(Colombo) REUTERS: Sri Lanka’s stocks fell for the fifth straight session yesterday to a more than 10-week closing low, as foreign investors sold the island nation’s risky assets, while the rupee closed lower.

As the Redwood City, California-based computer technology firm Oracle Corp. is aggressively expanding its autonomous product offering with its Co-founder, Executive Chairman and Chief Technology Officer Larry Ellison announcing a Linux-based autonomo

Marketing and finance are fundamental departments at any organisation. But usually they operate on their own without any connection to one another. While those in finance are often stereotyped, many business analysts believe that this disconnect is u

The rent-seeking nature of Sri Lanka’s public sector is blamed for the failure to fully implement the key e-government initiatives, including the Electronic Government Procurement (e-GP) System aimed at enhancing the efficiency and cutting wastage

John Keells Properties yesterday announced a major milestone in Colombo’s landmark development project Cinnamon Life, sharing that the office tower of the complex will officially open for business in early 2020.

Sri Lanka’s electricity sector is in the midst of embarking on a massive technological advancement journey with the Ceylon Electricity Board (CEB) looking to expand its smart metering pilot project, after a successful test run carried out at two lo

THOMSON REUTERS FOUNDATION: Consumer goods giant Unilever released a list of its global tea suppliers on Thursday, bolstering a drive to stamp out worker exploitation and modern-day slavery on plantations.

Access Engineering PLC yesterday said it has fully acquired a privately-held logistics firm W.U.S. Logistics (Pvt.) Ltd, for Rs.925 million.

Sri Lanka has placed orders for alternative onion imports as India, the world’s biggest onion seller, banned exports after the extended monsoon downpours delayed harvests and supplies shrivelled.

The government has decided to issue licence to allow foreign carriers to operate commercial flights between internal airports.

(Colombo) REUTERS: Sri Lanka’s stocks fell for the fourth straight session yesterday to a 10-week closing low, while the rupee closed higher.

The National Chamber of Exporters (NCC) conducted the Export Vision 2030 Forum, at Marino Beach Hotel, Colombo 3, recently.

The performance of the Sri Lankan economy has been highly erratic during the period 2006-2018. A plot of GDP growth versus time for this period yields an inverse relationship despite strong growth in some years. As reported in the Daily Mirror (July

The 12th South Asia Economic Summit (SAES XII), organised by the Institute of Policy Studies of Sri Lanka (IPS) on September 26 and 27, 2019, in Colombo, brought to light several key opportunities and challenges facing the South Asian region in the n

The government will appoint an independent expert committee to probe the mysterious deaths of seven elephants in Habarana effective from October 1 in addition to the investigations carried out by the Department of

Sri Lanka’s IT industry experts recently emphasised on the adoption of an overarching digital policy framework to avert confusion and potential policy contradictions as a number of digital related draft polici

Sri Lanka’s inflation as measured by the Colombo Consumer Price Index (CCPI) recorded a sharp increase in September from a year ago, as the prices of food items rose notably while the base effects too contributed adversely.

(London) REUTERS: The European Investment Bank on Tuesday kicked off the first major bond sale linked to the euro zone’s new market interest rate ESTR, investment banks managing the deal said. The deal from the EIB, the Euro

(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday, following continued demand from importers and banks, while equities ended lower for the third straight session. The rupee ended 0.11 percent weaker at 182.20/40 per dollar compared to Mo

Janashakthi PLC, the investment arm of Schaffter family, yesterday said its director board gave approval to amalgamate with its subsidiary, Dunamis Capital PLC, subject to shareholder approval.

(Colombo) REUTERS: A court in Sri Lanka set up a three-judge panel yesterday to hear a petition challenging the citizenship of presidential nominee Gotabaya Rajapaksa, which could disqualify the hardline former defence chief from the November 16 vote

The Central Bank yesterday disputed Moody’s Investors Service’s claim that the recently announced lending rate cut was credit negative for banks and said the rating agency had not taken into account the complete information set to arrive at its c

Although global value chains (GVCs) have offered developing countries with opportunities to integrate into the global economy, the delays in the World Trade Organisation’s (WTO) reform agenda have hindered the wider participation of small and devel

While affirming Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable outlook, Fitch Ratings warned of policy slippage risks and resurfacing of political tensions closer to the elections, amid an expanded budge

As the Fourth Industrial Revolution (4IR) is set to disrupt Sri Lanka’s major business sectors, including the apparel industry over the next five-year period, a leading academic asserted that formulation of a roadmap to face the disruptions from th

Sri Lanka’s oldest and leading underwater services and salvage company, Master Divers (Pvt.) Ltd, plans to venture into bonded warehousing and other logistics services during the next five years, aiming to offer more turnkey and value-added service

Disruption and innovation are closely interlinked phenomena, which are coalescing at this critical juncture in time when the established world order is becoming increasingly under strain and unpredictable. It is therefore essential that Sri Lankan le

Much has been talked about and discussed about Sri Lanka’s tourism boom and the impending human resource shortfall that the industry will have to face.

Former Army Commander General Mahesh Senanayake was yesterday named as the Presidential Candidate of the National People’s Movement and People’s Forum Organization.

Hayleys PLC showed exemplary corporate leadership by investing over Rs.2.3 billion across the group, following the tragic events of Easter Sunday, reiterating the confidence in the country’s potential.