Consequent to the recent downturn in arrivals following the Easter Sunday attacks, Sri Lanka Tourism has planned a series of short-term promotional programmes to attract tourists from short haul markets.

The recent mob attacks carried out targeting Muslims in several parts of Sri Lanka, in the aftermath of Easter Sunday attacks, could further hinder tourist arrivals to the island nation, dashing the industry’s hopes for a faster recovery.

The Executive Board of the International Monetary Fund (IMF) has approved US$ 164.1 million disbursement for Sri Lanka, completing the fifth review of the Extended Fund Facility (EFF) arrangement the island nation has wit

National Development Bank PLC (NDB), which was on an aggressive growth path last year, was seen treading carefully during the March quarter (1Q19) amid narrow capital buffers and rising non-performing loans in a moribund economy.

Profits at Dialog Axiata PLC received a tailwind from the appreciation of the rupee during the quarter ended March 31, 2019, while its mobile telephone operation—the group’s cash cow— showed signs of plateauing amid billions of rupees ar

Decline in loan book, higher impairment charges and taxes dented the March quarter (1Q19) performance of Commercial Bank (Ceylon) PLC, Sri Lanka’s largest private lender with over Rs.1.3 trillion in assets, the interim financial accounts released t

Kishu Gomes has resigned from the chairmanship of Sri Lanka Tourism Development Authority (SLTDA), and from now on will only function as Chairman of Sri Lanka Tourism Promotion Bureau (SLTPB) in order to fully focus on re-building Sri Lanka’s touri

Sri Lanka’s construction sector is experiencing an over 25 percent decline in worker turnout in the aftermath of Easter Sunday attacks, contributing to a considerable productivity loss. Access Engineering PLC Managing Director Christopher Joshua t

Sri Lanka has had a turbulent history in recent centuries, especially over the last few decades. This has often been linked to rivalries between communities perceived to be different by either or both religion and ethnicity.

The essential food and commodities importers last week wrote to Prime Minister Ranil Wickremesinghe expressing their grievances in the aftermath of the Easter Sunday terrorist attacks and requested immediate assistance by way of rescheduling of loans

The Executive Board of the International Monetary Fund (IMF) has approved US $ 164.1 million disbursements for Sri Lanka, completing the fifth review of the Extended Fund Facility (EFF) arrangement Sri Lanka has with the multilateral lender.

Cinnamon is the leading spice commodity of Sri Lanka. It contributed to approximately 54 percent of total spice exports and accounted for 8 percent of total agriculture exports in terms of values, in 2017. During the last decade, Sri Lanka has domina

It is in the public domain for quite some time that the government of the day has not given priority to the most important ‘national security’ concerns and it did not figure high on the governance agenda since January 2015. Archbishop of Colombo

Sri Lankan shares fell yesterday for an eight straight session, closing at their lowest in more than six-and-a-half years and the rupee slipped for a third day in dull trade, as the Easter bombings drove off investors.

(Frankfurt/Zurich) REUTERS: Talks between Deutsche Bank and UBS to tie up their asset management businesses have stalled, three people familiar with the matter said.

(Beijing) REUTERS: China warned yesterday that it will “never surrender to external pressure” after the United States ordered tariffs on almost all Chinese exports.

(Kiniyama) REUTERS: Sri Lanka widened a curfew yesterday after attacks on mosques and Muslim-owned businesses in the worst unrest since Easter bombings by Islamist militants and blocked Facebook and WhatsApp to stop people inciting violence.

The moderation in the growth in new loans, pressure on margins amid higher funding cost, weak asset quality and Debt Repayment Levy were among the key reasons behind the weak top and bottom line performance of Nations Trust Bank PLC (NTB), the bank

The earnings at Sri Lanka’s second largest private lender by assets more than halved during the quarter ended March 31, 2019 (1Q19), amid a significant rise in provisions on bad loans and higher taxation, the interim financial accounts of Hatton Na

International market research agency, Kantar LMRB, which has operated in Sri Lanka for close to four decades, has announced that effective 2nd April all services and offerings will be delivered under the Kantar brand name.

Food and travel enthusiasts have an opportunity to compete for a trip to Dubai and a visit to the world’s largest flight kitchen courtesy of Emirates, the award-winning airline and Daily Mirror Life.

The National Chamber of Exporters (NCE), the only private sector Chamber which exclusively serves Sri Lankan exporters, and represents them, conducts the Annual Export Awards to recognize and reward the achievements of Sri Lankan exporters of product

The Entrepreneurs’ Organization’s Global Student Entrepreneur Awards (EO GSEA) is a catalyst that inspires students and young people to start and grow entrepreneurial ventures.

Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently completed the first phase of the design, construction, furnishing and assembly of a pre-engineered boat manufacturing facility for BAFF Polymech at Ussangoda in Hambantota.

Sri Lanka Telecom (SLT)entered into a partnership with Yechee Group (Pvt) Ltd., the professional steel construction service provider to power Lotus Gardens Residencies with SLT Smartline and Megaline Services through SLT’s superior fibre connectivi

Sri Lanka Telecom (SLT), the leading telecommunication service provider in the country, entered into a partnership with Prime Lands Residencies (Pvt.) Ltd., the trusted partner inhousing industry in Sri Lanka to power 10 condominium project with 740

Overseas Realty (Ceylon) PLC maintained a healthy momentum across its business verticals as the real estate major reported sound top and bottom line growth during the three months ended March 31, 2019 (1Q19).

Compared to the 180,429 visitors in April last year, arrivals in April 2019 dropped 7.5 percent to 166,975 due to the terror attacks on the 21st.