Business News
Business LNP - Top IMF official to visit Sri Lanka this week to brief about economy’s state
A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya Rajapaksa on the fund’s…
Business LNP - Heavy showers forecast today: Met. Dept.
Thunderstorms and showers could be expected in the North-central, Eastern, and Uva provinces, as well as in Nuwara-Eliya, Matale and Hambantota districts…
Business LNP - Water supply could be interrupted during power cuts: Trade Union
Water supply will be interrupted during power cuts due to fuel shortage and thereby the consumers will face numerous inconveniences, convener of the Water…
Business LNP - Five nabbed with Rs. 40 mn worth of foreign currency at BIA
Five individuals were arrested at the Bandaranaike International Airport (BIA) for attempting to smuggle Rs. 40 million worth of foreign currency out of Sri…
Business LNP - SL soon to have improved access to employment in UK’s healthcare sector
Sri Lankans will soon have improved access to emerging employment opportunities in the health sector of the United Kingdom (UK) with the government looking to…
Business LNP - SriLankan records profits for first time since pandemic in Dec.
December 2021 became the first profitable month since the outbreak of the Covid-19 pandemic for SriLankan Airlines as it reported a company profit of US$ 9.25…
Business LNP - Milk powder scarcity will last until end Jan.: Importers’ Assn.
The shortage of imported milk powder will continue to prevail till the end of this month due to dollar crunch in the market, the Milk Powder Importers…
Business LNP - Kapruka Shares Begin Trading Tomorrow
Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, 7th Friday 2022.…
Business LNP - Central Bank revises maximum housing loan rate to reflect rising interest rates
Earlier 7% cap fixed for five years replaced with average monthly prime lending rate, effective from January 1 The Central Bank has revised the earlier rule,…
Business LNP - BoI, Port City to seek investments from UAE
As a follow up to Dubai Expo event , Sri Lanka is planning to launch a major investment drive in the United Arab Emirates in March with the involvement of the…
Business LNP - CPC to form new subsidiary company to develop Trinco oil tank farm
The Ceylon Petroleum Corporation (CPC) is planning to form a new subsidiary company named ‘Trinco Petroleum Terminals Ltd’ to develop the Trincomalee oil tank…
Business LNP - Banks instructed to offer extra Rs.10 for hard foreign currency conversions
Fresh instructions appear to carry broad based effect, going beyond remittances CBSL earlier asked banks to give Rs.10 extra for worker remittances during…
Business LNP - Inability to open LCs causes milk powder scarcity: Importers
Presently there is a milk powder shortage prevails in the country due to the inability to open Letters of Credit (LCs) through banks, Milk Powder Importers…
Business LNP - Come out of hiding places and tell the truth: Johnston to Gas Company heads
Chief Government Whip and Highways Minister Johnston Fernando today urged the chairmen and top officials of the gas companies to come out of their hiding…
Business LNP - SL requests Pak to ensure timely receipt of promised financial benefits to Priyantha’s family
Sri Lanka has requested the Pakistan Government to ensure timely receipt of financial benefits from the employer and the Government of Pakistan to the family…
Business LNP - If trade union action taken, will join hands with SLTB for alternatives: Railways GMR
The railway trade union action should be taken in a way that would not incur problems for the people and if trade union action is taken, the railway department…
Business LNP - US$ 100,000 raised by Sialkot business community, monthly salary to family: Foreign Ministry
Foreign Minister Prof. G. L. Peiris welcomed the announcement of the donation of US$ 100,000 by the business community in Sialkot and payment of monthly salary…
Business LNP - Govt. to hold import of vehicles and new staff appointments for 2022
The government has decided not to import any vehicles into the country and not to admit any new staff appointments for next year, Finance Minister Basil…
Business LNP - HNB wins two awards at Best Corporate Citizens Sustainability Awards 2021
Continuing its trailblazing legacy at the Best Corporate Citizens Sustainability Awards (BCCSA) 2021, Sri Lanka’s leading private sector HNB PLC was presented…
Business LNP - LP Gas back in the market with new look
The two main gas companies have decided to issue their new stocks of LP gas cylinders while carrying coloured polythene seals with changed logo colours, the…
Business LNP - Gas cylinders to be released to market from tomorrow
The Consumer Affairs Authority (CAA) said that it has decided to release domestic gas cylinders to the market from tomorrow (05) under three conditions. The…
Business LNP - Growing and export of ganja to be legalised
Legislation will be brought to Parliament shortly to permit the growing and export of ganja as a medicine for a number of noncommunicable diseases, State…
Business LNP - Govt. to import electric vehicles to reduce carbon emission, air pollution
Due to the higher amount of carbon emissions from gasoline vehicles and due to the current air pollution in urban areas, the government has decided to give…
Business LNP - Export sector fetch US$ 1.16 b revenue in October
The local export sector crossed the US$ 1 billion mark for the fifth time this year with October fetching an export revenue of US $.1.16 billion. The October…