Business

11% decrease in alcohol sales due to recent Excise Duty

The recent Excise Duty on liquor bases on alcohol volume had resulted in 11% decreased sales of alcohol during the…

7 years ago

Billionaire Ashok Pathirage controlled Asiri Health to launch an MBBS degree Program

Sri Lanka’s Leverage King titled Billionaire Ashok Pathirage owned Softlogic Group’s Asiri Health will launch a MBBS degree Program in…

7 years ago

Lanka’s ICT exports surpasses US$ 1bn

Sri Lanka’s Digital Literacy has reached 39% and ICT exports have surpassed USS 1 billion making ICT the 5th largest…

7 years ago

Hayleys 1Q19 revenue tops Rs. 50 billion

Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase…

7 years ago

Sri Lanka to resume search for investor for SriLankan Airlines

Sri Lanka will re-start its search for a new partner for state-run SriLankan Airlines within the next three months through…

7 years ago

Sri Lanka coconut prices plunge 30-pct at auction; export ban may be lifted

Sri Lanka's fresh coconuts dropped to an average 30 percent to 30,793 rupees for 1,000 nuts at the latest auction…

7 years ago

Duty reduction for cars if Sri Lanka’s trade balance improves

The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’s trade balance…

7 years ago

SLT Group ups 1H profits by 13.5% to Rs. 2.8 b; revenue up 5.5% to Rs. 39.4 b

The Sri Lanka Telecom (SLT) Group has continued its growth momentum across all key business areas including Fixed, Mobile, Broadband,…

7 years ago

Govt allocates Rs 1 bn for tea replanting

The Government will offer a Rs. 1 billion tea replanting subsidy this year to increase the area under tea cultivation.…

7 years ago

189 young entrepreneurs to get Enterprise Sri Lanka loans

The ‘Thurunudiriya’ loan scheme was launched by the Bank of Ceylon with the assistance of the Policy Development Office of…

7 years ago