The Carson Cumberbatch group has indicated that the major shareholders of its four plantation companies have no intention of diluting their ownership to comply with the minimum public float rules of the Colombo Stock Exchange (CSE).

(Colombo) REUTERS: The Sri Lankan rupee fell for an eighth straight session yesterday to a near six-week low on dollar demand from banks, a day after clashes between two sectarian groups dented sentiment.

(Oslo) AFP: Norwegian telecom operator Telenor said yesterday it has entered into talks with Malaysian telecoms group Axiata about a potential merger of the companies’ Asian operations.

(Colombo) REUTERS: Sri Lanka President Maithripala Sirisena said on Saturday the security forces would “eradicate terrorism” following the devastating suicide attacks on Easter Sunday and restore stability before a presidential election due by ye

Sri Lanka Tourism chief Kishu Gomes expressed his confidence on the revival of the country’s tourism industry in less than 13 months, in the aftermath of the Easter Sunday bombings and is optimistic that it will revert back to growth mode in two mo

(Launceston, Australia) REUTERS: China’s ambitious Belt and Road Initiative (BRI) is one of those vast programmes that should be positive for global commodities, but finding any concrete proof of increased demand is proving far more elusive.

On Easter Sunday 2019, Islamist suicide bombers targeted three Christian churches and three hotels in Sri Lanka, killing over 250 people. The so-called Islamic State (IS) claimed responsibility but two little-known local groups, called the Jammiyathu

Terrorism is not an obvious subject for economic analysis. The greatest cost comes in the form of lives lost and injured. However, terror attacks also aim to disrupt economic life and how far they succeed needs to be assessed and evaluated.

The Kingsbury, one of the five-star hotels in Colombo that was attacked on Easter Sunday, has installed baggage and personnel scanners at its premises to ensure the safety of the hotel’s patrons. The hotel is also protected by the state security.

Sierra Cables PLC last week reiterated on the plan it originally hatched to get two of its subsidiaries now in a quagmire back on their feet, as part of its revival efforts. The directors at the largest cable manufacturer in Sri Lanka said they had

Sri Lanka will consider a tax amnesty programme for the tourism industry in a bid to help companies recover from the Easter Sunday terrorist attacks that killed more than 250 people, Finance Minister Mangala Samaraweera had told Bloomberg Television.

A  Sri  Lankan Catholic prays on the road in front of St. Anthony’s Shrine, where an explosion took place during mass on Easter Sunday, in Colombo. Masses in the churches of Archdiocese of Colombo were not held yesterday due to security concerns

(Karachi) REUTERS: Pakistan on Saturday appointed International Monetary Fund (IMF) economist Reza Baqir as its new Central Bank governor, as the South Asian nation seeks to finalise bailout negotiations with the Fund to avert an economic crisis. The

Sri Lanka’s private sector has expressed strong opposition to the controversial tariff hike proposed by the Sri Lanka Ports Authority (SLPA). Premier private sector business chamber, the

REUTERS: Sri Lanka’s US$4.4 billion tourism industry is reeling from cancellations as travellers shun the sun and sand Indian Ocean Island after multiple suicide bombings that killed over 250 people two weeks ago.

The government has agreed only for a one-year moratorium to support the hotel industry during its recovery period in the aftermath of Easter Sunday bombings, despite the hoteliers’ request for a two-

HONG KONG (AFP) - Asian markets were mixed heading into the weekend yesterday with energy firms again taking a hit from a plunge in oil prices, while investors look ahead to the release of key US jobs data later in the day.

Sri Lankan Special Task Force (STF) soldiers patrol along a road in Colombo yesterday, after a series of bomb blasts targeting luxury hotels near Colombo’s main business district and churches on Easter Sunday. Islamist extremists in Sri Lanka are b

(REUTERS) - Tesla Inc yesterday raised the size of its planned share offering to 3.1 million shares, priced at US$ 243 apiece, and said Chief Executive Officer Elon Musk would now buy stock worth up to US$ 25 million (£19.2 million), more than doubl

The 7th Session of the UNCTAD Multi-Year Expert Meeting on Trade, Services and Development convened in Geneva from 1 to 2 May 2019, under the chairmanship of Ambassador A.L.A. Azeez, Sri Lanka’s Permanent Representative to the UN in Geneva. Intera

Prime Minister Ranil Wickremesinghe, as the first step of relaxing the travel advisories issued by several countries to their citizen against visiting Sri Lanka, has agreed to arrange a security briefing next week for foreign and lo

FRANKFURT AM MAIN (AFP) - New car registrations in Germany fell back in April, official data showed yesterday, in a sign the vital industry is still grappling with tougher emissions tests and a broader economic slowdown.

PARIS (AFP) - Air France-KLM said yesterday its losses deepened in the first quarter of the year under the pressure of higher fuel costs and competition, although the group managed to boost passenger numbers.

SYDNEY (AFP) - Global ride-sharing firm Uber yesterday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia.

Seylan Bank PLC reported higher earnings supported by modest growth in new loans during the quarter ended in March 31, 2019 (1Q19) - a period characterized by an extremely sluggish economic activity.

Sri Lanka’s hoteliers and tour operators during a meeting with leading airlines have reached an agreement to offer special promotional packages to attract tourists to the country, Sri Lanka Tourism Chief, Kishu Gomes said. The Board Of Airline Rep

Sri Lanka’s Tourism chief Kishu Gomes urges the government to appoint a single national-level committee consisting of responsible officials and experts to expedite the revival of the tourism industry. He said t

An investigation conducted by an Israeli blockchain intelligence startup Whitestream has found that on the day prior to the Easter Sunday bombings in Sri Lanka, there were exceptionally large transfers in the bitcoin wallets that ISIS uses to raise c

REUTERS - The Sri Lankan rupee fell for the sixth consecutive session yesterday on dollar demand from banks amid security alerts on possible further attacks after the Easter Sunday bombings. Stocks closed lower for the first time in six sessions.

The Central Bank yesterday said it has initiated legal action against the directors of troubled ETI Finance Limited (ETIF) to seize their personal assets and transfer those proceeds to the ETIF, whil