(Colombo) REUTERS: The Sri Lankan rupee ended marginally firmer in dull trade yesterday as selling off dollars by banks surpassed mild demand for greenbacks from importers, traders said.

Ceylon Tobacco Company PLC (CTC) yesterday announced that Susantha Ratnayake, who served as Chairman of the board of directors of the company, retired from the position with effect from July 31, 2018, having completed a term of five years as Chairman

Sri Lanka and Singapore have recently signed a bilateral free trade agreement – the Sri Lanka-Singapore FTA (SLSFTA). Apart from being a comprehensive and modern free trade agreement (FTA) in scope and coverage, the SLSFTA paves the way for Sri

Sri Lanka Insurance Corporation (SLIC) launches a fresh attempt to regain the market leadership in Sri Lanka’s insurance industry by implementing a three-year strategic plan partnering with a consultancy firm, aligned with fast-tracked branch e

What does the regulations enforced after August 1 mean for tuk-tuks?  I live in Moratuwa, down Diggala Road, a two-kilometre by-road from Keselwaata Junction on Old Galle Road. In my little hamlet, there are only two mini Lanka Ashok Leyland bus

Malaysia has expressed its strong interest in moving forward on the free trade agreement (FTA) with Sri Lanka that was initially contemplated in 2013, a communiqué from Sri Lanka’s Industry and Commerce Ministry said yesterday. 

John Keells Hotels PLC, the resort sector arm of the John Keells group, produced yet another disappointing quarterly performance as three of its resorts – two in the Maldives and one in Sri Lanka – were closed for refurbishment. 

Some solid growth in new loans and better margins lifted the profits of National Development Bank PLC (NDB) but the hefty provisioning against the possible bad loans and the resulting asset quality weakening stood out by  June 30, 2018. 

In response to the Mirror Business article titled ‘Spat between CB and FinMin delays Golden Key repayment’, published on July 30 (yesterday), Golden Key Credit Card Company (GKCCL) Ltd Chairman Priyantha Fernando clarified that GKCCL has

(Colombo) REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers surpassed greenback sales by banks, traders said.

Marino Mall, the mega shopping mall by Damro Group with an investment of Rs.12.5 billion, was opened to the public yesterday. 

SriLankan Airlines yesterday welcomed its newest and final addition to the Airbus A321 Neo fleet. The aircraft arrived from Hamburg via Abu Dhabi on July 29, 2018.

Mention Sri Lanka and tea, cricket, sea and safari typically come to mind. These are the more positive perceptions of the country. But political turmoil, policy confusion, currency depreciation and a bond scandal remain some of the negatives that the

According to the statistics released by China’s National Bureau of Statistics, China’s gross domestic product (GDP) growth rate in the first half of 2018 reached 6.8 percent. The national economy sustained the momentum of steady and sound

GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world.  

(Sydney) REUTERS: Australian investment bank Macquarie Group has appointed its first female CEO last week, promoting the 10-year head of its funds unit Shemara Wikramanayake to t

The Appeal Court last week allowed Hayleys Advantis Ltd and McLarens Investments (Pvt) Ltd to enter as intervenient petitioners to the writ petition filed by Parliamentarian Vasudeva Nanayakk

A dispute between Central Bank and the Finance Ministry has delayed the re-payment of above Rs.10 million deposit holders of the failed Golden Key Credit Card Ltd (GKCCL), failing to honour a pledge made to the Supreme Court by the government, Mirror

John Keells Holdings PLC (JKH), Sri Lanka’s highest valued business conglomerate, could not escape from the dampened economic activities in the country, as the group performance was hampered by its key consumer business segments.

India is concerned by the growing Chinese influence in the North and East of Sri Lanka. Some of this concern stems from a housing project recently awarded by the Sri Lankan Resettlement, 

The seventh World Peace Forum, organised by the Tsinghua University in association with the Chinese People’s Institute of Foreign Affairs, was held in Beijing from July 14 to 15. The theme selected for this year’s event was ‘Constru

Moody’s Investors Service yesterday affirmed Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 but maintained the negative outlook, which it first assigned to the island nation’s credit rating in June, 2016 and

The recently launched Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) plans to carry out investment promotions for Sri Lanka’s Rubber, IT, apparel and logistics industries in Germany as the German businesses are increasi

(Colombo) REUTERS: Sri Lankan shares extended their losses to a fourth straight session yesterday as foreign investors sold blue-chip stocks such as John Keells Holdings Plc and Hemas Holdings Plc. The Colombo stock index ended 0.14 percent weaker at

(Colombo) THOMSON REUTERS FOUNDATION: Dinesh de Alwis has lived all his life in Ratmalana, a suburb of Sri Lanka’s capital Colombo. When he was young, he remembers, he would rush outside every day at 4 p.m., to play with friends after school.

(Colombo) REUTERS: The Sri Lankan rupee ended steady yesterday as dollar demand from importers offset greenback selling by exporters in dull trade ahead of the long weekend, traders said. The rupee ended flat at 159.50/60 per dollar. It has declined

Sri Lanka’s Tourism and Christian Religious Affairs Minister John Amaratunga this week called the “grumbling Colombo hoteliers” to re-commence night club operations to retain more tourists in Colombo.

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry. Udeni, who is a traditional Beeralu lace maker from Galle, learned the technique from her mother and developed it int

Asia and the Pacific has enjoyed robust economic growth and experienced large reductions in poverty in the past few decades. Nevertheless, with the region home to 1.2 billion people living on less than US $ 1.9 per day (in 2011 PPPs), the internation

The origination of financial reporting can be closely connected to the requirement to collect and record data which evolved into a stage where the capacity of the human brain was not sufficient to accommodate and memorize the evolving volume of data