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, with exports in June plummeting 20...
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LNP - KH posts Rs.2.43 bn loss in 1Q 2020/21
Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH) Group’s profit before tax (PBT) is a negative Rs.2.43 billion in the first quarter o...
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LNP - Coronavirus: Vietnam bans wildlife trade over pandemic risk
Vietnam has banned the import of wildlife and wildlife products to reduce the risk of new pandemics. The move also bans wildlife markets for such item...
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LNP - Apparel sector yet to see any light at end of tunnel
By Shabiya Ali Ahlam Sri Lanka’s apparel sector, which has been undergoing an extremely tough time due to the economic malaise created by COV...
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Development of local canned fish industry could save country US$ 70 mn annually
The Canned Fish Manufacturers Association of Sri Lanka (CFMASL), thanked the government for assisting local producers and industries during the Covid ...
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May trade gap narrows amid sharp drop in imports
Sri Lanka’s trade deficit narrowed by US $ 416 million in May 2020 to US $ 407 million, as imports slumped to less than US $ 1 billion for the first...
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LNP - Dialog Awarded Sri Lanka’s Most Valuable Brand by Brand Finance for Second Consecutive Year
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, had the distinction of being awarded the title ‘Sri Lanka’s Most Valuable Brand’...
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CBSL approves Rs.28 billion business revival loans
The Central Bank has approved 13,861 loan applications under the Phase-I of Saubagya (Prosperity) Loan Scheme, totaling Rs. 27.9 billion, out of which...
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SLI only insurance company to secure AAA(lka) Fitch Rating
Sri Lanka Insurance emerged as the only insurer in Sri Lanka to maintain National Insurer Financial Strength (IFS) rating of ‘AAA(lka) with a Stable...
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Construction sector to demonstrate resilience - ICRA Lanka
Construction sector is expected to demonstrate resilience compared to other economic sectors of Sri Lanka ICRA Lanka in their Construction Sector Outl...
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Tourism business weighs on Aitken Spence March performance
The well-diversified nature helped Aitken Spence PLC to weather two back-to-back crises within one financial year but its leisure sector tilt still ha...
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Prime Group sets benchmark for real estate industry with credit rating
Prime Group has made history becoming the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A-] Stab...
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Singer March revenues below expectations; expects retail operations to normalise from Sept. quarter
Singer Sri Lanka PLC’s March 2020 top line came in at below the previous year’s levels but reported higher operating profits, possible from reduce...
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February trade gap widens as exports languish; imports up
Sri Lanka’s trade deficit in the month of February widened by US$ 574 million as exports languished and imports rose, latest data released by the Ce...
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Informal sector leads direct-to-consumer market over established channels during lockdowns
Informal sector appears to be making the most of the direct-to-consumer model,which flourished during the two-month long shelter-in-place conditions a...
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Bourse rebounds after two days of losses
The Colombo Stock Exchange (CSE) rebounded yesterday after two days of losses, with the benchmark All Share Price Index (ASPI) increasing by 2.81 perc...
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Shares fall as consumer, industrial stocks weigh
REUTERS: Sri Lankan stocks closed sharply lower yesterday, weighed by consumer discretionary and industrial stocks, as investors returned to stock mar...
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Tea industry urges sector players to maintain end product quality
Although Sri Lanka’s tea industry has been able to brew a strong cuppa amid the global pandemic, the sector representatives caution that the industr...
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Strict guidelines proposed for tourism sector
Strict guidelines have been proposed for the tourism sector as the industry prepares to open its doors and resume operations. A draft document prepare...
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ADB provides guarantee for USD 25 million trade loan to Sri Lanka
The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to ...
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SriLankan launches dedicated cargo flights to rescue export industries
National carrier, SriLankan Airlines, is making a decisive move to rescue the country’s much troubled export industries by launching dedicated cargo...
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No foreign financial aid to COVID-19 campaign: MR
Prime Minister Mahinda Rajapaksa said today that no financial aid has received from foreign countries to be utilised in the COVID-19 campaign. The Pri...
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