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Both Global and Sri Lankan investors and the business community need a clear and long term debt repayment plan spelt out by the government, Ceylon Chamber of Commerce Chairman Vish Govindasamy said. At a special virtual press…
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Softlogic Holdings PLC delivered a robust business performance in 1QFY22 achieving a consolidated top line of Rs. 24.5 billion, up 73% (1QFY21 - Rs. 14.2 billion). The quarterly operating profit was Rs. 2.3 billion (operating loss of…
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The Professionals National Front (PNF) alleged that any reform laws governing the Urban Development Authority (UDA) may be part of the Millennium Challenge Corporation (MCC) agenda for land reform in Sri Lanka. They noted that the…
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House prices have fallen for the first time this year, according to property website Rightmove. It said the average price of property coming to market in August fell 0.3%, a drop of £1,076, to £337,371. That was prompted by the…
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Indian biotechnology company Bharat Biotech has repurposed its Chiron Behring manufacturing plant in Ankleshwar, Gujarat, to scale up production of its anti-Covid vaccine, Covaxin, said people familiar with the development. The…
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Manufacturing PMI increased further in July 2021 recording an index value of 57.8 with an increase of 7.4 index points compared to June 2021. This was mainly attributable to the increases observed in new orders, production, employment,…
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The introduction of Delivery Versus Payment (DVP) is the most meaningful change to the Colombo Stock Exchange (CSE) trading infrastructure in several decades. The CSE implemented the DVP Settlement mechanism as scheduled on 16th August…
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All Ceylon Tamil Congress (ACTC) Leader and Jaffna District MP Gajendrakumar Ponnambalam has tested positive for COVID-19. He confirmed it in his Twitter account yesterday. “Since my wife, daughter and I were showing symptoms of…
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