Business

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…

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…

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,…

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…

Sri Lanka has inked a deal for a 2 billion Renminbi term loan (approximately Rs 61.5 Billion) today, the Chinese Embassy in Colombo said in a Twitter message. “China Development Bank and Sri Lankan Government has entered into an…

EDB Chairman Suresh De Mel noted that Sri Lanka’s future success in exports would be driven on the back of a niche-product strategy. He noted multiple successes of export revenue generation companies and how they have successfully…

99x received investment as part of its Capital Restructuring program, an investment of USD 20 million towards its next phase of planned growth. The funds were through an investment from Herkules Deal-by-Deal, a Scandinavian private…

Veteran banker, K.E.D. Sumanasiri assumed duties as the General Manager of Bank of Ceylon, commencing from August 16, 2021. Sumanasiri assumed duties as the 22nd General Manager of the Bank of Ceylon General Manager’s office at the…