Avocado’s analysis (‘What kind of liberals are these?’ –June 29) inspired retort from “Fellows of the Advocata Institute” (“The kind of ‘liberals’ we are”, July 24). These Fellows accuse us

The Sri Lanka Tourism Development Authority yesterday announced the relaunch of the annual Sri Lanka Tourism Awards, which is scheduled to be held on December 6, following a six-year hiatus.

By One of the objectives of the open economic policy as articulated by President J.R. Jayewardene in 1977 was to have an export-led growth strategy and to accelerate international trade and investments. This would enable the country to eventually hav

Sri Lankan multinational Hayleys PLC, which accounts for 3.3 percent of the country’s export earnings and has business interests spanning over 16 sectors, says it is “not worried” about the debt pile it

Weak sales and profits from the key power generation and tourism businesses hit Aitken Spence PLC performance as the Sri Lankan corporate monolith with interests in to wider business

The Central Bank has directed all finance companies in the country to consider the Sri Lanka Tourism Development Authority’s (SLTDA) license as a pre-requisite for granting loans to any tourism related business.

President Maithripala Sirisena last week appointed a committee of experts to study the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) and submit a report.  The President’s 

The State-controlled telecommunication behemoth, Sri Lanka Telecom PLC (SLT) reported strong growth during quarter ended June 30, 2018 (2Q18), as the group witnessed pick up in revenues in its fixed telephony and data operations.

HONG KONG (AFP) - Asian markets fell yesterday after a broadly positive week as traders await the latest developments in the China-US trade row, while the Turkish lira briefly dived 12 percent to fr

LONDON (AFP) - House of Fraser, the Chinese-owned UK department store chain, entered administration yesterday only to be swiftly snapped up by retailer Sports Direct for £90 million (US$115 million, 100 million euros).

LONDON (AFP) - Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed yesterday, helped partly by sunny weather and the World Cup football tournament.

Marching ahead with plans to industrialise the Northern Province, Industry and Commerce Minister Rishad Bathiudeen said the next phase of the development of Achchuveli Industrial Zone is plan

(Moscow) REUTERS: Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S. sanctions are poised to slash supplies of Iranian oil, the Inte

(Colombo) REUTERS: The Sri Lankan rupee edged down yesterday, in line with other emerging-market currencies, mainly due to global concerns, dealers said. The rupee, which hit an intraday low of 160.10 per dollar, ended at 160.00/10, compared with Thu

Dushan Soza, District Governor of the Rotary Club and its past District Governor Senake Amerasinghe called on the Minister of Finance & Mass Media, Mangala Samaraweera at the Finance Ministry yesterday. 

The Urban Development Authority (UDA) of Sri Lanka and Japan International Cooperation Agency (JICA) have been working together since February 2017 to formulate the urban development vision, plan and design guidelines with the objective of realizing

Volumes continued to pick up at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), with the company generating higher revenues and profits for shareholders and taxes for the gov

KMPG Sri Lanka remains bullish on Sri Lanka’s luxury real estate market as population growth, fast urbanisation, increasing housing requirement, surge in tourism and growth in household and per 

Singer Sri Lanka PLC reported modest growth in revenues and profits for the quarter ended on June 30, 2018 (1Q19) as the consumer durables retailer saw a rebound in business in all its segments, as the rural agricultural economy is seen recovering fr

Hayleys group’s coconut-shell based activated carbon manufacturer, Haycarb PLC, saw its June quarter (1Q19) earnings declining amid shortages and price escalations of coconut shell-bas

The Cabinet of Ministers this week approved a Cabinet proposal presented by Development Strategies and International Trade Minister Malik Samarawickrama to institutionally strengthen Sri Lanka’s main trade negotiation team, with the addition of

(Colombo) REUTERS: The Sri Lankan rupee closed marginally weaker yesterday on importer dollar demand, while dealers expect the local currency to stabilise around the current level in the short term.

ECONOMYNEXT: Sri Lanka can regain a majority stake in the terminal company at Hambantota port from China after 80-years for one dollar and the port will pay standard royalties on containers and bulk cargo after 25-ye

The Sri Lanka Gem and Jewellery Association (SLGJA) is proposing a regulatory framework to enhance the accountability in order to allow importation of gold bullion at zero duty for direct and indirect jewellery exports, while warning that the current

Sri Lanka is to develop six milk processing centres under the financial assistance from Natixis Investment Bank of France.

Two tourists enjoying the scenic beauty from the top of the famous Sigiriya rock fort,

The Cabinet of Ministers has given its approval to conduct a feasibility study to construct a domestic airport in the Digana, Maberiyathenna area.

Leading cement manufacturer, Tokyo Cement PLC, has identified the long delay in holding local government polls as the primary reason for the major slowdown experienced by the country’s construction sector, in addition to the negative effects fr

Last week’s excise increase on cigarettes demonstrate the government’s continued commitment to controlling smoking-related harm, whilst ensuring a steady inflow of revenue to state coffers from smokers. 

Time has passed by. Three years have gone after the sad demise of my mentor. A lot has been said by now about this legendary marketing sage, since his untimely departure in August 2015.