Business

BusinessTags: Print EditionLankalia (Pvt) Ltd, a newly formed, BOI approved company, has acquired 85% stake of Oga Reach Yodakandiya, Tissamaharama. This with a capital infusion of Rs. 185 million. Chairman, Lankalia, Dhakshitha Bogollagama…

BusinessTags: Print EditionPeople’s Bank recently announced that it had facilitated over 8 million transactions worth over 7.6 trillion rupees during this year’s Sinhala and Tamil New Year festival period from April 1 to 15, through its…

BusinessTags: Print EditionWith its extensive network of sellers and buyers, and its expertise in logistics and supply chain management, Daraz Sri Lanka is to promote cross-border trade and investment, and support the growth of small and…

BusinessTags: Print EditionSri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to ‘The IMF Tracker’, a new online tool…

BusinessTags: Print EditionBOI has placed emphasis on digitalization and has introduced a series of novel techniques to digitally promote FDI to Sri Lanka. This will also help to better Sri Lanka’s ‘Ease of Doing Business’ ranking as…

BusinessLuxury BMWs waiting in the RORO yard for transshipment.Tags: Print EditionThe Hambantota International Port (HIP) handled over 900 units of the latest BMWs transshipped from the Port of Koper - Slovenia to the Port of Pyeongtaek in…

Taking account of past lessons and mistakes:BusinessState Minister of Finance Shehan Semasinghe at the event in USATags: Print EditionBy properly recognizing past mistakes and lessons learnt, Sri Lanka is now committed to carrying out…

BusinessTags: Print EditionNational Development Bank PLC emerged as the most awarded corporate in Sri Lanka for 2022 as per annual rankings issued by the Sri Lankan business publication the LMD. This marks the second consecutive year that…

BusinessTags: Print EditionAsia’s economic growth will outpace both the U.S. and Europe this year, led by strong domestic demand, according to Morgan Stanley. “The big argument that we’ve been making for Asia, including Japan, to outperform…

BusinessTags: Print EditionNew Delhi: With the cabinet giving the go-ahead to amend the country’s civil aviation law, Sri Lanka may allow the participation of private companies in ground handling at their airports. The law will allow…