Business

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…

BusinessThe delegation had a bird’s eye view of the port from the 12th floor of the Hambantota Maritime Center. Tags: Print EditionA high level delegation from Japan’s Ministry of Foreign Affairs (MOFA) visited the Hambantota…

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…

BusinessT. Vinayaga Murugesan with Dr. D. VenkateshwaranTags: Print EditionFor the first time, ‘DigiRiver.in’ an e-Commerce wholesale startup for emerging brands and distributors in Sivagangai, Tamil Nadu, India will introduce Sri…

BusinessTourists arriving in Aitken Spence Travels facilitated first charter flight from Uzbekistan to Mattala Airport last year. Picture by Sulochana GamageTags: Print EditionSri Lanka Tourism says the final stages of the procurement…

BusinessTags: Print EditionThe Ministry of Finance clarifying on recent media reports states that as of yesterday only USD 40 million has been utilized for the importation of steel under the Indian Credit line and that too to be used…

Accumulated, unsustainable debt at USD 878 mnBusinessTags: Print EditionThe focus of the SriLankan Airlines Board and Management is to achieve ‘profitable operations’ and to commence paying ‘long outstanding debt’. The airline is on…