Scientific breakthroughs in a broad spectrum of fields, including genetics, artificial intelligence, nanotechnology and 3D printing, are feeding into innovations that are redefining the way people reproduce, grow food, live, work and interact with ea

According to Oracle Cloud Vice President Steve Daheb, Oracle OpenWorld 2019 in San Francisco this September was all about integration. Oracle is now aggressively integrating the AI and highly disruptive autonomous capabilities it has built over the y

Following is the full speech made by The Tourist Hotels Association of Sri Lanka (THASL) President Sanath Ukwatte, at the association’s 54th anniversary Annual General Meeting (AGM), held in Colombo, on October 23.

Emirates President Sir Tim Clark, who spoke passionately about Sri Lanka’s tourism potential, last week, also proposed a model for the country’s national carrier, SriLankan Airlines, that may help the

Sri Lankan businesses were last week promised of key concessions including debt moratoriums, lower interest rates, sweeping CRIB reforms and State-backed financial aid if Sri Lanka Podujana Peramuna (SLPP) candidate Gotabaya Rajapaksa is elected pres

Moody’s Analytics Knowledge Services Lanka (Pvt) Ltd. has signed a supplementary agreement with the Board of Investment (BOI) to expand its IT-enabled services. The expansion project will provide IT-enabled research and analysis services for expor

Vistara, India’s full-service carrier and a joint venture of Tata Sons and Singapore Airlines will begin daily direct flights (except Wednesday) to Colombo from Mumbai from November 25 onwards, making it

Lanka IOC PLC reported improved performance for the three months ended September 30, 2019 (2Q20) from the losses in the previous quarter, as oil prices eased somewhat in the world market due to concerns over slowing global economy. The local unit o

John Keells Hotels PLC continued to remain in red for the second quarter in a row in September amid aftershocks of Easter attacks and the closure of few resort hotels in Sri Lanka and Maldives for refurbishments. As one of the larg

According to the Election Commission chairman, the presidential election results will be officially announced only on November 18. The writer is of the view that the probable outcome would be known to the people by early hours of November 17 itself,

FRANKFURT AM MAIN (AFP) - German shoppers are heading into November feeling gloomy with consumer morale hitting a three-year low on fears the country could tip into recession, a forward-looking monthly survey said Thursday.

MUMBAI (AFP) - India’s beleaguered telecom companies were dealt a blow yday after being told to pay a whopping US$ 13 billion bill, though boosting Asia’s richest tycoon Mukesh Ambani who has shaken up the sector with his low-cost deals.

Germany (Reuters) - BMW has told United States trade representatives, including Robert Lighthizer, that intensifying a global trade war could threaten jobs in South Carolina, Chief Executive Oliver Zipse said yesterday.

BANGKOK (AFP) - A consortium led by Thailand’s largest conglomerate CP Group on Thursday signed a US$7.4 billion deal to build a high-speed railway connecting three airports, the spine of an infrastructure scheme set to transform the southern coast

COLOMBO (Reuters) - Banking and beverage stocks pushed Sri Lankan shares to a near 11-week peak yesterday after one of the presidential front-runners released his policy manifesto, while the rupee closed tad weaker.

SAN FRANCISCO (AFP) - Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades.

HONG KONG (AFP) - Sterling extended losses yesterday owing to renewed Brexit uncertainty after Boris Johnson proposed a general election to resolve the long-running saga, while Asian markets were mixed after a broadly positive week.

The officials and stakeholders of the tourism industry visited the Jaffna International Airport to explore future tourism opportunities with Tourism Development Minister last week.

The Galadari Colombo triumphed at the recently concluded Culinary Art Food Expo 2019 which is organized by Chefs Guild of Lanka with the support of the World Association of Chefs Societies during the Food EXPO held at the BMICH recently.

Showing his fondness for Sri Lanka in abundance by declaring the island nation his second home, Emirates President Sir Tim Clark this week advised Sri Lankan policy makers to “think big and think bold,” to drive the country’s tourism industry f

(Manila) AFP: Tens of thousands of pieces of plastic littering the planet come from just a handful of multinational corporations, an environmental pressure group said Wednesday. Coca-Cola, Nestle and PepsiCo were named b

Sanken Constriction (Pvt.) Ltd. has entered an investment agreement worth US$ 9.28mn with the Board of Investment (BOI) to build a 122-room one-star business hotel in Colombo. “We will be building a 112-room business hotel in the one-star category,

Sri Lanka remains stagnant in the World Bank (WB) Group’s Doing Business Index 2020, making a marginal improvement by one place to 99th position among 190 economies, as the business regulatory reform process came into a grinding halt during the rev

Keells Food Products PLC (KFP), the processed food maker of John Keells group, reported lower profits for the quarter ended September 30, 2019 (2Q20), despite gains at the top line level, signaling somewhat improved consumer sentiment. KFP, the manuf

(Colombo) REUTERS: Sri Lankan shares and the rupee gained yesterday, with investors waiting for policy manifestos of the two front-runners in next month’s presidential poll. Former defence chief Gotabaya Rajapaksa and Housing Minister Sajith Prema

Ending the long declining streak in earnings, Chevron Lubricants Lanka PLC yesterday reported some solid top and bottom line performance for the quarter ended September 30, 2019 (3Q19) as the fortunes of the market leader in lubricant sales appeared

(Singapore) AFP: A Singapore restaurant yesterday suspended a bizarre promotional stunt where customers use an arcade-style machine with a mechanical claw to catch live crabs after it sparked uproar online.

Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday announced plans to launch a Rs.100 million promotional campaign on a selected German TV channel within the next two months in an attempt to lure more German tourists to the country.

The Central Bank yesterday said it has given notice of cancellation of the license issued to the liquidity-hit The Finance Company PLC (TFC) with effect from October 23, 2019, to safeguard the interests of depositors and other creditors.

Swisstek (Ceylon) PLC has secured a US$4.5 million contract for the supply and installation of solid wood flooring for the John Keells Holdings’ Cinnamon Life project, which is the single largest ever timber flooring project to be awarded in the c