Business

Rupee ends at its lowest in over 7 months; stocks fall

Sri Lanka’s rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose,…

5 years ago

Foreign outflows from Sri Lanka govt. bonds settling after rate cut, says Central Bank

(Colombo) REUTERS: Outflows from Sri Lanka’s government securities have been settling after the Central Bank’s rate cut last month, the…

6 years ago

Finance Ministry rubbishes People’s Bank privatization claims

Says amendments to People’s Bank Act aimed at increasing the bank’s capital base Stresses privatization allegations baseless and politically-motivated The…

6 years ago

Higher credit costs and taxes to put banking sector profitability under pressure: Moody’s

Moody’s maintains negative outlook for Sri Lanka’s banking sector Forecasts SL’s GDP growth to slow to 2.6% in 2019 from…

6 years ago

Peter Kuruvita joins as guest chef for Sri Lanka at Expo 2020 Dubai

Peter Kuruvita with Development Strategies and International Trade Minister Malik Samarawickrama, Development Strategies and International Trade Deputy Minister Nalin Bandara,…

6 years ago

Tourism Minister to meet Russian envoy over travel advisory

From left: Board of Airline Representatives Chairman Dimuthu Tennakoon, Immigration and Emigration Department Controller General Pasan Ratnayake, SLTDA Director General…

6 years ago

PM declares open Phase 1 of Bogambara Cultural Park

Prime Minister Ranil Wickremesinghe formally unveiling a plaque to mark the occasion   A ceremony was held on August 24…

6 years ago

Trade war fractures Asian global value chains

On August 24, US President Donald Trump announced an increase from 25 to 30 percent for the existing tariffs on…

6 years ago

LOT Polish Airlines to launch Warsaw-Colombo direct flights from November

New seasonal service from Warsaw to Colombo already on sale Colombo becomes LOT’s 6th long-haul Asian destination LOT CEO says decided…

6 years ago

Central Bank slashes rates to revive economy

Cuts policy rates by 50 basis points CB Governor says noteworthy current negative output gap led to the rate cute…

6 years ago