Business

BusinessTags: Print EditionSri Lanka is at a very dangerous juncture and Sri Lanka’s usable reserves have dropped to levels of about USD 150 million. Acute shortages of essentials ranging from fuel to medicine have become prevalent.…

BusinessEvan Lau and Darshin PathinayakeTags: Print EditionSampath Bank PLC announced that its connection to UnionPay International (UPI) is now complete and that the Sampath Bank Payment Gateway powered by UnionPay 3DS 2.0 is open for…

BusinessSome tourists in Colombo. Picture by Sulochana GamageTags: Print EditionTourist arrivals to date have exceeded 329,000 from January to April 8 this year according to the Tourism Development Authority. (SLTDA) In the first 18…

BusinessTags: Print EditionSDB bank has achieved outstanding financial results during 2021, amidst an unprecedentedly challenging economic environment. Total profits for the year ended December 31, 2021 stood at Rs 909 million,…

BusinessTags: Print EditionSriLankan Airlines records its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on March 31, 2022 with a group net profit of USD 1.7 million despite pandemic challenges. The…

BusinessTags: Print EditionThe Sri Lankan delegation to the IMF headed by Finance Minister Ali Sabry, Governor of the Central Bank Dr. Nandalal Weerasinghe and Secretary to the Ministry of Finance Mahinda Siriwardena meet Indian…

BusinessTags: Print EditionCoconut Wednesday, April 20, 2022 - 01:00

BusinessTags: Print EditionThe ASPI declined by 3.89% this week. The S&P declined by 5.33% this week. The net foreign outflows for the week stood at LKR 207 Mn. Sri Lanka stock market slightly gained on Monday under the newly…

BusinessTags: Print EditionThe Sri Lanka Institute of Information Technology (SLIIT) has recently announced the continuation of the course on Financial Mathematics and Applied Statistics. This will be the first degree conducted by the…

BusinessTags: Print EditionFollowing the seasonal pattern both manufacturing and services had increases in Purchasing Managers Index (PMI). The manufacturing PMI increased on a month-on-month basis to an index value of 57.8,yet at a…