LNP – Colombo consumer prices ease in Aug.
Headline inflation slows down to 4.1% from 4.2% in July Non-food inflation contracts by 0.2% due to lower spending on
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Business
LNP – Harsha Amarasekera assumes duties as Sampath Bank Chairman
Harsha Amarasekera PC was appointed as the Chairman (Non-Executive, Non- Independent) of Sampath Bank PLC with effect from 30th August
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LNP – BOI to promote FDI from UK
Direct General, BOI Sanjaya Mohottala, met British High Commissioner Sarah Hulton at the High Commissioner’s residence recently to discuss investment
Read moreLNP – Sharp fall in proxy lending rate for SMEs in July
AWNLR falls sharp 131bps to 9.87% indicating significant boost to small biz Decline in prime lending rate close to its historically
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Belgium, Singapore, Japan and Korea signal willingness to invest in Port City
“Many investors from Belgium, Singapore, Japan, and Korea have pledged their willingness to commence various trade activities in the Colombo
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LNP – Prasanna to make case for re-opening BIA to tourists before Cabinet
Tourism Minister Prasanna Ranatunga will present to the Cabinet the case for re-opening the Sri Lankan borders as early as
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LNP – Stock market soars on strong Cabinet; improved outlook with political stability
Market capitalisation up by Rs. 32 b during two days S&P SL 20 Index up over 2%; Commercial Bank and
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LNP – Evoke celebrates 12 years of redefining digital services
One of the country’s foremost entertainment brands, Evoke International (Pvt) Ltd celebrated its 12th anniversary recently. Evoke is the largest
Read moreBudget deficit in first 5 months up as lockdowns hit revenue
Fiscal deficit increased to 3.9% of estimated GDP, up from 2.8% in 2019 Tax revenue down to Rs.508bn from Rs.705bn
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LNP-Apparel exports drop 30% in 1H’20
Apparel exports during the first six months of the year (1H’20) declined 30 per cent to nearly US$ 1.8 billion,
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