Business

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…

BusinessTags: Print EditionThe Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its standing as the National Body of Accountants, in a statement said that they welcome the announcement of President Gotabaya Rajapaksa…

BusinessTags: Print EditionFor the first time in nearly two decades, the exchange rate between the euro and the dollar is roughly the same. The unusual event is a boon to U.S. tourists in Europe, but not so good for Europeans visiting…

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…

BusinessTags: Print EditionUkraine’s gross domestic product (GDP) will shrink at least 35 percent this year due to the conflict with Russia, the Interfax-Ukraine news agency reported on Tuesday, citing Ukrainian Prime Minister Denys…