Business

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…

BusinessR. R. M. LilaniTags: Print EditionThe ‘disappearance’ of Hambantota Port deal accounts discovered by is cause for concern, especially given that the new Minister of Investment Promotion, Dhammika Perera, is to oversee many…

BusinessTags: Print EditionEveryone who works in the business organisations would like to see greener pastures in their lives. However most of the times it is not realised due to the fact that they do not initiate with their plans.…

BusinessTags: Print EditionDr. Parakrama Dissanayaka, Deputy Chairman and Managing Director, Aitken Spence PLC and Kapila Jayawardena, Group Managing Director/Chief Executive Officer LOLC Group exchanging legal agreements with (from…

BusinessTags: Print EditionNational tea sales average for the month of June 2022 recorded Rs. 1,245.22 (USD 3.49), showing a decline of Rs. 79.73 month on month when compared to Rs. 1,324.95 of May 2022. In comparison to the June 2021…

Industry hopeful of achieving US$ 6 bn targetBusinessTags: Print EditionThe Joint Apparel Association Forum (JAAF) says that apparel export earnings expanded by 30% Year-on-Year (YoY) up to US$ 446 million in May 2022. While the sector…

BusinessShirajiv SirimaneGovernor Dr. Nandalal Weerasinghe and Deputy Governor M. J. Y. P Fernando Picture by Shirajiv Sirimane Tags: Print EditionThe Central Bank will not force the banking system to extend the travel sector…