BUSINESS

CB Governor pushes for fuel price hike endorsing Energy Minister’s view   

 Central Bank Governor Ajith Nivard Cabraal is pushing for a fuel price revision, saying it is long overdue. Mr Cabraal tweeted saying petrol and diesel...

Central expressway project phase 3 tender to be challenged in Courts

 The Highways Ministry’s move to award the construction contract of third phase Central expressway to local company causing a massive loss of over Rs 165...

Sri Lanka gets Beechcraft King Air 360ER Aircraft from US firm

US Company Textron Aviation has been awarded an $11 million contract for its new Beechcraft King Air 360ER aircraft. Built in Wichita, Kansas, the...

Banks face asset-quality pressure after the end of Covid relief   

 Sri Lankan banks are likely to face continued asset-quality pressure in 2022 as rising macroeconomic stresses stemming from the sovereign credit profile pose a...

Sri Lanka vehicles go off the roads in spare parts shortage   

The Ceylon Motor Traders Association (CMTA) raised concerns on the unofficial restrictions made by banks to cripple the country’s vehicle fleet maintenance, which would...

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