The Executive Director of Institute of Policy Studies (IPS) and head of its Macroeconomic Policy research Dr. Dushni Weerakoon has been appointed to the Monetary Board of the Central Bank with effect from July 29, the Central Bank said yesterday.

Sri Lanka’s upcoming hotels need to allocate 0.5 percent of their capital investments into sustainability initiatives to avert future costs to the environment and to the society, according to a United Nations Development Programme (UNDP) official.

(Colombo) REUTERS: Sri Lankan shares fell for the sixth straight session yesterday and closed at their lowest in nearly two weeks as investors sold banking and diversified stocks, while the rupee ended weaker due to importer dollar demand.

The Cabinet of Ministers has approved the tax amendments proposed by Finance Minister Mangala Samaraweera in Budget 2019, and accordingly amendment draft bills on Nation Building Tax (NBT) and Value Added Tax (VAT) will be presented to Parliament for

Sri Lanka’s only glass bottle maker Piramal Glass Ceylon PLC saw its June quarter (1Q20) earnings halving as the firm had to shut down couple of its production lines for plant upgrade to expand capacity.

Sluggish lubricant sales appeared to have hampered the earnings of Chevron Lubricants Lanka PLC during the quarter ended June 30, 2019 (2Q19), the firm’s interim financial accounts released to the Colombo Stock Exchange, showed. The earnings of the

Expolanka Holdings PLC saw its June quarter (1Q20) earnings falling 38 percent year-on-year (YoY) despite the group’s key logistics business recording growth in volumes, the firm’s interim financial accounts released to the Colombo Stock Exchange

The start-up ecosystem in the island has certainly come a long way and needs to talk more now about the failures than clichéd success stories and embrace them just as part of their journey ahead. In view of this, Hatch, a revolutionised workspace th

The Colombo Stock Exchange (CSE) in partnership with Daily Mirror is featuring a column on Mirror Business as an Investor Relations initiative. The column, which will be featured in a Q&A format, encourages S&P SL20 companies to bring attention to th

Development Strategies and International Trade Minister Malik Samarawickrama plans to hold ministerial-level discussions with Indian counterparts during his visit to India this week, in order to resume negotiations on the proposed Economic and Techno

Sri Lanka’s tourist arrivals crossed 100,000 mark for the first time since the April 21 bombings, as the arrivals for the month of July were recorded at 113,701, up from 63,072 in June, the data released by the tourism office showed.

Although the Central Bank has reduced the rates for the deposits maintained in commercial banks, the special interest rate of 15 percent offered by the government for senior citizens has not been changed, the Finance Ministry said in a communiqué.

(Colombo) REUTERS: Sri Lankan shares fell for the fifth straight session yesterday and closed at their lowest in more than one week, as investors sold banking and telecom stocks, while the rupee ended weaker due to importer dollar demand.

The government plans to empower the Trade and Productivity Commission (TPC) though a new act to continue with the trade liberalisation process on a structured basis, while supporting local firms to get adjusted to the increasing competition arising f

SriLankan Airlines welcomes the launch of the free visa on arrival facility that the Government of Sri Lanka is providing to citizens of 48 countries in Australasia, Europe and North America, from August 1, for a period of six months, as part of a co

Inclusiveness is one of the salient features of the contemporary international development agenda, which means that nobody will be left behind in the development process. Gender is an important dimension of inclusive development.

Panasian Power PLC (PAP), one of Sri Lanka’s leading green energy solutions providers, recently connected their first ground solar project to the national grid through the Soorya Bala Sangramaya scheme.

(Manesar/New Delhi) REUTERS: India’s biggest automaker, Maruti Suzuki India Ltd said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s thir

Deepal Sooriyaarachchi will relinquish his duties as a Non-Executive Non-Independent Director at Sampath Bank PLC with effect from today, following the completion of his 9-year term as a director.

The government will work towards raising up to US$ 500 million in order to tap the Japanese bond market by selling yen-denominated Samurai bonds, Prime Minister Ranil Wickremesinghe said over the weekend.

Hayleys group rubber glove maker Dipped Products PLC (DPL) saw its June quarter (1Q20) earnings impacted by increases in latex prices and subpar performance of its plantations cluster, the interim accounts released to the Colombo Stock Exchange showe

The Telecommunications and Regulatory Commission of Sri Lanka (TRCSL) has recently floated a White Paper on the telecom sector termination rate regime—which was introduced in 2010 to ex

Tata Housing Development Company, the real-estate arm of India’s Tata Group and a wholly-owned subsidiary of Tata Sons, plans to commence construction of its proposed mixed development project, Colombo Square, next year following the completion of

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC, has successfully raised Rs.1.5 billion through a listed debenture issue. The rated, unsecured subordinated, five-year debenture issue had an initial tranche of Rs.1 billion initially with an op

HONG KONG (AFP) - Asian markets fell sharply yesterday as US President Donald Trump’s decision to slap new tariffs on China ratcheted up investor fears over the trade war between the world’s top two economies. The losses in Asia followed a broad-

BEIJING (AFP) - The trade war between the United States and China escalated yesterday as Beijing threatened to unleash “counter measures” against US plans to impose tariffs on US$300 billion in Chinese goods. President Donald T

BRUSSELS (Reuters) - EU competition regulators yesterday ordered France to recover 8.5 million euros (7.75 million pounds) in illegal aid granted to Ryanair at Montpellier airport because it gave the Irish low-cost carrier an unfair advantage.

TOKYO (AFP) - The battle to combat climate change will “succeed or fail” based on what happens in Asia, where growing energy needs are increasing demand for fossil fuels, UN officials said yesterday.

(Colombo) REUTERS: Sri Lankan shares recovered from an intraday fall of over 1 percent to close flat yesterday, while the rupee ended weaker due to importer dollar demand. The country’s benchmark sto