Business

Economic stabilisation in Sri Lanka BusinessU.S. Treasury Department’s Deputy Assistant Secretary for Asia Robert Kaproth, State Minister Shehan Semasinghe, Finance Ministry Secretary, Mahinda Siriwardena and officials at the event. Tags: …

BusinessTags: Print EditionAt the invitation of the International Monetary Fund (IMF) The Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic developments in Sri Lanka, and their impact on the…

BusinessTags: Print EditionSriLankan Airlines is in the process of restructuring its fleet and the ailing airline is set to lose close to a quarter of its fleet to retirements and lease expirations in the next two years. Among these are…

BusinessTags: Print EditionStriking a perfect balance between cutting-edge technology and a highly trained workforce the Wellawatte Service Centre also provides the ‘Quick Service’ option where adept technicians attend to repairs over the…

BusinessAmana Bank Managing Director and CEO Mohamed Azmeer and Chairman Asgi Akbarally along with IsDB Group Act. Director General Amer Bukvi.Tags: Print EditionAmãna Bank recently participated in the much acclaimed 48th IsDB Annual…

BusinessTags: Print EditionJohn Keells Holdings (JKH) expects the tourist arrival numbers to hit normal by December of this year. Booking data and growing momentum in interest suggests that the company and the broader industry would hit…

BusinessTags: Print EditionThe International Monetary Fund (IMF) has rejected Pakistan’s request to reduce the requirement of securing $6 billion in additional loans, leaving the government with no choice but to salvage the agreement,…

BusinessAjay Banga Tags: Print EditionAjay Banga, an Indian-born finance and development expert, began his five-year term as World Bank Group President on June 2, 2023. Banga most recently served as Vice Chairman at General Atlantic.…

BusinessTags: Print EditionDuring the year up to June 2, 2023, the Sri Lankan rupee appreciated against the US dollar by 24.2%. In addition, the Rupee also appreciated very strongly against the British Pound. The Pound was sold at Rs.…

BusinessTags: Print EditionSanasa General Insurance Company (SGIC), marked a milestone in its history by achieving record growth of 53% in the first quarter of 2023, thereby becoming the local insurance company with the highest growth rate.…