Business

BusinessTags: Print EditionThe Asian Development Bank (ADB) has approved a ceiling of up to $18 billion in policy-based lending (PBL) between 2022 and 2024 and enhanced its crisis-response instruments to support its developing member…

BusinessIndunil HewageTags: Print EditionSri Lanka is likely to face an acute shortage of housing and luxury apartment units by next year and the future of the construction industry looks bleak, Nalin Herath, Chairman and Managing…

Forwards 10-point action plan to overcome current crisis:BusinessShirajiv SirimaneTags: Print EditionPanelist: S.M.D. Suriyakumara, Chairman, Lanka Confectionery Manufacturers Association, N.K. Jayawardana, Chairman, All Ceylon Bakery…

BusinessTags: Print EditionFindings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting challenges posed by increasing local and global…

BusinessTags: Print EditionStipulating that only four months have passed since the programme to invite semiconductor manufacturers to set up base in India was launched, Minister of Electronics & Information Technology Ashwini…

BusinessThe newly appointed Executive Committee with the President Shiranthi TheverapperumaTags: Print EditionThe Postgraduate Institute of Management Alumni Association (PIMA), the vibrant professionals’ association of the…

BusinessTags: Print EditionFor the first time Thai Smile Airways, a subsidiary of Thai Airways will launch direct flights between Colombo (BIA) and to Suvarnabhumi Airport Bangkok commencing today (5) The airline is looking at a daily…

BusinessTags: Print EditionThe official selling rate of the US Dollar as announced by the Central Bank yesterday stood at Rs.362.9987 whilst the buying rate of the US Dollar had been declared at Rs. 350.0597. The selling rate of…

BusinessTags: Print EditionHeadline inflation, as measured by the year on year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) 1 increased to 29.8% in April 2022 from 18.7% in March 2022. This increase in YoY…

HNB General Insurance GWP grows by 24% in 1Q22:BusinessCEO HNBA Lasitha Wimalaratne-CEO HNBGI Sithumina JayasundaraTags: Print EditionHNB Assurance PLC Group delivered a robust performance during 1Q22, recording a Profit After Tax…