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Sri Lanka should have gone to IMF sooner – CBSL Governor

Country needs US$ 5 bn for essential goods12 more developing countries at risk of default soonBusinessDr. Nandalal Weerasinghe. Picture by Sulochana GamageTags: Print EditionSri Lanka could have avoided its current economic turmoil if…

Leading French travel agents arrive to experience Sri Lankan hospitality

BusinessTags: Print EditionSeven leading French travel agents arrived in Sri Lanka on June 1 for an eight-night, nine-day tour of Sri Lanka to experience all that Sri Lanka has to offer. During their stay they will be visiting tourism…

Outrage over improper fuel distribution

BusinessTags: Print EditionThe public are up in arms against some petrol bowers illegally distributing fuel to people in isolated areas. In some instances private vehicles were seen unloading several large cans. The Lanka IOC (LIOC) in…

Korean SPA Packaging signs with BOI to resume Embilipitiya Paper Mill

BusinessBOI Chairman Edirisuriya and Director General Renuka M. Weerakone at the signing the agreement along with KSPA Directors Saveen Abeyratne and Sonali AbeyratneTags: Print EditionKorean SPA Packaging (Pvt.) Ltd. (KSPA), recently…

Two ship to cranes arrive at HIP for bulk cargo operations

BusinessTags: Print EditionTwo brand new Chinese manufactured cranes will be fitted at berth number 6 of Hambantota International Port (HIP). The shore cranes, shipped by barge from the Port of Zhenjiang in China to HIP, came…

IMF team here to discuss assistance programme

BusinessTags: Print Edition“The International Monetary Fund (IMF) team is visiting Colombo during June 20-30 to continue discussions on an economic programme that could be supported by an IMF lending arrangement, building on the…

Digital signatures enabled through Electronics Transaction Act

BusinessJayantha FernandoTags: Print EditionDigital signatures have been enabled by the Electronics Transaction Act of 2017 (ETA), are in wide usage in key operations by the government, and the legal framework allows private entities…

Abans’ LG refrigerators raises bar on innovation

BusinessTags: Print EditionEnergy efficiency has become one of those key purchasing factors in relation to home appliances, especially with power cuts and Abans’ line-up of LG appliances uses cutting-edge technology ensuring market…

Russel’s Tea opens pastry shop

BusinessTags: Print EditionThe premier tea service provider to corporate, officers and events in Colombo Russel’s Tea opened its new pastry shop recently at Punchi Borella Junction. The pastry shop opened daily from 6 a.m. to 6 p.m. is…