Business LNP - Singer wins Retail Brand of the Year
Singer (Sri Lanka) PLC, was recently bestowed with the coveted “Retail Brand of the Year Sri Lanka 2021” award at the 11th Global Banking and Finance Review…
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Business LNP - EPF’s asset base grows in 2020; but returns to members slip
Fund’s total asset base closes in Rs.3tn after adding Rs.284bn in 2020 Declares 9% return on member balances, down from 9.5% in 2019 Historically low interest…
Business LNP - Prime Residencies IPO oversubscribed on Opening day
Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s oversubscription forecasts proved to be true as the…
Business LNP - Prime Lands Residencies opens its IPO today
Prime Lands Residencies, the condominium property arm of Prime Group, opens its Initial Public Offering today, 11th May 2021. The highly awaited IPO will…
Business LNP - Sri Lanka Vannamei prawns capture Jordanian market
The Sri Lanka Embassy in Jordan in its efforts to drive high value aquaculture commodities from Sri Lanka into Jordan under its economic diplomacy initiative,…
Business LNP - Construction Industry Stakeholders of Sri Lanka and Nepal discuss areas to strengthen collaboration
Sri Lanka Embassy in Nepal partnered with the Export Development Board of Sri Lanka (EDB) to connect construction industry stakeholders of the two countries in…
Business LNP - Dambulla Economic Centre to reopen for trading tomorrow
A decision has been taken to reopen the Dambulla Dedicated Economic Centre for trading from tomorrow (05), under strict health guidelines. Ada Derana reported…
Business LNP - EBay says open to accepting to cryptocurrencies in future, exploring NFTs
Reuters - EBay Inc (EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get…
Business LNP - Business sentiment rose ahead of the festive season but may wane in its aftermath
As the country looks to accelerate its recovery, striking a balance between supporting the economy through the pandemic and ensuring fiscal sustainability will…
Business LNP - Govt. mulls pension scheme for private sector
The attention of the government has been drawn to introduce a pension scheme and a Social Security Fund for the private sector employees, Labour Minister Nimal…
Business LNP - Local company sealed off after tests confirm presence of Aflatoxin in coconut oil
The Consumer Affairs Authority (CAA) has taken measures to seal off a local coconut oil manufacturing company after it was confirmed its products contain the…
Business LNP - Prime Lands Residencies announces Virtual Investor Forum for upcoming Initial Public Offering
Prime Lands Residencies, the condominium property arm of Prime Group, announces the first ever Virtual Investor Forum for its upcoming Initial Public Offering…
Business LNP - India’s economy to contract as Covid-19 cases soar
India’s economy may shrink in the current quarter as Covid-19 cases surge, but the country could recover in the next one, according to two economists. On…
Business LNP - Port City to have significant impact on economy -ICCSL
The International Chamber of Commerce, Sri Lanka ( ICCSL) in a statement issued on Monday said “The Port City project will have a significant impact on the…
Business LNP - Fashion designers say cost of production up due to import restrictions
Fashion designers are struggling to keep up with the fast-changing trends in the country, as challenges in sourcing raw materials has led to a slowdown in…
Business LNP - In view of boosting night economy Diana proposes to extend opening hours of bars
Opening hours of bars in hotels and liquor shops should be extended in order to create a night economy in Sri Lanka, MP Diana Gamage proposed in Parliament…
Business LNP - Port City to add US$ 30bn to Sri Lanka’s economic output
Estimates Port City would generate over 300,000 new jobs and US$ 10bn in fresh direct investments To have positive impact on SL’s BoP; to generate US$ 5.2bn in…
Business LNP - Sri Lanka’s Niftron Raises Rs. 21 Million Capital from LAN’s Angel Fund
The Angel Fund has announced a Rs. 10 million investment in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more…
Business LNP - Union Assurance awarded Life Insurance Company of the Year at Business Leader Awards
Affirming its leadership in the country’s fast-growing insurance industry, Sri Lanka’s premier life insurer Union Assurance recently celebrated a sweeping…
Business LNP - Sri Lanka Investment Forum to Feature Over 50 Projects and Corporate Investment Opportunities
Sri Lanka’s Investment Showcase to the World on 7-9th June Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly…
Business LNP - Suspicion leads to adulterated liquor entering market
Suspicion surrounds over an incident where two persons who had died over alcohol poisoning in Galenbindunuwewa and another hospitalised in a critical condition…
Business LNP - Remaining importers notified to re-export carcinogenic coconut oil stocks
Sri Lanka Customs has informed the 02 remaining importers to re-export their coconut oil stocks containing carcinogens. Katana Refineries, one of the three…
Business LNP - B2B meeting to boost Sri Lankan exports of fruits and vegetables to Oman
Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board, organised a virtual B2B meeting between Carrefour Oman and eight prominent Sri…
Business LNP - US offers Sri Lanka debt management support
The United States has offered Sri Lanka support to manage its debt and find a more sustainable path forward. The US Ambassador to Sri Lanka, Alaina B. Teplitz…