BUSINESS

SL Virtusa continues expansion strategy to enhance IT potential

By: Staff Writer Colombo (LNW):Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to...

Govt grapples to claim ocean pollution damages caused by X-Press Pearl fire

Almost two years after the sinking of the cargo ship the X-Press Pearl after ignited in the vesal, Sri Lanka is still trying to claim compensation for the environmental damage caused to the island nation

Gov. to spend record Rs.206 billion for 3-1 million poor families welfare

The Government.is to spend a record Rs.206 bn on social welfare to assist the poor and vulnerable who are truly in need of assistance.

Sri Lanka condominium sector stagnates at subdued levels

Sri Lanka’s condominium developers have halted new projects and building materials are skyrocketing with the collapsing rupee and import protection given to building material producers triggering a crisis in partially built apartments.

Consumer confidence gains in March following the US$3 bn IMF bailout loan

Although overall consumer sentiment remains pessimistic, the biggest gains were in future expectations suggesting the IMF funding agreement has lifted perceptions

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