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USD climbs further

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…

Food inflation up to 46.6% in April

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…

Luminex Limited announces upcoming IPO

BusinessChairman Harsha De Silva and Managing Director Ruwan FernandoTags: Print EditionLuminex Limited has announced its plans for an LKR 250 million Initial Public Offering (IPO) of 31,250,000 ordinary shares at LKR. 8/- per share…

HCL profitability rises 226%

BusinessTags: Print EditionIndian based HCL Technologies, a leading global technology company, which also operates in Sri Lanka said its consolidated net profits for the quarter ending March stood at Rs 3,593 crore, up 226% from Rs…