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Saturday, 23 January 2021 08:58

Lanka Coal denies price fixing

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The Lanka Coal Company yesterday rejected opposition accusations that it was procuring coal outside of the tender process at higher prices and denied any irregularities in purchases for the country’s only coal power plant.

Friday, 22 January 2021 17:27

Sri Lanka inflation declines in December

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Sri Lanka headline inflation as measured by the year-on year (Y-o-Y) change in the National Consumer Price Index (decreased to 4.6 per cent in December 2020 from 5.2 per cent in November 2020, Central Bank announced.

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SriLankan Airlines will step up the country’s fresh push to woo tourists by starting twice weekly flights to Russian capital Moscow from February. Airlines ,Chairman Ashok Pathirage divulged.

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Sri Lanka exports maintained resilience last year recording a remarkable achievement surpassing the revised target amidst challenges in Covid -19 crisis.

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Business leader Dhammika Perera picked perhaps an auspicious 21.1.21 to unleash a sensational move of share splits of his flagship export-rich diversified blue-chip Hayleys PLC and several subsidiaries sending the stock market to dizzy heights with investors scrambling to grab stocks.

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SriLankan Airlines said yesterday it will step up the country’s fresh push to woo tourists by starting twice weekly flights to Russian capital Moscow from February.

Thursday, 21 January 2021 08:01

Fresh hopes for tourism industry

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The beleaguered COVID-hit tourism industry will start today with fresh hope for revival as Sri Lanka reopens its borders after a 10-month closure though actual leisure travellers to exotic destination may take bit longer.

Thursday, 21 January 2021 07:56

CB allows banks to pay dividends

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Central Bank in its latest circular has reversed a decision given in May last year and allowed licensed commercial and specialised banks to pay dividends post-finalisation of annual accounts, which typically takes place around February.

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The revival of the Hingurana Sugar factory under Sri Lanka‘s first private partnership initiated during President Mahinda Rajapaksa’s regime in 2007 ending a 15 year closure has now been turned around to a profitable joint venture with efficient management,

Wednesday, 20 January 2021 08:09

Priority lending for MSMEs: CB

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Joining the effort to propel Sri Lanka to 6% growth in 2021 the Central Bank has decided to keep policy rates unchanged and will introduce priority sector lending targets for Micro, Small and Medium

Enterprises (MSMEs) to propel rapid economic expansion, top officials said yesterday.

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