Business LNP - Litro Gas turning a profit after years - Chairman
Litro Gas company has become a profit-making institution in July this year for the first time in several years, according to Litro chairman Muditha Peiris. The…
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Business LNP - Port City Colombo SEZ introduced at the Commonwealth Business Forum 2022 Kigali, Rwanda
CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission successfully introduced the Special Economic Zone to 50 plus potential…
Business Importance of ‘Fair Play’ by all Stakeholders of the Economy in Countering the Current Unprecedented Economic Crisis
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the…
Business Merchandise trade balance records a surplus for first time in nearly 20 years
The merchandise trade balance recorded a surplus in June 2022 for the first time since August 2002, reflecting the impact of historically high monthly export…
Business LNP - US $ 1Bn loan from China to settle previous loans
The proposed US $ 1 billion loan to be obtained from China will be utilised to settle the previous loans from the Chinese banks, Daily Mirror learns. Sri…
Business LNP - IMF calls SL to strengthen VAT and income taxes
The International Monetary Fund (IMF) has recommended Sri Lanka a comprehensive set of policies with specific measures which included strengthening VAT and…
Business LNP - Banks directed to sell 50% of worker remittances to CB every week
The Central Bank has directed all licensed banks to sell 50 percent of inward workers’ remittances to the Central Bank every week. The directive came into…
Business LNP - Gem exports can bring US$1Bn to SL this year: SB
Action will be taken to increase exporting gems that could bring in a revenue of US$1 billion by the end of this year, which is currently at US $265 mn,…
Business LNP - UK warns its citizens on travel to SL over deteriorating economic situation
The United Kingdom, in its latest travel advisory on Sri Lanka has warned its citizens saying the economic situation was deteriorating in the country with…
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 - Central Bank refuses US Dollars to CPC without rupees
Triggering further uncertainty on a possible fuel shortage in the country , the Central Bank said it could not release foreign exchange to the Ceylon Petroleum…
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 - Sri Lanka is on the road to recovery: Cabraal
Sri Lanka’s economy is gradually but surely on the road to recovery and the country will record a GDP growth of over 5% in 2022, Governor of the Central Bank,…
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 - People’s Bank of Sri Lanka removed from Chinese Embassy blacklist
People’s Bank of Sri Lanka has been removed from the blacklist of the Economic and Commercial Office of the Embassy of People’s Republic of China. People’s…
Business LNP - CBSL Chief allays fears of default, forced forex conversion
The Central Bank Governor Nivard Cabraal yesterday allayed unfounded fears over a sovereign default or bankruptcy and said it had set aside $ 500 million for…
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 - A Rs 229 billion economic relief package announced
The Government today announced a Rs 229 billion economic relief package which comprises a Rs 5000, salary hike for state workers, increasing of pensions,…
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 - Bourse welcomes 2022 with a bang
ASPI records highest daily gain in history Daily turnover tops Rs.9.6bn Foreigners end up as net buyers The stock market commenced trading in 2022 with a bang,…