Dumith Fernando appointed chairman of CSE
The Colombo Stock Exchange (CSE) has appointed Dumith Fernando as its new chairperson, CSE said. Reportedly, Fernando’s appointment to the position has been approved unanimously.…
Posts published in “Business”
Coca-Cola suspends social media advertising despite Facebook changes
Coca-Cola will suspend advertising on social media globally for at least 30 days, as pressure builds on platforms to crack down on hate speech. “There…
Kasturi Wilson becomes first female Group CEO of a Sri Lankan conglomerate
Hemas Holdings PLC announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October 2020, succeeding Steven Enderby. As part of…
Twitter permanently suspends account of controversial British columnist Katie Hopkins
Twitter has permanently suspended the account of extreme right-wing British columnist Katie Hopkins for violating its hateful conduct policy. A spokesperson for Twitter would not…
SL debt ratio rises to 86.8% against GDP
Sri Lanka’s Government debt to GDP ratio increase to 86.8% A would-be hub of Indo-Pacific Commerce and global tourist gem, Sri Lanka was already struggling…
National Audit Office highlights discrepancies over debt figures in treasury, CBSL records
The latest report of the Auditor General’s has observed that there are inconsistencies between the records of the central and the finance ministry on the…
Aitken Spence records profit of Rs. 4.2 billion in 2019-2020 amidst unprecedented challenges
Amidst unprecedented challenges Aitken Spence PLC has recorded a profit before tax of Rs. 4.2 billion in the financial year ended on 31 March 2020…
YouTube CEO says people are discovering different kinds of videos as the pandemic rages
In between all the music performances and prank videos that are staples of YouTube’s trending video section, there are a few that would have made no sense…
EU plans to raise $1241.40 billion to aid recovery from the coronavirus recession
The European Commission has proposed giving hundreds of billions of euros to EU countries that have seen their economies devastated by the coronavirus pandemic, a massive relief…
France announces $13.20bn rescue plan for car industry
The French government has announced an $13.20bn ($13.16bn) rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic. President Emmanuel Macron’s…