Sri Lankan Rupee depreciates
The value of Sri Lankan Rupee has depreciated against the US Dollar in the middle of corona virus crisis. The current selling rate of the…
Posts published in “Business”
Ongoing curfew leaves CSE closed for trading.
As extension of the curfew by the Government, the Colombo Stock Exchange (CSE) decides to remain closed for Trading on Monday, 30th March 2020. Accordingly, 30th March…
THE WORLD’S LUCKIEST MAN? – JEFF BEZOS SOLD $3.4bn stock before collapse
Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse As trillions of dollars were wiped off stock markets some of the world’s richest…
Elections Set for After August – No Question of Interim National Government
Government sources revealed that the parliamentary elections set for April is now unlikely to happen anytime before August 2020. The impact of the global pandemic…
Nawaloka Polysacks Pvt Ltd has regained ownership and control of its factory in the UAE.
Nawaloka Polysacks Sharjah has regained ownership and control of their factory and business in the UAE. The Sharjah Court ruled that Nawaloka Polysacks Sharjah…
Nurturing Regional Entrepreneurship: SLASSCOM conducts Uva IT/BPM Week 2019
SLASSCOM recently concluded the fourth edition of its IT/BPM Week, held in the city of Badulla of the Uva Province for the year 2019. The…
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for private-sector investors across all emerging markets, with Sri…
Ravi Wijeratne slips away from taking over MTD Walkers
Sri Lankan businessman, Ravindranath Srilal Wijeratne, alias Ravi Wijeratne has slipped away from taking over MTD Walkers. According to MTD Walkers, the agreed transaction will…
John Keells Hotels (KHL) reports a quarterly loss of Rs398mn
Colombo Stock Exchange listed John Keells Hotels (KHL) reported a loss of Rs389mn in the quarter ended last December. Nine month cumulative losses came in…
Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter
Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a profit of Rs43mn for the December quarter, while revenue was off a disappointing 21%…
