For the first time in Sri Lanka, Microsoft Envision Forum will take place in Colombo on September 11. The inaugural full-day conference is part

Sri Lanka’s tea industry stakeholders were urged to create a common platform quickly to make a paradigm shift to revive the struggling 150-year old industry by committing to the globally recognised Ceylon Tea brand, its core values and its brand pr

India envisions a ‘multipolar Asia’: shared regional leadership where major and minor powers have equal standing in decision-making. This model is based on the rationale that China’s rise in Asia is unbalancing the regional power structure and

The presidential elections are around the corner and it is likely it will be held on Saturday, November 16 or 23. The main issues for public debate at the presidential elections would be national security concerns, economic downturn, further strength

(Kuala Lumpur) REUTERS: Malaysia’s Axiata Group is discussing deals with other parties and considering an initial public offering of its tower business, executives said after announcing the collapse of a planned Asian telecoms deal with Norway’s

Sri Lanka Telecom PLC (SLT) is to carry out a private placement of shares to meet the regulatory minimum public shareholding requirement stipulated by the Colombo Stock Exchange listing rules.

Finance Minister Mangala Samaraweera who is in Jaffna overseeing the implementation of the entrepreneurship loan scheme to young people in the Northern Province yesterday held series of meetings with war-affected people in order to help them make use

Sri Lanka has slumped 13 places to be ranked 77th out of 140 countries in the World Economic Forum’s (WEF) latest Travel & Tourism Competitiveness Report published under the theme of ‘Travel and To

The Sri Lanka Buildcon and Wood International Expo supported by Confederation of Indian Industry (CII) and Ministry of Commerce & Industry of India was inaugurated yesterday by the Minister of Megapolis & Western Development, Patali Champika Ranawaka

HONG KONG (AFP) - Asian markets rose again yesterday as the feel-good factor that fired investors the day before looked set to push into the weekend, fuelled by upbeat data and trade optimism.

The Enterprise Sri Lanka Jaffna exhibition organized by the Ministry of Finance which aims to create entrepreneurs will be declared open by Prime Minister Ranil Wickremesinghe in Jaffna today (September 7).

Sri Lanka’s rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose, while stocks extended losses for the third straight session. The rupee ended weaker at 180.80/181.00 per dollar, its lowest

TOKYO (Reuters) - Nissan Motor Co is considering pulling out of South Korea, the Financial Times reported yesterday, as political and trade tensions between Japan and South Korea have caused sales of Japanes

HONG KONG (AFP) - Hong Kong’s reputation as a dependable financial hub took a hit yesterday after Fitch downgraded the city’s sovereign rating, citing ongoing protests and uncertainty caused by closer integration with the Chinese mainland.

WASHINGTON (AFP) - The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on “trade difficulties” alone, according to figures released this week.

BEIJING (AFP) - China’s central bank announced yesterday it was cutting the reserve requirements for banks, in a bid to boost lending and bolster the slowing economy.

Ahead of the upcoming election cycle, Sri Lanka’s corporate sector leaders stressed on decisive leadership, security, national economic policy, rule of law, increased R&D spending and educational reforms to transform the country to an export-orient

Shermal Fernando has been appointed as Chief Operating Officer (COO) of CIC Holdings PLC with effect from September 1, the company said in a brief media statement yesterday.

The Central Bank (CB) has secured Cabinet approval to appoint lead managers to launch Sri Lanka’s first ever yen-denominated Samurai bond issuance

Cargills Bank PLC recorded a net loss during the period ended in June 30, 2019 (2Q19) as the lender was stung by hefty non-performing loans in a hobbling economy. The bank reported Rs.64.4 million loss or 7 cents per share in negative earnings for t

Sri Lanka must address the fundamental issues in the country’s public sector before moving into a national policy dialogue, Finance State Minister Eran Wickramaratne said.

(Colombo) REUTERS: Outflows from Sri Lanka’s government securities have been settling after the Central Bank’s rate cut last month, the Central Bank’s senior Deputy Governor Nanda

(Colombo) REUTERS: Sri Lanka›s rupee fell further yesterday to close at its lowest level in more than seven months, due to continued foreign fund outflows from government securities after a surprise rate cut last month.

Although liquor licenses were issued to owners of hotels approved by the Tourist Board after 2015 with the intention of developing the tourism industry, none of the current parliamentarians h

Global stock markets seem jittery once again. After substantial rallies during the first half of 2019, stock markets have given back much of their gains over the last two months. Against fears over a global recession, an intensifying trade war betwee

Sri Lanka’s telecommunication industry is now at an interesting juncture. With two existing players merging their operations and the regulator removing the floor price on voice calls, the industry appears to be heading for exciting times. In this b

The education sector or more specifically the higher education sector is big business in Sri Lanka. One need not go far to understand its potential from an entrepreneurial point of view, as the Sunday papers are heavy with the number of special suppl

Marketers have been trying to crack the code of how millennials purchase products. They’re perceived to be a baffling group of individuals whose purchasing decisions are uncanny and random.

Sri Lanka must address the fundamental issues in the country’s public sector before moving into a national policy dialogue, Finance State Minister Eran Wickramaratne said. “I’m convinced no country will rise above without the support of the pub

The Sri Lanka Tourism Development Authority (SLTDA) yesterday officially launched a five-step, one-day licence renewal service for the tourism industry service providers, an effort taken towards improving the standards of the industry and ensuring so