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Swiss National Bank posts record US$ 100 bn loss

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…

India’s Savitri Jindal is, Asia’s Richest Woman

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…

ECT construction carried out despite current economic crunch

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…

Leisure sector upbeat over soft liquor license initiative

BusinessTags: Print EditionThe Leisure sector hailed the decision by the government to allow soft liquor (wine and beer) to be offered in their institutions in tourism zones sans any complicated and expensive licensing. President of…

Economic crisis: ‘Light at end of tunnel far from visible’

BusinessCA Sri Lanka President Sanjaya Bandara launching the website of the 43rd National Conference in the presence of Heshana Kuruppu, Anoji de Silva, Anura Perera, Priyoshini Fernando, and Dulani FernandoTags: Print EditionSri Lanka…

Ceylon Tea, official Tea supplier for Commonwealth Games

BusinessTags: Print EditionCeylon Tea, widely considered by many the finest in the world and with a rich history dating back more than a century and a half, was named as the ‘Official Tea Supplier’ for the Birmingham 2022 Commonwealth…

Earnings from tea up in 1H-2022 despite dip in production

BusinessTags: Print EditionSri Lanka tea earnings for January to June 2022 posted a growth of 28.0% YoY to Rs 164.2 million against Rs 127.8 million recorded for the same corresponding period in 2021. Export earnings were largely…

Port City Colombo attends World Cities Summit

BusinessTags: Print EditionCHEC Port City Colombo Pvt Ltd, is representing Sri Lanka at the ongoing ‘World Cities Summit 2022’ at the Marina Bay Sands, Singapore which concludes on August 3. This biennial global event unites city…

Merchandise export earnings up by 20%

BusinessMonthly Merchandize Export Performance, 2020 - June 2022 in millions of US$Tags: Print EditionEarnings from the merchandise exports increased by 20% y-o-y to US$ 1,208.2 million in June 2022 mainly due to the increase in…