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Sun, 22 Sep 2024 Today's Paper
Sri Lanka will launch the ambitious Rs. 60 billion ‘Enterprise Sri Lanka’ programme on 21st of this month aiming to groom 100,000 entrepreneurs by 2020 through 16 concessional loan schemes with additional incentives provided to encourage
QUEBEC CITY (AFP): The G7 summit ended in farce and a renewed threat of global trade war on Saturday as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host.
Manuel Inauen, head of business development KUK Electronics AG, a high technology Swiss electronic manufacturer had a meeting with Malik Samarawickrama, Minister of Development Strategies and International
Sampath Bank PLC, Sri Lanka’s third largest private lender by assets, has been included to the MSCI Frontier Market 100 Index, Mirror Business learns. During the last week the shares o
The government of Sri Lanka has reported Rs. 814.3 billion worth non-financial assets for 2017, compared to Rs. 21 billion reported in 2015, under the new Computerised Integrated Government Accounti
The unit rate-based duty scheme on vehicle imports has failed to realise the government revenue targets while causing additional foreign exchange outflows from the country.
REUTERS: Sri Lankan shares fell for a third straight session yesterday and ended at a more than five-month low, dragged down by diversified shares such as John Keells Holdings Plc, brokers said.
BEIJING (AFP): China’s trade surplus with the United States jumped in May, official data showed yesterday, worsening the imbalance at the centre of tensions between the economic titans while Beijing’s advantage with the rest of the world
RIO DE JANEIRO (AFP): Brazil raked in 3.15 billion reais (US$807 million) yesterday in the first auction of deep sea, pre-salt oil fields since a crippling strike led to the resignation of state oil company Petrobras’s CEO.
MUMBAI (AFP): Air India has announced it is seeking an urgent multi-million-dollar loan to maintain day-to-day operations, highlighting the wretched financial predicament of the country’s debt-stricken national carrier.
AMMAN (AFP): Jordan's authorities may have shelved a proposed income tax hike after a week of protests -- but they still face the tricky task of balancing popular demands with the need to fix the economy.
Asian markets retreated yesterday at the end of a broadly positive week, with traders turning their attention to a Group of Seven summit that could see world leaders clash with Donald Trump over his latest tariff provocations.
SHANGHAI (AFP): Chinese digital payments giant Ant Financial said yesterday it had raised US$14 billion in its latest financing round, making it the world’s largest fintech company ahead of an expected mammoth IPO.
The Central Bank yesterday rubbished misleading reports suggesting the monetary authority’s involvement in manipulating GDP estimates of the country. The Central Bank noted that t
BUENOS AIRES (AFP): The International Monetary Fund (IMF) agreed with Argentina to a standby loan of US$50 billion over a three-year period, Finance Minister Nicolas Dujovne said this week.
REUTERS: The Sri Lankan rupee hit a fresh record low of 159.00 per dollar yesterday, as importer dollar demand outpaced greenback sales by exporters who held back from selling the U.S. currency expecting a further decline in the rupee, dealers said.&
As more women enter the workforce the pressures and challenges they face only begin to increase each year. Despite these growing obstacles many women persev
Today, despite immense progress made by enterprising, socially conscious and highly successful female leaders like social entrepreneur and philanthropist Otara Gunawardene, Ceylon Biscuits Group Manag
Laugfs Gas PLC cut losses in the January–March quarter as the group managed to keep the costs under check while the revenues rose moderately. The downstream LPG player whic
Sri Lanka attracted US$ 1303 million in net Foreign Direct Investments (FDIs) in 2017, almost doubling FDIs YoY compared to 2016, according to United Nations Conference on Trade and Developm
REUTERS: The Sri Lankan rupee hit a fresh record low of 158.90 per dollar yesterday, as importer dollar demand offset the lack of greenback sales by exporters who expect the currency to drop further,
REUTERS: Sri Lankan shares ended weaker yesterday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc , brokers said.
If there is a single most nagging issue in the country’s State sector, it is the weak productivity inherent in the public service which has been dragging the economic growth in the post independence Sri Lanka, and the
Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strat
Doha Bank, the third largest conventional bank in Qatar yesterday inaugurated its representative office at World Trade Centre (WTC) in Colombo, becoming the first Gulf bank to be launched in the country. The bank is said to be aiming to promote bi-la
(Colombo) REUTERS: Sri Lankan shares ended slightly weaker on Wednesday, hovering near their lowest close in over five months hit earlier in the week, led by diversified shares such as John Keells Holdings PLC, while foreign buying helped boost the t
The stock exchange in any country is comprised of leading companies which play a pivotal role in the respective economy.
The country’s budding ICT sector was yesterday looked up to by the government to help reach national export targets in the medium term and was urged to boost its efforts to ensure not only its progression, but also the industries it supports.
Research shows that many of the microplastics in our bodies come from the air we breathe – not just from drinking bottled water or eating fish from polluted oceans. Due to their small size, microplastics can be inhaled and may induce a wide ran
The US 10-year treasury yield recently hit 3 percent, the so-called “psychological ceiling,” for the first time in five years. It remains to be seen whether the long-term rate will settle there, but capital markets in advanced and emergin
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