Profits at Melstacorp PLC surged mostly due to one-off gains amid mixed performance in its business segments as the former Distilleries group is still undergoing a far- reaching restructuring process with buying and shedding entities. 

Sri Lanka’s tourism sector that is gathering steam to become the top revenue earner for the country saw its potential and opportunity showcased to state school principals yesterday, which was an effort taken by the key stakeholders to fuel the

The Colombo Stock Exchange (CSE) has announced the following changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 mid year index rebalance.

Sri Lanka is to replace the 12-year old public procurement guidelines by this August with a new set of guidelines, aiming to enhance transparency, accountability and efficiency of the procurement process, while cutting down related costs by almost 10

Sri Lanka’s State-owned Lanka Mineral Sands Limited is to sell 25, 000 metric tonnes of ilmenite to the United Arab Emirates-based Rescom Mineral  Trading FZE.

The Procurement Appeal Board (PAB) has rejected the 300MW Kerawalapitiya Liquefied Natural Gas (LNG) power plant tender contract to the lowest bidder, Lakdanavi Ltd, a subsidiary of LTL Holdings, and instead recommended the contract to be awarded to

President’s Counsel Sanjeeva Jayawardane impugned before the Supreme Court that the Free Trade Agreement (FTA) Sri Lanka has entered into with Singapore is inimical to the interests of Sri Lanka. He lamented that it is totally incompatible with

Sri Lanka’s banking sector loans accelerated during the last three months as people continued to borrow more for consumption defying higher interest rates, SMEs for their working capital and some corporates to complete their mega expansion proj

(Washington) AFP: The US Federal Reserve raised the benchmark lending rate on Wednesday for the second time this year, and signaled it will be more aggressive about rate increases in 2018 and 2019 amid “strong” economic growth.

The Index of Industrial Production (IIP), which measures the volume of industrial production, has decreased slightly by 0.7 percent in April compared to the corresponding month of the previous year, the Census and Statistics Department (DCS) Director

The protection for Intellectual Property (IP) is vital to support growth and stimulate innovation in developing countries, provided that they are implemented at the right time, and Sri Lanka is at the right st

If there was any leniency enjoyed by the Sri Lanka’s finance companies on their capital and disclosure requirements thus far, such will end soon as the sector is set to come under a BASEL-like regulatory framework

(Colombo) REUTERS: The Sri Lankan rupee touched a fresh low yesterday on dollar demand from importers, just days after it slipped to a record low, but a late bout of selling of the U.S. currency by exporters helped cut losses, dealers said.

There will be no Mirror Business tomorrow in view of today’s Public and Bank holiday. The next issue will be on Monday (18).

New investments in the hotel sector amounting to US $ 2.8 billion will require thousands of newly trained workers in the next couple of years. This was revealed by Minister of Tourism Development and Christian Religious Affairs, John Amaratunga at th

Attention has been drawn to introduce an import tax on imported sanitaryware products as a measure to protect the local manufacturers of such products, a statement from the Presidential Media Division said.

In Sri Lanka we take pride in our women. Girls are educated on par with boys. Women are welcome in most careers and the pathway up in terms of promotions and achievements is open. 

The Chamber of Construction Industry of Sri Lanka (CCISL), as the apex representative body of all those engaged in the construction sector, has entered into a historic memorandum of understanding (MoU) with the China International Construction Associ

Sri Lanka’s third largest private lender by assets, Sampath Bank PLC, which was recently included in the MSCI Frontier Market 100 Index, says the bank is ready to launch the first-ever blockchain-based product in Sri Lanka, this year. 

(Colombo) REUTERS:  Sri Lankan shares ended lower for a sixth straight session yesterday to hit their lowest closing in nearly six months, as foreign investors sold banking shares such as Commercial Bank of Ceylon PLC.

In a strategic move to reposition the entity to represent the Group’s business vision and take on the dynamic, technocentric business world of tomorrow, Taprobane Group announced the transformation of the Group including the name change to Ambe

In an interview recorded for an upcoming documentary by award-winning filmmaker Bryan Bruce, Nobel Prize-winning economist, Professor Joseph Stiglitz says, “New Zealand should have taken much more time over getting into the Comprehensive and Pr

Enhancing economic corporation, the Government of Sri Lanka yesterday signed three memorandums of understanding (MoUs) with the Government of Finland, on digitalization, health and education sectors in addition to two private sector agreements on hig

A giant entered into an agreement with a child! It happened on January 23, 2018, in Sri Lanka. The true parties were Singapore (giant) and Sri Lanka (child). Why? Both are not of ‘equal status’ to create economic relations. The difference

Governments grapple with the issue of having in place appropriate sets of human resource practices to push public servants to perform and for an emerging island nation such as Sri Lanka, the battle remains a hard one, where victory seems to be farfet

The Chamber of Construction Industry of Sri Lanka (CCISL), as the apex representative body of all those engaged in the construction sector, has entered into a historic memorandum of understanding (MoU) with the China International Construction Associ

Sri Lankans have mostly borrowed for consumption but borrowings for manufacturing and agriculture come at distant fourth and fifth positions, demonstrating the country’s increasing tilt toward a consumption economy at the expense of industriali

Sri Lanka will look to diversify exports to Iran after Tehran proposed to host the island to a round of trade negotiations this August, the Industry and Commerce Ministry said.

Sri Lanka is to consider limiting new approvals for tourism projects in tourist hotspots as over visitation threatens the sustainability of the country’s tourism industry.  Addressing the 39th Graduation Ceremony of the Sri Lanka Institut

Enhancing economic corporation, the Government of Sri Lanka yesterday signed three memorandums of understanding (MoUs) with the Government of Finland, on digitalization, health and education sectors i