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After assuming duties Mahinda Rajapaksa announces the Opposition 2019-01-18 02:55:42After assuming duties at the Opposition Leader’s office located at 30 Marcus Fernando Mawatha this morning , Mahinda Rajapaksa stated that his o

The 2 suspects arrested for possession of the 2019-01-18 02:55:046 detectives from Bangladesh’s Narcotic Control Department arrived in Colombo yesterday to carry out an interrogation of the two Bangladeshi nat

Sri Lanka impacted by Climate change 2019-01-18 02:53:38The Met Department states that the climatic patterns in Sri Lanka this year have changed compared to that of the last year. The Department’s Dir

MP Wijemanna claims he did not kick Kabeer 2019-01-18 02:53:14Kalutara District UNP MP Lakshman Wijemanne refutes certain media reports that he kicked in the office door of Minister Kabeer Hashim when he went to

Four arrested in connection with the detection of 2019-01-17 21:16:54The CID arrested four persons in connection with the recovery of a stock of explosives from a farm in Lacto-watta in Wanatawilluva, Puttalam. Explosiv

A female student hospitalised after being assaulted by 2019-01-17 21:16:09A grade 3 student attending Siyambalaanduwa primary school has been admitted to hospital, after being assaulted by a teacher. The parents of the stude

Opposition Leader Mahinda , states that the TNA 2019-01-17 21:14:50Opposition Leader Mahinda Rajapaksa says that the TNA cannot be permitted to betray the country simply because it offered the current government the s

In Germany , A former LTTE member arrested, 2019-01-17 21:13:37German authorities say they have arrested a suspect, alleged to have been involved in the 2005 assassination of Sri Lanka’s foreign minister. Fe

Sri Lanka Cricket election postponed 2019-01-17 20:19:25The Sri Lanka Cricket election has been postponed by two weeks to February 21. Earlier, it was scheduled to be held on February 7th. The sports minist

Agricultural Department says fall Armyworm hit maize suitable 2019-01-17 08:57:21The Director-General of the Department of Agriculture, Dr WMW Wijekoon stated today that maize is not unsuitable for human consumption merely because

The deadlock that worries the Election Commission chairman 2019-01-17 08:56:47The Election commission has advised the Joint Opposition to resolve the legal hurdles and seek court action to hold the provincial council election. M

Explosives discovered from Puttalam 2019-01-17 08:51:25A hoard of explosives was seized by the CID from a farm in the jungles of Wanathavillu in Putta   lam today. The raid was conducted on the i

Lanka Business Online

Central Bank warns public of an ongoing phishing 2019-01-18 05:20:11Jan 18, 2019 (LBO) – Central Bank advice general public and institutions to be alert of a phishing attempt that has been initiated targeting mai

SriLankan fleet has one Airbus not in use; 2019-01-18 04:13:00Jan 18, 2019 (LBO) – SriLankan Airlines revealed that its fleet has one Airbus A330-200 aircraft bearing the serial number MSN-1008 and CAASL re

Fitch affirms SriLankan Airlines’ govt guaranteed bonds at 2019-01-18 01:37:57Jan 18, 2019 (LBO) – Fitch Ratings has affirmed SriLankan Airlines Limited’s 175 million US dollars 5.3 percent government guaranteed

Opinion: Is GDP the ideal metric of the 2019-01-17 22:07:25By Taamara de Silva In an age of stark contradictions, a world where the exclusive one percent enjoy access to an abundance of wealth and resources bu

Govt calls for exploration bids in block M2, 2019-01-17 14:00:00Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities

Sri Lanka manufacturing activities decrease in Dec 2018 2019-01-17 13:37:05Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in

Kavan Ratnayaka assumes duties as Chairman of Sri 2019-01-17 04:58:55Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports A

State vehicles are not exempted from carbon tax: 2019-01-17 04:29:40Jan 17, 2019 (LBO) – Sri Lanka’s Finance Ministry says the Carbon Tax, which came into effect from January this year, is applicable to all

President signs USD455mn loan agreements with ADB for 2019-01-17 03:18:11Jan 17, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena made his first visit to the Asian Development Bank headquarters today

President appoints commission of inquiry to probe corruption 2019-01-17 02:24:34Jan 17, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed a commission of inquiry to look into the alleged corruption

