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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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, getti...
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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 East...
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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 ...
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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 ...
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CB tells banks to prepare for sweeping industry changes with new Banking Act
New Banking Act to come into effect in 2021 Banks will have to address supervisory concerns or risk monetary penalties The Central Bank (CB) w...
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