Business News

Moody’s maintains negative outlook for Sri Lanka’s banking sector Forecasts SL’s GDP growth to slow to 2.6% in 2019 fro…

On August 24, US President Donald Trump announced an increase from 25 to 30 percent for the existing tariffs on US $ 250 billion o…

Cuts policy rates by 50 basis points CB Governor says noteworthy current negative output gap led to the rate cute According…

From left :Ideal Finance Ltd Chairman Nalin Welgama (fourth from left) exchanging agreement with Mahindra Finance Executive Direct…

Records net loss of Rs.752.6mn Retail, hospitals and leisure record slow growth Net finance cost surges 51% to Rs.1.4bn Di…

Pan Asia Banking Corporation PLC saw its June quarter (2Q19) earnings impacted by weak core banking operations amid contraction in…

Business Line: Indian domestic pepper growers have taken strong exception to the reported move by the Sri Lankan government to hol…

Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as tourism in the island nation suffe…

Sri Lankan shares rose for a fourth straight session to hit their highest close in over five months yesterday, led by a rally in b…

A leading apparel exporter in the country has called for clarity and direction from the government for private enterprises to play…

From left: Hayleys Advantis Limited Director Dr. Asanka Ratnayke, Hayleys Advantis Limited Managing Director Ruwan Waidyratne and …

COLOMBO (Reuters) - Sri Lankan shares rose for the eight consecutive session yesterday to end at a more than a four-month high, as…

SINGAPORE (AFP) - Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data sh…

The construction work on the second biggest hotel in the Southern province is proceeding apace, they say. This 200-room- hotel com…

Sebastian Ebel, a member of the Executive Board of TUI AG, responsible for destination experiences, hotels and resorts, cruises an…

BRUSSELS (AFP) - Negotiations between Europe and South America to finalise a blockbuster trade deal continued yesterday, after Fre…

Says re-evaluation of airfares could attract more European tourists  Sri Lanka doesn’t have direct flights to any European…

BANGKOK (AFP) - Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand’s Pr…

From left: Finance Ministry Secretary Dr. R.H.S. Samaratunga, Finance Minister Mangala Samaraweera and Mahaweli Development and En…

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AfterAccess survey report Lead researcher and LIRNEasia CEO Helani Galpaya presents a copy of the report to Digital Infrastructure…

The Easter day bombings in Sri Lanka created a sense of deep fear among the citizens; it still prevails even one month after the i…

The share of Sri Lanka’s total exports to the South Asia Sub regional Economic Cooperation (SASEC) countries increased from 6% t…

Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts…

Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts…