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Market turns green

BusinessTags: Print EditionColombo market turned green yesterday after three-session fall with the participation of mainly foreign and local investors. Thus, All-Share Price Index increased by 12.1 points (+0.1%) to close at 9,913.2…

Inflation to cool off beyond August 2022- First Capital

BusinessTags: Print EditionFirst Capital expects inflation to cool off beyond August 2022 and a steep dip in inflation is expected in 2Q2023 amidst the higher base effect on inflation. The expectation of a strong recovery in earnings…

Raigam Wayamba Salterns Group turnover tops 1 bn

BusinessKavisha Theodore, Brand Leader of “Nenaposha”, presenting a pack to Prof. Sampath Amaratunge. Chairman, Raigam Group, Dr. Ravi Liyanage and officials at the launch. Picture by Wimal Karunatillike Tags: Print EditionRaigam…

Gautam Adani, Mukesh Ambani account for 59% of India’s top 10 billionaires’ wealth

BusinessMukesh Ambani and Gautam Adani, India’s top two richest peopleTags: Print EditionGujarat-based billionaire Gautam Adani added INR 5 lakh crore to his wealth last year to become India’s richest man as per IIFL Wealth Hurun India…

“Last chance for reforms and moving economy to new dimension”

BusinessShirajiv SirimaneTags: Print EditionThis is the last chance Sri Lanka has been given by the International Monetary Fund (IMF) and donor community to implement reforms and take the country’s economy to a new dimension, Central…

Ban on cosmetic products affects over 300,000-CCI

BusinessTags: Print EditionThe Chamber of Cosmetics Industry(CCI) states that the import ban on cosmetic products has created a major negative impact to saloons, beauty parlors and most importantly for over 300,000 who are employed in…

Domestic food price inflation to remain high – WB

BusinessTags: Print EditionThe World Bank latest Food security updates says that domestic food price inflation remains high around the world. Information between May to August 2022 shows high inflation in almost all low-income and…

FITIS applauds govt for lifting suspension

Import of computer/IT hardware products:BusinessDr. Prasad Samarasinghe, Chairman FITIS-Gnanam Sellathurrai, President HW Chapter FITISTags: Print EditionThe Federation of Information Technology Industry Sri Lanka (FITIS) applauds the…

Biscuit companies reduce prices

BusinessTags: Print EditionSri Lankan biscuit companies reduced their prices mainly as CSR initiatives since they saw that people’s nutritional levels were dropping and due to peoples buying power reducing Director Cherish Biscuits…