to partner with the agency in the journey towards ensuring

Sri Lanka’s largest weft knitted fabric manufacturer, Ocean Lanka (Pvt.) Ltd, plans to expand its operations to synthetic fabric manufacturing with the support of its minority shareholder, Brandix.

(Colombo) REUTERS: Sri Lankan shares ended marginally lower yesterday from their highest level in more than a year hit in the previous session, as investors booked profits after a post-election rally, while the rupee rose to a nearly three-month peak

Sri Lanka is likely to miss the tea production and export targets set for the year as tea output sharply declined in October due to extreme weather conditions, although the demand for quality Ceylon Teas continue to rise at the Colombo Tea Auction dr

President Gotabaya Rajapaksa yesterday made several key appointments in his new administration.

Diversified conglomerate Sunshine Holdings PLC saw its September quarter (2Q20) earnings surging amid decline in sales costs and a strong healthcare sector performance, the interim financial accounts released to the Colombo Stock Exchange showed.

Dilmah Founder Merrill J. Fernando accepted the Australian consumer award for Product of the Year for Dilmah’s Natural Infusions last week in Sydney.

Kishu Gomes has joined Dreamron Group of Companies this week as Group CEO and Group Director, after bidding farewell to Sri Lanka Tourism.

Board of Investment (BOI) Chairman Mangala Yapa said yesterday that he tendered his resignation with effect from November 18.

REUTERS: Sri Lankan shares hit their highest level in more than a year yesterday, while the rupee rose to a three-month peak, as former wartime defence chief Gotabaya Rajapaksa assumed his presidential duties.

Sri Lanka’s only glass bottle marker, Piramal Glass Ceylon PLC returned to profit during the September quarter (2Q20) amid improved domestic sales following a capacity increase carried out in the first quarter of the financial year.

The election of Gotabhaya Rajapaksa as President of Sri Lanka is expected to launch a new economic cycle for Sri Lanka. A victory margin of 10 percent reflects the confidence in him as an effective leader, who had already delivered peace by winning a