The top line growth across major business sectors led by retail and healthcare and the tight cost controls helped Softlogic Holdings PLC to report better operating profits for the quarter ended March (4Q18), as the group

Fitch Ratings last week said Sri Lanka’s banking sector is bracing for some tough operating conditions in 2018 with muted loan growth and moderate asset quality, which could put pressure on profits.  As a result

(New York) REUTERS: A federal appeals court on Friday rejected a bid by Raj Rajaratnam, the highest-profile hedge fund manager convicted in a sweeping U.S. crackdown on insider trading, to void much of his 2011 conviction and shorte

Sri Lanka is to move ahead with the former government’s policy of establishing 20,000 hectares of oil palm in the country as a ‘supplementary income’ to the rubber plantation, Plantations Industries Minister Navin Dissanayake said

Vehicle registrations in April remained almost unchanged from the highs it reached in March, the vehicle registrations data compiled by JB Securities, a Colombo-based equity brokerage, showed.

Sri Lanka will end 2018 with gross official reserves of US $9.5 billion while further cutting its exposure to short-term swaps by another US $700-800 million, Central Bank Governor Dr. Indrajit 

Sri Lanka was showcased in all its splendour at the Shanghai World Travel Fair held at Shanghai Exhibition Centre in China last week.  This was the main highlight of a series of promotional events and meetings that were conducted across major ci

Skilling and improved human resources are crucial in government’s economic vision, but Sri Lanka is facing a supply crunch in such skilled personnel. 

MOSCOW(AFP): While the World Cup that kicks off later this month will focus the attention of football fans around the world on Russia it will have little impact on the country’s economy, analysts at Moody’s rating agency have said.

Workers of State-owned Lanka Sugar (Private) Limited flocked to President’s office on 31 on Thursday complaining that after the operation has been swapped to a different Ministry from its parent, it now risks falling back to a ‘loss-makin

Paris(AFP):  The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s stinging steel and aluminium tariffs that came into effect yesterday.

REUTERS: Sri Lankan shares ended largely unchanged near a five-month closing low yesterday as gains led by conglomerate John Keells Holdings Plc were offset by losses in large-cap shares such as Ceylon Tobacco Company , while foreign investors turned

The Sri Lankan rupee touched a fresh record low of 158.80 yesterday owing to dollar demand from foreign banks and importers but ended steady on late inflows from remittances, dealers said.

The Chefs’ Guild of Lanka unveiled the 18th edition of Culinary Art Food Expo (CAFE) 2018 yesterday at the BMICH Colombo with Tourism Development Minister John Amaratunga as Chief Gust.

The ongoing tax reforms in Sri Lanka have a good chance of succeeding by broadening the tax base, particularly in terms  of direct tax revenue mobilisation, although the high debt burden combined with rising interest rates in the present  g

Sri Lanka’s merchandize trade with other countries continues to give trouble to the policy makers as the deficit in the trade account expanded in March, albeit at a lesser pace due to record high exports during the month. 

(Colombo) REUTERS:  Sri Lanka’s recent adverse weather and weakening rupee currency will have little impact on inflation, Senior Deputy Central Bank Governor Nandalal Weerasinghe said yesterday.

(Colombo) REUTERS: Sri Lankan consumer prices rose 4.0 percent in May from a year earlier, edging up from the previous month’s 3.8 percent, government data showed yesterday. 

Sri Lanka needs to up its game in developing its tourism product and entertainment offering to attract higher spending tourists, a top official of Sri Lanka’s largest hotelier John Keells Holdings PLC (JKH), which owns and operates hotels and r

(Colombo) REUTERS: Sri Lankan shares fell for a fourth straight session yesterday and posted their lowest close in five months, dragged by conglomerate John Keells Holdings Plc on foreign investor selling.

The government yesterday said it would recruit 20, 000 unemployed graduates in two phases this year.

Talks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing doesn’t agree to Colombo’s demand for a review of the deal after 10 years, Sri Lanka’s top negotiator said.

UberINTERCITY goes live today for multiple outstation routes following a successful six-month pilot project from Colombo to Galle launched in December 2017.

The US’ decision to unilaterally abandon the nuclear deal with Iran is likely to put a damper on Sri Lankan tea exports, a leading tea broking house in the country said.

Petroleum Resources Development Minister Arjuna Ranatunga yesterday signed an agreement on behalf of the Government of Sri Lanka (GOSL) with Eastern Echo Holdings PLC, a subsidiary of US-based major oilfield services company Schulmberger, giving a ne

(Johannesburg) REUTERS: South African retailer and wholesaler SPAR Group Ltd plans to open two more stores in Sri Lanka, it said yesterday, after warning that fuel price hikes and currency weakness could affect its home market.  

(Colombo) REUTERS: The Sri Lankan rupee fell yesterday due to importer dollar demand following a holiday in the United States on Monday, while markets in the island nation were closed on Tuesday for a local holiday.

(Colombo) REUTERS: Sri Lankan shares fell for a third straight session yesterday and posted their lowest close in more than four months, as foreign investors sold diversified stocks such as conglomerate John Keells Holdings PLC and Aitken Spence PLC.

The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sector is in deep thirst for fresh capital as the banks brace for full implementation of BASEL III as earl

Sri Lanka ratified the World Health Organisation’s (WHO) Framework Convention on Tobacco Control (FCTC) in November 2003. The FCTC is a global treaty developed in response to the health consequences of tobacco consumption and the formidable pow