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…
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Business All countries need to work together to protect people, limit economic damage: IMF
The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage,…
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 Taking precautionary measures
Several State and privates institutes and centres in the Colombo City seen taking precautionary measures to avoid the spread of Covid-19. The picture shows an…
Business Economist urges need for credible fiscal roadmap
Sri Lanka would need to demonstrate the return to a credible fiscal path, a transition the country would have to make before the next debt repayment that is…
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 IFC partners with CSE for 5th Ring the Bell for gender equality event in Sri Lanka
From left: David Holly, High Commissioner, Australian High Commission in Sri Lanka; Amanthi Perera, Deputy General Manager Strategic Sustainability of MAS…
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 High-flyer brought to earth!
A request by a politico for a helicopter ride to attend an important meeting at the periphery was curtly turned down by the Big Boss, they say. …
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 Port City’s first overseas launch in Singapore this July
By Nishel Fernando The project company of Colombo Port City (CPC), CHEC Port City Colombo, is set to kick off the global launch of the Colombo Port City…
Business Softlogic returns to black amid gradual recovery in consumer spending
Softlogic Holdings PLC returned to profit in the quarter ended December 31, 2019 (3Q20), recording a double-digit growth in the top line, as the diversified…
Business German cabin crew union says to strike next week at Germanwings
Reuters – German cabin crew will go on strike from Monday to Wednesday next week at Lufthansa’s budget airline Germanwings, the UFO labour union said on Friday…
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 ComBank gets US$ 25mn Proparco loan to support local SMEs
SMEs make up about 75% of SL’s companies AFD Group’s investments in SL cross EUR 850mn Proparco, a subsidiary of the Agence Française de Développement (AFD)…
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…