Business

Rupee slips on importer, bank dollar demand; stocks down

(Colombo) REUTERS: Sri Lanka’s rupee closed slightly weaker yesterday, snapping two straight sessions of gains, due to dollar demand from…

6 years ago

New entity to handle Port City land sales

A new procurement and regulatory entity is to be established within next three to six months to conduct land sales,…

6 years ago

SriLankan says A330-200 idling at BIA lacks suitable cabin configuration for their use

Says aircraft was acquired by previous mgt. in 2017 linked to the settlement against the cancellation of the 4 new…

6 years ago

IMF to send team here next month to resume loan talks

Finance and Mass Media Minister Mangala Samaraweera with IMF Managing Director Christine Lagarde   The International Monetary Fund (IMF) has…

6 years ago

PMF abandons merger as company seals deal to infuse capital

A possibility of a merger explored between People’s Merchant Finance PLC (PMF) and People’s Leasing & Finance PLC (PLC) was…

6 years ago

Sri Lanka targets to double number of Indian tourist arrivals to 1mn this year

Rs.3bn Global Promotion Campaign likely to be launched in Dubai this April  Chinese tourist arrivals to increase to 0.5mn by…

6 years ago

China looking to set up FTZ in Sri Lanka for rubber exports

Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation   High-powered Chinese delegation in Colombo Navin to visit…

6 years ago

Dudley Sirisena announces plans to launch anti-corruption movement under President’s leadership

The brother of President Maithripala Sirisena and Araliya Group of Companies Chairman Dudley Sirisena yesterday announced his plans to launch…

6 years ago

ICC grant 14-day amnesty to report on match fixing approaches to Sri Lankans

The International Cricket Council (ICC) will, for the first time ever, start a two-week amnesty period for Sri Lankan cricketers…

6 years ago

Central Bank ceiling rate on finance company FDs revised up

The Central Bank has sharply raised the upper limit of interest rates that could be offered by non-bank lenders on…

6 years ago