(Colombo) Reuters: The Sri Lankan rupee hit a record low for a 12th straight session yesterday, tracking weakness in emerging markets stocks and currencies, while rising demand for the greenback from importers also weighed.

Following is the keynote speech delivered by MAS Holdings Chief Growth Officer and Director Nathan Sivagananathan at the 19th annual general meeting of the Tea Exporters’ Association, held on August 31, 2018.

The Ministry of Finance will launch a special hotline next week to receive public complaints on the Enterprise Sri Lanka (ESL) loan scheme as several reports have emerged that some banks have turned away the ESL loan applicants.

(Colombo) REUTERS: Sri Lankan shares rose for a fifth straight session yesterday and marked their highest close in more than three weeks, led by gains in banking and beverage stocks.

(Colombo) REUTERS: The Sri Lankan rupee fell to an all-time low yesterday, marking its 11th straight session of setting fresh record lows. The rupee, which hit a record low of 161.97 early in the trade, closed at 161.95/162.05 per dollar, compared wi

Ministry of Finance will launch a special hotline next week to receive public complaints on Enterprise Sri Lanka (ESL) loan scheme as several reports have emerged that some banks have turned away ESL loan applicants.

Sri Lanka’s striving logistics industry was yesterday advised by the government to take up a more proactive role in pushing the industry forward and overcoming prevailing challenges by capitalizing on the country’s strengths, so that the

Russian airline, Aeroflot, will re-launch regular non-stop flights to Colombo from October 28, the Moscow-based airline announced this week.  The airline stopped regular flights to Colombo around a decade ago.

Nathan Sivagananathan who drives strategy, growth and innovation at local apparel major  MAS Holdings, proposes Sri Lankan tea industry to set up a tea trade zone or a bonded hub

Businesses with a cumulative investment of approximately Rs.26 billion in the oil palm industry in Sri Lanka came together in Colombo on August 30, 2018, to formally inaugurate an industry association under the aegis of the Ceylon Chamber of Commerce

Belluna Co., a Tokyo Stock Exchange - First Section listed company, and a significant player in the global real estate industry said, it would invest up to US$ 500 million in Sri Lanka’s real estate and hospitality sectors. 

China’s massive and expanding ‘Belt and Road’ trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.

IFC, the private sector funding arm of the World Bank, has significantly cut its exposure to the shares of Sri Lanka’s leading telco, Dialog Axiata PLC, most likely at a loss, according to stock analysts Mirror Business talked to.

The external environment facing Asia Pacific economies is becoming more difficult, but is unlikely as yet to have a significant impact on sovereign credit profiles, says Fitch Ratings.

With the fate of Sri Lanka’s plantation industry continuing to remain a hot-button issue of debate in the media, numerous views have been aired on the rationale behind the privatization of State plantations in 1992. 

Weak consumer sentiments hit Cargills Ceylon PLC as the country’s largest privately-owned retailer saw very little growth in the basket values of the shoppers during the quarter ended June 30, 2018.

Naturally, humans are willing to receive higher wages and salaries with the hope that it will lead to a better living standard. That is why; they stage strikes and demonstrations demanding higher salaries. 

A leading academic recently proposed to set up a coordination body and to launch a comprehensive watershed management plan to manage Sri Lanka’s water resources effectively as the current uncoordinated intuitional framework poses risks to the c

Motor car registration surged to three-year high in July before the Finance Ministry put brakes on the influx of motorcars with smaller engines in August, according to the vehicle registration data compiled by JB Securities, a Colombo-based equity br

Sri Lanka is strengthening relations with Vietnam and the Association of South East Asian Nations with Prime Minister Ranil Wickremesinghe due to address a World Economic Forum regional meeting in Hanoi shortly, officials said.

Turning a new page in the history for key Sri Lankan economic drivers—SMEs, informal enterprises and unlisted businesses—a pioneering financial auditing framework was unveiled in Colombo recently.   

Prime Minister Ranil Wickremesinghe affirmed that terming Sri Lanka’s tea industry as a matured industry was a mistake and asserted that the industry needs the state support to withstand growing

The Central Bank should play the role of a smart wife when dealing with the government, treating it as a husband who does things for overall welfare of the family while preserving its independence, said a retired Central Banker. 

The seismic vessel BGP Pioneer has arrived at the Colombo port to conduct a modern broadband 2D seismic survey for hydrocarbon exploration in selected offshore locations around the country. The study is carried out by Eastern Echo DMCC, a fully owned

Emerging market currencies sank in Asia yesterday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.  

A delegation of 14 entrepreneurs from one of China’s leading business chambers, the China International Chamber of Commerce for the Private Sector (CICCPS) visited the BOI with a view of exploring possibilities of investment in the island.

WASHINGTON (AFP) - With Friday’s deadline fast approaching, talks continued late into the night on Thursday without reaching a deal between Canada and the US on an overhaul of the North American Free Trade Agreement.

BEIJING (AFP) - Amid farmlands on the outskirts of Beijing, a massive construction site rising above the horizon bustles with activity as 8,000 workers build a new mega airport.

Emirati and foreigners eat at a restaurant in Dubai.

BEIJING (AFP) -  African leaders will gather in Beijing Monday for a summit focused on economic ties, granting China a feel-good photo opportunity as it comes under increasing fire for its debt-laden approach to aid in the developing world.