Remove apparel quota to India - Exporters

2018-02-22   |   Business

Sri Lanka Apparel Exporters Association Chairman Felix Fernando requested the Indian government to either improve the existing apparel quota system to...

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Sri Lanka national inflation slows to 5.4-pct in January

2018-02-22   |   Business

Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 5.4 per cent in January 2018 from 7.3 per cent in December 2...

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CBSL opposes govt. move to set up hybrid company

2018-02-21   |   Business

Controversial National Payment Platform revived: Many an eyebrow has been raised by a government move to set up a hybrid company as part of the contro...

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Seylan Group ups after tax profit by 24% to Rs. 5 b

2018-02-20   |   Business

In the backdrop of challenging external environment, Seylan Group has reported a resilient performance by recording a profit after tax of Rs. 5.004 bi...

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Sri Lanka, UAE sign MoU on cooperation in labour sector facilitating recruitment of domestic workers

2018-02-19   |   Business

The United Arab Emirates (UAE) and Sri Lanka have signed a Memorandum of Understanding (MoU) to foster cooperation in the labour and manpower fields f...

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COMBANK sets new digital banking record with Rs. 663 b in transactions

2018-02-15   |   Business

A whopping Rs. 662.95 billion was transacted through digital banking channels alone, by customers of the Commercial Bank of Ceylon in 2017. This is t...

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‘Inflation at moderate level, foreign reserve to be above US$ 7 bn’

2018-02-15   |   Business

First Capital Research (FCR) believes inflation rate to moderate, foreign reserve position to be maintained above US$ 7 billion levels. FCR also expe...

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EPF, NSB, SLIC losses due to bond scams exceed Rs. 31 billion

2018-02-06   |   Business

The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund (EPF,) Sri Lanka In...

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EPF gets zero returns from majority of private equity investments

2018-02-06   |   Business

EPF has invested Rs.10.8bn in 7 private equity investments up to 2014 Of that, Rs.9.3bn has not generated any returns to this date Only 2 inves...

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World’s top investment bank Lazard explores SL, works with MTI

2018-02-05   |   Business

Recognised as one of the world’s preeminent financial advisory and asset management firms, 170-year-old Lazard has shown interest in Sri Lanka, with...

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