Sri Lanka’s apparel industry could significantly boost its exports to the United Kingdom (UK) with US$ 4.7 billion unutilised export potential, according to the Ceylon Chamber of Commerce’s (CCC) ‘Sri Lanka - United Kingdom Bilateral Trade and

(Colombo) REUTERS: The United States wants a special forces cooperation agreement with Sri Lanka to sidestep bureaucracy and has no intention of setting up a military base in the country, the American ambassador to the island nation said in a televis

Sri Lanka’s tea production in the first half of the year (1H19) has hit a five-year high, thanks to the favourable weather conditions that prevailed during the period resulting in higher output specially during the second quarter of the year.

An influential minister in the current dispensation last week expressed displeasure over the inconsistent and selective advocacy of chambers led by the Ceylon Chamber of Commerce (CCC), instead of playing a crucial role in pushing forward the much ne

Careers mobile app, a free mobile app which is a first-of-its-kind in Sri Lanka, was launched by CareerMe at the CA Auditorium this week. The career guidance mobile app aims to make it easier for students across the country to get career guidance at

SriLankan Airlines launches ‘SriLankan Travel Fest’ offering an amazing discount of 40 percent on Business Class to over 35 destinations when booked through its online channel www.srilankan.com.

HONG KONG (AFP) - Asian markets rallied yesterday as comments from a top Federal Reserve official were pounced on by investors as indicating the central bank will unveil a deep interest rate cut at the end of t

SAN FRANCISCO (AFP) - Microsoft on Thursday posted quarterly earnings that trounced expectations, citing growth in partnerships with companies on technology and cloud computing services.

COLOMBO (Reuters) - Sri Lankan shares rose for the eight consecutive session yesterday to end at a more than a four-month high, as banking stocks continued to lead gains, while the rupee edged down on high dollar demand from i

JOHANNESBURG (Reuters) - PepsiCo has struck a deal to buy South Africa’s Pioneer Food Group for US$1.7 billion, the companies said yesterday, lifting Pioneer’s shares and boosting a sector that has been hit by drought and tough trading conditions

France (AFP) - French Finance Minister Bruno Le Maire has said this week that he will lead talks on finding a single European candidate to succeed Christine Lagarde as head of the International Monetary Fund (IMF).

LAKE TURKANA, Kenya (AFP) - Kenya yesterday inaugurate Africa’s biggest wind power plant, a mammoth project in a gusty stretch of remote wilderness that now provides nearly a fifth of its energy needs.

Hatton National Bank PLC (HNB) continued to garner sweeping acclaim for its transformational approach to banking, bringing home a trio of high profile awards including being declared the Best Bank in Sri Lanka for 20

State-run investment promotion agency, Board of Investment (BOI) yesterday said it had signed an investment agreement with a foreign firm to set up an entertainment park in the suburbs of Colombo.

Strong demand on the recent issuance of Sri Lankan international sovereign bonds (ISB) signals potential for a strong economic recovery, according to Ceylon Asset Management (CAM) Director and Economic Advisor, Rainer

The maiden debenture issue of Bogawantalawa Tea Estates PLC aimed at Rs.850 million was fully subscribed yesterday, the official opening day of the issue, which is the first non-finance sector debt listing so far this year.

The Central Bank (CB) yesterday said it has taken a number of measures to reduce lending interest rates in the country’s banking system so that small and medium-sized enterprises (SME) can borrow at reduced rates.

Sri Lanka is planning to export tea to Iran under a barter system from this September onwards at least for the next two years, as the U.S. sanctions on Iran disrupt Sri Lankan tea exports to that c

Great Place To Work Institute held its award programme for the sixth time last week. Great Place to Work Institute Sri Lanka has been conducting studies to understand and recognise the best workplaces in Sri Lanka since 2013.

The trade deficit in the month of May narrowed significantly on the combined effect of the continued decline in imports and increase in exports, the data released by the Central Bank showed, yesterday.

Commercial Bank of Ceylon has launched ComBank Q+ – the first Quick Response (QR)-based payment app to be launched under LankaQR – creating history yet again by introducing technology that matters in the lives of the bank’s customers.

Lack of progress in enhancing energy sector governance hinders renewable energy development in Sri Lanka, whereas its neighbours are already speeding ahead with renewable energy development backed by improved energy sector governance, an energy secto

Sri Lanka’s Treasury bill yields fell across all maturities for the 20th consecutive week yesterday, at the auction held at the Public Debt Department (PDD) of the Central Bank.

Softlogic Holdings PLC, which has an exclusive authorised dealership for Ford vehicles and King Long buses in Sri Lanka, has made significant inroads into the government tender market, strengthening its position as a leading supplier of vehicles to t

(Colombo) REUTERS: Sri Lankan shares rose for the sixth straight session yesterday to hit a more than three-month closing high, as diversified and banking stocks gained, while the rupee ended steady.

Moody’s Corporation this week said it has agreed to sell its Moody’s Analytics Knowledge Services (MAKS) business to Equistone Partners Europe Limited (Equistone), a European private equity firm.

An often-asked question in the hospitality industry is whether graduates of hospitality education programmes possess the competencies that the hospitality industry believes students should possess. In an industry as dynamic and diverse as hospitality

The second attempt in two years to attract investors to develop the nine-acre Chalmers Granaries land opposite the Fort railway station as a mixed development project has proven unsuccessful as investor interest had waned following Easter Sunday bomb

Diversified conglomerate Softlogic Holdings PLC is looking to expand its business interests beyond Sri Lankan shores while evaluating options to reduce its gearing, a top official said.

Leading freight and logistics player, Expolanka PLC, a unit of Japan’s SG Holdings says regulations on ship emissions that are set to come into effect from next year will add to cargo transport costs.