Business

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

India’s Mahindra Finance to acquire control of Ideal Finance for Rs.2bn

From left :Ideal Finance Ltd Chairman Nalin Welgama (fourth from left) exchanging agreement with Mahindra Finance Executive Director & Chief…

6 years ago

Softlogic 1Q hurt by Easter attacks, higher finance costs

Records net loss of Rs.752.6mn Retail, hospitals and leisure record slow growth Net finance cost surges 51% to Rs.1.4bn Diversified…

6 years ago

Cathay Pacific’s torrid week ends with shock CEO resignation

HONG KONG (AFP) -  Cathay Pacific announced the shock resignation yesterday of its CEO Rupert Hogg, compounding a torrid week…

6 years ago

Pan Asia Bank June quarter earnings down 5%

Pan Asia Banking Corporation PLC saw its June quarter (2Q19) earnings impacted by weak core banking operations amid contraction in…

6 years ago

Demand For Cheese Made Products is Increasing in Sri Lanka

Increment in tourism and changing tastes of Sri Lankans is resulting in a growing demand for cheese products. The country…

6 years ago

Indian pepper growers concerned over Sri Lanka’s move to ease exports

Business Line: Indian domestic pepper growers have taken strong exception to the reported move by the Sri Lankan government to…

6 years ago

SriLankan to post loss of up to US $ 16mn due to Easter attacks

Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as…

6 years ago

New hotel projects urged to allocate 0.5% of capital investment for sustainability initiatives

UNDP says 300 new hotel projects in Sri Lanka invested about US $9mn each since 2018 SLTDA to become fully…

6 years ago