The emphatic win by former Defence Secretary Gotabaya Rajapaksa at the presidential elections held in Sri Lanka on November 16 could herald in a new era for the strategically-placed South Asian island that could be modelled on the successful economic

Indira Malwatte yesterday announced her resignation as the head of the Export Development Board (EDB), ending over a four-year stint.

Shares jumped to their highest in more than a year in heavy volume, while the rupee rose to a two-and-half month high yesterday, after former wartime defence chief Gotabaya Rajapaksa won the presidency by a big margin.

Nations Trust Bank PLC (NTB) reported improved earnings for the September quarter (3Q19) amid a reduction in provisions made for possible bad loans, the interim financial accounts released to the Colombo bourse showed.

Newly-elected President Gotabaya Rajapaksa was yesterday urged to give special attention to resurrecting Sri Lanka’s ailing industrial sector through empowering micro, small and medium enterprises (MSMEs).

The Chamber of Young Lankan Entrepreneurs (COYLE) yesterday congratulated the newly-elected president Gotabaya Rajapaksa on his appointment as the seventh Executive President of Sri Lanka.

On September 26, 2019, the Sports Ministry declared eSports as a national sport, making Sri Lanka the first South Asian country to officially recognise competitive playing of video games as a sport.

The Ceylon Motor Traders Association (CMTA) seeks firm legal actions from the Sri Lanka Customs (SLC) and Finance Ministry against an alleged Rs.160 million import duty fraud committed in importing 13 Audi A5 motor vehicles by a particular vehicle im

Due to the resignation of Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Kishu Gomes last Friday, Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga has appointed Sri Lanka Tourism Development Authority Chairm

Colombo’s movie theatre experience just got a whole lot bigger and better with India’s largest and most premium film exhibition company, PVR Cinemas, having unveiled its newest facility at One Galle Face Mall.

Ever since Homo erectus carved a piece of stone into a tool, the welfare of our species has been on the increase. Indeed, this technological breakthrough led first to the hand axe and eventually to the iPhone. We have found it convenient to organise

Capital market analysts expect the Colombo bourse to climb upward in the short to medium-term following the fairly convincing win of Sri Lanka Podujana Peramuna (SLPP) presidential candidate Gotabaya Rajapaksa, who appeared to be the preferred choice

Hemas Holdings PLC showed signs of recovery across its business segments in the second quarter (2Q20) from the aftershock it felt during the first quarter from the Easter Sunday attacks, but its bottom line reached nowhere near pre-attack era levels

Revenues and profits rose at Sri Lanka Telecom PLC (SLT) during the three months to September 30, 2019 (3Q19), but the rise in borrowings in view of capital-heavy investments to stay in line with the technological trends is expected to weigh on the g

Finance Minister Mangala Samaraweera yesterday announced his resignation following the defeat of New Democratic Front (NDF) candidate Sajith Premadasa in the 2019 presidential race.

Diversified conglomerate Softlogic PLC reported depressed results for the period ended September 2019 (2Q20) amid sluggish consumer demand, fall in tourist arrivals and higher finance costs.

Sri Lanka’s export earnings in the first nine months of 2019 rose only by 1 percent from a year ago to US$ 8.9 billion. However, the trade gap had narrowed significantly due to the slowdown in imports, the latest data released by the Central Bank s

Commercial Bank of Ceylon PLC recorded an increase in earnings during the quarter ended September 30, 2019 (3Q19) amid relatively healthy top line performance and decrease in provisions made for possible bad loans.

The South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce recently hosted a conference on ‘Regional Economic Integration: A Catalyst for Socioeconomic Prosperity in South Asia’. I welcomed this timely forum.

Technological innovation has become our today, tomorrow and future. It is seen to have an irreversible impact on all spheres across the board from medical science to banking and all in-between. The most concerning is the use of technology to develop

Sri Lanka was readmitted as a beneficiary of the European Union (EU) Generalised Scheme of Preferences in mid-May 2017 with the new GSP Plus enabling duty free access to the EU market, constituting 28 countries, on 66 percent of the EU tariff lines f

Nagavara Ramarao Narayana Murthy (born August 20, 1946) is an Indian IT industrialist and co-founder of Infosys, a multinational corporation providing business consulting, technology, engineering and outsourcing services. Murthy studied electrical en

Sri Lanka recently secured the largest ever FDI worth US$ 24 billion for the establishment of Hambantota Oil Refinery (Private) Ltd. Picture shows Finance Minister Mangala Samaraweera and Development Strategies and International Trade Minister Malik

MUMBAI (AFP) - Consumer spending in India has slumped for the first time in four decades, a leading business daily reported yesterday, bringing more bad news for Prime Minister Narendra Modi as he struggles to revive a stuttering economy. Consumer de

The benchmark stock index ends 0.72 firmer at 6,023.02 Foreign investors remain net sellers of riskier assets for seventh straight session REUTERS - Sri Lankan shares rose yesterday, touching their two-week high as investors picked up shares of bever

WASHINGTON (Reuters) - Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25 percent tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week. Trump wa

LONDON (AFP) - Britain’s main opposition Labour party yesterday promised free, fast broadband internet for everyone, in an eye-catching pledge for next month’s election. Following on from promises t

DUBAI (AFP) - As investors weigh up the value of Saudi energy colossus Aramco ahead of its IPO next month, the global drive to contain climate change and waning demand for fossil fuels are seen as key risks. The world’s largest hydrocarbo

HONG KONG (AFP) - Chinese technology giant Alibaba yesterday confirmed plans to list in Hong Kong in what it called a US$ 13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global. The enormous IPO,