Federal Reserve cuts interest rates for first time since 2008
The United States Federal Reserve lowered its benchmark rate by a quarter-point yesterday, its first rate cut since December 2008.…
Category: BUSINESS
Teejay reports Q1 net profit growth of 62-pct
Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and…
First Capital recommends investors to reduce exposure in low yield bonds
Sri Lanka’s First Capital recommends investors to reduce overall portfolio exposure to 45 percent from 60 percent. The firm recommends…
CBL Plenty Foods ranked among Sri Lanka’s Top 25 Best Workplaces
CBL Plenty Foods (Pvt.) Ltd, manufacturer of Samaposha, Sri Lanka’s favorite breakfast cereal, was recognized for its commitment to its people and culture, earning a place…
Pro Food-Pro Pack & Agbiz 2019 exhibition opens in Colombo today
Pro Food Pro Pack & Agbiz 2019 – the most comprehensive food, beverage and packaging exhibition – will commence from…
At Home in the City: John Keells Properties supports the Car Free Day initiative
Colombo is Sri Lanka’s cosmopolitan hub and the country’s commercial capital. Yet the city retains a certain uniqueness unusual to…
SLT group further diversify in to smart transport industry- ‘SLT muve’ ridesharing service shake up the market place in Sri Lanka
By revolutionizing the country’s connected mobility services and traditional taxi services industries, Sri Lanka Telecom PLC (SLT), through its Digital…
Japan’s SBI Group invests $2 million in Sunshine Energy to further expand on renewable energy production
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that SBI Ven Holdings (Pte) Limited, the overseas private equity firm of…
JKH transportation, consumer foods and retail witness strong growth in Q1
John Keells Holdings PLC reported a 5 percent growth in Group revenue during the first quarter of the year of…
Lanka IOC back in losses in June quarter
Lanka IOC a unit of Indian Oil Corporation reported a loss of 239.18 million rupees for the June 2019 quarter,…