A recent research has recommended the government to have a relook at the proposed tobacco cultivation ban by 2020, with a four-year phase-out period and financial assistance to tobacco farmers to diversify into other crops, as the employment of over

The Securities and Exchange Commission (SEC) has cleared a private placement deal the troubled Anilana Hotels & Properties PLC was trying to enter into with Singapore-based Somap International Private Limited, since last year.

The Sri Lanka Association of NVOCC Agents (SLANA) this week urged the government to convert Ceylon Shipping Corporation (CSC) to a strong regional non-vessel operating common carrier (NVOCC) operator and remove excess regulations to revive the nation

There is no shortage of sceptics of China’s Belt and Road Initiative (BRI). Indeed, stories about the BRI often include the evocation of debt ‘traps’ and ‘vassal states’. While some concerns merit consideration, popular

Tower cranes and giant caterpillars moving busily at multiple construction sites is the first sign of a fast-moving economy.

US President Donald Trump is repeatedly boasting about his success in negotiating with North Korea. For decades and through many administrations, every leader said that peace and denuclearization of the Korean Peninsula were not even small possibilit

The almost 70-year old Monetary Law Act (MLA) is currently being amended to take away the voting powers of the Finance Ministry at the Monetary Board, as the amended law aims to provide greater autonomy for the Central Bank over monetary policy formu

A Cabinet paper to establish a Development Finance Corporation (DFC) is being prepared by the Finance and Mass Media Ministry, Prime Minister Ranil Wickremesinghe said yesterday.

Sri Lanka may receive funding assistance from China-backed Asian Infrastructure Investment Bank (AIIB) for its Urban Regeneration Programme, which aims at relocating 50, 000 lower middle-income households living in slums in Colombo into new apartment

Central Bank Governor Dr.Indrajit Coomaraswamy says the criticism on Sri Lanka-Singapore Free Trade Agreement (SLSFTA) is not based on facts as there are no provisions enabling the free movement of professionals. 

Ceylinco Insurance PLC yesterday marked its inclusion in the S&P Sri Lanka 20 Index as part of the June 2018 mid-year rebalance of the index with a bell ringing ceremony on the trading floor of the Colombo Stock Exchange (CSE). 

In Sri Lanka, as in the rest of South Asia, improving agricultural production has long been a priority to achieve food security. 

During the past few weeks, there were reports in the local press that some of the rubber estates under the management of plantation companies are being converted to oil palm plantations. 

The Sri Lanka Customs is to launch an automated container tracking and logging system for imported cargo on a temporary basis at the Colombo port within the next six months, until the work on the proposed ‘smart customs area’ is completed

(Colombo) REUTERS: Sri Lanka’s tea output rose 11.04 percent in May from a year earlier, aided by good agro-climatic conditions and lower production in the previous month, the state-run Tea Board said yesterday. 

Sri Lanka is increasingly becoming a destination for budget travellers, with the island nation failing to attract high-spending tourists due to a lack of a comprehensive destination marketing campaign and reliance on promotional activities carried ou

Sri Lanka’s coconut yield may normalise by next month to reach 2800 to 2900 million nuts for this year, according to Plantation Industries Minister Navin Dissanayake.

Although Sri Lanka has been successful in improving the agricultural production to achieve food security, the World Bank yesterday highlighted that malnutrition still remains a major issue, just as it is the case for the rest of South Asia, due to th

(Colombo) REUTERS:  The Sri Lankan rupee closed slightly weaker yesterday in dull trade, while dollar selling by a state bank limited the downside, dealers said.

Sri Lanka will no longer be able to finance the repeating cycles of flawed economic policies as the country’s access to concessionary loans has become “very limited”, given its lower middle-income status.

The frontline employees are a key connection for managing customer information because they frequently collect it. Whether they’re retail sales clerks or highly trained technical salespe

Sri Lanka’s listed entities reported some strong growth in earnings for the quarter ended in March (1Q18), as the traditional leading sectors continue to push up market earnings while the one-off gains in insurance sector further lifted overal

The Securities and Exchange Commission (SEC) said yesterday it would expedite the launch of the proposed Small and Medium Enterprises (SME) board on the Colombo Stock Exchange (CSE) to attract small and medium sized firms to the country’s capit

The Sri Lanka Ports Authority will soon seek Cabinet approval for the new development plan of the East Container Terminal (ECT) of the Colombo port, according to a top SLPA official. 

Launching the ‘Enterprise Sri Lanka: Entrepreneurs Paradise Loan Scheme’ last Friday in Colombo, Finance and Mass Media Minister Mangala Samaraweera said entrepreneurs would be the engine of growth of the new economy which the government

Prime Minister Ranil Wickremesinghe handing over a loan under the ‘Entrepreneurs Paradise Loan Scheme’ to a female entrepreneur in the presence of Public Enterprise Development Minister Lakshman Kiriella at the BMICH, last Friday 

(Vienna) REUTERS:  OPEC moved closer yesterday towards boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage.

(Colombo) REUTERS: The Sri Lankan rupee ended firmer yesterday, further pulling away from a record-low, as exporters sold the U.S. dollar and foreign investors bought government securities a day after the

(Colombo) REUTERS: Sri Lankan shares ended steady yesterday, staying close to the 14-month low hit this week and marking their fifth straight week of losses. The Colombo stock index ended 0.01 percent weaker at 6,228.15, hovering near its lowest clos

There will be a marked improvement in the country’s macroeconomic fundamentals, following the payment of US$ 584 million (approximately Rs.94 billion), the last tranche for the Hambantota Port Development Project by China’s  CMPort,