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Bourse dips further

BusinessTags: Print EditionColombo bourse continued its dull sentiment yesterday slipping throughout the session amidst trading on thin volumes. Thus, All-Share Price Index down by 52.9 points (-0.6%) to close at 8,508.9 for the day whilst…

Teejay Lanka post 6-month revenue of Rs. 48.6 Bn

BusinessChairman Ajit Gunewardene and CEO Pubudu De SilvaTags: Print EditionA doubling of synthetic fabric volumes, higher selling prices and the impacts of the depreciation of the Rupee have generated strong growth for Teejay Lanka PLC,…

Swiss International Airlines resumes Colombo services from Nov. 10

BusinessMinister Harin Fernando with representatives of Swiss International AirlinesTags: Print EditionSwiss International Airlines will resume their services to Colombo from November 10. The airline will operate a twice weekly winter…

‘Govt should not use tax money to bail out public sector’

BusinessAnanda KannangaraTags: Print EditionThe government should not transfer ‘tax’ money from the well-managed corporate sector to bail out the ailing public sector and this may result in both sectors to collapse. Instead the government…

LIOC records Rs. 88 Bn highest quarterly revenue

BusinessTags: Print EditionLanka Indian Oil Company (LIOC) recorded the highest quarterly revenue of Rs 88 billion aided by Fuel and Bunkering segments LIOC continued to deliver robust performance for 2QFY23 where the earnings reported a…

Ease of export procedures will ensure gem industry revive – Ajward Deen

BusinessTags: Print EditionThe ease of export procedures and relaxed regulations on gem exports will ensure the industry revives its status as one of the largest revenue sources for the local economy, Sri Lanka Gem and Jewellery…

Colombo Dockyard launches Cable Laying and Repair Vessel for Orange Marine, France

BusinessTags: Print EditionDockyard PLC (CDPLC), the leader of Shipbuilding Industry in Sri Lanka and one of the most competitive Shipyards in South Asia, successfully launched a Cable Laying and Repair Vessel (C/S Sophie Germain) to Orange…

Work to avoid another economic crisis in SL – Minister Semasinghe

BusinessMinister Shehan SemasingheTags: Print EditionState Minister of Finance Shehan Semasinghe said that Sri Lanka is among the countries that have the lowest revenue against the GDP, instead other countries at Sri Lanka’s level are able…

India, smaller nations talk trade via Rupee accounts

BusinessTags: Print EditionIndia is in talks with about a dozen smaller countries as the government seeks to expand bilateral trades through bespoke rupee accounts and internationalise indigenous payment modes. The object is to bypass the…