Browsing Category
Business
Govt needs to present clear and long term debt repayment plan – CCC
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…
Softlogic Holdings posts consolidated topline of Rs. 24.5 bn in 1QFY22
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…
UDA reforms tied to the MCC agenda – PNF
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…
Bharat Biotech re-adapts plant to raise production
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…
SL Purchasing Managers’ Index (PMI) expands in July
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,…
CSE implementation of Delivery vs. Payment mechanism
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…