'Positive outcomes from adjustments on gold and motor vehicle import tariffs'
The adjustments on gold and motor vehicle import tariffs coupled with good rainfall in catchment areas, which has positive implications for local hydr...
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Sampath Bank surpasses Rs.14 billion mark in Pre-Tax Profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion rec...
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SC order: Resounding victory for people’s franchise
UNP Leader Ranil Wickremesinghe today said the interim order issued by Supreme Courts suspending the dissolution of Parliament was a resounding victor...
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Singer first half revenue increases by 14% to Rs. 28.6 billion
Singer (Sri Lanka) PLC announced its results for the first half ended September 30, 2018. Despite tough business conditions, the results for the six m...
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ohn Keells Group revenue up 10%, profit to equity holders up 37%
John Keells Group revenue at Rs.32.57 billion for the period under review is an increase of 10 per cent over the Rs.29.62 billion recorded in the prev...
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CWC holds special discussion with Finance Ministry
A special discussion was held between the Secretary to the Ministry of Finance and the Ceylon Workers’ Congress (CWC) today (05) regarding the inc...
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Jetwing Symphony delivers strong financial results for Q2 2018/19
Jetwing Symphony PLC (JETS), the investment arm of Jetwing, last week announced strong financial results for Q2 FY 2018/19. The company recorded a re...
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Mangala exposes economy’s great peril post MS-MR deal
Net outflow of Rs. 4 b from CSE last week dwarfs Jan.-Sept. figure Says outflows putting major pressure on rupee in an already fragile global eco...
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Pan Asia Bank surpasses 1 bn rupee after tax profit milestone for nine months
Pan Asia Banking Corporation PLC, one of the fastest growing Sri Lankan commercial banks, reported its best ever profit recorded for a nine month stre...
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Country’s economy on the brink of collapse: MP
The country’s economy was on the brink of collapse with the US Dollar exchange rate reaching Rs.180, Mahajana Eksath Peramuna (MEP) Leader Dinesh Gu...
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Hyatt and Hilton Hotels have attracted 88 enquiries so far from international investors'
The government has already received 88 enquiries for the Hyatt and Hilton Hotels from leading investors from all over the world following the public...
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Indian Ocean Economy becoming global growth pole
Prime Minister Ranil Wickremesinghe, highlighted the need to maintain Freedom of Navigation and Freedom of Digital Connectivity in the Indian Ocean fo...
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Sri Lanka leads South Asia in World Bank ‘human capital’ rankings
The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod gover...
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Sri Lanka entrepreneurs an economic force but severely wanting in B-Schooling
Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and SMEs are struggling to advance their business capacities due to l...
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Palm Oil industry rejects vilification of crop as “baseless and unscientific”
The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, give...
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SL can double exports to South Asia: WB
Sri Lanka has the potential to more than double exports to South Asia, suggests a new World Bank report titled ‘A Glass Half Full: The Promise of Re...
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Sri Lanka July exports up 5.7-pct, tea, garments down
ECONOMYNEXT – Sri lanka’s earnings from merchandise exports surpassed a billion US dollars for the second consecutive month in July 2018, rising 5...
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Fresh push to woo UK investors to SL
CSE/SEC-organised ‘Invest Sri Lanka’ Forum in London today; in Edinburgh on Wednesday 13 Listed Companies to pitch for more foreign portf...
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Tourism earnings up 12.5% Jan-Aug
Tourism earnings during the first eight months as well as during the month of August this year reflected the same trend as arrivals to the country. Ac...
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Dr. De Silva pulls out from Investors’ Forum in London
State Minister of National Policies and Economic Affairs Dr Harsha de Silva has pulled out from speaking at an Investors’ Forum to be held in at the...
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MR blames free trade policies for rupee depreciation
Claims his government managed 2008 crisis without people suffering Blames current administration’s policies for depreciating rupee and not ...
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GOVT. TO CURTAIL IMPORTS - PM
To overcome currency crisis massive loans obtained by previous regime, main cause. Prime Minister Ranil Wickremesinghe yesterday said that the g...
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Sri Lanka stops import of Iranian oil ahead of sanctions
The South Asian country had earlier imported nearly all of its crude from Iran Sri Lanka has stopped crude imports from Iran and is actively switchin...
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