Business

LNP – LMF Group eyes to double milk production with completion of Rs.3bn dairy farm

New dairy farm to come into operation first quarter, next yearTo double yoghurt production to 8mn cups with Rs.300 mn…

4 years ago

LNP – Govt. renews call for debt service standstill from multilateral lenders

Finance State Minister says move could free up resources to provide more relief to peopleCurrent debt service suspension initiative by…

4 years ago

LNP – Softlogic Life Insurance strikes big!

Secures US $ 15mn funding from Finnfund and NorfundInks US $ 15mn financial reinsurance deal with MunichRe Softlogic Life Insurance…

4 years ago

LNP – India’s economic growth hit by record slump following virus lockdown

Indian GDP contracts 24% in first quarter (Mumbai) AFP: India’s economic growth suffered a historic 23.9 percent decline between April…

4 years ago

LNP – Colombo consumer prices ease in Aug.

Headline inflation slows down to 4.1% from 4.2% in JulyNon-food inflation contracts by 0.2% due to lower spending on healthcare Food…

4 years ago

LNP – Harsha Amarasekera assumes duties as Sampath Bank Chairman

Harsha Amarasekera PC was appointed as the Chairman (Non-Executive, Non- Independent) of Sampath Bank PLC with effect from 30th August…

4 years ago

LNP – BOI to promote FDI from UK

Direct General, BOI Sanjaya Mohottala, met British High Commissioner Sarah Hulton at the High Commissioner’s residence recently to discuss investment…

4 years ago

LNP – Sharp fall in proxy lending rate for SMEs in July

AWNLR falls sharp 131bps to 9.87% indicating significant boost to small bizDecline in prime lending rate close to its historically lowest…

4 years ago

Belgium, Singapore, Japan and Korea signal willingness to invest in Port City

“Many investors from Belgium, Singapore, Japan, and Korea have pledged their willingness to commence various trade activities in the Colombo…

4 years ago

LNP – Prasanna to make case for re-opening BIA to tourists before Cabinet

Tourism Minister Prasanna Ranatunga will present to the Cabinet the case for re-opening the Sri Lankan borders as early as…

4 years ago