Business

BusinessTags: Print EditionDialog Axiata PLC, Sri Lanka’s premier connectivity provider, has announced plans to shut down its 3G data network in 2023 to free up spectrum and increase the capacity of its 4G Broadband network. This decision…

BusinessTags: Print EditionBourse closed in red for the 6th straight day as investor sentiment was hampered following speculations on local debt restructuring coupled with the delay in achieving the IMF board-level agreement. Index…

BusinessTags: Print EditionThe Planters’ Association of Ceylon (PA) in response to comments made by Minister of Plantations, Dr. Ramesh Pathirana, published on Daily News under the headlines “RPCs have not looked at welfare of estate…

BusinessTags: Print EditionSoftlogic Finance PLC, a subsidiary of Softlogic Capital PLC, announced its recently concluded Rs 850mn Rights Issue which saw keen demand,and was successfully oversubscribed and fully allotted. The funds raised…

BusinessTags: Print EditionAitken Spence Travels will spirit-up cruise tourism with the arrival of “Silver Spirit,” a luxury cruise ship calling over to the port of Colombo on December 23, 2022 at 1 pm. The cruise passengers will be…

BusinessAmbassador for Switzerland in Sri Lanka Dominik Furgler and Chairman, EDB Suresh de Mel exchange the MoUTags: Print EditionThe Sri Lanka Export Development Board (EDB) signed a memorandum of understanding with the Swiss Import…

BusinessTags: Print EditionSri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund (IMF), according to Sri Lanka’s Central Bank Governor P.…

BusinessTags: Print EditionPresident Ranil Wickremesinghe participated in the Port City Christmas Carols  on Wednesday at the marina. Several ministers, diplomats, clergy and schoolchildren participated. The event was jointly organized by…

BusinessPlug-and-play, park-in-park facility by Xinji Shenzhen Group getting ready to end the first phase by end December and the fast developing INSEE warehouse structure (bottom)Tags: Print EditionA number of projects in the Hambantota…

BusinessTags: Print EditionOn the directions of President Ranil Wickremesinghe, the Government decides to reorganize the existing conventional institutional set-up and newly establish the International Trade Office (ITO) to interconnect all…