Business

Makes private placement of 168 mn new voting shares Business Tags: Print Edition Sri Lanka’s Tess Agro Plc, a food processing and export company, said IPEK SA, which is a diversified group of companies involved in…

BusinessChairman CSE, Viraj DayaratneTags: Print EditionThe Colombo Stock Exchange (CSE) recorded unprecedented highs in both indices and market performance in 2021 which can be considered as one of the best years for the capital…

BusinessTags: Print EditionPetrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan and Sri Lanka, a BOB Economics Research report showed.…

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…

BusinessPresident Gotabaya RajapaksaTags: Print EditionPresident Gotabaya Rajapaksa said that the Government will extend its full support to carry out the Central Bank and the Monetary Board functions independently sans any political…

BusinessPresident M. B. Jayarathna Tags: Print EditionASMET, the Association for Small and Medium Enterprises in Tourism congratulates Harin Fernando on his appointment as the Minister of Tourism and expressed their good wishes for…

Grand Ward Place handover by year endBusinessTags: Print EditionPrime Lands Residencies PLC (PLR) has posted a record profit before tax of LKR 1,848 million for FY 2021/22 while maintaining a profit after tax of LKR 1,682 million. The…

BusinessSome of the participants at the event.Tags: Print EditionColombo Dockyard PLC (CDPLC) launched “Misje Vita”, a 5000DWT EcoBulk Carrier being built for Misje Eco Bulk AS, Norway (Misje). This is the first Vessel of a series and…

BusinessTags: Print EditionThe Bourse ended the week on a mixed note this week with ASPI increasing by 49.94 points (or 0.60%) to close at 8,315.55 points, while the S&P SL20 Index decreased by 17.87 points (or 0.65%) to close at…