BUSINESS

PM Wickremesinghe to appoint a high-powered committee to stabilise economy

PM Wickremesinghe to appoint a high-powered committee to stabilise economy

SL Apparel sector to achieve a target of US$ 6 billion this year

Sri Lanka’s Apparel industry has re-affirmed its resilience in achiving an export  target of US$ 6 billion this year despite global economic recession and resulting softening...

India and Japan agree  to assist Sri Lanka to overcome  economic  crisis  

India and Japan have agreed to work together on assisting crisis-hit Sri Lanka, the Japanese government said, following a recent meeting between Prime Ministers...

CEB  defaults  Rs. 23 billion due for renewable energy sector 

The CeyLon Electricity Board(CEB) has been directed by the Energy Ministry to add more renewable energy as there was existing capacity of the main power...

BOC gains business growth in 1Q amidst dip in profitability

Industry giant Bank of Ceylon has managed to improve its lending and deposits in the first quarter whilst profitability suffered due to heavy provisioning...

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