Sri Lanka’s motor car registrations in March rose sharply with pre-owned or reconditioned cars hitting a record since September 2015 when the vehicle imports reached an all-time high after the Central Bank printed money to keep bank credit chea

Professor Rohan Samarajiva has been appointed the new Chairman of the Information and Communication Technology Agency of Sri Lanka (ICTA) along with a new director board.

Sri Lanka yesterday pledged to protect tourists visiting the island nation as much as possible following a spate of attacks on foreigners, but stressed that the responsibility of protecting tourists falls on the tourists themselves, as well as every

Amidst the growing fears of an impending power crisis, the Ceylon Electricity Board Engineers’ Union (CEBEU) has informed the government that the country could experience intermittent power failures and prolonged recovery of such outages, as it

Sri Lanka has tightened its screws on money laundering and terrorist financing by amending the Companies Act, a Finance and Mass Media Ministry communiqué said. The European Parliament recently confirmed that Sri Lanka, Tunisia and Trinidad an

Sri Lanka Telecom PLC’s (SLT) unsecured Rs.7 billion debenture issue, inclusive of two greenshoe options, was subscribed on the opening day (April 11), despite two other large debenture issues opening on the same day.

Sri Lanka’s banking sector’s strength to withstand cyclical economic shocks remains weak and is affected by the country’s low income levels, said Standard & Poor’s, while revising the country’s economic risk trend to

National carrier SriLankan Airlines yesterday said it achieved a record unaudited annual passenger revenue of Rs.126.9 billion (US $ 830.7 million) for the FY2017/18 ended this March.

President Maithripala Sirisena, who arrived in London on Sunday night to attend Commonwealth Heads of Government Meeting (CHOGM) 2018, is scheduled to address the Commonwealth Business Forum tomorrow.

Amid the growing interest towards virtual currencies globally and locally, Sri Lanka’s Central Bank yesterday said it has not given the licence or authorization to any entity or company to operate schemes involving virtual currencies, including

As the economy continues to fall victim to nepotism, which taxes the nation in terms of income and productivity, Speaker of Parliament Karu Jayasuriya this week stressed the need to do away with the corrupt practice, so that the public enterprises ca

REUTERS: The Sri Lankan rupee closed marginally down yesterday on importer dollar demand in light trading ahead of the traditional festival this week, dealers said. The rupee closed at 155.65/75 per dollar, compared with Tuesday’s close of 155.

A proposal to the effect of introducing ‘standard packaging’ (colourless) for tobacco products has received the green light from the cabinet of ministers. The government said the proposal 

REUTERS: Sri Lanka’s state-owned Ceylon Petroleum Corp (CPC) is under pressure to raise fuel prices as the refiner incurred huge losses this year, cabinet spokesman Rajitha Senaratne said yesterday.

Sri Lanka’s future economic growth largely hinges on the prospects in the agriculture and domestic politics as adverse weather and toxic politics could derail the growth similar to what the country experienced in 2017, according to the Asian De

Due to the Sinhala and Tamil New Year holidays, Mirror Business will not be published from April 13 to 16. The next issue will be on April 17, 2018.  

CHEC Port City Colombo this week hosted its future utility partners, representatives from allied government agencies and prospective investors to an event themed ‘Roadmap to Prosperity’, held at The Kingsbury, to present the project&rsquo

It doesn’t matter if you are a listed company or not, you won’t be able to escape from the Securities and Exchange Commission’s (SEC) clout on you if you seek public funds for your business growth in the future.

Kotagala  Plantations PLC has divested the majority ownership in fully owned tea exporting subsidiary Union Commodities (Private) Limited for over Rs.1 billion to related parties, according to a filing at the Colombo Stock Exchange.  

About half a million Pay As You Earn (PAYE) tax payers will not have to pay taxes under the new Inland Revenue Act which came into effect from April 01, 2018, Finance Ministry said yesterday.

The World Bank yesterday commended the government’s keenness in promoting good governance but laid out its ‘wish list’ that may assist authorities to ensure better governance of public enterprises. 

Aiming for quick wins to move up the 2019 Ease of Doing Business rankings of the World Bank, the Sri Lankan government will be introducing online property search and registration services for the city of Colombo, while other regions would be left wai

A top investment banker said the capital market experts pointing fingers at investment banks, for killing investor interest with improperly priced initial public offerings (IPOs), must have done so for fun, in order to create controversy.

Although Sri Lanka performs well in most health indicators, child nutrition is still a major challenge.  Sri Lanka Human Development Report 2012 revealed that poor nutrition is the chief cause of multidimensional poverty, accounting for 30 perce

If you are a director or a shareholder having 25 percent or more shares in a company, it won’t be too long before an officer from the Criminal Investigation Department (CID) making a visit to your home or office to inquire how you mange to own

Despite the communal clashes that unsettled Sri Lanka’s hill country during the first two weeks of March, the tourist arrivals to the island nation in the same month grew 24.1 percent to 233,382, the data released by Sri Lanka Tourism Developme

The refusal of the Ceylon Electricity Board (CEB) to tender liquefied natural gas (LNG) power plants may cost the country over US $ 1 billion in investment into the development of offshore gas fields over the next three years, in addition to further

Moody’s Investors Service yesterday said the new Inland Revenue Act (IR Act) developed to build weak state revenues would help to gradually bridge the massive hole in the fiscal account and reduce the external vulnerability marred by heavy publ

On March 5, 2018, the Sri Lankan government mandated a state of emergency for 10 days following riots and a wave of targeted violence against Muslims in the city of Kandy. 

REUTERS: Sri Lankan share index yesterday touched its lowest close in 11 weeks, pulled down by blue-chips stocks in a moderate turnover, as many market participants were on leave ahead of the traditional Sinhala-Tamil New Year this week, brokers said