Business News

Monday, 14 October 2019 06:20

89 loss-making SOEs become liabilities

Rate this item
(0 votes)

Governance and transparency are to be strengthened in 422 State Owned Enterprises (SOEs) as most of these institutions are running at a loss despite this sector’s contribution to GDP being 33 per cent last year.

Rate this item
(0 votes)

Sri Lanka’s fastest-growing life insurer Softlogic Life has made it to the Forbes ‘Asia’s Best Under A Billion 2019’ list, a business ranking which spotlights Asia’s 200 top-performing listed companies with less than US$1 billion in revenue with consistent top- and bottom-line growth.

Rate this item
(0 votes)

Sri Lanka’s trade performance during the first eight months of 2019 recorded an improvement over the previous year, supported by a notable contraction in the growth of imports and a modest growth of exports, Central Bank ,announced yesterday (Friday 11).

Rate this item
(0 votes)

Sri Lanka Government is mulling to revise the proposed ‘carbon tax’ originally based on a complex criteria including the age of the vehicle, engine capacity, which had no direct connection to the actual use or burning of fuel, official sources confirmed.

Rate this item
(0 votes)

Bank of Ceylon has written off Rs. 1,169 million capital of loans obtained by s 12,014 customers of the Bank in 2017/2018 period , latest data showed..

Rate this item
(0 votes)

Details of a financial fraud of withdrawing cash from National Savings Bank fixed deposits belonging to Postgraduate Institute of Science (PGIS) Peredeniya University have been revealed.

Rate this item
(0 votes)

SriLankan Engineering, the aircraft Maintenance Repair Overhaulunit (MRO) of SriLankan Airlines, marked another milestone with the commencement of certification of the first B787 aircraft operated by Singapore Airlines to Malé, Maldives. The Airline in the past has provided certifications to various Airbus aircraft of Singapore Airlines in Maldives and this is the first time the National Carrier certified a Boeing 787.

Rate this item
(0 votes)

Inroads made by fintech will push stakeholders to redraw the roadmap for the banking industry, which would require focus on increasing the agility of banks, improving financial inclusion and accelerate development, an official said.

Rate this item
(0 votes)

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday defended the monetary authority’s decision to impose caps on interest lending rates, insisting that it was an effort aimed at giving a strong tailwind to the economy to grow post-March once the election cycle was over.

Rate this item
(0 votes)

The Central Bank of Sri Lanka has taken a number of measures over the past eleven months to ease monetary policy and monetary conditions in view of decelerating growth of credit and monetary aggregates and subdued economic growth, amidst well anchored inflation expectations.

Page 1 of 338

Latest Business News

There are 30953 listings and 922 categories in our website