SriLankan Airlines yesterday said it is not allowing older generation 15-inch Apple MacBook Pro units on their planes over fire safety risk. Apple has determined that, in a limited number of older generation 15-inch MacBook

The Japan International Cooperation Agency (JICA) will provide technical assistance to strengthen the Gender Action Plan (GAP) for Colombo Light Rail, towards making it the first woman-friendly public transport system in Sri Lanka. The Memorandum fo

(LONDON) AFP: British American Tobacco (BAT) yesterday said it planned to cut 2,300 jobs globally by January as its new boss seeks to drive revenues in controversial e-cigarettes. “My goal is to oversee a step change in new category growth and sign

Hyundai Motor Company has announced Abans Auto as the authorised distributor for Sri Lanka. As the authorised

Responding to a recent newspaper article where it was suggested to introduce a minimum export price (MEP) for Sri Lankan cinnamon to prevent unhealthy competition, the management committee of the Spices & Allied Products Producers’ & Traders’ Ass

REUTERS: Sri Lanka’s rupee closed flat yesterday, with foreign outflows from government securities showing a declining trend, while equities ended a tad firmer. The rupee ended flat at 180.25/45 per dollar ahead of a long weekend. The currency gain

There will be no Mirror Business tomorrow in view of today’s Poya holiday. The next issue will be on Monday (16).

As Sri Lanka is in the midst of making a transition to the upper-middle-income status, the Asian Development Bank (ADB) this week asserted that focus on women entrepreneurship is becoming increasin

(London) REUTERS: The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound (US $ 39 billion) takeover of the London Stock Exchange, it said yesterday, just weeks after the London bourse announced a plan to merge with data compan

With elections nearing, a leading economist painted gloomy economic prospects for Sri Lanka, saying that the country is faced with a choice between the devil and the deep blue sea after the current dispensation missed once in a generation opportunity

(Washington) AFP: President Donald Trump wants US “interest rates down to ZERO, or less,” he tweeted yesterday amid widespread expectations that the Federal Reserve will cut rates later this month.

The Singaporean unit of the French landing gear company, Safran Landing Systems, has bagged a contract to renovate the landing gear of six A330-200 aircraft of the national carrier, SriLankan Airlines. The Cabinet Office yeste

(Colombo) REUTERS: Sri Lanka’s rupee closed a tad firmer yesterday with foreign outflows from government securities showing a declining trend, while stocks ended steady. The rupee ended 0.03 percent firmer at 180.25/45 per dollar. It closed at 180

Sri Lanka’s private sector, which has been repeatedly affected in recent times due to lack of stability in the operating environment, presented their ‘wish list’ for the next political leadership yesterda

Prime Minister Ranil Wickremesinghe yesterday launched the construction work of the elevated highway, which is to be constructed from the New Kelani Bridge to Colombo Port City. The construction of 5.9 km Port Access Road and related facilities will

Considering the important role government activities play in an economy, the need for effective public financial management, which is built on trustworthiness of accountants, cannot be overlooked if a nation strives to achieve economic prosperity.

The Sri Lanka Tourism Promotion Bureau (SLTPB) plans to call tenders for a fresh Rs.1.3 billion multi-country marketing campaign next week targeting 12 key source markets of Sri Lanka tourism.

The Central Bank plans to issue lending caps for banks with timelines this week. “We have already made some calculations. The Monetary Board is meeting this week and will consider the proposed caps and timelines. Hopefully, we will be able to issue

(Colombo) REUTERS: Sri Lanka’s rupee closed stronger for a second day yesterday, after foreign outflows from government securities showed a declining trend, while stocks too ended higher.

Sri Lanka’s second largest private bank by assets, Hatton National Bank PLC (HNB) said it successfully raised Rs.10 billion via a listed debenture issue. HNB in September last year, announced plans to issue 50 million BASEL III-compliant, Tier II

Japan’s Sugano Packing Material Co. Ltd is to invest US $ 7.5 million to set up a manufacturing plant to make flexible polythene packaging for Sri Lanka’s tea industry and other sectors. The manufacturing plant, to be located in Ja-Ela, will prod

MTD Walkers PLC, a construction company mired in losses, yesterday told the Colombo Stock Exchange businessman Ravi Wijeratne, one-time director of the company, has agreed to buy the controlling stake held by the firm’s Malaysian parent. A stock e

The tea exporters recently complained that the decline in trade finance in the Sri Lankan banking sector restricts tea exports to key traditional markets while hindering the efforts by the exporters to penetrate into new markets. “Due to various r

Sri Lanka’s largest brewer, Lion Brewery Ceylon PLC, has entered Fiji with its complete Lion range consisting of Lion Lager, Lion Stout, Lion Strong and Lion Extra Strong. A company statement said the products would be available across leading bars

Sri Lanka’s rupee closed higher yesterday from its lowest level in more than seven months hit in the previous session after foreign fund outflows from government securities showed a declining trend, wh

(Singapore) REUTERS: Uncertainties surrounding the global economy, a prolonged trade war between the United States and China and increasing US supplies are expected to weigh on oil prices this year, executives at a key industry conference said yester

Sri Lanka’s tile and bathware market leader Royal Ceramics Lanka PLC yesterday announced the amalgamation of Royal Porcelain (Pvt.) Ltd, a fully-owned subsidiary of the firm.

ME Colombo, standing as the only design concept hotel in Colombo, with a mesmerising view of Colombo’s skyline, boasts high-end atmospheric offerings along with understated elegance and refined luxury,

Prime Minister Ranil Wickremesinghe inaugurated the Enterprise Sri Lanka exhibition in Jaffna on Saturday. Finance Minister Mangala Samaraweera, State Minister Wijeyakala Maheshwaran, TNA MPs M. A. Sumanthiran, Mawai Senathirajah and Dharamalingam Si

Privately held Danish water pump giant Grundfos has reported continued momentum and sales growth in most markets with Western Europe, China, and the global service business as the main contributors.