Business

100s of 1,000s jobs lost / 5,000 contractors in troubleBank collapse from non-payments of contractorsBusinessTags: Print EditionThe Ceylon Institute of Builders (CIOB) urges the government to appoint a commission inclusive of…

BusinessTags: Print EditionPathfinder has come up with several reports to provide insights and recommendations for the government on economic reforms that have been fed into the organization’s groundbreaking Artificial Intelligence…

BusinessTags: Print EditionLocal DocuSign integrator Bridge Advisory and Consulting (BAC) claim that they will be launching Sri Lanka’s first regulated crypto exchange within the Port City in the coming 3-month period. They claimed to…

Bangladesh plant completed, plans to develop in AfricaBusinessTags: Print EditionJAT Holdings PLC, has posted its best ever financial year on record, doubling its Profit After Tax (PAT) during FY2021/22. Demonstrating resilient…

BusinessTags: Print EditionSDB bank has posted a resilient first quarter of the year, delivering a strong start to the financial year 2022 recording a profit of Rs 181 million for Q1, ending March 31, 2022. The Quarter also witnessed…

BusinessSouvenirs given to the two visiting ministers, Nimal Siripala De Silva and Mahinda Amaraweera to mark the occasion.Tags: Print EditionMinister of Ports, Shipping and Aviation, Nimal Siripala De Silva visited the Hambantota…

BusinessSunil WijesingheTags: Print EditionThe volatile political situation is a challenge over which the private sector has very little control over and while the commercial real estate sector in Sri Lanka has the potential to become…

India emerges giant in Indian Ocean regionBusinessTags: Print EditionIn response to an urgent request from Sri Lanka, the Government of India (GOI) has decided to extend a Line of Credit (LOC) of US$ 55 million to Sri Lanka for…

Bracing for 20% reduction in orders, export earnings to take a hitBusinessTags: Print EditionAmid rising apprehension of a global economic recession and resulting softening of international consumer demand, Sri Lanka’s Joint Apparel…

BusinessTags: Print EditionSri Lanka’s official food inflation stood at 57.4% in May, the highest ever year-on-year food prices ever recorded since 2004. Advocata Institute’s Bath Curry Indicator (BCI), which tracks changes in the…