Business

UNDP’s HackaDev launches Innovation Challenge to crowdsource ideas for COVID-19 recovery

Ideas and solutions to be sourced from budding social entrepreneurs to support, respond and recover the most vulnerable groupsShortlisted ideas…

5 years ago

Informal sector leads direct-to-consumer market over established channels during lockdowns

In both urban and semi-urban areas, the known small vendors in the locality have been chosen over delivery channels from…

5 years ago

Bourse rebounds after two days of losses

The Colombo Stock Exchange (CSE) rebounded yesterday after two days of losses, with the benchmark All Share Price Index (ASPI)…

5 years ago

Shares fall as consumer, industrial stocks weigh

REUTERS: Sri Lankan stocks closed sharply lower yesterday, weighed by consumer discretionary and industrial stocks, as investors returned to stock…

5 years ago

Tea industry urges sector players to maintain end product quality

Urges to avoid flooding the market with poor quality teasWarns not to resort to such options as significant increase in…

5 years ago

Coronavirus adds huge flywheel to Lankan banks’ digitisation drive

Banks see massive upsurge in digital transaction volumes during lockdowns Want to lock-in low-cost model in post-COVID environment Sri Lanka’s banks…

5 years ago

MAS Holdings pins hopes on medical apparel to ride COVID-19 crisis

MAS hands over 4650 units of non-woven disposable coverall PPE to Health Ministry Additional Secretary Dr. Sunil de Alwis (from…

5 years ago

Decline in tourist arrivals tops 44% up to April

April records zero arrivals due to closure of airports and ports Sri Lanka recorded a 44.1 percent YoY decline in…

5 years ago

CSE to resume trading today; foreigners look to sell

Buying interest projected to remain stagnant  Market closure severely impacted foreign investor sentiment on CSE Low volumes of trade would likely to continue…

5 years ago

Tea sales average hits all-time high in April 2020

Highest ever national sales average recorded for calendar monthJan – April 2020 cumulative average of Rs.618.17 shows an increase of…

5 years ago