AFP: Tiny olive ridley turtles have hatched in India’s financial capital Mumbai for the first time in two decades after a major cleanup of a beach, officials said yesterday. Dozens of the threatened species cracked out of their egg shells and s

AFP: The United States launched yesterday a challenge at the World Trade Organization against China over intellectual property breaches, a statement said. “The United States is taking action at the World Trade Organization (WTO) to address Chin

AFP: Asian markets plunged yesterday following a sell-off in New York as Donald Trump sparked fresh trade war fears by imposing huge tariffs on Chinese imports and Beijing unveiled its own measures against US goods.

Economic reforms have become an urgent need for Sri Lanka, with successive governments since independence, resorting to short-term, politically expedient economic strategies that have placed considerable macroeconomic pressures whilst reducing Sri La

Paul Polman, Global CEO of Unilever, the world’s largest consumer goods company, told us recently about his personal mission to be a force for good instead of just making a profit and how Unilever is able to serve all their stakeholders as a re

REUTERS: Sri Lankan shares ended marginally higher yesterday, snapping three straight sessions of falls, as investors bought beverage and diversified stocks, brokers said.

ECONOMYNEXT: Sri Lanka’s company law is to be changed to give powers to authorities to force shareholders of private companies to submit more information about themselves under global anti-money laundering laws.

REUTERS:  The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers and banks outweighed mild selling of the U.S. currency by exporters, dealers said.

Senkadagala Finance PLC has entered into a loan agreement with International Finance Corporation (IFC), a member of the World Bank Group to borrow US $ 15 million, a stock exchange filing said.

The shortage of labour— skilled or unskilled—is cited as the number one limiting factor faced by Sri Lanka’s export-oriented manufacturers, when they met the press at a recently held media round table and this issue has forced many

Every new Visa card issued in Sri Lanka from October this year will be payWave-enabled, Visa’s Asia Pacific Head of Risk Joe Cunningham told Mirror Business yesterday.

The Sri Lankan government has not yet fully committed to the implementation of a cost-reflective fuel pricing formula and is leaning towards maintaining current subsidised prices, Petroleum Resource Development Minister Arjuna Ranatunga told a press

‘The One’, an ambitious property development project with a price tag of US $ 500 million in the heart of Colombo, is hoping to bring back its former glory to the Colombo Fort area.

Tourism Development and Christian Affairs Minister John Amaratunga yesterday said that the recent violence in Kandy caused a negative impact on the tourism industry. 

The Finance Ministry will be resorting to borrowings from state banks and offshore banking units to cover just under half of the Sri Lanka Development Bond Maturities during the first quarter of 2018. According to Finance and Mass Media Acting Minist

REUTERS: The Sri Lankan rupee rose slightly yesterday as exporters sold dollars and remittances boosted inflows, while the gains were capped by importer demand for the US currency in late trade, dealers said.

The investment banks and stockbrokers came under fire yesterday by the industry experts for their greed and inaction when dealing with initial public offerings (IPOs), which has led to the deterioration of the capital market, since the public has los

Sri Lanka cannot afford to deviate from the path it has embarked upon and ensuring political stability is of paramount importance to attain sustained economic growth for the country, according to Central Bank Governor Dr. Indrajit Coomaraswamy. 

The global financial system is in a frail state. Global debt reached a record high of US $ 233 trillion in the third quarter of 2017. The global debt-to-gross domestic product (GDP) ratio has grown beyond expectations since the 2007–08 global f

The Central Bank with the assistance of International Finance Corporation (IFC), a member of the World Bank Group yesterday held the inaugural session to develop National Financial Inclusion Strategy (NFIS) in a fresh push to increase financial inclu

An attempt is likely to be made to alter the Cabinet approved Demutualization of the Colombo Stock Exchange Bill, which is scheduled to be presented to Parliament today, Mirror Business learns. A major sour point for the bill was the value allocation

Dialog Axiata PLC yesterday said it would invest Rs.262.5 million to establish, operate and manage a data centre, which they are hoping to develop with St. Anthony’s Property Developers (Pvt.) Ltd.

Sri Lanka may have put in place safeguards to protect the mom-and-pop investor who holds a small amount of corporate bonds but those same safeguards seem to be turning away the institutional investors who account for the bulk of those investments, im

Sri Lanka cannot afford to deviate from the path it has embarked upon and ensuring political stability is of paramount importance to attain sustained economic growth for the country, according to Central Bank Governor Dr.Indrajit Coomraswamy.

The 19th Party Congress set out the principles that will define the approach to what Deng Xiaoping described as the third phase of China’s modern economic development. This is the phase when China seeks to achieve income levels on par with the

A news item in the Daily Mirror of March 15, 2018, titled ‘Private Co. grabs Muturajawela land for housing scheme’, has caused alarm to environmentalists who feel that the rich biodiversity of this wetland would result in irreparable and

In the influx of changing business priorities and competition in banks across the world, the greatest emerging risk for banks could be on account of the waning role clarity between ‘Risk taking function (RTF)’ and ‘Risk Control func

REUTERS: Sri Lanka’s tea output in February rose 14 percent from a year earlier due to favourable weather and a lower base last year, the state-run Tea Board said yesterday.  

DFCC Bank PLC has received the preliminary approval to list the Basel III-compliant sub-debt instruments worth up to Rs.7 billion, on the Colombo  Stock Exchange.

REUTERS: The Sri Lankan rupee touched an all-time low yesterday on dollar demand from importers but selling of the US greenback by exporters late in the day eased some pressure on the currency, dealers said.