Business

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

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