Business

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…

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…