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

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

The Sri Lanka Tourism Development Authority (SLTDA) yesterday expressed confidence in achieving the 2019 year-end target of 2.1 million tourist arrivals, as the August figures indicate the industry is reaping the benefits of the post-Easter Sunday at

The government will call proposals to build a convention centre, hospital and an international school in the Colombo Port City. The Cabinet office said the National Agency for Public-Private Partnership would facilitate the process. The Cabinet of Mi

The state-run pension fund, insurance company and banks have been given the green light to buy the shares of Sri Lanka Telecom PLC (SLT), of which the government has a little over 54 percent stake, to comply with the 10 percent minimum public free-fl

The Cabinet of Ministers has given its approval to set up a state-owned enterprise (SOE) to commercialise the Lotus Tower, which is nearing completion. The tower, funded by Exim Bank of China, will be used for telecommunication and leisure activities

The annual EDEX Mid-Year Expo and Job Fair 2019, the much looked forward event catering to all Sri Lankan youth wishing to pursue higher education or contemplating their career choice, is set to be held from 07th to 08th September 2019 at the Sri Lan

Average land prices in Sri Lanka’s commercial capital, Colombo, rose 13.6 percent in the first half of 2019 (1H19) over the same period in the previous year, according to the Land Price Index (LPI) compiled by Central Bank’s Statistics Department

The American Chamber of Commerce (AmCham) in Sri Lanka yesterday urged the government to consider approving the Millennium Challenge Corporation (MCC) Compact grant of US$ 480 million.

(Negombo) REUTERS: The number of Sri Lankans trying to enter Australia illegally by sea is rising, an Australian general said yesterday, a day after Canberra said it had intercepted a 13th boat carrying asylum seekers from the Indian Ocean island.