Business S’pore economy shrinks in warning for global trade
SINGAPORE (AFP) - Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed yesterday, sending a…
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Business Second biggest hotel is family member’s investment
The construction work on the second biggest hotel in the Southern province is proceeding apace, they say. This 200-room- hotel coming up on a nine-acre block…
Business Tel Aviv takes ride to scooter ‘paradise’
Men use their phones to connect to the electric scooter mobile app while standing on a sidewalk of a street in the Israeli coastal town of Tel Aviv. Israelis…
Business Debt burden on each Srilankan is Rs 530,000 - Fmr AG
Former Auditor General Gamini Wijesinghe said that the debt burden on every citizen in the country amounts to Rs. 530,000. Addressing a conference of…
Business TUI pledges support for SL’s tourism industry revival
Sebastian Ebel, a member of the Executive Board of TUI AG, responsible for destination experiences, hotels and resorts, cruises and group purchasing, met with…
Business South America-EU trade talks press on after Macron warning to Brazil
BRUSSELS (AFP) - Negotiations between Europe and South America to finalise a blockbuster trade deal continued yesterday, after French President Emmanuel Macron…
Business Tourism industry urges govt. to re-evaluate costly airfare structure
Says re-evaluation of airfares could attract more European tourists Sri Lanka doesn’t have direct flights to any European city except for London When UL pulled…
Business ASEAN seeks conclusion of China-led trade deal this year: Thai PM
BANGKOK (AFP) - Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand’s Prime Minister said yesterday,…
Business FinMin signs Statements of Corporate Intent with 8 SOEs
From left: Finance Ministry Secretary Dr. R.H.S. Samaratunga, Finance Minister Mangala Samaraweera and Mahaweli Development and Environment State Minister…
Business Softlogic Holdings records Rs 3 bn PAT in 2018/19
Softlogic Holdings PLC recorded a Profit After Tax (PAT) of Rs. 3 billion, a 30% growth for year ending March 31, 2019 while a 32% growth was reported during…
Business Internet users reluctant to use e-commerce despite high awareness: survey
AfterAccess survey report Lead researcher and LIRNEasia CEO Helani Galpaya presents a copy of the report to Digital Infrastructure and Information Technology…
Business Expecting the unexpected: A business viewpoint
The Easter day bombings in Sri Lanka created a sense of deep fear among the citizens; it still prevails even one month after the incidents. Even in the…
Business An addition to the head count!
A coconut fibre mill owner, known to be a prominent Green party supporter in a certain ‘yaya’ area has given up his party after receiving a high office from…
Business SL exports to South Asia Sub regional Economic Cooperation up by 8%
The share of Sri Lanka’s total exports to the South Asia Sub regional Economic Cooperation (SASEC) countries increased from 6% to 8% within a period of 13…
Business They are the people hit hard most!
The Diyawanna politicos, who forfeited their right to a monthly pension due to the mid-term dissolution of the council are a very unhappy set these days, they…
Business ADB Annual Meeting to begin this week in Fiji
Finance Minister Mangala Samaraweera will lead the Sri Lankan delegation at the 52nd Asian Development Bank (ADB) Annual Meeting to be held in Fiji from May 1…
Business Measures to rebuild tourism industry
Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts went off across the island…
Business Measures to rebuild tourism industry
Sri Lanka’s tourism industry will take several measures to rebuild the industry which got severely affected after several blasts went off across the island…
Business Easter Sunday attacks on hotels, places of worship Five Star Hotels to recommence business soon
Shangri- La Hotel Colombo and Kingsbury Hotel Colombo said that they will be back to business soon despite Easter Sunday terror attacks. The third hotel,…
Business FM shares Lanka’s growth experience at UN ECOSOC
Finance Minister Mangala Samaraweera participating in the UN Economic and Social Council (ECOSOC) Forum’s Ministerial Financial Dialogue Panel Discussion on…
Business IFC helps CBSL launch Roadmap for Sustainable Finance
Dr. Nandalal Weerasinghe, Senior Deputy Governor, Central Bank of Sri Lanka launching the Roadmap at the Sustainable Banking Network Global Meeting of the…
Business Central Bank launches Roadmap for Sustainable Finance in Sri Lanka
The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka on April 10, 2019 at the Sustainable Banking Network Global Meeting of…
Business Asian markets mostly up as China, US hail trade talk’s progress
While the news was once again upbeat, Asian markets were unable to press ahead with the rally that has characterised the past two weeks HONG KONG…
Business MS wants int’l telecom levy reconsidered
President Maithripala Sirisena yesterday requested the Cabinet to reconsider the Budget proposal to do away with the international telecommunication levy as…