(Colombo) REUTERS: Sri Lankan shares ended weaker yesterday to post their tenth session of declines in 11, as worries over new tax proposals weighed on investor sentiment.

If you have followed carefully throughout the previous instalments, by now, you would be able to create a good CRM strategy. 

Sri Lanka is committed to establishing a National Single Window (NSW) for international trade as a policy priority, with the support of the private sector. A NSW allows exporters and importers to submit documents at a single location or entry point,

Moody’s Investors Service (Moody’s) continued to flag Sri Lanka’s weakened foreign debt affordability and increased roll-over risks as the emerging and frontier markets remain highly vulnerable  to the tightening financing cond

A leading mini-hydro power developer in the country says the government should implement a proper long-term tariff mechanism to boost investments into the country’s energy sector. 

On August 28th and 29th, over 500 delegates encompassing Chief Executives, CFOs, Directors and senior managers in the country will be in attendance for the CIMA Business Leaders’ Summit held under the theme ‘From Insight to Impact –

The Finance Company PLC’s (TFC) losses expanded during the quarter ended June 30, 2018 (1Q19) as the beleaguered finance company saw further erosion in its customer deposits while customer advances declined. 

Chinese firms are in negotiation with Sri Lanka’s Plantation Industries Ministry to set up joint ventures with local firms to infuse substantial capital into rubber, tea and coconut plantations and production value chains to boost production an

People looking at a driverless rental car by Pand Auto, during the Smart China Expo at Chongqing International Expo Center in southwest China's Chongqing this week (AFP)

COLOMBO (Reuters) - The Sri Lankan rupee hit an all-time low of 160.96 per dollar yesterday, dragged down by importer dollar demand and less dollar inflows, dealers said.

 WASHINGTON (AFP) - US officials holding a two-front batt

Petroleum Resources Development Minister Arjuna Ranatunga said that Ceylon Petroleum Corporation (CPC) is the only institution which gives the highest revenue to the Treasury. 

HONG KONG (AFP) - Shares in an Asian casino operator plunged in Hong Kong yesterday as it said its tycoon head had gone missing, the latest setback for the firm after a project in Manila had 

Uber Eats, the food delivery app by ride-hailing company Uber, is all set to launch its services in Colombo next month. Similar to the Uber rides app, Uber Eats is a food delivery app that helps bring food to consumers in a convenient and reliable ma

Asian markets were mixed yesterday as China-US trade talks wrapped up with little progress being made, while the dollar held up ahead of a key speech by the head of the Federal Reserve.

FRANKFURT (AFP) - European powerhouse economy Germany notched up a record government budget surplus in the first half of 2018 as well as rebounding to stronger growth in the second quarter, official data showed yesterday.  Federal, state and mun

A  Sri  Lankan man carries clothes racks for sale in Colombo. Sri Lanka’s countrywide consumer prices in July rose to 3.4 percent on year-on-year basis from 2.5 percent in June.  The increase was driven by low base in the previou

The Cabinet of Ministers this week approved a proposal to set up a temperature-controlled storage facility with an investment of Rs.475 million in Dambulla, a key farming region in the country’s North Central Province. 

The government has decided to increase concessions and thereby improve the productivity of the plantation sector, which still remains a major foreign exchange earner that e

(Colombo) REUTERS: The Sri Lankan rupee hit a fresh low of 160.82 per dollar yesterday as importer dollar demand and foreign outflows from government securities weighed on the currency, dealers said.

Moody’s Investors Service (Moody’s)  said the Central Bank has room to be more accommodative in their monetary policy, as the planned changes to the Monetary Law Act (MLA) are expected to enhance monetary policy effectiveness, helpin

(Sydney) REUTERS: The World Bank has priced the world’s first public bond created and managed using only blockchain in an A$100 million (US$73.16 million) deal 

(Colombo) AFP: Sri Lanka’s national carrier will launch a new search for an equity partner after the IMF warned the loss-making airline was dragging the country’s economy down, officials said Wednesday.

Tata Motors, a member of India’s Tata Group, expects Sri Lanka’s motorcar market to more than double by 2022 while the motor car penetration is also predicted to be doubled in the period.

Ceylinco Life has more than doubled the pre and post-tax profits at the end of the second quarter of 2018, sustaining its growth momentum with consistent operational performance.

Uber, the world’s largest on-demand ride-sharing company recently announced the launch of its UberTUK service in Colombo. 

(Colombo) AFP: Japan has pledged to help strengthen Sri Lanka’s maritime security, authorities said Tuesday, in a new sign of efforts to counter China’s strategic grip on the Indian Ocean island. President Maithripala Sirisena thanked Jap

The depreciation of the Sri Lankan rupee and regulated pricing on pharmaceutical drugs could threaten the diversified conglomerate Hemas Holdings PLC’s (AA-(lka)/Stable) profitability in FY19, credit rating agency Fitch Ratings said in a brief

The failure to adopt a resolution to take AIA Insurance Lanka PLC (AIA Sri Lanka) private at an Extraordinary General Meeting (EGM) this week will neither affect the insurer’s business in Sri Lanka nor its parent company’s commitment towa

Even within the financial sector, few are familiar with the term Legal Entity Identifier (LEI). Understandable, given that it’s hard to associate a directory of legal entities with high-quality information flows that meet regulatory requirement