Export Development Board confident export sector will steer country out of COVID-19 crisis
The Export Development Board (EDB) yesterday renewed its call to the government and the business community to give utmost prominence to local exports ...
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Consumer durables sector hit hard by coronavirus
The depleted consumer incomes and temporary import restrictions on non-essential imports could deal a heavy blow to Sri Lanka’s consumer durables se...
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Colombo blossoms
The month of April considered as the beginning of 'spring season' in the country when trees flourish with fruits and blossoms. Seen here is Colombo de...
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Manning Market seems busy…
Manning Market in Colombo were seen crowded with people who had come to purchase vegetables and other essentials while most of the streets looked dese...
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Tea industry urges relevant govt. depts. to increase number of working days to facilitate exports
The local tea industry is urging the government to increase the number of working days of relevant government departments to facilitate the necessary ...
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Payments via Outward Investment Accounts for overseas investments suspended
Prime Minister Mahinda Rajapaksa today issued an Extraordinary Gazette suspending Sri Lankans from making payments through Outward Investment Accounts...
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Govt. to suspend import of non-essential goods
The Government has decided to suspend or limit the importation of non-essential goods except pharmaceutical products and fuel, Cabinet spokesman and M...
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Ride-hailing industry takes plunge putting gig workers’ livelihood at great peril
Sri Lanka’s sprawling ride-hailing industry dominated by PickMe and Uber fell victim to what appears to be a protracting coronavirus pandemic, throw...
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HSBC Sri Lanka offers relief to Personal and Corporate customers
HSBC, the largest international bank in Sri Lanka, is offering a range of relief measures for its personal and corporate customers given the challenge...
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Apparel sector leads in mass scale insurance for employees and their families
At a time when calamity strikes us, when every one of us in the whole wide world (www) are caught off guard how many of us – citizens, would have so...
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Stock market to be closed till March 27
In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period f...
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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, sta...
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People first, economy next, says top economist Fighting COVID-19
Nishan De Mel By Shabiya Ali AhlamAs Sri Lanka is witnessing its economy coming to an almost stagnant state due to the unavoidable measures taken by t...
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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 m...
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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 Senadhee...
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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 co...
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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 indust...
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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...
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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...
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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...
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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...
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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 ...
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