Sri Lanka’s economy state minister this week said the national economy could face further volatility in the near future, as the negative spillover effects from the recent changes in the global economy wo

European Union (EU) Ambassador to Sri Lanka and the Maldives Tung-Lai Margue said that the government must give priority to its economic reform agenda and should forge ahead with it, despite the challenges in the country’s political environment

The Petroleum Resources Development Ministry will call international tenders shortly for a 2,924 square kilometre offshore M2 block in the Mannar Basin to develop the two oil and gas discoveries and for further explorations.  

Former Central Bank Governor Ajith Nivard Cabraal yesterday argued that the depreciation of the rupee during the last five days has increased the repayment commitment of the recently borrowed US $ 1 billion to over US $ 1.1 billion.   

(Colombo) REUTERS: The Sri Lankan rupee hit a record low yesterday as banks and importers purchased the U.S. dollar, while stocks edge up from their nearly five-year closing low hit in the previous session.  

Sri Lankans now can sell their products to overseas customers through e-commerce platforms such as eBay.  

ICRA Lanka has revised down the outlook of Pradeshiya Sanwardena Bank to ‘Negative’ form ‘Stable’ while affirming the issuer rating at ‘A’.  

The unfinished Grand Hyatt hotel has already cost Rs.15 billion to the public as its main shareholders are the Employees’ Provident Fund (EPF), Sri Lanka Insurance and Litro Gas—all state-owned organisations accountable to people.  &

The government is in discussion with four foreign parties to build a US $ 2 billion new oil refinery in Sapugaskanda, Petroleum Resources Development Minister Arjuna Ranatunga said, yesterday.  

Sri Lanka’s Tea Smallholder Factories PLC reported a loss for quarter ended September 2018, extending the losses made from the beginning of the financial year as production and auction prices fell from a record high last year.  Tea Smallho

The Finance and Mass Media Ministry has issued a gazette opening up the Less than Container Load (LCL) clearance operations to private sector liberalising the Multi-Country Consolidation (MCC) and entrepot trade to all players effective from October

Sri Lankan banks until recently were going after fresh capital, and the capital market was inundated with a slew of debt and equity issues as the banks were trying to keep abreast with the burst in pr

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Ericsson—the world leader in communications technology and services—along with the Telecommunication, Digital Infrastructure and Foreign Employment Mi

The apex body of Sri Lanka’s ceramic and glass industry recently urged the government to re-evaluate its trade liberalisation agenda, tax structure and energy prices to boost exports and to c

HONG KONG (AFP) - Asian markets were mixed yesterday, with Shanghai bouncing back from early losses to end the week with a rally following a rare joint intervention by some of China’s t

The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, China from the 10th to 14th October, named DirectPay as the overall winner in the Consumer - Wealth and Retail Category and Park and Pay with a Merit Award in the

ISLAMABAD (AFP) - Pakistan’s foreign ministry announced yesterday that Prime Minister Imran Khan will attend a Saudi Arabian investment conference, despite a string of cancellations from leading policy-makers and corporate chiefs over the disap

Sri Lanka’s largest international automotive event, the ‘Seylan Colombo Motor Show 2018’ opened at the Sirimavo Bandaranaike Memorial Exhibition Centre, BMICH yesterday. This year’s 

BRUSSELS (AFP) -  German Chancellor Angela Merkel issued a rallying call for free trade yesterday as EU and Asian leaders met to unite in defiance of US President Donald Trump’s “America first” approach.

TOKYO (AFP) - The head of Toyota, who leads a group of Japanese automakers, yesterday urged Britain and the European Union to avoid a no-deal Brexit “at all costs.”

COLOMBO (REUTERS) - Sri Lanka’s September tea output fell to its lowest level for the month since 2001, industry data showed on Thursday and the State-run Tea Board warned of adverse weather conditions for the fall after a prolonged drought.&nb

The famed Northern lands where Sri Lanka’s chemical giant Paranthan Chemicals Company (PCC) stood are now earmarked for a large industry block which will also pack Sri Lanka’s first heavy chem

Finance and Mass Media Minister Mangala Samaraweera yesterday requested the media institutions not to turn a blind eye to the government’s achievements and  development activities.

Daraz, a top e-commerce platform in South Asia, which was acquired recently by China’s Alibaba, said Sri Lanka’s e-commerce industry could expand to US $ 500 million during the next five to seven years, with appropriate investments. 

The Industry and Commerce Ministry yesterday said it rejected a request to increase the prices of LP gas by the state-owned Litro Gas Lanka Limited, Sri Lanka’s largest cooking gas importer, cylinder distributor and supplier.

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, near its record low, as banks and importers bought the US dollar, while stocks ended largely unchanged near a five-year closing low hit earlier in the week.

Commercial High Court on September 19, 2018 granted an interim order on Ceylon & Foreign Trades PLC (CFT) and its directors Ali Asger Shabbir and Malayandi Jayaprakash restraining them from disposing, alienating and encumbering any of the CFT ass

(Colombo) REUTERS: Sri Lanka has reversed a decision to award a US $ 300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South 

French Agency for Development (AFD) has loaned 30 million euros to Sri Lanka to finance a green power development project.

The government is planning to give a further boost to its Enterprise Sri Lanka (ESL) loan scheme and Gamperaliya rapid rural development programme from the 2019 budget, aiming to stimulate the domestic economy in a sustainable manner.  Finance a