Business

BusinessTags: Print EditionThe Asian Development Bank (ADB) has approved a $500 million policy-based loan to support reforms to state-owned enterprises (SOEs) in Indonesia. The loan will cover the first subprogram under the State-Owned…

BusinessTags: Print EditionLAUGFS Lubricants, a fully owned subsidiary of LAUGFS Holdings recently ventured into international markets, expanding its presence to markets in Bangladesh and set up a joint venture towards the manufacture of…

BusinessTags: Print EditionBlue Ocean Group said it acquired a 60% stake in Kelsey Development PLC for Rs. 257 million. The stake amounting to 10.457 million shares was done at Rs. 24.60. The sellers were Schaffter brothers Praksah and…

BusinessTags: Print EditionAitken Spence Travels, the leading destination management company (DMC) that handles the highest cruise calls for shore excursion to Sri Lanka will commence the first luxury passenger cruise ship ‘Viking Mars’ USA…

BusinessPresident Ranil Wickremesinghe and Martin Raiser Tags: Print EditionThe upcoming Sri Lanka Economic Summit 2022, (SLES 2022) one of the most anticipated annual economic event in Sri Lanka, will be inaugurated by the Chief Guest,…

SEC to allow local companies to raise capital in foreign currencies:Lanka’s financial literacy low at 58%:BusinessTags: Print EditionCSE CEO Rajeeva Bandaranaike, SEC Director General Chinthaka Mendis, CSE Chairman Dilshan Wirasekera, CBSL…

BusinessTags: Print EditionThe Pest Managers Association of Sri Lanka (PMASL) and the Federation of Asia Oceania Pest Management Associations (FAOPMA) carried out a dengue control programme in collaboration with the Colombo Municipal…

BusinessAnanda KannangaraTags: Print EditionLeading milk powder importer and TradLanka Agricultural Enterprises Chairman Ariyasiri Withanage said the Government should encourage local farmers to develop the country’s dairy industry so that…

BusinessTags: Print EditionAmana Bank has successfully continued its growth trajectory to record a Profit Before Tax of LKR 940.0 million for the nine months ending September 30, 2022, showcasing its resilient performance amidst a…

BusinessTags: Print EditionDespite numerous macroeconomic challenges, the E. B. Creasy Group, once again, was resilient and posted a record performance in the first half of the current financial year, driven by outstanding results in its…