The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, given that the extent of land under oil palm is just 1.1 percent of the extent under traditional cro

As per the Monetary Law Act (MLA), it is a statutory duty of the Central Bank is to maintain “economic and price stability”. In so doing, the MLA requires the Monetary Board “to maintain the international stability of the Sri Lanka

(Colombo) REUTERS: The Sri Lankan rupee hit a record low for a fourth straight session yesterday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a fourth consecutive session to a m

It  was reported in the local  news media  on October 7,  2018 that Sri Lanka will host a regional conference on the future of the Indian Ocean on October 11, 2018, which is expected to bring together countries that surround the t

Be it chief executives, managing directors or heads of organisations or departments, instead of managing, one should always focus on leading their organisations with a sense of openness and retaining humility, N-able Managing Director and Chief Exe

Sri Lanka’s banking sector asset quality fell to a new low in August after the non-performing loans increased, providing clear evidence that businesses and consumers continue to struggle in servicing t

Sri Lanka held on to the 16th best connected trading nation to others by sea status in 2018, according to the United Nations Conference on Trade and Development (UNCTAD)’s latest

The recent price controls slapped on bottled water could lower the quality of the water being sold at the market place and limit the choice the customers previously had, Advocata, a Colombo-based think tank that promotes free market ideas said in a s

Sri Lanka and Bangladesh have finalised the much awaited Coastal Shipping Agreement, and it will be signed shortly, Development Strategies and International Trade Minister Malik Samarawickrama told a recent forum in Colombo.  The agreement will

Development Strategies and International Trade Minister Malik Samarawickrama yesterday in statement averred that the now scrapped Cabinet Committee on Economic Management (CCEM) headed by Prime Minister Ranil Wickremesinghe was “thoroughly a co

Real estate consultancy JLL Lanka this week commended the passing of the recent legislation pertaining to foreign ownership of land in Sri Lanka, noting that the move will

The Board of Investment (BOI) has terminated the agreement with World Capital Centre (WCC) to build the Asia’s tallest building in Colombo with a US$ 2.4 billion investment.

ISLAMABAD (AFP) - The International Monetary Fund has called on Pakistan’s new government to act fast to stabilise its teetering economy, warning growth will likely slow and inflation rise, but made no mention of a new bailout deal.

MANILA (AFP) - Philippine inflation jumped to an almost 10-year high in September, data showed yesterday, putting pressure on President Rodrigo Duterte to act as the cost of food and fuel hit the country’s poor in the pocket.

The Board of Investment (BOI) yesterday denied corruption allegations relating to the 488 million euro mega integrated high-speed train manufacturing plant project’s approval process, 

Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and SMEs are struggling to advance their business capacities due to lack of skills and relevant business education. 

COLOMBO (Reuters) - The Sri Lankan rupee hit a record low for a third straight session yesterday due to dollar demand from importers and foreign banks amid outflows from govern

SriLankan has achieved the remarkable feat of being named the world’s most punctual airline in the month of September 2018 in the key categories of ‘Global Airlines’ and ‘Major Airlines’, by the flight data analysis comp

THE HAGUE (AFP) - Anglo-Dutch consumer giant Unilever, maker of iconic products like Marmite, yesterday ditched its post-Brexit plan to move its main headquarters from London to Rotterdam after a revolt by shareholders.

TOKYO (AFP) -  Japanese car giant Toyota said yesterday it is recalling more than 2.4 million hybrid cars over a fault that could cause crashes, just a month after another recall affecting hybrids.

Diversified conglomerate, Melstacorp PLC could be looking to acquire targets as the group sits on a large cash pile while generating a robust free cash flow, and its current debt stays conveniently serviceable, says Fitch Ratings.  

The Government of Qatar will soon be simplifying the migrant work visa application process that will expedite the visa processing for Sri Lankan migrant workers.  This service, which will first be introduced in Sri Lanka and then rolled out in o

Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka and United Nations Development Programme (UNDP) convened the second Annual Private-Public Partnership (PPP) Forum in Colombo recently. 

Tourist arrivals grew only 2.8 percent to 149, 087 in September, the lowest growth recorded so far this year, amid a sizeable drop in tourists from Middle East, the data released by the Sri Lanka Tourism Development Authority (SLTDA) showed.

The Ceylon Motor Traders Association (CMTA), an industry Association consisting of local agents for global automotive manufacturers, yesterday proposed to the government to implement a scheme to re

The Ministry of Finance and Mass Media is likely to issue a gazette shortly opening up the less than container load (LCL) business, allowing multi-country consolidation (MCC) and entrepot trade to all players, which is seen as a vital step towards th

(Colombo) REUTERS: The Sri Lankan rupee hit a record low for a second straight session yesterday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a second consecutive session.

Laugfs Gas, a pioneer in Sri Lanka’s power and energy sector, is set to open its LPG storage complex established at the Hambantota port for commercial operations this November.

The government has allocated little over Rs.2,057 billion for debt servicing in 2019—the highest amount allocated from a budget in the history of Sri Lanka.

Sri Lanka may go for an International Sovereign Bond (ISB) issue before the end of this year on top of the plans to raise US $ 500 million through Panda and Samurai bonds.