LNP - Kapruka Shares Begin Trading Tomorrow

2022-01-06   |   Business

Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, 7th F...

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LNP - Central Bank revises maximum housing loan rate to reflect rising interest rates

2022-01-04   |   Business

Earlier 7% cap fixed for five years replaced with average monthly prime lending rate, effective from January 1 The Central Bank has revised the earli...

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LNP - Nov. credit card spend up as people loosen purse strings

2022-01-04   |   Business

Total outstanding card balance up by Rs.3.8bn; almost 9,000 new cards issued Credit card spend, a proxy for the spending pattern of mostly the urban ...

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LNP - BoI, Port City to seek investments from UAE

2022-01-03   |   Business

As a follow up to Dubai Expo event , Sri Lanka is planning to launch a major investment drive in the United Arab Emirates in March with the involvemen...

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LNP - CPC to form new subsidiary company to develop Trinco oil tank farm

2021-12-29   |   Business

The Ceylon Petroleum Corporation (CPC) is planning to form a new subsidiary company named ‘Trinco Petroleum Terminals Ltd’ to develop the Trincoma...

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LNP - Banks instructed to offer extra Rs.10 for hard foreign currency conversions

2021-12-23   |   Business

Fresh instructions appear to carry broad based effect, going beyond remittances CBSL earlier asked banks to give Rs.10 extra for worker remittances d...

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LNP - Inability to open LCs causes milk powder scarcity: Importers

2021-12-21   |   Business

Presently there is a milk powder shortage prevails in the country due to the inability to open Letters of Credit (LCs) through banks, Milk Powder Impo...

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LNP - Come out of hiding places and tell the truth: Johnston to Gas Company heads

2021-12-17   |   Business

Chief Government Whip and Highways Minister Johnston Fernando today urged the chairmen and top officials of the gas companies to come out of their hid...

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LNP - SL requests Pak to ensure timely receipt of promised financial benefits to Priyantha’s family

2021-12-16   |   Business

Sri Lanka has requested the Pakistan Government to ensure timely receipt of financial benefits from the employer and the Government of Pakistan to the...

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LNP - If trade union action taken, will join hands with SLTB for alternatives: Railways GMR

2021-12-14   |   Business

The railway trade union action should be taken in a way that would not incur problems for the people and if trade union action is taken, the railway d...

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LNP - US$ 100,000 raised by Sialkot business community, monthly salary to family: Foreign Ministry

2021-12-10   |   Business

Foreign Minister Prof. G. L. Peiris welcomed the announcement of the donation of US$ 100,000 by the business community in Sialkot and payment of month...

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LNP - Govt. to hold import of vehicles and new staff appointments for 2022

2021-12-10   |   Business

The government has decided not to import any vehicles into the country and not to admit any new staff appointments for next year, Finance Minister Bas...

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LNP - HNB wins two awards at Best Corporate Citizens Sustainability Awards 2021

2021-12-09   |   Business

Continuing its trailblazing legacy at the Best Corporate Citizens Sustainability Awards (BCCSA) 2021, Sri Lanka’s leading private sector HNB PLC was...

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LNP - LP Gas back in the market with new look

2021-12-06   |   Business

The two main gas companies have decided to issue their new stocks of LP gas cylinders while carrying coloured polythene seals with changed logo colour...

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LNP - Gas cylinders to be released to market from tomorrow

2021-12-06   |   Business

The Consumer Affairs Authority (CAA) said that it has decided to release domestic gas cylinders to the market from tomorrow (05) under three condition...

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LNP - Growing and export of ganja to be legalised

2021-12-01   |   Business

Legislation will be brought to Parliament shortly to permit the growing and export of ganja as a medicine for a number of noncommunicable diseases, St...

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LNP - Govt. to import electric vehicles to reduce carbon emission, air pollution

2021-11-30   |   Business

Due to the higher amount of carbon emissions from gasoline vehicles and due to the current air pollution in urban areas, the government has decided to...

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LNP - Export sector fetch US$ 1.16 b revenue in October

2021-11-22   |   Business

The local export sector crossed the US$ 1 billion mark for the fifth time this year with October fetching an export revenue of US $.1.16 billion. The ...

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LNP - SL continues to struggle with brand image, says tourism industry veteran

2021-11-22   |   Business

Says country being identified as both ‘Sri Lanka’ and ‘Ceylon’ makes marketing difficult Stresses need for global promotion campaign for touri...

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LNP - Vehicle import ban to continue for 6-7 months

2021-11-15   |   Business

The vehicle import ban, which has been in effect since March last year, is expected to continue for another six to seven months, Secretary to the Mini...

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LNP - Board of Investment summoned before COPE tomorrow

2021-11-11   |   Business

The Board of Investment (BOI) has been summoned before Committee on Public Enterprises (COPE) on November 11, the committee’s chairman, Prof. Charit...

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LNP - Pioneer e-commerce entity Kapruka aims for next growth phase via Rs. 500 m IPO

2021-11-10   |   Business

Aimed at riding its next growth wave, Sri Lanka’s pioneer e-commerce enterprise Kapruka is to list on the Colombo Stock Exchange via a Rs. 500 milli...

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LNP - Committee on Public Finance approves amendment to increase borrowing limit

2021-11-09   |   Business

The amendment to the Appropriation Act No. 07 of 2020 to increase the borrowing limit was recently approved by the Committee on Public Finance chaired...

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LNP - INSEE Cement Enhances Logistics Operations to Meet Local Demand

2021-11-03   |   Business

NSEE Cement – currently operating at 3.6 million ton maximum production and import capacity – has added two more shipping vessels to its import lo...

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LNP - Interruptions to water supply if CEB doesn’t restore power breakdowns during strike: Water Supply Trade Union

2021-11-03   |   Business

The water supply could be disrupted if the Ceylon Electricity Board (CEB) is unable to restore power breakdowns during the protest, the convener of th...

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