Sri Lanka attracted US$ 1303 million in net Foreign Direct Investments (FDIs) in 2017, almost doubling FDIs YoY compared to 2016, according to United Nations Conference on Trade and Developm

REUTERS: The Sri Lankan rupee hit a fresh record low of 158.90 per dollar yesterday, as importer dollar demand offset the lack of greenback sales by exporters who expect the currency to drop further, 

REUTERS: Sri Lankan shares ended weaker yesterday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc , brokers said. 

If there is a single most nagging issue in the country’s State sector, it is the weak productivity inherent in the public service which has been dragging the economic growth in the post independence Sri Lanka, and the 

Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strat

Doha Bank, the third largest conventional bank in Qatar yesterday inaugurated its representative office at World Trade Centre (WTC) in Colombo, becoming the first Gulf bank to be launched in the country. The bank is said to be aiming to promote bi-la

(Colombo) REUTERS: Sri Lankan shares ended slightly weaker on Wednesday, hovering near their lowest close in over five months hit earlier in the week, led by diversified shares such as John Keells Holdings PLC, while foreign buying helped boost the t

The stock exchange in any country is comprised of leading companies which play a pivotal role in the respective economy. 

The country’s budding ICT sector was yesterday looked up to by the government to help reach national export targets in the medium term and was urged to boost its efforts to ensure not only its progression, but also the industries it supports.

Research shows that many of the microplastics in our bodies come from the air we breathe – not just from drinking bottled water or eating fish from polluted oceans. Due to their small size, microplastics can be inhaled and may induce a wide ran

The US 10-year treasury yield recently hit 3 percent, the so-called “psychological ceiling,” for the first time in five years. It remains to be seen whether the long-term rate will settle there, but capital markets in advanced and emergin

There is piercing hopelessness for the future when listening to certain political rhetoric in Sri Lanka. 

In the context of strained public finances and limited borrowing capacity for developing countries, there is growing debate on the roles of public and private actors to deliver the trillions of dollars of infrastructure necessary to achieve the Susta

To facilitate Foreign Direct Investment (FDI), Sri Lanka is launching this week an innovative online one-stop shop to help investors obtain all official approvals. To mark the occasion, this blog series explores different aspects of FDI in Sri Lanka.

The Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund said they upped their position in Sri Lanka’s premier blue chip John Keells Holdings PLC (JKH) following the latter’s exclusion from

Tourist arrivals to Sri Lanka in May rose 6.2 percent year-on-year (YoY) to 129, 466, recording the lowest arrival number so far this year. For the first five months of the year, the cumulat

The losses at The Finance Company PLC (TFC) widened many-fold during the period ended in March 31, 2018, as the troubled licensed finance company saw the hole in its balance sheet deepening with over Rs.16 billion in negative shareholder funds.

Finlays Colombo Limited has entered into a binding agreement to dispose its insurance broking business to a Singaporean party, according to the company’s 2017/18 annual report.

Fitch Ratings sees further consolidation by way of mergers and acquisitions (M&As) in Sri Lanka’s insurance market, particularly in the general insurance segment, as the players continue to compete in a crowded market amid tougher operating

One Transworks Square (Pvt) Ltd together with Zhong Tian Ding Hui (ZTDH) Company yesterday announced that it is ready to transform Colombo’s skyscape with South Asia’s tallest building, rising to a height of 376 meters in 92 floors by 202

The Tourism Development and Christian Religious Affairs Ministry yesterday announced the appointment of veteran marketer Dehan Seneviratne as the Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman with effect from June 4, 2018.

Sri Lanka Insurance (SLI) has declared a life insurance bonus of Rs.6.8 billion for this year, recording the largest life insurance bonus ever to be declared in Sri Lanka’s insurance industry. 

Hatton National Bank PLC (HNB), Sri Lanka’s second largest private sector lender by assets, yesterday announced a breakthrough partnership with popular retail department store, ODEL to lead the syndication of a Rs.5.4 billion loan to fuel the e

(Colombo) REUTERS: Sri Lankan shares ended weaker yesterday to hit their lowest close in more than five months as investors sold telecom and banking shares, while foreign buying curbed further decline.

About two decades ago, prior to the Asian financial crisis, investor overconfidence triggered a mispricing of risk on Asia’s economic prospects. The region’s policymakers and financial markets became complacent and risk aversion dropped,

Sri Lanka’s CIC Holdings PLC, which has its core interests in the country’s agriculture sector, said it carried out a re-strategizing exercise, which accompanied a voluntary retirement scheme (VRS), aimed at creating a more fluid and effi

Today the rise of emerging markets, the accelerating impact of technology, new talent demands, an aging population, and the easy flow of capital and knowledge are having a transformative impact on business, leaders and economies. By 2025, a single re

The tourism industry has been referred to as a ‘Thrust industry ‘and ‘Engine of growth’ by the state ad nauseam, while in reality the industry is paid only lip service. The immense benefits both direct and indirect often go un

The growing global trade volumes across all trade lines kept both air and ocean freight operations busy at Expolanka Holdings PLC during the January-March quarter, giving the much-needed impetus to the logistics player’s top and bottom lines.&n

Following the introduction of the automatic pricing formula on fuel prices by the government last month, the International Monetary Fund (IMF), with whom Sri Lanka has an ongoing Extended Fund Facility (EFF) arrangement, now wants the government to c