Maxims Holdings, a diversified Board of Investment (BOI) approved company opened its futuristic modern warehousing complex at Mulleriyawa yesterday.  The brand new facility is built on a 4.5 acre land with a total investment of  Rs.2 billio

Sri Lanka plunged into a political crisis in October 2018 when President Maithripala Sirisena suddenly and unexpectedly sacked the sitting prime minister Ranil Wickremesinghe, his former partner in the National Unity Government formed in January 2015

Tourism Development, Wildlife & Christian Religious Affairs Minister John Amaratunga faced an embarrassing situation yesterday when he was compelled to postpone the appo

John Keells Hotels PLC, the resort sector arm of the John Keells group, reported lower revenue and profits for the quarter ended December 2018 (3Q19), mainly due to weak performance from the group’s Maldivian resorts.  John Keells Hotels r

(Colombo) REUTERS: Sri Lanka’s rupee closed firmer yesterday on banks’ dollar sales from inward remittances and on behalf of foreign investors who are purchasing short-term bills, while stocks en

Sri Lanka will soon replace the discriminatory Family Background Report (FBR) regulations imposed on female migrant workers leaving the country for foreign employment with a supportive family background plan scheme. Telecommunication, Foreign Em

Sri Lanka Telecom PLC (SLT), the leading fixed line operator will access domestic banking sources to refinance its maturing foreign currency debt, Fitch Ratings said in its latest report on Asia-Pacific telecom sector.  According to Fit

An agreement was reached last Friday between the Employers’ Federation of Ceylon (EFC) and the estate sector trade unions to revise the collective agreement pertaining to plantation workers’ wage. Secretary General of The Planters’

Sri Lanka’s Central Bank has cut foreign investor threshold in purchasing government securities (G-secs) in a bid to increase the quality of the country’s foreign reserves and significantly reduce the a

The government on realising the success of Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the schemes enabling the stakeholders to move towards next generation economic activities in their respecti

Lanka IOC PLC (LIOC) swung to a heavy loss of Rs.986.9 million or Rs.1.85 a share during the three months ended December 2018 (3Q19) as Sri Lanka’s only private sector fuel distributor saw its cost of sales rising faster than sales.

(Colombo) REUTERS: Sri Lanka is facing what could be its worst pest infestation in history, potentially cutting the country’s rice and maize output and forcing the island nation to im

The Jaffna International Trade Fair (JITF), the multi-faceted gateway to the North, that brings together some of Sri Lanka’s favourite brands and services opened yesterday. 

The 11th Footwear & Leather Fair opened at the BMICH yesterday. The events brings together exhibitors comprising manufacturers, suppliers and exporters who specialize in products like travel goods, footwear, leather goods, raw materials, machiner

HONG KONG (AFP) - Asian markets rose yesterday putting them on course to end a shaky week on a positive note as investors look ahead to crucial trade talks between China and the United States at the end  of the month.

DAVOS, Switzerland (AFP) - Ministers from 75 countries launched talks towards drawing up global e-commerce rules amid growing calls for technology to be more closely regulated internationally.

MUMBAI (AFP) - It was billed as the world’s cheapest car and shaped like a jelly bean but after a bumpy 10-year ride India’s Tata Nano is nearing the end of the road. Tata Motors, India’s top automaker, said yesterday that it could

COLOMBO (Reuters) - Sri Lanka’s rupee closed steady yesterday as dollar selling by exporters offset importer demand for the greenback, while stocks edged higher for a third straight session.  The rupee closed at 181.60/80 

FRANKFURT (AFP) - German business confidence fell to a nearly three-year low in January, a closely-watched survey said yesterday, in the latest sign of waning momentum in Europe’s top economy. The Munich-based Ifo insti

BEIJING (AFP) - Microsoft is still trying to figure out why its Bing search engine temporarily went offline in China, the company’s president said following speculation that it could have been blocked by censors. The US firm’s Chinese web

As Sri Lanka’s apparel sector has embarked on a journey to achieve US $8 billion in exports by 2025, the industry requested the government’s to assistance to enhance a

Low-cost carrier Thai Lion Air will begin operating direct flights between Sri Lanka and Bangkok from January 30. The flight is scheduled to depart 

Sri Lanka’s tea industry is eying an ambitious production target of 320 million kgs this year, despite ending the previous year on a grim note as tea output in 2018 fell to 303 million kgs from 307 million kgs in 201

The Finance and Mass Media Ministry yesterday called upon all stakeholders including the general public to make their proposals for the budget 2019 before February 11. Finance and Mass Media

(Colombo) REUTERS: Sri Lanka’s rupee closed slightly firmer yesterday due to dollar selling by exporters, while stocks edged higher for a second straight session, moving away from an eight-week closing low hit early this week.

Sri Lanka’s second largest private bank by assets, Hatton National Bank PLC (HNB) has upsized its already announced Basel III debenture issue by Rs.3 billion.  HNB in September last year, announced plans to issue 50 million BASEL III-compl

The world stands on the brink of a fourth industrial revolution, where dramatic changes in technological advancements will have profound impacts on the future employment landscape and skill requirements. This means that engaging in lifelong learning&

The ‘10 Year Challenge’, Facebook’s latest social media phenomenon, has taken the Internet by a storm. People are posting a picture from 10 years ago alongside their current profile picture or some other photograph and the transform

Sri Lanka is to obtain US $ 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to implement a primary healthcare system strengthening project.