Business News
Business Colombo blossoms
The month of April considered as the beginning of 'spring season' in the country when trees flourish with fruits and blossoms. Seen here is Colombo deserted…
Business Manning Market seems busy…
Manning Market in Colombo were seen crowded with people who had come to purchase vegetables and other essentials while most of the streets looked deserted due…
Business Tea industry urges relevant govt. depts. to increase number of working days to facilitate exports
The local tea industry is urging the government to increase the number of working days of relevant government departments to facilitate the necessary approvals…
Business Payments via Outward Investment Accounts for overseas investments suspended
Prime Minister Mahinda Rajapaksa today issued an Extraordinary Gazette suspending Sri Lankans from making payments through Outward Investment Accounts for…
Business Govt. to suspend import of non-essential goods
The Government has decided to suspend or limit the importation of non-essential goods except pharmaceutical products and fuel, Cabinet spokesman and Minister…
Business Ride-hailing industry takes plunge putting gig workers’ livelihood at great peril
Sri Lanka’s sprawling ride-hailing industry dominated by PickMe and Uber fell victim to what appears to be a protracting coronavirus pandemic, throwing…
Business HSBC Sri Lanka offers relief to Personal and Corporate customers
HSBC, the largest international bank in Sri Lanka, is offering a range of relief measures for its personal and corporate customers given the challenges…
Business Apparel sector leads in mass scale insurance for employees and their families
At a time when calamity strikes us, when every one of us in the whole wide world (www) are caught off guard how many of us – citizens, would have some kind of…
Business Stock market to be closed till March 27
In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period from March…
Business Powerful quake damages buildings in Croatia capital
ZAGREB AFP March22, 2020 - A 5.3-magnitude earthquake tore down chunks of buildings in Zagreb and left a teenager in critical condition on Sunday, state media…
Business People first, economy next, says top economist Fighting COVID-19
Nishan De Mel By Shabiya Ali Ahlam As Sri Lanka is witnessing its economy coming to an almost stagnant state due to the unavoidable measures taken by the…
Business Taxes on imported face masks, disinfectants removed
The government has decided to remove import duty and other taxes imposed on all imported face masks and disinfectants including sanitizers from midnight…
Business Eswaran Brothers Exports Uses Plastic Credits to Create Sri Lanka’s First Plastic Neutral Product
Handing Over of the PlasticNeutral® Certificate (from Left) Sanith de S. Wijeyeratne - CEO, CCC, Marc Perera - CEO, Eco Friends, Dr. Lakmini Senadheera - Head…
Business COVID-19 to cost apparels over US $ 500mn in revenue
The local apparel sector, following a series of stakeholder consultations, has assessed that the immediate revenue loss for the industry due to the coronavirus…
Business PM mulls new initiative to minimize coronavirus impact on tourism industry
Tourism authorities in coordination with the Health Ministry will prepare a new programme to address the coronavirus outbreak impact on tourism industry. The…
Business A businessman and a politico in a tape-recording trap!
The owner of this enterprise, a former commando, is a successful businessman. When Yahapalanaya took office following the fall of the former strongman’s…
Business Senkadagala Finance acquires Candor Asset Management
Senkadagala Finance PLC yesterday acquired Candor Asset Management, a unit trust and asset management firm, from Eagle Proprietary Investments Limited (EPIL),…
Business Apparel industry holds crucial meeting today to assess virus hit
The representatives of Sri Lanka’s apparel sector will meet today to assess the impact of the coronavirus (COVID-19) outbreak on the industry, which is also in…
Business February inflation shoots up to 6.2%
Headline inflation as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index increased to 6.2 percent in February 2020 from 5.7 percent…
Business CB forecasts growth to pick up to 4-4.5% next year
From left: Governor Prof. W.D. Lakshman and Senior Deputy Governor Dr. Nandalal Weerasinghe. Pic by Waruna Wanniarachchi By Nishel Fernando The…
Business Sri Lanka Tourism shares Christmas spirit with local and foreign tourists
The Tourist Information Centre (TIC) at The Bandaranaike International Airport (BIA) of Sri Lanka Tourism had a different atmosphere altogether, getting into…
Business Weak leisure sector hinders JKH 2Q earnings; consumer, retail segments gain momentum
The performance of Sri Lanka’s largest listed company, John Keells Holdings PLC (JKH) was hampered by its weak leisure sector operations hit by Easter Sunday…
Business Union Bank September earnings up on portfolio realignment
Union Bank of Colombo PLC reported higher earnings for the period ended September 30, 2019 (3Q19), but the core-banking operations remained muted due to slower…
Business CB keeps rates steady to stabilize inflation
The Monetary Board of the Central Bank (CB) yesterday decided to maintain policy interest rates at their current levels, awaiting for materialisation of…