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Mon, 23 Sep 2024 Today's Paper
Despite the anticipated acceleration of economic activities and fiscal loosening, the deep tax cuts may create a challenge for the government to raise the estimated US $ 3-3.5 billion from external financing resources for external debt repayment, at
A moratorium on the loan payments from China could significantly ease off the pressure on Sri Lanka’s external sector, rather than a debt moratorium from India.
The newly-appointed Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne, PC, along with the members of the commission, has commenced a series of meetings with capital market stakeholders.
The Dialog Axiata group, the largest foreign direct investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), has announced entering into two supplementary agreements with the BOI for the investment of an additional sum
Sri Lanka’s bank lending rates are on the decline and the sector got on to a better start with higher number of applications for new loans receiving as the measures taken for monetary easing take hold.
In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said yesterday.
Managing the mobility of people and goods is one of the toughest environmental and social challenges that countries face. Sri Lanka is facing a rapid rise in road congestion and air pollution. With escalating numbers of new vehicles being registered
The project company of Colombo Port City (CPC), CHEC Port City Colombo, is set to kick off the global launch of the Colombo Port City project for investors at World Cities Summit 2020 in Singapore this July with first few developments of the project
Weak asset quality weighed on the performance of National Development Bank PLC (NDB) during the December quarter (4Q19), as the bank made some hefty provisions for possible bad loans in a period marred by growth slowdown, but the bank remains hopeful
Most people infected by the new coronavirus in China have mild symptoms, with older patients and those with underlying conditions most at risk from the disease, according to a study by Chinese researchers.
Sri Lanka’s total exports growth in 2019 has slowed down to the lowest since 2016, recording a marginal growth of 1.4 percent Year-on-Year (YoY) to reach US$ 16.14 billion, according to the Export Development Board (EDB).
Due to the prevailing dry weather in Sri Lanka, hydropower generation has come down to 23 percent of total production, the Power and Energy Ministry said.
Moody’s Investors Service said in a new report yesterday the coronavirus outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and for some sectors also through supply-chain disruption
Sri Lankans can now open a securities account instantly with their stock broker under a new decentralization programme by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait f
Aspiring to have a net zero carbon footprint requires a transition towards a low carbon economy, which is easier said than done. While the move necessitates in-depth analysis, changing energy resources and industrial processes, amongst other areas of
Some days ago, the media reported that the Agriculture and Mahaweli Development Minister addressing a farmers’ meeting in Embilipitiya had remarked that according to a World Health Organisation (WHO) report, Sri Lanka is the country consuming the h
Softlogic Holdings PLC returned to profit in the quarter ended December 31, 2019 (3Q20), recording a double-digit growth in the top line, as the diversified conglomerate with a strong retail footprint benefitted from the recovering consumer sentiment
Sri Lanka’s imports picked up in December 2019, first time since October 2018, most likely responding to the economic stimulus package announced end-November by the newly formed government of President Gotabaya Rajapaksa.
Sri Lanka’s vehicle registrations in January have shown a strong rebound across the board from the previous months, recording the highest number of total registrations since March 2019, possibly due to the resurgence in consumer and business confid
Dialog Axiata PLC saw its top line languishing during the three months to December 2019, from lower revenues from its key mobile business but the fixed broadband and satellite television businesses buffered the top line.
Rotary International, a leading international service organisation, plans to woo new youth members to the organisation through its new action plan with an aim to stay ahead of unfolding global trends.
Weak economic conditions undermined the performance at Ambeon Holdings PLC during the quarter ended December 31, 2019, resulting in a mixed performance of its diverse business interests.
HNB Finance Limited’s Initial Public Offering (IPO) through an offer for sale of 10 million ordinary voting shares, at Rs.5.70 per share, was successfully oversubscribed on the opening day.
HNB Finance Limited’s Initial Public Offering (IPO) through an offer for sale of 10 million ordinary voting shares at Rs.5.70 per share was successfully oversubscribed on the opening day.
Satya Nadella is an Indian-American business executive. He is Chief Executive Officer (CEO) of Microsoft, succeeding Steve Ballmer in 2014. Before becoming CEO, he was Executive Vice President of Microsoft’s cloud and enterprise group, responsible
The World Health Organization (WHO) recently declared the 2019 novel-Coronavirus (COVID-19) a global health emergency.
If there was any fear that artificial intelligence (AI) was going to take over our jobs then this would probably be one reason not to worry too much about it. And that is when we look at the services, Uber the taxi-hailing company offers.
Sri Lanka’s apparel exporters recently requested the authorities to revisit policies which restrict their access to the local market in order to develop their own brands, which can be later taken into the international market.
The coronavirus epidemic could damage global economic growth this year, the IMF head said yesterday, but a sharp and rapid economic rebound could follow.
United States (US)-based John Wiley & Sons Inc., a global leader in research and education, plans to make Sri Lanka its largest technology centre replacing Russia by end of this year with plans to double its current staff in Sri Lanka within 12-18 mo
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