Business

Cabraal proposes setting up of Rs.150bn Covid Equity Fund to support battered biz

Fund to be syndicated by a group of investors Says govt. and banks should devise strategy to woo investors to the…

5 years ago

March merchandise exports plunge record 42%

1Q merchandise exports down 17% to US $ 2.6bnServices exports in 1Q down 24% to US $ 805mnTotal exports in…

5 years ago

State and private sector accelerate e-commerce spend as COVID-19 alters shopping habits

As COVID-19 is altering almost everything including how people shop for their day-to-day needs, some chief executives expect such changes…

5 years ago

Bangladesh garment factories reopen, defying virus lockdown

(Dhaka) AFP: Hundreds of Bangladesh’s garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry’s…

5 years ago

Dialog Axiata pledges Rs.200mn for ICU development

From left: Dr. Sunil De Alwis - Additional Secretary (Medical Services) Ministry of Health and Indigenous Medical Services, Bhadrani Jayawardena…

5 years ago

Construction in further quandary with govt. delaying release of due payments

Govt. owes construction sector excess of Rs.50bn for completed public sector projectsCCI warns further delaying of payments puts sector at…

5 years ago

“We need to make every investment count now more than ever,” says UNDP Economist

Says financial plan for recovery needs should be on comprehensive macro-stabilization framework post crisisPoints out current crisis an opportunity to…

5 years ago

WB forecasts 19% decline in remittances to Sri Lanka this year

Driven by economic slowdown due to COVID-19 and steep decline in oil pricesGlobal remittances projected to decline 20%--highest decline in…

5 years ago

SL Tourism post-COVID-19 revival to be executed in two stages

Stage One to focus on December 2020 seasonSLTDA chief says COVID-19 has given opportunity to re-profile SL tourismPlans underway to finalise…

5 years ago

Oil prices tumble on demand collapse, Brent at 1999 lows

(Tokyo) REUTERS: Oil prices slumped again yesterday, with Brent falling to the lowest since 1999, as the market struggled with…

5 years ago