BUSINESS

US $ 13 b retail industry calls for rapid remedy for forex crisis  

  The retail industry which constitutes 23% of the country’s GDP  has been hit hard by the ongoing forex crisis and it urged the Government to...

Laugfs Gas seeks support from Central Bank to procure LPG shipments

The Central Bank (CB) is to instruct State-owned banks to extend letter of credit (LC) facilities to Laugfs Gas PLC, which is struggling to...

Sri Lanka’s cooperative system to be streamlined to avert food crisis

Sri Lanka’s cooperative system is to be streamlined eliminating mismanagement, fraud, corruption and waste with a view of making maximum use out of it...

Sri Lanka records highest BOP deficit of US$ 3,961 million

Sri Lanka has recorded a balance of payments deficit of 3,961 million US dollars, the highest in the central bank’s history, data showed, as...

SLT Group records over Rs 100 billion turnover; profit up 54%

Sri Lanka Telecom PLC (SLT) Group has concluded the financial year 2021 on a high note, recording a turnover of Rs. 102.3 billion for...

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