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

In the last two weeks we have been discussing about some ‘buzzwords’ in customer relationship management (CRM). We continue with few other terms.

The mobile money platforms of Sri Lanka’s two leading celcos, Dialog Axiata PLC and Mobitel, have both claimed to be the first in Sri Lanka to have enabled customers to top up their mobile cash wallets directly via bank accounts.

The discretion thus far enjoyed by listed entities following good governance practices voluntarily may soon come to an end as the Securities and Exchange Commission (SEC) is gearing to issue a mandatory code where no listed entity will be spared from

Sri Lanka’s lubricant market leader, Chevron Lubricants (Lanka) PLC (CLL), said the company’s ability to command right price and influence customers to buy packed products instead of loose sales will determine its future profitability ami

Sri Lanka’s banking sector asset quality saw a sharp deterioration during the first two months of 2018 as individuals and businesses struggled to service their loans as the economy lost steam amid higher borrowing costs and taxes.  

Foreign Direct Investments (FDIs) to Sri Lanka reached an all-time high of US $ 1.9 billion in 2017, Central Bank data released last week indicated.

A group of high-profile investors based in Dubai met Development Strategies and International Trade Minister Malik Samarawickrama for a special roundtable investment forum organised by the ministry and Board of Investment. 

REUTERS: The Sri Lankan rupee ended stronger yesterday on exporter dollar conversions, inward remittances and foreign buying of government securities, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion earlier this week boosted s

AFP: Samsung Electronics flagged yesterday a first-quarter operating profit of 15.6 trillion won (US$14.7 billion), a record for any-three month period, as it benefited from soaring demand for its memory chips for mobile devices.

AFP:  Japanese online broker Monex Group said yesterday it would buy virtual currency exchange Coincheck, which was hit by a massive hack that saw thieves steal hundreds of millions of dollars in virtual currency.

An economic corridor development plan with a potential to generate 1.2 million new jobs by 2030 is being proposed by a recent study of the Asian Development Bank (ADB). 

REUTERS: Stock markets edged downwards yesterday after U.S. President Donald Trump’s threat to impose an extra US$$100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial U.S.

AFP: Prince Charles has called for a “blue economy” to promote the sustainable use of ocean resources and save Australia’s Great Barrier Reef, as he visited the World Heritage-listed ecosystem yesterday.

AFP: China said yesterday it is ready to pay “any cost” in a trade war after US President Donald Trump threatened an additional US$100 billion in tit-for-tat tariffs on Beijing. 

AFP: International donors are set to pledge billions of dollars in aid and development loans for Lebanon at a conference in Paris yesterday, hoping to stave off an economic and humanitarian crisis.

Sri Lanka’s banking sector in total has pumped in over Rs.100 billion in fresh credit to the economy during February from a minus growth recorded in January as the growth in private sector credit and credit to the public corporations rose altho

The shareholders of Property Development PLC (PDL) have shot down an attempt to delist company shares from Colombo Stock Exchange’s  (CSE) official list. PDL in a stock market filing said a resolution towards delisting the shares of the co

Fitch Ratings has increased its ownership of Fitch Ratings Lanka Ltd. to approximately 89 percent from 45 percent, acquiring equity interest of several shareholders. “We are excited about Fitch’s commitment to Sri Lanka, one of Asia&rsquo

In a bid to enforce registration of all tourism industry service providers in Sri Lanka, the Sri Lanka Tourism Development Authority (SLTDA) has deployed a new cyber tool to track accommodation providers operating without SLTDA valid licence. 

In an effort to pull the national economy towards a position that allows all sections of the population to equally benefit, a top economist says that Sri Lanka must pay greater emphasis on encouraging the informal economy to boom instead of forming p

A delegation of the European Parliament Committee on International Trade (INTA) currently in Colombo stressed that the European Union (EU) demand “nothing” from Sri Lanka and assistance would only be extended if the island nation is willi

The national carrier, SriLankan Airlines, which is running at massive losses, is hoping to return to profitability in three years according to the new director board, which was appointed this week following the resignation of the previous directors.

The worker remittances to Sri Lanka fell in February as the receipts in the first two months from export of labour languished amid the country facing an uphill task of containing an ever expanding trade deficit and a mounting foreign debt load.