JKH buyback fully subscribed, Rs11bn worth of shares 2019-01-16 11:39:06January 16, 2019 (LBO) – Shareholders have tendered approximately one hundred million shares of John Keells Holdings (JKH) into the company&rsqu

Central Bank subscribes to Rs.90bn Treasury bills to 2019-01-16 08:53:41Jan 16, 2019 (LBO) – Central Bank says it subscribed to Treasury bills amounting to 90 billion rupees during this month at the request

Trading Economics

Sri Lanka Cash Reserve Ratio 2019-01-10 03:31:00Sri Lanka Cash Reserve Ratio was quoted at 6 percent on Wednesday January 9. Cash Reserve Ratio in Sri Lanka averaged 8.56 percent from 1999 until 201

Sri Lanka Three Month Interbank Rate 2019-01-10 03:31:00Sri Lanka Three Month Interbank Rate increased to 10.66 percent on Wednesday January 9 from 10.59 percent in the previous trading day. Interbank Rate

Sri Lanka Gold Reserves 2019-01-08 08:28:00Gold Reserves in Sri Lanka remained unchanged at 19.90 Tonnes in the fourth quarter of 2018 from 19.90 Tonnes in the third quarter of 2018. Gold Reser

Sri Lanka Tourist Arrivals 2019-01-08 06:21:00Tourist Arrivals in Sri Lanka increased to 253169 in December from 195582 in November of 2018. Tourist Arrivals in Sri Lanka averaged 50351.91 from 1

Sri Lanka - Credit Rating 2019-01-05 19:00:00Standard & Poor's credit rating for Sri Lanka stands at B with stable outlook. Moody's credit rating for Sri Lanka was last set at B2 with stabl

Sri Lanka Cpi Housing Utilities 2019-01-05 05:37:00Cpi Housing Utilities in Sri Lanka remained unchanged at 112.10 Index Points in December from 112.10 Index Points in November of 2018. Cpi Housing Uti

Sri Lanka Standing Lending Facility Rate 2019-01-05 05:35:00Lending Rate in Sri Lanka remained unchanged at 9 percent in January from 9 percent in December of 2018. Lending Rate in Sri Lanka averaged 10.51 perc

Sri Lanka CPI Transportation 2019-01-05 05:33:00The transportation sub-index of the CPI basket in Sri Lanka decreased to 110.60 Index Points in December of 2018 from 111.80 Index Points in November

Sri Lanka Banks Balance Sheet 2019-01-05 05:22:00Banks Balance Sheet in Sri Lanka increased to 8750267 LKR Million in September from 8594811 LKR Million in August of 2018. Banks Balance Sheet in Sri

Sri Lanka Central Bank Balance Sheet 2019-01-05 05:22:00Central Bank Balance Sheet in Sri Lanka decreased to 1752160 LKR Million in September from 1806659 LKR Million in August of 2018. Central Bank Balance

Sri Lanka Money Supply M1 2019-01-05 05:10:00Money Supply M1 in Sri Lanka increased to 788820 LKR Million in November from 782660 LKR Million in October of 2018. Money Supply M1 in Sri Lanka aver

Sri Lanka Housing Construction Costs Index 2019-01-05 05:10:00Housing Index in Sri Lanka increased to 808.50 Index Points in the third quarter of 2018 from 803.60 Index Points in the second quarter of 2018. Housi

Reuters: Business News

Trump-Deutsche Bank links in sights of U.S. House 2019-01-18 06:25:36Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald

Foxconn cuts 50,000 contract jobs in China: Nikkei 2019-01-18 06:19:54Apple Inc's biggest iPhone assembler Foxconn Technology Group has let go around 50,000 contract workers in China since October, months earlier than

Ghosn received $9 million improperly from Nissan-Mitsubishi JV: 2019-01-18 06:12:18Carlos Ghosn improperly received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automak

Tesla to cut workforce by 7 percent while 2019-01-18 06:01:26Tesla Inc said on Friday it was cutting several thousands of jobs, as the electric car maker looks to trim costs and be consistently profitable while

Trian to skip PPG board challenge after new 2019-01-18 05:56:40Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatin

