Business

LNP – First EU-GMP compliant USD 18.5 mn pharma facility opens in Homagama

The government believes that Sri Lanka should aim towards promoting local manufacturing of pharmaceutical products so that foreign exchange can…

4 years ago

LNP – New debt piling up slows as govt. cuts spending

Average monthly debt accumulation plunges to Rs.96bn in 2Q from Rs.244Bbn in 1Q Total public debt rises Rs.1.23tn during first 7…

4 years ago

LNP – Sri Lanka’s sovereign bond yields rise after Moody’s downgrade

Sri Lanka all set to settle billion dollar sovereign bond on October 4Analysts say downgrade could push Sri Lanka towards IMF…

4 years ago

Hànyu Services expands to address growing interest in Chinese language services

In a global climate where China has established its standing as the second largest and fastest growing economy in the…

4 years ago

LNP – Minimum annual saving of Rs. 30 bn Govt procurement goes electronic

The Government will shortly go in for a system where it will engage in all its procurements electronically which will…

4 years ago

LNP – Credit card spend continues uptrend implying consumer spending recovery

The outstanding balance of total credit cards in Sri Lanka continued to add on during July, though at a slower…

4 years ago

LNP – Motorcar registrations plunge in July; commercial vehicles steady

Sept. registrations set to plunge further with vehicle stock already imported depleting Indicates rebound in agriculture, construction and other industries Sri…

4 years ago

LNP – Sri Lanka ranked 83rd on Economic Freedom of World Index

Moves up 15 places from last year; but index compilers say only 2018 data considered for rankingRanks weak in category…

4 years ago

LNP – Weaker reserves, debt repayments hinder SL’s ability to cut rates further: Moody’s

Says SL’s foreign reserves position set to weaken with settling of US $ 1bn scheduled for next monthPoints out it…

4 years ago

LNP – Export earnings strike near US$ 1bn in August

Down 13% over July and 9% over the same month in 2019 Earnings in first 8 months down 19% to US$…

4 years ago