Smartphone showcase cancelled over coronavirus fears
The world’s largest mobile phone showcase, Mobile World Congress (MWC), has been cancelled over coronavirus concerns, organisers have confirmed. The…
Category: MARKETS
Nestle axes low sugar chocolate due to weak sales
Nestle has axed its range of chocolate that used a new low-sugar technique, less than two years after it was…
Fitch affirms HNB Finance at A(lka); outlook stable
Fitch Ratings Lanka has affirmed HNB Finance Limited’s (HFL) National Long- Term Rating at ‘A(lka)’ with a stable outlook. The…
India’s Cabinet approves protocol amending agreement with Sri Lanka to avoid double taxation
India’s Union Cabinet on Wednesday approved the signing and ratification of the protocol amending the agreement between India and Sri…
EDB continues marketing support for Boat Building Sector
Boat Building is a focused sector identified in the National Export Strategy (NES) 2018-2020 as it has the potential to…
Singer Group posts Rs 341.4 mn Q3 PAT for FY 2019/20
Reflecting a strong turnaround delivering an impressive surge in Q3 profits for the year 2019/20, the Singer Group reported consolidated…
Sri Lanka engaged well with the EU on the GSP+ compliance issues – EU
A report released by the European Commission on Sri Lanka’s compliance with the Generalized Scheme of Preferences or GSP+ said…
SriLankan Airlines ponders claiming Airbus graft damages
The government of Sri Lanka is considering ways of recovering damages, including claiming compensation from France’s Airbus SE, after the…
Central Bank names 2020 the year of digital transactions in Sri Lanka
The Central Bank of Sri Lanka (CBSL) has named the year 2020 as the year of digital transactions in Sri…
Disclosure statement on Lanka IOC by Fitch Ratings
Fitch Ratings, making a disclosure in response to market enquiries about ratings of LIOC, said that they did not provide…
