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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HNB one of the best capitalised banks in the country: Managing Director
Jonathan Alles, Managing Director and Chief Executive of Hatton National Bank (HNB) in an interview with Mirror Business speaks about the bank’s key...
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Hemas wins Asia’s Most Socially Responsible Company Award
Shiromi Masakorala, General Manager – Sustainability and Corporate Communications of Hemas Holdings PLC and Executive Director of Hemas Outreach Fou...
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Important yogas in
Vedic Astrology gives an important place among predictive techniques to yogas or special combinations or configurations of planets in a horoscope. In ...
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IFC evaluating nearly US $ 250mn investment opportunities in Sri Lanka’s private sector
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is evaluating nearly US $ 250 million worth of investment...
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Effective public financial mgt. crucial to achieve economic prosperity: CB Governor
Considering the important role government activities play in an economy, the need for effective public financial management, which is built on trustwo...
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Higher credit costs and taxes to put banking sector profitability under pressure: Moody’s
Moody’s maintains negative outlook for Sri Lanka’s banking sector Forecasts SL’s GDP growth to slow to 2.6% in 2019 from 3.2% in 2018 Say...
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Trade war fractures Asian global value chains
On August 24, US President Donald Trump announced an increase from 25 to 30 percent for the existing tariffs on US $ 250 billion of Chinese imports fr...
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Central Bank slashes rates to revive economy
Cuts policy rates by 50 basis points CB Governor says noteworthy current negative output gap led to the rate cute According to CB, monetary pol...
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India’s Mahindra Finance to acquire control of Ideal Finance for Rs.2bn
From left :Ideal Finance Ltd Chairman Nalin Welgama (fourth from left) exchanging agreement with Mahindra Finance Executive Director & Chief Finan...
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Softlogic 1Q hurt by Easter attacks, higher finance costs
Records net loss of Rs.752.6mn Retail, hospitals and leisure record slow growth Net finance cost surges 51% to Rs.1.4bn Diversified conglomera...
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Pan Asia Bank June quarter earnings down 5%
Pan Asia Banking Corporation PLC saw its June quarter (2Q19) earnings impacted by weak core banking operations amid contraction in the bank’s loan b...
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Indian pepper growers concerned over Sri Lanka’s move to ease exports
Business Line: Indian domestic pepper growers have taken strong exception to the reported move by the Sri Lankan government to hold talks with India f...
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SriLankan to post loss of up to US $ 16mn due to Easter attacks
Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as tourism in the island nation suffers following the Eas...
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