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. 

REUTERS: Sri Lankan shares fell yesterday to their lowest in one week as political uncertainty hurt sentiment ahead of a no-confidence vote against Prime Minister Ranil Wickremesinghe, brokers said.

The headroom to tackle Sri Lanka’s worsening public debt situation appears to be disappearing as the government estimates a whopping US $ 15 billion in foreign debt service payment during the four years from 2019 to 2022.

Competition in Sri Lanka’s supermarket landscape is set to intensify with the entrance of at least a couple of international retail giants through well-established local partners in the near future, Mirror Business learns. 

Softlogic Holdings PLC has incorporated a new company to house its retail sector subsidiaries to consolidate all its retail operations under one arm.

India is always available to collaborate with Sri Lanka, according to the pace Sri Lanka is comfortable with, said India’s top diplomat in Sri Lanka this week, in a diplomatic speech which nevertheless alluded to regional geopolitics.

Despite some politicized rhetoric and limited debates on the far fringes of the global scientific community, all of humanity’s scientific experience and observations have proved beyond any shred of a doubt that climate change is not a myth, and

The 25 basis point lending policy rate cut announced yesterday signals the Central Bank moving away from the tightening bias it had maintained for almost two years, Central Bank Governor Dr. Indrajit Coomaraswamy said.

The efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output and broaden the sector’s product range, bringing the country closer to the government’s goal of self-sufficiency

The backbiting and enduring state of chaos over the past three months within our corridors of power points to what should be a watershed year for Sri Lankan voters and even business. Our country’s multifaceted leadership has been entirely immer

Unemployment in Sri Lanka fell to a 5-year low of 4 percent during the fourth quarter of 2017 (4Q17), amid booming apparel exports and a rebound in agricultural activity after suffering from a two 

Competition in Sri Lanka’s supermarket landscape is set to intensify with the entrance of at least a couple of international retail giants through well established local partners in the near future, Mirror 

Lankem Ceylon PLC last week sold the Lanlib Building situated off Nawam Mawatha for Rs.700 million, according to a disclosure made to the Colombo Stock  Exchange yesterday.

Softlogic Hldings PLC has incorporated a new company to house its retail sector subsidiaries to consolidate all its retail operations under one arm.

The Sri Lankan government is finally taking requests of the start-up community to create a start-up ecosystem seriously following the involvement of the World Bank in authoring a white paper, according to a venture capitalist (VC).

Headroom to tackle Sri Lanka’s worsening public debt situation appears to be disappearing as the government estimates a whopping US $ 15 billion in foreign debt service payment during the four years from 2019 to 2022.

Sri Lanka’s trade deficit widened in the first month of this year as the country consumed more imported goods than what it exported during the month, according to the import-export trade figures seen by Mirror Business.

The Registrar of Companies yesterday launched the e-ROC digital platform, which would allow companies to be registered in Sri Lanka within one day going forward, compared to the previous nine days.

The state-owned banking giant, Bank of Ceylon (BOC), said it reported Rs.30.3 billion in profit before tax (PBT) for the financial year ended December 31, 2017 (FY17), maintaining its position as the highest profit-earning single entity in the countr

REUTERS: Sri Lanka’s Central Bank is expected to keep key interest rates unchanged tomorrow after a rate review, but economists in a Reuters poll are not ruling out the possibility of a rate cut to help bolster economic growth that has slipped

A share purchase agreement has been entered into, to sell 100 percent of Melsta Regal Finance Limited to Bluestone1 (Pvt.) Ltd, for Rs.2.55 billion.