Business

ComBank raises another Rs.10 bn to support COVID-19 affected SME exporters

Bank obtains US$ 50 mn short term loan from a development finance institution for this purposeLoans to be made available…

5 years ago

People’s Bank offers special COVID-19 loans up to Rs.20mn to CA Sri Lanka members

From left: CA Sri Lanka CEO Dulani Fernando, Vice President Sanjaya Bandara, Council Member Tishan Subasinghe, President Manil Jayesinghe, People’s…

5 years ago

Pepper prices record sharp drop as harvest season arrives

Indian importers await clearance from their govt. to import duty free pepper  Sri Lanka’s pepper prices have sharply dropped from…

5 years ago

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…

5 years ago

Prime Group sets benchmark for real estate industry with credit rating

Commences operations at head office, flagship project Prime Grand - Ward Place and all other construction sites  Prime Group has…

5 years ago

Sri Lanka may benefit from early buyback of US$ 1bn ISB maturing in October

Sri Lanka may benefit from an early buyback of US$1 billion dollar-denominated international sovereign bond (ISB) maturing this October, although…

5 years ago

Human development on course to decline this year for first time since 1990: UNDP

Global human development, which can be measured as a combination of the world’s education, health and living standards, could decline…

5 years ago

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…

5 years ago

February trade gap widens as exports languish; imports up

Feb. trade deficit widens by US$ 574mnExports up by just 0.7% to US$ 988mnImports up 9.1% to US$ 1.56bnAgriculture exports…

5 years ago