Business

BusinessTags: Print EditionAbans promotes ‘Sri Lankan made’ through its robust retail platform with the aim of keeping the micro and small-medium scale industry (MSME’s) going during this time of trial and uncertainty. The established…

BusinessTags: Print EditionCalcey Technologies has been recognised as one of the 10 Best IT/ITeS Workplaces in the country by Great Place to Work Sri Lanka. The award is based on extensive ratings provided by a company’s employees in…

Makes private placement of 168 mn new voting sharesBusinessTags: Print EditionSri Lanka’s Tess Agro Plc, a food processing and export company, said IPEK SA, which is a diversified group of companies involved in oil trading, engineering…

BusinessSTF Corporate Advisory MD Sanjana T. FernandoTags: Print EditionSTF Corporate Advisory has successfully managed to source and secures a US$ 15-Million-dollar loan from Washington based United States International Development…

BusinessTags: Print EditionSDB bank recently entered into a joint initiative together with the Asian Development Bank (ADB), to provide a line of credit (LoC) to selected small and medium-sized enterprises (SMEs) in Sri Lanka,…

If urgent issues in agro sector not addressedBusinessShirajiv SirimaneOPA officials at the news briefing. Picture by Sudath Malawera.Tags: Print EditionSri Lanka will face a major food crisis next October if urgent issues in the Agri…

BusinessTags: Print EditionMorison Ltd., one of the pioneers of pharmaceutical manufacturing in Sri Lanka since 1959, announced the commencement of commercial production at its state-of-the-art WHO GMP and EU GMP compliant production…

BusinessTags: Print EditionThe diversified blue-chip Aitken Spence PLC reported a profit before tax of Rs. 14.2 billion for the twelve months ended March 31, 2022, compared to the loss reported before tax of Rs. 2.8 billion last year.…

Maintains industry’s highest CAR of 15.7%BusinessTags: Print EditionPeople’s Bank announced the results for the quarter ended March 31, 2022, with consolidated total operating income growing by 51.9% to reach LKR 42.6 billion, whilst…

BusinessCBSL Governor Nandalal WeerasingheTags: Print EditionSri Lanka should urgently move away from an import-dependent economy to an export-oriented setup, said CBSL Governor Dr. Nandalal Weerasinghe. He was addressing a meeting…