Business

BusinessTags: Print EditionThe Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) has announced a new working relationship with Nations Trust Bank (NTB), who will be supporting the museum as a major benefactor for a…

Merchendise exports increase substantially in MayBusinessTags: Print EditionThe import expenditure declined, while earnings from exports increased in May 2022, year-on-year, extending the contraction in the trade deficit for the third…

BusinessTags: Print EditionColombo bourse recoups +200 points yesterday due to the positive sentiments with a hope of a new government. President and Prime Minister are supposed to step down and several members of the cabinet have…

BusinessTags: Print EditionThe ongoing turmoil and fuel shortage in Sri Lanka have boosted aviation turbine fuel (ATF) sales in South Indian airports like Thiruvananthapuram, Cochin and Chennai. Several flights of SriLankan Airlines,…

BusinessChandula Abeywickrema and Nalin Wijekoon Tags: Print EditionPeople’s Merchant Finance PLC (PMF) reported Rs. 201 million as Profit Before Taxes (PBT) for the year ended March 31, a year when Sri Lanka’s economy has hit crisis…

JAAF calls for amendment to the Constitution, abolishing of Executive PresidencyBusinessTags: Print EditionThe Sri Lankan business sector and leading chambers called for the public to remain calm while engaging in peaceful protests to…

BusinessTags: Print EditionElon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44-billion deal to buy Twitter because the social media company had breached multiple…

BusinessTags: Print EditionWashington, DC: On July 8, 2022, the Executive Board of the International Monetary Fund has approved 42-month arrangements under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) for…

BusinessTags: Print EditionDespite the political unrest and economic downturn Sri Lanka Association of Inbound Tour Operators (SLAITO) ensures that the country remains peaceful and all tourists that are in the country. The present…

BusinessTags: Print EditionThe Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 extending the amnesty period granted for persons in or resident in Sri Lanka to deposit or sell the…