Business News

Headline inflation as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index increased to 6.2 percent in Fe…

From left: Governor Prof. W.D. Lakshman and Senior Deputy Governor Dr. Nandalal Weerasinghe. Pic by Waruna Wanniarachchi  By …

The Tourist Information Centre (TIC) at The Bandaranaike International Airport (BIA) of Sri Lanka Tourism had a different atmosphe…

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The performance of Sri Lanka’s largest listed company, John Keells Holdings PLC (JKH) was hampered by its weak leisure sector op…

Union Bank of Colombo PLC reported higher earnings for the period ended September 30, 2019 (3Q19), but the core-banking operations…

The Monetary Board of the Central Bank (CB) yesterday decided to maintain policy interest rates at their current levels, awaiting …

New Banking Act to come into effect in 2021  Banks will have to address supervisory concerns or risk monetary penalties The…

Jonathan Alles, Managing Director and Chief Executive of Hatton National Bank (HNB) in an interview with Mirror Business speaks ab…

Shiromi Masakorala, General Manager – Sustainability and Corporate Communications of Hemas Holdings PLC and Executive Director o…

Vedic Astrology gives an important place among predictive techniques to yogas or special combinations or configurations of planets…

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is evaluating nearly US $ 250 million…

Considering the important role government activities play in an economy, the need for effective public financial management, which…

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 …