February trade gap widens as exports languish; imports up

2020-05-18   |   Business

Sri Lanka’s trade deficit in the month of February widened by US$ 574 million as exports languished and imports rose, latest data released by the Ce...

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Informal sector leads direct-to-consumer market over established channels during lockdowns

2020-05-14   |   Business

Informal sector appears to be making the most of the direct-to-consumer model,which flourished during the two-month long shelter-in-place conditions a...

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Bourse rebounds after two days of losses

2020-05-14   |   Business

The Colombo Stock Exchange (CSE) rebounded yesterday after two days of losses, with the benchmark All Share Price Index (ASPI) increasing by 2.81 perc...

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Shares fall as consumer, industrial stocks weigh

2020-05-14   |   Business

REUTERS: Sri Lankan stocks closed sharply lower yesterday, weighed by consumer discretionary and industrial stocks, as investors returned to stock mar...

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Tea industry urges sector players to maintain end product quality

2020-05-14   |   Business

Although Sri Lanka’s tea industry has been able to brew a strong cuppa amid the global pandemic, the sector representatives caution that the industr...

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Strict guidelines proposed for tourism sector

2020-05-08   |   Business

Strict guidelines have been proposed for the tourism sector as the industry prepares to open its doors and resume operations. A draft document prepare...

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ADB provides guarantee for USD 25 million trade loan to Sri Lanka

2020-05-07   |   Business

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to ...

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SriLankan launches dedicated cargo flights to rescue export industries

2020-05-05   |   Business

National carrier, SriLankan Airlines, is making a decisive move to rescue the country’s much troubled export industries by launching dedicated cargo...

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No foreign financial aid to COVID-19 campaign: MR

2020-05-04   |   Business

Prime Minister Mahinda Rajapaksa said today that no financial aid has received from foreign countries to be utilised in the COVID-19 campaign. The Pri...

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Equities tumble as Trump revives trade war fears

2020-05-04   |   Business

(Hong Kong) AFP: Stock markets suffered steep losses yesterday, tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war...

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