Business

SriLankan cuts losses in first half

Trims losses by 11.6% to US$ 76mn Revenue down 70% to US$ 43mn Operating expenditure down to US$ 55mn Plans…

5 years ago

Air quality in Colombo worsens

Mist-like conditions prevailed in Colombo both on Tuesday and Wednesday with the air quality in Sri Lanka’s capital recording unhealthy…

5 years ago

Election pledges threaten fiscal targets under IMF

Sri Lanka’s two top presidential candidates are offering election giveaways, from free housing to sanitary pads for women as well…

5 years ago

Weak leisure sector hinders JKH 2Q earnings; consumer, retail segments gain momentum

The performance of Sri Lanka’s largest listed company, John Keells Holdings PLC (JKH) was hampered by its weak leisure sector…

5 years ago

Union Bank September earnings up on portfolio realignment

Union Bank of Colombo PLC reported higher earnings for the period ended September 30, 2019 (3Q19), but the core-banking operations…

5 years ago

Increased efforts on marketing urged to link SMEs with supply chains

The Central Bank (CB) has called for a robust institutional structure and more efforts on marketing to connect micro, small…

5 years ago

England expect the unexpected from New Zealand

Eddie Jones said his England team were braced to deal with the unexpected when they play New Zealand in the…

5 years ago

Sri Lanka set to become outlier in slowing global economy: stockbroker

Softlogic Stockbrokers says economy likely to grow over 5% next year Says Sri Lanka has acute malnutrition problem Expects corporate…

5 years ago

ComBank gets US$ 25mn Proparco loan to support local SMEs

SMEs make up about 75% of SL’s companies  AFD Group’s investments in SL cross EUR 850mn  Proparco, a subsidiary of…

5 years ago

CB keeps rates steady to stabilize inflation

The Monetary Board of the Central Bank (CB) yesterday decided to maintain policy interest rates at their current levels, awaiting…

5 years ago