CK Hutchison and Etisalat Group to merge Sri Lanka operations
CK Hutchison Group and Emirates Telecommunications Group Company PJSC (“Etisalat Group”) have entered into a definitive agreement to merge their…
Category: BUSINESS
Sri Lanka, Vietnam agree to intensify parliamentary cooperation
Vietnam and Sri Lanka have agreed to maintain and intensify the exchange of all-level delegations of their legislative bodies, particularly…
Britain pledges full support for economic development in Sri Lanka
British High Commissioner to Sri Lanka James Dauris has assured full support for economic development in Sri Lanka when he…
Union Bank records 37% growth in PAT in 1Q18
Union Bank recorded an impressive Profit Before Tax and VAT of Rs. . 246 million, reporting a 47 percent growth…
CB backs flagging rupee
Insists dedicated to allow currency to have fair value, contends inflation can be controlled with policy rates Ready to intervene if necessary, reserves…
Pakistan Furniture Council Delegation to visit Sri Lanka this week to explore trade opportunities
A high level delegation of Pakistan Furniture Council (PFC) is scheduled to visit Sri Lanka this week to explore new…
Sri Lanka utility regulator to address issues in lubricant industry
The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry is to prepare regulatory tools addressing…
Sri Lanka Central Bank clarifies Treasury Bond service payments
The Central Bank of Sri Lanka (CBSL) has observed media reports erroneously highlighting lack of funds to pay-off Treasury bonds…
President discusses problems of SriLankan Airlines
President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in the national…
Budget 2017 stumbles on execution
By Uditha Jayasinghe Budget 2017 has scored better on transparency than implementation, with 22% of proposals making substantive progress and…