Pernod Ricard says it is seeking to improve 2019-01-18 05:51:46French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance

Stocks buoyed by trade hopes, set for best 2019-01-18 05:38:16Global stocks rose to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the U

Three named to En+ voting trust as Deripaska 2019-01-18 05:26:15Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in

India's Sun Pharma tumbles on reports of fresh 2019-01-18 05:01:24Shares of Sun Pharmaceutical Industries Ltd plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint

Gloomy forecast for Davos: crises aplenty, but few 2019-01-18 04:56:22An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop

Gripped by Ghosn crisis, Renault expects slight sales 2019-01-18 04:25:26Renault expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance p

Bombardier says on track to solve Swiss train 2019-01-18 02:54:02Bombardier is making progress resolving problems with double-decker passenger trains which have drawn criticism from buyer Swiss Federal Railways (SB

Sri Lanka News Updates at

MS meets Philippines President 2019-01-16 21:55:04President Maithripala Sirisena, who was on a five-day official visit to Philippines, was warmly welcomed by Philippines President Rodrigo Duterte The

PMF abandons merger as company seals deal to 2019-01-15 23:39:49A possibility of a merger explored between People’s Merchant Finance PLC (PMF) and People’s Leasing & Finance PLC (PLC) was The post P

Playing Jekyll and Hyde 2019-01-15 23:37:19This fair one who once held a high position in the country’s business sector is currently in the thick of The post Playing Jekyll and Hyde appea

Govt repays loan of USD one billion: Harsha 2019-01-15 23:36:10Economic Reforms and Public Distribution Minister Harsha de Silva said today the government had settled the one billion US dollars The post Govt repay

New Year party this year was an exclusive 2019-01-14 22:26:26The traditional New Year party hosted by a certain Provincial body to its employees was an exclusive affair for staff The post New Year party this yea

Sri Lanka targets to double number of Indian 2019-01-14 22:25:07Rs.3bn Global Promotion Campaign likely to be launched in Dubai this April  Chinese tourist arrivals to increase to 0.5mn by The post Sri Lanka t

I’m ready for the Presidential Election – Gota 2019-01-14 22:19:13Former Secretary of Defence Gotabaya Rajapaksa said he was prepared to contest the Presidential Election, if the people are ready The post I’m r

All candidates given green light to contest 2019-01-14 22:16:15Four prominent figures in cricketing circles – Mohan de Silva, Kangadaran Mathivanan, Shammi Silva and Jayantha Dharmadasa – were given Th

China looking to set up FTZ in Sri 2019-01-13 22:26:28Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation   High-powered Chinese delegation in Colombo Navin to

Sri Lanka U-19s in dramatic win over Australia 2019-01-13 22:25:24Sri Lanka in dramatic win over Aussie Sri Lanka vs Australia Youth test Sri Lanka registered a dramatic three wicket The post Sri Lanka U-19s in drama

Prez to request Speaker to expedite process 2019-01-09 22:48:36President Maithripala Sirisena will inform Speaker Karu Jayasuriya this week of the need to expedite the process to pass the The post Prez to request

Tour De Air Force Cycle Race from March 2019-01-09 22:43:23The 20th edition of the Tour De Air Force Cycle Tour will be held from March 1 to 3, from The post Tour De Air Force Cycle Race from March 1 to 3 appe

UN News Centre - Economic

100 years on, UN labour agency mission focussed 2019-01-09 10:01:14As it celebrates its centenary year, the International Labour Organization (ILO) must help to tackle inequality in the world of work through the effor

World Bank President steps down, Chief Executive assumes 2019-01-07 15:04:21The President of the World Bank, Jim Yong Kim, announced on Monday that he is stepping down, after more than six years in the role. Kristalina Georgie

CLIMATE CHANGE FOCUS: Profiting from urban waste in 2018-12-21 16:04:31Women in Hoi An city in Viet Nam are profiting from rubbish and other waste while helping to create a more sustainable urban environment, thanks to a

BBC News - Business

John Lewis staff bonus in doubt 2019-01-10 03:49:54Retailer sees higher Christmas sales but says it will think carefully about paying its staff bonus.

Debenhams sales tumble over Christmas 2019-01-10 03:15:41Debenhams blames "volatile" trading environment for 5.7% fall in sales as it holds talks with lenders.

