The Hambantota International Port (HIP) saw an increase in the vessels docking at the port during the first week of the  new year.

The newly appointed Ports and Shipping Deputy Minister Mohamed Abdullah Mohamed Maharoof assumed duties in his office, yesterday. The event was held u

(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday in thin trade due to dollar demand from banks and importers, while political uncertainty also dented investor sentiment. 

Sri Lanka’s industrial production slowed in November as the activities or the sub-sectors, which recorded a growth, trailed the ones that contracted over the same month in 2017. 

(Colombo) REUTERS: Sri Lanka has arranged US $ 1 billion to repay a five-year sovereign bond maturing today partly from its declining reserves, sources from both the Central Bank and Finance Ministry said  on Friday.

(Dhaka) REUTERS: The head of Bangladesh’s garment manufacturers association yesterday called on protesting workers to return to work by today or companies will cut off their pay, after demonstrations calling for higher salaries that have lasted

Sri Lanka getting caught in a debt trap and finding itself in a precarious position has less to do with its borrowings from China but more to do with its participation in international bond market activities, according to Colombo-based economic think

Further to its previous announcement, Hunas Falls Hotels PLC on Friday said its two major shareholders have entered into a share sale and purchase agreement with Serenity Lake Leisure (Pvt.

Sri Lanka may have sorted out its political gridlock for the moment, which hurt the investor sentiments the most, paralysing the country’s administration and economy but the effects that it left appear to linger on for some time. The exit of fo

The pilot project of the government’s E-Health Card initiative is to be launched at the Kalutara General Hospital on February 21 and following the success of the pilot project, all citizens would be issued an E-Health Card within six months, He

China is looking to set up a specialised free trade zone for rubber-based value added exports in Sri Lanka by partnering with private sector rubber manufactures, exporters and planters includ

(Dhaka) REUTERS: Baton-wielding Bangladeshi police fired tear gas to break up thousands of garment workers demonstrating for higher wages for a fifth day on Thursday, forcing dozens of factori

(Berlin) REUTERS: Volkswagen Group said yesterday its passenger car deliveries rose 0.9 percent last year to a record 10.83 million, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest carmaker. Rivals

(Colombo) REUTERS: Sri Lanka will ask the IMF to ease its 2019 budget deficit target of 3.9 percent under a US$1.5 billion loan programme, to give the economy more time to recover from

(London) REUTERS: Oil prices rose slightly yesterday, putting them on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade dispute.

(Hong Kong) AFP: The upbeat tone that characterised this week helped Asian markets to fresh gains yesterday, with Hong Kong chalking up a sixth straight day of rises. Investors globally have been

(Colombo) REUTERS: Sri Lanka›s rupee closed steady yesterday in dull trade as dollar selling by banks offset importer demand for the greenback, while political uncertainty dented investor sentiment.  Sri Lankan shares posted a more than s

2.33 million tourists – up 10.3 percent over last year; February, March, June and November registered the highest growth rates in terms of monthly ‘arrivals’; December saw a record 253,169 tourists; India, China, the UK and Germany

This is that time of the year many of us make resolutions—from losing weight to eating healthy to complete something you procrastinated for months. May be it’s time that we all Sri Lankans come up with a collective resolution this year by

Qatar Airways announced its latest global sales promotion designed to inspire passengers to explore new and exciting destinations in 2019.   

Araliya Group is set to double its hotel room inventory to 1,014 rooms, as Araliya Unawatuna and Araliya Red in Nuwara Eliya are scheduled to be launched this year. Araliya Group of Companies C

(Colombo) REUTERS: Sri Lanka’s rupee closed higher yesterday as banks sold dollars but political uncertainty dented investor sentiment.  Sri Lankan shares 

Sri Lanka is among one of four Asian countries most vulnerable to shifts in external financing conditions due to its high debt repayment schedule and low reserve position, said international rating agency, Moody’s Investors Service. Renewing it

Sri Lanka’s tourism industry officials expect the contribution of MICE (Meetings, Incentives, Conventions, Exhibition) tourism to overall tourist arrivals to increase by at least by 5 percent to 20-25 percent this year.

Another round of talks to arrive at a solution on the drawn out wage issue of  estate workers ended inconclusively yesterday. The meeting was attended by the heads of the Regional Plantation Companies (RPCs) and Plantations Industries Minister N

Sri Lanka witnessed foreign outflows to the tune of US $ 500 million during the final quarter of 2018, the government revealed yesterday. As per the data presented by Economic Affairs Non Cabinet Minister Dr. Harsha de Silva and Finance State Ministe

Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday.  

The news communication industry is highly dependent on technology, and every new technology will take its transformation. Although the algorithmic news has just started,

The World Bank (WB) forecasts Sri Lanka’s gross domestic product (GDP) growth to accelerate marginally to 4 percent this year, below the projected growth in South Asia, while the GDP growth for 2018 is estimated at 3.9 percent.