The new anti-dumping laws passed in Parliament last week are vital to protect domestic industry from unfair trade practices but are not aimed at providing blanket protectionism to the domestic industry, the Development Strategies and International Tr

Construction of the office and retail space component of the Havelock City project of Overseas Realty (Ceylon) PLC (ORCL) is expected to start next month, and is to be completed within 3 years.

India’s Prime Minister Narendra Modi (R) shakes hands with  Sri  Lanka’s President Maithripala Sirisena as he arrives to attend the International Solar Alliance Founding Conference in New Delhi.

AFP: US President Donald Trump is “offending” allies and risking a global trade war with his controversial tariffs on steel and aluminium, Germany’s economy minister said yesterday.

Destination Sri Lanka was a hot favourite at the world’s leading travel and trade show ITB which opened in Berlin, Germany on March 7th. 

AFP: Austrian steel firm Voestalpine said yesterday it would reconsider its investments in the United States in light of President Donald Trump imposing tariffs on steel and aluminium imports.

AFP: British industrial production rebounded sharply last month on the re-opening of a major North Sea pipeline, official data showed yesterday.

AFP: European stock markets steadied yesterday following an Asian rally, with traders reacting to a shock decision by Donald Trump and Kim Jong Un to hold talks. Markets were tracking also the latest developments in US President Trump’s tariffs

AFP: Florida lawmakers on Thursday passed a law prohibiting the US state from investing in companies that have business ties with the Venezuelan government.  Citing the socialist government’s “use of extreme violence and political pe

REUTERS:  The Sri Lankan rupee slipped yesterday as importer dollar demand surpassed the selling of the greenback by exporters and banks, and inward remittances, while communal violence in the central district of Kandy weighed on sentiment, deal

‘Thailand Week’ trade fair and business opportunity with Thailand opened yesterday at the BMICH. 

AFP: China's chief central banker said yesterday the country could be more "courageous" in opening its markets, as European and American firms push for greater access to the world's second largest economy.

Despite the politico hubby being under pressure to give up one of his portfolios, the better half undaunted was shopping around for a luxury car for their son-in-law. The wife had visited a car dealer in the city and settled down for Benz E type for

Vidullanka PLC has received the necessary regulatory approvals to construct their second mini-hydro plant in Uganda after a significant delay, and will be issuing shares worth Rs.75.3 million to Timex Garments (Pvt) Ltd to fully acquire Timex Bukinda

Tourism arrivals to Sri Lanka in 2018 continued to grow in double digits for the second consecutive month in February, with China reclaiming the top spot as the largest tourist sourcing country after a lapse of 18 months, according to data released

The National Chamber of Commerce (NCC) yesterday vehemently condemned the situation that has suddenly erupted in the country, sparked off by a minor incident that took place recently in the Central Province.

REUTERS: The Sri Lankan rupee ended steady yesterday as importer dollar demand offset selling of the greenback by exporters even as communal violence in the central district of Kandy continued to weigh on sentiment, dealers said.

The general insurance industry in Sri Lanka is set to become even more competitive in the future with increasing foreign interest, according to the state-controlled People’s Insurance PLC.

Sri Lanka’s Department of Commerce created history as it jointly launched the first ever ‘Policymakers’ Session on Digitalisation of Trade and Industries’ series by UNCTAD for UNCTAD member countries yesterday in Colombo.

The religious and communal violence that erupted in Kandy could end up stymying the momentum built up in the tourism industry over the past three months, as signs are emerging that foreign tourists are cancelling their visits to Sri Lanka.

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), is not hopeful of a recovery in the shipbuilding market over the short and medium term and will continue to focus on building niche, high-tech ships as a coping strategy, until the d

The International Finance Corporation (IFC), a member of the World Bank Group, yesterday partnered with the Colombo Stock Exchange (CSE) for the third consecutive year to ring the opening bell for trading to celebrate International Women’s Day

The tourism industry is working with the local authorities to ensure that the tourists visiting the Kandy area face minimal inconvenience, the state’s tourism office said.

Colombo Trust Finance PLC yesterday announced plans to raise Rs.600 million via a rights issue subject to the approval of the Colombo Stock Exchange and shareholders. 

East West Properties PLC has signed a letter of intent to sell the entire stake it owns in its subsidiary, Weligama Hotel Properties Ltd, the property owners of recently opened Weligama Bay Marriot Resort & Spa, to Singapore’s HPL Hotels &a

REUTERS: The Sri Lankan rupee ended weaker yesterday as importers bought dollars on fears that the local currency could depreciate further if communal violence in the central district of Kandy spreads to other areas, dealers said.

More than half the working population in Sri Lanka consists of women. But out of the total working age population, the share of employed women is only 18 percent. At the same time, around 80 percent of the economically active women of Sri Lanka are f

The quality of data used in every business is more important in today’s global business landscape. Our world is changing at a rapid pace as organizations and societies are digitizing faster and moving online and mobile to conduct business. We h

The Intergovernmental Panel on Climate Change (IPCC)’s report on “Climate Change 2014: Impacts, Adaptation, and Vulnerability” says: “Climate change without adaptation could potentially affect the farm livelihood and all aspec

Laugfs Gas PLC is planning to return to the black within one financial year, following its corporate restructuring process, which would happen over the next three months, edged along by the new liquefied petroleum gas (LPG) terminal in Hambantota.&nb