Business

BusinessTags: Print EditionMagicbits (Pvt) Ltd won the national level Startup of the Year Award at the SALSSCOM Ingenuity Awards 2022 organized by Sri Lanka Association for Software Services Companies (SLASSCOM). Magicbit…

BusinessTags: Print EditionhSenid Business Solutions (hBS) reported yet another favorable earnings result for the period ended June 30, 2022 with net profits for the quarter coming in at Rs 202.4 million, compared to a profit of Rs 7.3…

BusinessTags: Print EditionThe Exporters’ Association of Sri Lanka (EASL) welcomes the measures taken by the CBSL, as outlined in their communication of July 29, titled “Importance of Fair Play by all Stakeholders of the Economy in…

BusinessGautam AdaniTags: Print EditionAdani Data Networks said it will use the 400 MHz spectrum in the 26 GHz millimeter wave band that it bought in the 5G auctions to create a unified digital platform to digitise the Adani Group’s…

BusinessIndunil HewageTags: Print EditionSri Lanka needs to think beyond the Wikipedia and World Bank concepts of social safety nets as all past norms must be critically reviewed and revamped to meet these appalling new circumstances,…

BusinessTags: Print EditionNimesh Herath has been appointed as the new Chairman of the Urban Development Authority (UDA) by Minister of Urban Development, Prasanna Ranatunga. Herath has over 15 years of professional working experience…

BusinessTags: Print EditionEminent Lawyer and renowned President’s Counsel Ronald Chithranjan Perera has been appointed as the Chairman of Sri Lanka Insurance Corporation, (SLIC) the largest and the strongest insurer, with effect from…

BusinessTags: Print EditionThe Swiss National Bank reports a loss of CHF 95.2 billion (US$100 billion) for the first half of 2022 mainly owing to losses on foreign currency positions. While the foreign currency positions lost CHF97.4…

BusinessTags: Print EditionSavitri Jindal of India, who has a fortune of $11.3 billion thanks to her conglomerate Jindal Group, which is active in fields such as metals and power generation, surpassed Yang in the Bloomberg Billionaires…

BusinessChairman SLPA, Dr. JayamannaTags: Print EditionThe constructions of the East Container Terminal (ECT) at the Colombo Port are being carried out successfully despite the current economic crunch, said Chairman of Sri Lanka Ports…