Sri Lankan firms are encouraged to explore opportunities in Bangladesh’s growing 160 million market for long-term growth prospects, which has also been termed as next China, due to the low cost and high return in manufacturing, as Sri Lanka&rsq

(Colombo) REUTERS: Sri Lankan shares extended losses into an eighth session yesterday and posted their lowest close in nearly 17 months, as foreign investors continued to sell, while a report about new tax proposals weighed on the market as well.

The new country branding for Sri Lanka Tourism will be unveiled at the World Travel Mart (WTM) in London in November this year, Tourism and Christian Religious Affairs Minister John Amaratunga said yesterday. 

(Colombo) REUTERS: The Sri Lankan rupee touched a record low of 160.65 per dollar yesterday as importer dollar demand and foreign outflows from government securities weighed on the currency, dealers said. The rupee hit 160.65 earlier in the trade, be

Business tycoon Harry Jayawardena-controlled diversified conglomerate Melstacorp PLC yesterday announced its entry into Sri Lanka’s healthcare sector. The company said it incorporated a holding company namely Melsta Health (Pvt) Ltd., through w

Sri Lanka’s countrywide inflation measured by National Consumer Price Index (NCPI) increased to 3.4 percent in July from 2.5 percent in June on year-on-year basis, the Department of Census and Statistics said yesterday.

The first cut of the master plan drafted by the British consulting firm Atkins on Hambantota port is likely to be received by November this year, a top official of the Hambantota International Port Group (HIPG) said.

(Colombo) REUTERS: The Sri Lankan rupee touched a record low yesterday as importer dollar demand, foreign outflows and government securities weighed on the currency, dealers said.

(Colombo) REUTERS: Sri Lanka’s tea output fell 7.3 percent in July from a year earlier, the state-run Tea Board said yesterday and the brokers attributed the fall to adverse weather conditions. 

(Colombo) REUTERS: Sri Lankan shares extended losses into a seventh session yesterday and posted their lowest close in nearly seven weeks, as foreign investors continued to reduce their holdings, while confusion over new tax measures weighed on the m

Amid the calls to open up the government tenders to the used or non-brand-new vehicle importers, the Ceylon Motor Traders’ Association (CMTA) yesterday urged the government not to move away from the internationally accepted procurement processe

Sri Lanka’s import tax exemption schemes are prone to abuse as they lack predictability, efficiency and openness, a study by a Colombo-based think tank has revealed. 

The railway strikes are over – at least for now. On August 8, several railway unions called a sudden strike in the afternoon hours, right before the tired office commuters would flock the Fort railway station to head home after a long day&rsquo

Dewayne Johnson, a groundskeeper who had been spraying glyphosate in some school premises in California and afflicted with a cancer condition called  non-Hodgkin lymphoma (NHL), won a court case a few days ago claiming that the cancer was caused

In what could be only termed as a ‘desperate’ move, the government is said to have enquired from the country’s banking sector of the possibility of increasing the pawning loans by at least half a trillion rupees, Mirror Business rel

Commencing from around the third week of July, the farm gate price of coconuts has dropped from a high of around Rs.45 to Rs.28 by August 15.

Hemas PLC’s pharmaceutical manufacturer and importer, Morison PLC, will go private subject to necessary shareholder and regulatory approvals. Morison’s director board has resolved to delist the company’s shares from the official lis

Significantly tighter external borrowing conditions are likely to further squeeze Sri Lanka’s debt affordability as the country grapples to rollover its mammoth US $ 17 billion foreign currency debt in the next five years amid tightening intern

The delay in taking an investment decision by the Employees’ Provident Fund (EPF) has delayed the sale of Weligama Bay Marriot Resort & Spa to a Singaporean firm, a stock market filing by East West Properties PLC said.

Diversified conglomerate Softlogic PLC will open its first supermarket outlet in fourth quarter of 2018, the company’s  annual report released last Friday to the Colombo Stock Exchange said.

Laugfs Gas PLC, Sri Lanka’s only private sector cooking gas player, narrowed its losses during the quarter ended June 30, 2018 (1Q19) as the group’s energy business made gains despite the administered prices on LP gas getting replaced by

Negotiations on the proposed Sri Lanka-Bangladesh Free Trade Agreement are likely to commence by the end of next month, as the joint feasibility study on the FTA is nearing completion, Bangladesh High Commissioner to Sri Lanka Riaz Hamidullah said. A

(Tokyo) REUTERS: Business confidence among Japanese manufacturers was at its highest in seven months in August thanks to a firm global economy, a Reuters poll showed yesterday, but the service sector’s mood hit its lowest since 2016, casting do

(Beijing) REUTERS: Japan’s Toyota Motor Corp will build additional capacity at its auto plant in China’s Guangzhou, a company source said, in addition to beefing up production at a factory in Tia

(Beijing/Washington) REUTERS: China and the United States will hold lower-level trade talks this month, the two governments told on Thursday, offering hope that they might resolve an escalating tariff wa

Having successfully wrapped a three decades’ run, Sri Lanka’s foremost apparel training body is to expand to the South Asian region next.  Meanwhile, for Sri Lanka to sustain its apparel advantage over the longer term, it needs to th

COLOMBO (Reuters) - Sri Lankan shares extended losses for a sixth straight session yesterday, marking their lowest close in more than seven weeks, as foreign investors trimmed equity exposure amid fears that the government may introduce new taxes on

A total of 6 Sri Lankan apparel manufacturers and 2 designers will participate in the four-day fair in Paris from 17th – 20th September.

WASHINGTON (AFP) - President Donald Trump said yesterday he was in “no rush” to complete a deal to rewrite the trade pact with Mexico and Canada. As Mexican officials were gathered in Washington for talks with US Trade Representative Robe

SriLankan Airlines has introduced a series of measures to mitigate inconvenience to its valued passengers from the closure of Cochin International Airport due to flooding.