Business

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

Several new asset classes categorised to support liquidity positions of banks

The Central Bank (CB) has categorised several new assets held by the banking sector as liquid assets, in considering the…

5 years ago

Union Bank undertakes to infuse fresh capital if UB Finance fails to court outside investor

Company slapped with deposit and lending caps as capital remains well under regulatory minimum  UB Finance Limited (UBF) has yet…

5 years ago

Coronavirus exerts pressure on Lankan banks’ ratings

Fitch Ratings cuts ratings of three banks on sovereign downgrade Says operating conditions for banks becoming increasingly more challenging Fitch expects Sri…

5 years ago

Stocks advance as virus restrictions are eased

(Hong Kong) AFP: Most equities rose again yesterday as investors grew increasingly, but cautiously, hopeful that the worst of the…

5 years ago

Hambantota Port’s tank farm fully operational

HIP’s tank farm and berth refurbished to int’l standards along with Litro GasPlanning to become regional logistics hub in addition…

5 years ago

SriLankan launches dedicated cargo flights to rescue export industries

Launches dedicated cargo flights to Europe, Middle East, Far East, Indian SubcontinentTo commence 27 dedicated cargo flights per week out…

5 years ago