Business

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…

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…

The Sri Lankan rupee has further depreciated to Rs 202.89 against the US dollar. Meanwhile, the buying rate of a rupee stoods at Rs.198.19 against the US Dollar