Business News

Tuesday, 20 December 2016 01:08

Sri Lanka to import 10,000 tonnes of rice soon

Sri Lanka is to import 10,000 tonnes of rice and purchase 20,000 M-tonnes of paddy (both White rice and Nadu) from the Paddy Marketing Board (PMB) immediately to ease the shortage of rice which is anticptaed during the new year festive season as result of prevailing drought.

Monday, 19 December 2016 10:04

Only 30% of ‘Maha’ season rice planted

Amidst the worst drought in five years, erratic weather patterns are herding Sri Lanka towards a sharp drop in rice production in the ‘Maha’ cultivation season in early 2017, an agriculture expert said, warning that more rice imports could be needed to meet the demand shortfall.

Monday, 19 December 2016 09:59

New Public Enterprise Act in 1Q 2017

As State-run strategic business entities continue to make losses the Public Enterprise Development Ministry is adding the final touches to introduce the Public Enterprises Act within three months to restructure management, reduce losses and wastage, a top Government official said. 

Saturday, 17 December 2016 10:10

BOC sells stake in Seylan Bank for Rs. 1.3 b

State-owned Bank of Ceylon yesterday divested its 7.5% stake in Seylan Bank Plc for Rs. 1.32 billion to a foreign fund.

REUTERS: Shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued.

IMF completes First Review of the Extended Arrangement Under the EFF with Sri Lanka and Approves US$162.6 Million Disbursement On November 18, 2016

“Winning the JICA award is a dream come true” says Ms. Hemamali Perera, who is the winner of JICA award for the Best student in the year 2015 in Masters in Information Technology degree at the University of Colombo, School of Computing.

A new National Cooperative Policy is to be introduced in Sri Lanka with the assistance of International Labour Organisation (ILO).

Friday, 16 December 2016 08:45

SL grows 4.1% in 3Q

Census and Statistics Department revises 2Q growth to 2.7%
Industries jump to 6.8%, Services 4.7% but Agriculture records negative growth of 1.9%

As the joyous and infectious spirit of Christmas permeates, amanté devotees eagerly await this year’s scintillating Christmas offerings.

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