Business

BusinessHyperGlade teamTags: Print EditionSri Lankan Web3 and blockchain firm, HyperGlade, announced it has raised USD 350,000 in funding from Silicon Valley investor Tim Draper’s venture capital firm, Draper Associates, as a part of their…

BusinessTags: Print EditionCoconut Thursday, May 11, 2023 - 01:00

BusinessExchange of mementos on MS Europa 2 looked on by senior management of HIP. (Top) Cruise ships, MS Europa 2 and MS Azamara Quest docked at Hambantota International Port. (Left) Tags: Print EditionTwo cruise ships, MS Europa 2 and MS…

BusinessTags: Print EditionShares - Colombo Stock Exchange  Thursday, May 11, 2023 - 01:00

Japan and other creditors press Beijing to join as full participant:BusinessMasato KandaTags: Print EditionTOKYO -- Sri Lanka’s creditor nations held their first meeting Tuesday to discuss restructuring the country’s debt. But the largest…

BusinessTags: Print EditionFormer President of Federation of Chamber of Commerce and Industry and Sri Lanka and International Chamber of Commerce, Tissa Jayaweera passed away yesterday. Born in 1947 he was a versatile sportsman who joined…

BusinessTags: Print EditionEmirates SkyCargo has added two Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market in a current environment of volatility. The cargo division of Emirates, the world’s…

BusinessTags: Print EditionAfter consecutive gains in the last three sessions, bourse witnessed slight profit booking in selected counters while weak retail participation further dimmed market sentiment. ASPI moved with sizeable volatility…

BusinessTags: Print EditionFitch Ratings has affirmed Sri Lanka-based Sunshine Holdings PLC’s National Long-Term Rating at ‘AA+(lka)’. The outlook is stable. The affirmation and Stable Outlook reflect Fitch’s view that Sunshine’s exposure…

BusinessTags: Print EditionAIA delivered strong year-on-year growth from all their reportable segments and an overall 28% increase in value of new business (VONB) to US$ 1,046 million for the first quarter of 2023 ended 31 March 2023. Lee…