Index shoots up following relaxation of policy rates
BusinessTags: Print EditionIndex surged up during the day, gaining 136 points on the back of the relaxation of monetary policy rates by 250 bps, which surpassed investors’ expectations.
The entire broader market was up today with shares…
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Hela Apparel Holdings Q4 revenue up 40.6% YoY
BusinessTags: Print EditionThe fourth quarter of FY 2022/23 marked the close of a challenging year for Hela Apparel Holdings PLC. While revenue of Rs. 20.5 billion in Q4 represented a 40.6% increase in the same period of the previous year,…
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Visiting IMF representatives tour Port City and Port terminals
BusinessThe delegation at South Asia Gateway TerminalTags: Print Edition The delegation of the International Monetary Fund currently engaged in an official tour in Sri Lanka visited the Port City Colombo and South Asia Gateway Terminal and…
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EDB emphasizes importance of strategy for nautical tourism industry
BusinessTags: Print EditionThe Export Development Board (EDB) Boat and Ship Building Advisory Committee has emphasized the importance of developing a strategy for the nautical tourism industry in Sri Lanka as the country has a massive…
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Merchandise trade account narrows to USD 583 Mn
BusinessTags: Print EditionThe deficit in the merchandise trade account narrowed to US dollars 583 million in April 2023, from US dollars 728 million recorded in April 2022 due to a larger decline in imports, compared to the decline in…
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NSB Integrated Annual Report presented to President
BusinessTags: Print Edition National Savings Bank, presented its Integrated Annual Report reflecting its performance within the framework of the economy and its relationship to the social and environmental facets.
The Annual Report of…
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“Inflation to be single digit by end of July”
BusinessShirajiv SirimaneTags: Print EditionThe current declining inflation trend will continue and the inflation rate will come to single digit by the end of July 2023, Governor Central Bank Dr. Nandalal Weerasinghe said yesterday. The…
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‘Daraz 1st Day Sale’offers more savings for products
BusinessTags: Print EditionOne of Sri Lanka’s leading e-commerce platform Daraz announced the Daraz 1st Day Sale, a monthly event that happens on the first day of every month, featuring an array of products, from the latest in fashion, to…
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Crepe Runner opens four new outlets
BusinessFounder and CEO of Crepe Runner Abdus Salaam opens the new branchesTags: Print EditionApril has been proved to be a month of sheer crepe-tactic brilliance for Crepe Runner as they triumphantly launched four new outlets.
In a…
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