Business

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…

Posting a steady performance, Orient Finance PLC recorded a profit before tax of LKR 59 Mn for the first quarter of the financial year 2021-22, indicating a growth of 217 per cent in comparison to the corresponding period in the…

Crises can often lead to significant changes in almost every operational aspect of life. The ongoing global COVID-19 pandemic is a fitting example of how profound disruption can be. Many industries and markets had to radically shift to…

Issuing a statement the Central Bank of Sri Lanka (CBSL) refutes the claims that it has requested licensed banks to ‘devalue’ the Sri Lankan Rupee. It stated, "the Central Bank of Sri Lanka (CBSL) has observed messages being…