Business

The concerns being expressed about worker safety in the apparel industry are understandable, says The Joint Apparel Association Forum (JAAF) and its membership. The entire apparel industry is doing everything in its power to…

There is a huge untapped market in European Union (EU) countries for organic products and only a few top exporters from Sri Lanka are utilizing this advantage, Head of Development Cooperation of Delegation of the European Union to Sri…

Left to right: Mr. S. Janaka Sri Chandraguptha, Additional Secretary (Development), Dr. S. H. Munasinghe, Secretary, Ministry of Health, Hon. (Mrs) Pavithra Devi Wanniarachchi, Minister of Health (former), Mr. Supun Weerasinghe, Group…

Colombo bourse witnessed a profit-taking spree yesterday and closed in the red zone amidst a 50 bps rate hike by CBSL. Thus, the All Share Price Index declined by 82.8 points (-0.9%) to close at 8,260.1 whilst the S&P SL20…

Thanks to the country’s sizeable expatriate population, remittance outflows from the UAE have always been substantial. According to UAE Central Bank figures, Dh165 billion was remitted from the Emirates in 2019, second only to the US,…

Sanasa Life Insurance, a leading Micro Insurance Company in Sri Lanka, was awarded “Life Insurance Covid 19 Response Initiative Sri Lanka 2021” and “Most Sustainable Micro Insurance Company” upon taking into consideration the special…

The Merrill J. Fernando High Dependency Care Facility was inaugurated on August 16, at the Nawalapitiya District General Hospital. The facility is funded by Dilmah Ceylon Tea Company and its associate Kahawatte Plantations with…

In response to large public holdings of currency and fears of credit-driven inflation, the monetary board decided to increase the Standing Deposit and Lending Facility rate by 50bps each. The Monetary Board has also increased the…

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held yesterday has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points…