Green Leaves Leisure (Pvt.) Ltd, a subsidiary of Green Leaves Group, on Tuesday guaranteed to bring 16,000 additional Chinese tourists to Sri Lanka monthly for the next 10 years, commencing this May, with the aim of making China the largest source ma

Sri Lanka’s apparel exports grew at a slower pace than the industry expectation during the first quarter this year, recording a growth of 4.1 percent to reach US $ 1.269 billion, compared to the US $ 1.219 billion recorded in the first quarter

REUTERS: The Sri Lankan rupee hit a fresh low on Wednesday on importer demand for the U.S. currency, dealers said, but recovered after the central bank intervened in the market.

REUTERS: The Sri Lankan rupee gained for the first time in seven sessions yesterday, edging up from a record closing low hit in the previous session, dealers said. The currency hit a record l

The State Bank of India (SBI) has decided to shut down six non-viable overseas branches, which includes the Sri Lanka’s Jaffna branch, according to Indian news reports. 

Green Leaves Leisure (Pvt) Ltd., a subsidiary of Green Leaves Group, yesterday guaranteed to bring 16,000 additional Chinese tourists to Sri Lanka monthly for the next 10 years commencing this May, with the aim of making China the largest source mark

Dinesh Weerakkody, the former Chairman of Commercial Bank of (Ceylon) PLC, will take over as the Chairman of Hatton National Bank PLC (HNB) with effect from May 26, 2018.

Sri Lanka risks losing a key market for its high and medium grown teas as tea exports to Japan remain close to zero during this year amid Japanese authorities rejecting several tea shipments during last four months amounting in value to approximately

It is an established fact that the real estate industry makes an important contribution to the economy of a country and to the welfare of its people.

To begin, after the financial crisis, the regulators and funds came up with a new bunch of new governance structures and rules that they wanted their companies to practise and adopt. This new governance regime brought about new challenges for the cha

Under the leadership of Prime Minister Narendra Modi, India has advanced its ‘Act East’ policy, an upgraded version of the 1990s ‘Look East’ policy. This new approach encompasses a more robust political and security engagement

The term “demand destruction” is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back on their fuel consumption.

Many people use strategies and tactics interchangeably but anyone with military experience can tell you they’re different. Senior management usually define strategies, while middle managers and those who execute employ tactics. 

The Export-Import Bank of Korea (Korea Eximbank) has agreed to provide KSP (Knowledge Sharing Program) policy consultation to establish an automated taxation system in the Colombo Municipality. 

Sri Lanka has won the bid to host the Round Table International World Meeting (RTIWM) 2018 connecting four leading hotels in Negombo from 5th to 9th September, the organizers of the event announced at a recent press briefing. 

Pakistani High Commissioner in Sri Lanka Major General (retd) Shahid Ahmed Hashmat said that both Sri Lanka and Pakistan should work towards achieving an annual bilateral trade value of US$ 1 billion to strengthen the economic potential of the two co

REUTERS: Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year on worries a stronger yen would erode their operating earnings, wiping out the impact of record high global vehicle sales.

REUTERS: The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technol

The World Bank Board of Executive Directors has approved a US $100 million credit to support Sri Lanka’s efforts to strengthen and modernize its education system.   The General Education Modernization Project (GEM) will modernize and

State Minister of National Policies and Economic Affairs Dr. Harsha de Silva yesterday ruled out the possibility of introducing measures to contain the devaluation of the rupee, in the wake of the local currency hitting record lows against the U.S. d

 Top professional Ranel T. Wijesinha is tipped to be appointed as the new Securities and Exchange Commission (SEC) Chairman, Mirror Business learns. Wijesinha served as a Commissioner in the previous Commission headed by Thilak Karunaratne.

Government authorities have become the tourists in the previously thriving tourism hotspot of Mirissa, as overenthusiastic inter-agency cooperation has led to a crackdown in the region following two consecutive cases of sexual assault and assault on

Sri Lanka is to finally kick off the long-delayed tourism promotion campaign with a US$3.5 million worth six-month digital marketing campaign and a CNN advertising campaign in two weeks, Tourism and Christian Affairs Minister John Amaratunga said.

Ratings agency Fitch yesterday voiced concerns over the political uncertainty prevailing in Sri Lanka, saying that investor confidence may be affected unless political issues are swiftly resolved followed by the implementation of reforms and continue

Exporters urge the Development Strategies and International Trade Minister Malik Samrawickrama to fast-track the implementation of the budget proposal to set up a development bank with an EXIM (export-import) window, which is crucial to address the c

The parent companies of Hutchison Telecommunications Lanka (Pvt) Ltd. and Etisalat Lanka (Pvt) Ltd. have entered to into a definitive agreement to merge the operations of the two companies. 

The Central Bank yesterday described the recent sharp depreciation of the rupee against the U.S. dollar as a “normal demand and supply phenomenon,” and assured there’s no need for panic as the Central Bank has enough “firepowe

The Central Bank Governor Dr. Indrajit Coomaraswamy handed over the first copy of Central Bank’s Annual Report - 2017 to Minister of Finance and Mass Media Mangala Samaraweera yesterday at the Treasury as per the statutory requirement. Secretar

The government has made significant progress in disclosing the status of implementation of promises in the budget 2017 in the last six months of 2017 and beyond, compared to the first half, a leading think-tank in the country said.

Despite the higher sour loans and stalled credit growth due to higher interest rates, Union Bank of Colombo PLC (UBC) managed to improve its margins and report higher profits for the January-March quarter (1Q18) compared to the corresponding period o