Marks & Spencer food and clothing sales hit 2019-01-10 03:15:25Like-for-like sales, which strip out the impact of new stores, were down 2.2% in the 13 weeks to 29 December.

Tesco reports strong Christmas trading 2019-01-10 02:36:48The UK's biggest supermarket chain reports a 2.2% rise in like-for-like sales over Christmas.

BBC World News business headlines 2019-01-10 02:05:16The latest international business headlines from BBC World News.

Trade war: China says US talks 'laid ground' 2019-01-09 23:39:14US and China officials held their first formal talks since both sides agreed to a trade war truce.

Japan to scrap UK beef ban imposed after 2019-01-09 22:16:16It comes ahead of a Downing Street meeting between Theresa May and Japan's Prime Minister Shinzo Abe.

Amazon boss Jeff Bezos and wife MacKenzie divorce 2019-01-09 19:48:48The Amazon CEO and novelist wife, MacKenzie, married for 25 years, release the news on Twitter.

How is Qatar coping with its economic embargo? 2019-01-09 19:04:23As the boycott of Qatar by four of its neighbours enters a third calendar year, what is its continuing impact?

Are the days of the private car really 2019-01-09 19:01:49Is the "robo-taxis" revolution really on its way? Many readers were doubtful, so we address their counter-arguments.

Savile Row retailer Hardy Amies calls in administrators 2019-01-09 11:25:38Founded by the Queen's former dressmaker, Hardy Amies is in administration for the second time.

Ferry firm insists it will be ready for 2019-01-09 09:59:29Seaborne says it will be ready for Brexit, despite fears the Ramsgate-to-Ostend line is behind schedule.

Business News - UPI.com

Lockheed Martin wins $69 million contract to upgrade 2019-01-16 15:00:09 Lockheed Martin Corp. was awarded a $69 million contract for programming and reprogramming on all operational F-35s for the Air Force, Navy and Marin

Leidos awarded $9.7M contract for anti-IED surveillance support 2019-01-16 13:48:39 Leidos Inc. was awarded a $9.7 million contract in support of the Saturn Arch Arial Intelligence System, which the U.S. Army uses to monitor IED "ho

BAE contracted for repairs, upgrades on guided-missile destroyer 2019-01-16 13:44:47 BAE Systems received a $9.7 million contract for a scheduled Surface Incremental Availability on the USS Halsey, primarily for structural repairs and

MBDA's new MMP missile system successfully deployed in 2019-01-16 13:24:09 The MBDA Missile Systems' medium-range missile was successfully deployed in Mali by the French Army for the first time, the company announced.

Lockheed tapped for next Freedom-class littoral combat ship 2019-01-16 12:12:29 The U.S. Navy exercised a contract option with Lockheed Martin for construction of LCS 31, which the branch said completes it's acquisition strategy

Crude oil prices drop after API reported lower-than-expected 2019-01-16 09:13:03 Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in th

Dow, Total part of group that raised $1B 2019-01-16 08:18:54 Some 30 companies including Dow, Total and other big makers of plastic raised $1 billion to contribute to cleaner ocean waters.

U.S., Japan participate in joint deployment in East 2019-01-15 13:51:13 The United States and Japan conducted a joint two-day deployment in the Indo-Pacific region for communication and maneuvering drills.

BAE signs $79.8M contract with Navy for Pacific 2019-01-15 13:48:00 BAE Systems has signed a five-year, $79.8 million contract to maintain and operate communications systems with the U.S. Navy across the Pacific and I

Raytheon taps Phoenix Products for Naval Strike Missile 2019-01-15 13:44:27 Raytheon Co. and Phoenix Products, Inc. signed a $1.6 million contract to produce Naval Strike Missile transport containers as part of a mentor-prote

USS Gravely becomes flagship of NATO maritime forces 2019-01-15 12:42:20 The USS Gravely was named the flagship for Standing NATO Maritime Group 1 during a ceremony in Copenhagen, Denmark.

Raytheon to equip classic Hornet with upgraded radar 2019-01-15 11:54:03 Raytheon will equip the U.S. Marine's classic F/A-18C/D Hornet fleet with an upgraded APG-79(v)4 AESA radar system.