Business

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), remained unchanged at 6.1% in June 2021 due to the statistical effect of the high base prevailed in June 2020.…

Nations Trust Bank PLC announced the successful oversubscription of its Unlisted Debenture prior to its opening, aggregating LKR 5 billion in applications. Structured, managed and placed internally; the Bank planned to raise up to LKR…

MTI Consulting has completed the Strategic Plan for Rwanda Cooperation (https://cooperation.rw/) - the Rwanda state-owned Enterprise charged with the responsibility of sharing the Country’s Home-Grown Initiatives and good practices…

Faculty of Graduate Studies & Research and the Staff Development Committee, Faculty of Engineering of the Sri Lanka Institute of Information Technology (SLIIT) and Section C, of the Sri Lanka Association for Advancement of Science…

The Export Development Board (EDB) has made assurances to firms capable of obtaining international financing that they will be able to utilize said financing for their operations. The EDB is of the view that the funds can be…

Sri Lanka tea production for June 2021 totalled 25.94 M/kgs, showing a decrease of 1.42 M/kgs vis-à-vis 27.36 M/kgs of June 2020. High and Medium elevations have shown a decline, whilst the Low Growns recorded a marginal gain over the…

Chairman BOI Sanjaya Mohottala and Director-General BOI Pasan Wanigasekara, presenting the ‘Certificate of Registration’ to Rakna Property Holdings Board Director Major General (Retd) Jagath Alwis representing the company’s Chairman…

Cinnamon exporters are complaining that there is difficulty obtaining international recognition of Geographical Indication (GI) due to the government limiting the power of associations to certify genuine products. The current…

Sri Lankan corporates could face rating pressure should the government further restrict imports amid weakening external finances, Fitch Ratings says in a new report. Fitch expects corporates that import finished goods in sectors…

A delegation from Hambantota International Port Group (HIPG) led by Justin Zhang, General Manager - Port Investment Services, recently visited Sri Lanka’s Ambassador to China, Dr Palitha Kohona in Beijing to discuss the promotion of…