REUTERS: The Sri Lankan rupee ended weaker yesterday as dollar demand from importers and banks outpaced inward remittances and the selling of the US currency by exporters, dealers said.

Sri Lankan shares inched slightly higher yesterday from a two-week closing low, but foreign selling amid political uncertainty weighed on trade, stockbrokers said. The Colombo stock index ended 0.08 percent firmer at 6,557.02, edging up from its lowe

AFP:  Donald Trump’s controversial decision to slap tariffs on steel and aluminium imports sent Asian stocks plunging yesterday as the move fuelled fresh fears of a global trade war.

A series of stakeholder consultations for a new innovation and entrepreneurship strategy for Sri Lanka was concluded this week, ahead of its submission to the cabinet next month.

REUTERS: US oil prices fell yesterday, taking declines to a fourth day as Asian share markets extended a sell-off on Wall Street after news of planned U.S. tariffs on steel and aluminium raised fears of a trade war. 

Steelcase, a leader in office furniture and innovative workspace solutions, in partnership with Widac Commercial Interiors (Pvt.) Ltd recently announced its official launch in Sri Lanka, at a ceremony held at Shangri-La Hotel, Colombo.

The week before last we discussed what the signs on the first and second fingers signify phalanx by phalanx. In this article, we propose to discuss what the signs on the third and fourth fingers say. Signs on the Third Finger

Blue Diamonds Jewellery Worldwide PLC (BLUE) this week announced plans to go for a rights issue to raise money for working capital requirements, factory refurbishments, marketing and settle debt.

Stephen Renna, Director of the Advocacy Center at the U.S. Department of Commerce, recently met with government leaders and U.S. companies in Colombo to discuss opportunities to increase US exports to Sri Lanka.  

Sri Lanka Telecom PLC (STL) revenue grew slower while the direct costs and depreciation charges weighed on profits as Sri Lanka’s only wireline telecom provider was found struggling to compete in a world where people are taking fast on to mobil

The UK Government said it intends to provide continuity and stability to Sri Lanka’s current trade agreements with the EU, even after Brexit comes into effect.  Minister of State for Trade and Investment Greg Hands said Sri Lanka’s e

Sri Lanka’s pre-owned or reconditioned car registrations hit a 2-year high in January amid slightly eased interest rates and banks and finance companies racing to grab the largest share of the vehicle leasing market with very attractive offers.

Sri Lanka’s headline inflation, which consists of all items in the basket of Colombo Consumer Price Index (CCPI) eased to 4.5 percent during the 12 months to February from 5.8 percent in January over the base effects and lower food prices. 

There should be a paradigm shift to attract more women for unconventional jobs, but for that proper legislations and policies should be introduced to keep them secure in their respective professions, the first female mayor elect for Colombo, Rosy Sen

Union Bank of Colombo PLC suffered a setback in both its top and bottom lines as the bank failed to capitalise on the rising market interest rates although the loans grew at a healthy rate. 

Nations Trust Bank PLC (NTB) reported a marked increase in profits in 2017 as the bank grew its loan book while preserving its margins despite some increase in specific provisions. 

The Sri Lankan government and Sri Lanka Gas Terminal Ltd will hold a 15 percent shareholding in the country’s first liquefied natural gas (LNG) import terminal, a cabinet spokesperson said.

REUTERS: Sri Lankan shares slipped for a third straight session yesterday and posted their lowest close in two weeks, weighed down by foreign selling amid concerns about political stability, stock brokers said.

REUTERS: The Sri Lankan rupee ended weaker yesterday as dollar demand by importers and banks outpaced selling of the greenback by exporters, dealers said.

For Sri Lanka to achieve the 2025 goal of being an upper-middle income country, the government has formulated a 3-year Economic Delivery Programme to increase per capita income to US $ 5000, create one million new jobs, and increase FDI to US $5 bill

Sri Lanka’s State-owned Enterprises (SoEs) borrowed a net Rs.19 billion during 2017 from the banking system as the total outstanding credit to the public corporations rose to Rs.514 billion by the end of 

The recent election drubbing will not make the government to halt the economic reforms agenda it has already set in motion but the country may experience a slowdown in implementation of such reforms, an economist-turned-legislator in charge of nation

With cruise tourism and yacht marinas being the fastest growing categories in the leisure travel market, as an island nation, these are the areas Sri Lanka should fix its focus on, Admiral Dr. 

 Allianz yesterday announced the completion of its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary regulatory approvals. 

REUTERS: The Sri Lankan rupee ended firmer yesterday as exporters and banks sold dollars on fears of an appreciation in the local currency amid expectations of equity and capital inflows, dealers said.

REUTERS: Sri Lankan shares slipped yesterday to a more than one-week closing low, as selling by foreign investors and some concerns about political stability weighed on sentiment, dealers said. Shares hit a more than three-week high last week after t

Fitch Ratings yesterday affirmed Richard Pieris & Company PLC’s (RICH) national long-term rating at ‘A(lka)’ with a stable outlook. Fitch has also affirmed the national rating on RICH’s outstanding senior unsecured debentu

Jazz sensation Wycliffe Gordon and sextet, staged a performance for the residents of Slave Island yesterday as part of the 70th anniversary celebration of US-Sri Lanka partnership.

Vallibel Finance PLC yesterday revealed its plans to raise little over Rs.1 billion through a cash call to its shareholders.

The ban on polythene that is equal to or less than 20 microns, in September 2017, was a point of debate, of course at the time it was implemented by the government.