Business

BusinessTags: Print EditionFor the first time after more than one year the Sri Lankan rupee appreciated against the US dollar coming down below the Rs. 300 mark. According to the Central Bank yesterday’s buying rate was Rs.299.21 while the…

BusinessTags: Print EditionPeople’s Bank, awarded the grand prize of Rs10 million to M.A. Suranjana Perera, as part of its highly anticipated People’s Remittance Vaasi Kotiyai Bonanza; campaign. The lucky winner was selected through a draw…

When economy is stabilizing, making haphazard statements is unacceptableBusinessTags: Print EditionDebt restructuring is done in a fair and transparent manner, State Minister of Finance Shehan Semasinghe State Minister of Finance Shehan…

BusinessPort City Colombo Tags: Print EditionThe 5 year roll-out plan by Port City Colombo envisages USD 5.6 billion in FDI to Sri Lanka which will fast-track the nation’s economic recovery. It will also help in positioning both Port City…

BusinessTags: Print EditionKiddies & Toys International Pvt Ltd (KTI), a subsidiary of LIMRA Holdings, is celebrating its 20th anniversary by acknowledging the vital role that families play in its success. The entire KTI staff and their…

BusinessSharmila RuberuTags: Print Edition ‘ChupaChups’, one of the most recognized and loved brands of Perfetti Van Melle Lanka (Private) Ltd and fashion designer Sharmila Ruberu of Meraki collaborated to create an extraordinary collection…

Meetings with committee headed by Sagala Ratnayaka fruitful Remaining outstanding payments to be settled by June BusinessFizdel JabirTags: Print EditionSri Lanka can generate about USD 1 to 1.5 billion per year from export of construction…

BusinessTags: Print EditionBourse closed the day flat at 8,823, gaining only 0.3 points amidst a volatile trading session. The index was led by CARS possibly due to the delisting announcement of SHAL, SELI, GOOD, and INDO.Furthermore, most…

BusinessChairman Ajit Gunewardene and CEO Pubudu De SilvaTags: Print EditionSri Lanka’s first multinational textile manufacturer Teejay Lanka PLC has ended 2022-23 withnoteworthy revenue and gross profitgrowth demonstrating its resilience…

BusinessTags: Print EditionTea exports for the month of April 2023 totaled 16.16 M/Kgs, showing a deficit of 2.13 M/Kgs vis-à-vis 18.29 M/Kgs of April 2022. All product categories have witnessed a decline against the corresponding month of…