HONG KONG (AFP) - Asian markets rallied yesterday as another broadly positive week drew to a close, with investors cheered by a report that the US was considering lifting tariffs on China 

(Kuala Lumpur) REUTERS: Malaysia’s finance minister said yesterday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays US$7.5 billion in reparations. Goldman Sachs

The public and institutions, particularly the financial institutions were yesterday warned by Central Bank to be beware of a malicious email being circulated, impersonating the Employees Provident Fund (EPF) Department of the Central Bank. Issuing a

Jinasena Pvt Ltd, the pump manufacturing giant in Sri Lanka has launched a first of its kind pumping solution for Sri Lanka, adding to the many accolades achieved since its inception in 1905

(London) REUTERS: German Chancellor Angela Merkel’s protégé appealed to the British yesterday to stay in the European Union, saying her compatriots had not forgotten how Britain welcomed Germany back as a sovereign nation after Wo

COLOMBO (Reuters) -  Sri Lanka’s rupee closed firmer for a second straight session yesterday, helped by dollar selling by banks and after the IMF said it would resume discussions with the island nation for further disbursal of part of a US

Top professional Kavan Ratnayaka yesterday assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA).  Before his appointmen

The Central Bank Governor Dr.Indrajit Coomaraswamy said the International Monetary Fund (IMF) has agreed for flexibility to revise fiscal targets set for this year, following the discussions held in Washington, early this week.  Delivering the k

Sri Lanka’s seafood industry is eyeing US $ 350 million in exports this year in line with a three-year target of achieving US $ 1 billion in seafood export revenue by 2022.

President Maithripala Sirisena, who is currently on an official visit to Philippines, yesterday signed three loan agreements totaling US $ 455 million with the Asian Development Bank (ADB) for projects in higher education and transport as well as tec

Meanwhile Governor Coomaraswamy told Mirror Business that the Central Bank will start the process to raise at least US $ 1 to US $ 1.5 billion via issuing dollar denominated international sovereign bonds (ISBs) in a matter of days. The Cabinet has ap

Responding to criticism, Finance and Mass Media Ministry said yesterday that the Carbon Tax, which came into effect from January this year, is applicable to State-owned vehicles as well.

Sri Lanka will activate the partly completed South Asia’s most sophisticated, national-scale electronic company registration system next week, which is expected to boost the country’s Doing Business Index ranking significantly.

The ongoing tariff war between the United States and China will have far-reaching consequences for the trade relations of other countries. Even South Asia — one of the world’s least economically integrated regions with relatively less pre

A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk powder as several leading milk powder importers are reported to have taken a collective decision to suspend impor

The sale of land blocks at Colombo Port City (CPC) will commence after June this year following the conclusion of the legal framework that governs the reclaimed land and special incentive packages for investors.   

Banking, telecommunication and consumer-related stocks on the Colombo Stock Exchange (CSE) are more likely to outperform the rest this year, after a tumultuous ride in 2018, where notable erosions in valuations stoked by international and domestic he

(Colombo) REUTERS: Sri Lanka’s rupee closed slightly weaker yesterday in thin trade due to light dollar demand from banks and importers, while worries over political uncertainty and fiscal slippage weighed on investor sentiment.   

The International Monetary Fund (IMF) has said it “remains ready to support” Sri Lanka in its efforts to boost the economy and would send a team to Colombo next month to resume discussions on the stalled loan programme.  

A possibility of a merger explored between People’s Merchant Finance PLC (PMF) and People’s Leasing & Finance PLC (PLC) was abandoned last week, as the former closed a deal with an investor to infuse fresh capital followed by a rights

Sri Lanka’s Department of Wildlife Conservation (DWC) is to expedite the implementation of the strategic plan to tackle the over-visitation to Yala National Park and other national wildlife parks, while enhancing the quality of visitor experi

Owing to climate change, natural disasters have become an almost commonplace occurrence in the world. Developing countries, especially island nations like Sri Lanka, are particularly prone to such disasters, due to two reasons: their geographical loc

The latest move by the government to collect more revenue from people is the introduction of a carbon tax. Vehicle owners will have to pay a carbon tax based on the engine capacity and the year of manufacture of their vehicles from next year onwards.

The International Air Travel Association (IATA) has renewed the IATA Operational Safety Audit (IOSA) registry of SriLankan Airlines for a further two year period up December 04, 2020, SriLankan Airlines in a statement said yesterday.  IOSA is th

(Beijing) AFP: A small green shoot is growing on the moon in an out-of-this-world first after a cotton seed germinated on board a Chinese lunar lander, scientists said yesterday.

Sri Lanka is considering an offer from Bank of China for a loan of US $300 million, which could be raised to US $1 billion, to help it meet repayments during coming months, glo

Mane SA, one of the top flavour and fragrance houses in the world, recently announced their strategic partnership with Sri Lanka’s Akbar Brothers, one of the largest traders of tea in the world, to provide high-end tea and coffee extracts for t

Sri Lanka Tourism sets an ambitious target to attract one million tourist arrivals from the country’s largest tourist source market, India this year, by more than doubling over the 2018 Indi

Fortude, a global technology solutions provider, in collaboration with Sandbox Consultancy, recently embarked on a team building initiative to create Sri Lanka’s largest documented sand sculpture.