SriLankan Airlines yesterday said it was experiencing continuous delays in flights and congestion at the country’s main Bandaranaike International Airport (BIA) in Katunayake, due to a combination of factors.

The Local Government elections held on February 10, 2018 was to elect 8,293 members to 341 local authorities (24 municipalities, 41 urban councils and 276 divisional councils – Pradeshiya Sabas). This is the largest election held so far in Sri

Like many Sri Lankans across the country, I joined Sri Lanka’s 70th Independence Day festivities earlier this month. This was undoubtedly a joyful moment and proof of the country’s dynamism and stability. At 70, Sri Lanka has accomplished

Commercial Bank of Ceylon PLC (ComBank) witnessed a stronger than average growth in new loans during 2017, which helped the bank to report higher earnings but substantially higher taxes and loan loss provisions had a somewhat bearing on the performan

The Sinhala Buddhist community has a cultural need to depend on a larger than li fe figure to continuously save them and cleanse the country, which is why the people voted for the Mahinda Rajapaksa faction instead of the coalition partners of the cur

Agalawatte Plantations PLC will raise fresh equity capital by way of a rights issue to partly settle its related party borrowings raised last year as part of its restructuring. 

Diesel & Motor Engineering PLC (DIMO) last week said it acquired the control of two firms, which are in the business of importing, processing and distribution of agri inputs such as fertilizers and seeds.

South Asia’s first ever triathlon got underway at the Galle Face Green yesterday, with the participation of more than 800 local and foreign triathletes.   Foreign participation at Ironman 70.3 Colombo was seen from India (133 triathle

Asian markets ended the week on a positive note following the lead from Wall Street, with energy firms lifted by a rally in  oil prices.

AFP: Over 20,000 French farms could go bankrupt if the European Union concludes a major trade deal with four South American countries, France’s biggest farm union 

AFP: German auto giant BMW said yesterday it plans to build an electric version of its compact Mini in China, in a possible joint venture with local partner Great Wall.

AFP: Turkmenistan, Afghanistan, Pakistan and India yesterday ceremonially broke ground on the Afghan section of an ambitious, multi-billion dollar gas pipeline expected to help ease energy deficits in South Asia.

AFP: Australia’s largest bank the Commonwealth yesterday denied a slew of new claims by the country’s financial intelligence agency that it breached anti-money laundering laws, and rejected a major class action over the allegations.

REUTERS: The Chinese government yesterday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlights Beijing’s willingness to curtail big-spending conglomerates as it cracks down o

AFP: Japan yesterday welcomed a World Trade Organization ruling that called for South Korea to lift an import ban on Japanese seafood, imposed after the Fukushima 

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday in dull trade as banks’ dollar selling on remittance inflows surpassed the importer greenback demand, dealers said. 

LAUNCESTON, Australia: If you were looking for signs that the liquefied natural gas (LNG) merry-go-round is starting to spin a little faster, the announcement of a planned massive expansion in Papua New Guinea is ample evidence.

A landmark study co-authored by a Sri Lankan economist has found that income inequality at district level in Sri Lanka falls when natural disasters strike, which presents key takeaways for how policymakers should respond to disaster relief in the fut

Deepani is a Grade 10 student who loves mathematics and science. Her parents are delighted and encourage her to continue in these fields, assuring her that she will have a bright future. But Deepani is worried that she is not learning all that she sh

Nestlé Lanka PLC put up a strong performance for its December quarter (4Q17), but saw its full year performance dented by sluggish market conditions and natural disasters.

Despite speculation in local spheres being high over the government’s future economic decisions in the aftermath of the shocking Local Government polls drubbing, the International Monetary Fund (IMF) this week said that it is continuing to work

REUTERS: The Sri Lankan rupee ended slightly weaker yesterday in dull trade as importer dollar demand outweighed selling of the greenback by exporters. The rupee ended at 155.25/30 per dollar, compared with Wednesday’s close of 155.10/25. The r

REUTERS:  Sri Lankan shares yesterday snapped a five-session winning streak and eased from a more than three-month high on profit-booking, while foreign buying in Commercial Bank Plc boosted the daily traded turnover.

The Sri Lankan government ignores local economic policy expertise in favour of foreigners who make the same arguments, a leading economist said recently.

The notable increase Sri Lanka saw in export earnings was offset by racing imports in December 2017 to record the highest trade deficit for the first time in 5 years, the external sector data released by the Central Bank showed.  

Nippon Paint celebrated the successful conclusion of the Asia Young Designer Award (AYDA) themed ‘You for tomorrow’ future living as envisioned today, in Sri Lanka for the second consecutive year with a glamorous awards ceremony held at t

Access Engineering PLC, one of the foremost civil engineering companies in Sri Lanka, is making a swift progress in the construction of the Deduru Oya water supply project, Ridi Bendi Ela, Maho.

Quick Tea (Pvt.) Ltd, a subsidiary of Sri Lanka’s largest Tea Exporter for over two decades- Akbar Brothers Ltd, became the recipient of yet another accolade for the diversified group of companies by being certified as a ‘CarbonConscious

Renewing a successful working partnership of three consecutive years, a Memorandum of Understanding (MoU) was signed between The Chartered Institute of Marketing (CIM) Sri Lanka and First Capital Holdings PLC, committing to goals mutually benefiting

IITExpo-Colombo 2018, a 3-day event, showcasing the textiles of India, is being held from February 21-23 at Galadari Hotel, Colombo.  More than 40 Indian fabric manufacturers and exporters are displaying varieties of apparel fabrics (woven, knit