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Manufacturing PMI increased further in July 2021 recording an index value of 57.8 with an increase of 7.4 index points compared to June 2021. This was mainly attributable to the increases observed in new orders, production, employment,…
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Indian biotechnology company Bharat Biotech has repurposed its Chiron Behring manufacturing plant in Ankleshwar, Gujarat, to scale up production of its anti-Covid vaccine, Covaxin, said people familiar with the development. The…
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House prices have fallen for the first time this year, according to property website Rightmove. It said the average price of property coming to market in August fell 0.3%, a drop of £1,076, to £337,371. That was prompted by the…
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The Professionals National Front (PNF) alleged that any reform laws governing the Urban Development Authority (UDA) may be part of the Millennium Challenge Corporation (MCC) agenda for land reform in Sri Lanka. They noted that the…
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Softlogic Holdings PLC delivered a robust business performance in 1QFY22 achieving a consolidated top line of Rs. 24.5 billion, up 73% (1QFY21 - Rs. 14.2 billion). The quarterly operating profit was Rs. 2.3 billion (operating loss of…
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Both Global and Sri Lankan investors and the business community need a clear and long term debt repayment plan spelt out by the government, Ceylon Chamber of Commerce Chairman Vish Govindasamy said. At a special virtual press…
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New Zealand’s Prime Minister Jacinda Ardern has announced a nationwide lockdown after the country confirmed one coronavirus case -- the first locally transmitted Covid-19 case in the community since February. Ardern told a press…
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In the state of Maharashtra, one of the first places struck by India’s devastating second wave of Covid-19 earlier this year, scientists are anxiously looking for signs of a third. New laboratories in the financial capital,…
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It was a case of sixth time lucky for Hakainde Hichilema, who has finally become president of Zambia after five unsuccessful attempts. Mr Hichilema defeated his main rival, the outgoing President Edgar Lungu, by more than a…
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The world was shocked this week by horrifying scenes of desperate Afghans swarming the tarmac at Kabul’s international airport, grasping at their last chance to escape a country now completely overrun by the Taliban. After nearly…
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