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Business

Economists express concern on public benefits of interest rate drop

2020-07-12 00:09:00

The sudden drop in market interest rates offered by banks may not be beneficial as it seems, analysts said, as the Average Weighted Prime Lending Rate (AWPR) slid to 8.48 percent in June compared to 11.52 percent year ago...


Sri Lanka bank’s KYC process modernisation gets underway

2020-07-07 21:31:00

A major yet trivial problem in the banking industry right now is how tedious and costly the traditional Know-Your-Customer (KYC) process...


Sri Lanka downgraded to Lower Middle Income Country

2020-07-02 20:36:00

The World Bank has downgraded Sri Lanka from upper-middle income country to lower-middle income country category...


Update: Private Lawyer appears for new Chairwoman of SLTDA!

2020-07-01 00:22:00

The enjoining order imposed over the Sri Lanka Tourism Development Authority’s (SLTDA) unlawful takeover of land acquired by Ascot Leisure Pvt. Ltd under the under the 99-year lease was extended till July 13 today (30)...


China Development Bank links up with BOC for long-term facility

2020-06-30 17:39:00

Saddled with heavy debts, and facing a financial crisis brought on by the coronavirus, Sri Lanka appears to be piling on more Chinese debt despite having to pay millions of dollars this year to service its current obligations...


Dialog Awarded Sri Lanka’s Most Valuable Brand by Brand Finance for the Second Consecutive Year

2020-06-29 15:11:00

Dialog Awarded Sri Lanka’s Most Valuable Brand by Brand Finance for the Second Consecutive Year..


ICC calls for relief from debt servicing obligations

2020-06-23 01:30:00

ICC, the institutional representative of over 45 million businesses, has made a strong case for developing countries to be given the fiscal space needed to support their domestic economies and citizens through the crisis...


HNB launches relief fund in a mission to assist Small and Medium Scale Enterprises post-COVID-19

2020-06-20 19:35:00

The Hatton National Bank PLC has announced the launch of a Rs. 5 billion relief fund in a humanitarian move to revive the grassroot economy in Sri Lanka post COVID-19...


SLIM effort to uplift the service excellence in the country with CSM

2020-06-18 22:31:00

Clearly, the global pandemic caused by the spread of the new corona virus (COVID-19) already has an impact on the world economy and the broader market. No industry or economy has been spared by the devastating effects of the pandemic...


Singer Fashion Academy introduces E-learning platform riding on the new normalcy

2020-06-17 00:00:00

Encourages valued participants to continue learning in the safety of their homes..


Government set to obtain USD 100 million debt from India

2020-06-13 11:06:00

India has agreed to release a debt of US$ 100 million to Sri Lanka based on a request made by the government, through Exim Bank of India, on the implementation of a solar-based power project...


Sri Lanka import controls, cargo bottleneck hit apparel exporters

2020-06-08 18:55:00

Sri Lanka’s apparel exporters are facing difficulties in obtaining essential items for manufacturing due to import controls and a logjam of un-cleared cargo at the port, an industry official said just as the sector is trying to emerge from the Coronavirus crisis...


Dialog Axiata Enables Ministry of Education to Extend Toll-free Distance Learning Solutions to 1000 Schools in partnership with Huawei and Simsyn

2020-06-08 13:21:00

Dialog Axiata Enables Ministry of Education to Extend Toll-free Distance Learning Solutions to 1000 Schools in partnership with Huawei and Simsyn..


Coronavirus ’a devastating blow for world economy’

2020-06-07 19:16:00

The coronavirus pandemic is a ’’devastating blow’’ for the world economy, according to World Bank President David Malpass...


Opec and allies extend oil production cuts to end of July

2020-06-07 18:42:00

Opec, Russia and allies have agreed to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market...


Refinancing facility for Covid-hit businesses tripled to Rs.150 billion

2020-06-05 23:35:00

In a move to assist businesses hit by the COVID-19 pandemic, the present administration announced a Rs. 100 billion grant in addition to the Rs. 50 billion refinancing facility of the Central Bank through banks as urgent working capital support...


Facebook Begins Labeling ’State-Controlled’ Media

2020-06-05 11:50:00

Facebook has begun labeling content produced by media outlets it says are under state control, enacting a policy the social network first announced in October...


Dialog Axiata Gifts Fully-functional ICU at Negombo General Hospital to the Public

2020-06-01 07:57:00

Dialog Axiata Gifts Fully-functional ICU at Negombo General Hospital to the Public..


Airtel keeps users in flood affected regions connected with free call & data benefits

2020-06-01 00:33:00

Responding to flooding and landslides caused by tropical cyclone Amphan, Airtel Lanka helped its customers stay connected by providing free talk-time and data...


Join us for ’’How Will COVID-19 Reshape South Asia’s Future’’ Webinar

2020-05-28 10:02:00

Join us for ’’How Will COVID-19 Reshape South Asia’s Future’’ Webinar..


HNB enables a plug-and-play e-commerce revolution for businesses

2020-05-28 00:07:00

Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of AppiGo, a revolutionary platform which enables any business to rapidly establish end-to-end e-commerce capabilities with ease...


Samsung, Dialog and MyDoctor partner Ministry of Health to enable Telemedicine Services at 16 Key Hospitals

2020-05-25 14:17:00

Samsung, Dialog and MyDoctor partner Ministry of Health to enable Telemedicine Services at 16 Key Hospitals..


Treasury prepares new Vote on Account for 2020

2020-05-24 12:28:00

The Finance Ministry is now preparing another 3-month Vote on Account commencing from June 2020, the third for the year, to raise the necessary finances from the Consolidated Fund, Treasury Secretary S.R Attygalle said...


Hayleys Talawakelle Tea Estates PLC shines at Asia Sustainability Reporting Awards 2019

2020-05-20 12:46:00

Hayleys Talawakelle Tea Estates PLC shines at Asia Sustainability Reporting Awards 2019..


HNB Group posts Rs 3.3 Bn PAT for Q1 2020

2020-05-20 12:28:00

Hatton National Bank PLC (HNB) posted a Profit After Tax (PAT) of Rs 2.6 Bn for Q1 2020, representing an increase of Rs 607 Mn over Q1 2019...


Coronavirus ’could cost global economy $8.8tn’ says ADB

2020-05-15 17:27:00

The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn (£4.7tn-£7.1tn), according to Asian Development Bank (ADB)...


Sri Lanka exports 200 million face masks to US boosting apparel industry

2020-05-15 15:53:00

Sri Lanka apparel industry has gained land mark achievement by producing 200 million high standard face masks for export to the United States...


Dialog together with Huawei donates Telepresence Infrastructure and Connectivity Solutions to Ministry of Health 

2020-05-14 15:20:00

Dialog together with Huawei donates Telepresence Infrastructure and Connectivity Solutions to Ministry of Health..


Singer Finance Rs. 1 billion debenture issue oversubscribed

2020-05-14 12:59:00

Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, Unsecured, Senior, Redeemable three year and five year, Rs. 1 billion debenture issue being oversubscribed...


Dialog Axiata & Huawei Donate Telepresence Infrastructure and Connectivity to Ministry of Health

2020-05-14 08:13:00

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Huawei Technologies Lanka Co., (Pvt) Ltd, donated Telepresence and connectivity solutions to 30 hospitals covering district general hospitals, teaching hospitals and the designated COVID-19 treatment centers that operate under the aegis of Ministry of Health and Indigenous Medical Services (MOH). The fully-fledged Telepresence platform is set to enable the MOH with a national colla..