Central Bank cancels license issued to Standard Credit Finance Limited, will take legal action
The Monetary Board of the Central Bank of Sri Lanka, has decided to cancel the License issued to Standard Credit…
Category: BUSINESS
Chinese firm ready to invest US$ 30 mn to set up international gem & jewellery hub In Sri Lanka
A Chinese gold mining giant Sanmenxio Jinqu Group has announced that it is ready to set up an international standard,…
Rs. 500 m boost for Ceylon Tea promotion
By Chathuri Dissanayake Government this week decided to extend the brand promotion scheme available for Sri Lankan-owned tea brands selling…
Sri Lanka’s Hayleys debenture issue oversubscribed for over Rs. 3 billion
The debenture issue of Sri Lanka’s multinational conglomerate Hayleys PLC has been oversubscribed for over Rs. 3 billion, the company…
SriLankan Airlines lost Rs. 93 billion due to financial irregularities, Presidential Commission was told
During the tenure of Kapila Chandrasena as the Chief Executive Officer of SriLankan Airlines from 2011-2015, the national carrier lost…
Transshipment volumes at Sri Lanka’s Port of Colombo increase by 19.8%
Establishing a record in transshipment operations the Port of Colombo has witnessed the highest growth of 19.8% in transshipment container…
Five year plan for aquaculture farming
State Minister of Fisheries and Aquatic Resources Development and Rural Economy, Dilip Wedaarachchi, stated that a five year development plan…
Professionals need soul-searching
Eran calls on professional associations to move beyond focus on themselves to think of social needs Believes professional bodies push…
Aitken Spence Printing leads industry with carbon neutrality
Industry leader Aitken Spence Printing renewed its carbon neutral certification for the fourth consecutive year. The company was the first…
ITC hails SL trade policies, but counsels faster pace
By Charumini de Silva Strong commitment by the public and private sectors to increase capacity of local exports and improve…