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INSEE Cement Galle facility begins production of Portland Composite Cement

BusinessTags: Print EditionINSEE Cement has extended production of its Portland Composite Cement to its Ruhunu Cement Plant, increasing production of the newSLS 1697 product to meet the growing demand of the local market. Portland…

Stax invests in ‘Next Generation of Business Leaders’

BusinessTags: Print EditionStax, the global management consultancy with a strong presence in Sri Lanka announced the launch of ‘Stax Academy’, the firm’s learning platform for up-skilling future business leaders to take-on the…

Nations Trust Bank partners MMCA

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…

Trade deficit declines for 5th consecutive month to USD 404 mn

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…

Business sector, chambers call for non violence, stable Govt.

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…

Musk ditches $44-bn Twitter takeover

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…

IMF approves US$ 638 mn for Benin

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…

SLAITO ensures safety of tourists

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…

Finance Ministry extends amnesty on ‘Possession of Foreign Currency’

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…