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Category: Business News

Manjula de Silva appointed Sec Gen & CEO of Ceylon Chamber of Commerce
Business NewsLocal

Manjula de Silva appointed Sec Gen & CEO of Ceylon Chamber of Commerce

Manjula de Silva will assume duties as the Secretary-General and CEO of the Ceylon Chamber of Commerce, from February 1st,…

byTeam Independent30/01/2020
Sri Lanka’s private sector credit growth picks up in December
Business NewsLocal

Sri Lanka’s private sector credit growth picks up in December

Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a…

byTeam Independent30/01/2020
Colombo Chamber submits proposal to effectively implement SME moratorium
Business NewsLocal

Colombo Chamber submits proposal to effectively implement SME moratorium

Colombo Chamber of Commerce has decided to submit several proposals for the effective implementation of the moratorium for SMEs and…

byTeam Independent30/01/2020
Maldivian hotels resume operations, Avg room rates above expectations: JKH
Business NewsLocal

Maldivian hotels resume operations, Avg room rates above expectations: JKH

Sri Lanka’s diversified John Keells Holdings says that all four of their Maldivian hotels are now in operation with the…

byTeam Independent30/01/2020
Current trends may lead to undesirable turnaround in market lending rates
Business NewsLocal

Current trends may lead to undesirable turnaround in market lending rates

Market lending rates have adjusted downwards, in response to monetary and regulatory measures taken by the Central Bank, but the…

byTeam Independent30/01/2020
Lanka IOC (LIOC) reports profit of Rs490mn for the quarter
Business NewsLocal

Lanka IOC (LIOC) reports profit of Rs490mn for the quarter

Colombo Stock Exchange listed Petroleum retailer Lanka IOC (LIOC) has reported a profit of Rs490mn for the quarter ended December…

byTeam Independent30/01/2020
Central Bank reduces its policy interest rates
Business NewsLocal

Central Bank reduces its policy interest rates

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate…

byTeam Independent30/01/2020
Nurturing Regional Entrepreneurship: SLASSCOM conducts Uva IT/BPM Week 2019
BUSINESSBusiness News

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…

byFaraz Shauketaly29/01/202030/01/2020
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
BUSINESSBusiness News

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…

byFaraz Shauketaly29/01/202030/01/2020
Ravi Wijeratne slips away from taking over MTD Walkers
BUSINESSBusiness News

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…

byFaraz Shauketaly29/01/202030/01/2020

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