Business

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…

5 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…

5 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…

5 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…

5 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…

5 years ago

LNP – Stock market soars on strong Cabinet; improved outlook with political stability

Market capitalisation up by Rs. 32 b during two daysS&P SL 20 Index up over 2%; Commercial Bank and JKH…

5 years ago

LNP – Evoke celebrates 12 years of redefining digital services

One of the country’s foremost entertainment brands, Evoke International (Pvt) Ltd celebrated its 12th anniversary recently. Evoke is the largest…

5 years ago

Budget deficit in first 5 months up as lockdowns hit revenue

Fiscal deficit increased to 3.9% of estimated GDP, up from 2.8% in 2019 Tax revenue down to Rs.508bn from Rs.705bn last…

5 years ago

LNP-Apparel exports drop 30% in 1H’20

Apparel exports during the first six months of the year (1H’20) declined 30 per cent to nearly US$ 1.8 billion,…

5 years ago

LNP-Loss of Tourism and Remittances Receipts This Year: SL’s Current Account to take a hit of 4.3% – IMF

The loss of tourism and remittances receipts is expected to shave off between 3.8 per cent and 4.3 per cent…

5 years ago