Business News

Tuesday, 28 June 2016 08:54

‘Frexit’ for SriLankan Airlines

Rate this item
(0 votes)

SriLankan Airlines announced yesterday it would be suspending its operations to Paris and Frankfurt from winter 2016.

Rate this item
(0 votes)

Rs. 75 m IPO, via an Offer for Sale, together with concerted strategic initiatives expected to support ATLL in growing even further ahead of the industry
ATLL targets increasing CAGR from 31% over the last five years to 34% over the next five years

Tuesday, 28 June 2016 08:50

Tourist hotels to see stars

Rate this item
(0 votes)

Tourism officials yesterday launched an ambitious set of regulations to give every hotel in Sri Lanka a star rating in a sweeping effort to bring service levels to international standards and implement a policy that has been in the pipeline for over a decade.

Rate this item
(0 votes)

Sri Lankan business enterprises big or small have been compelled to pay the increased Annual Registration Levy (ARL) of Rs.60, 000 on or before the June 1, although the relevant statute has not been enacted and gazette notification is not issued so far to give effect to the 2016 budget proposal.

Rate this item
(0 votes)

The undue interference of Central Bank (CB) officials into day to day operations of licenced finance companies going beyond the bank’s regulatory frame work has created a problematic situation in the country’s non banking financial institution (NBFI) sector, finance company ceo’s complained.

Rate this item
(0 votes)

The government continues its Non Bank Financial Institution (NBFI) restructuring mechanism. A rating system will be implemented to monitor finance companies and preventive measures be adopted by the Central Bank to safeguard ailing finance companies.

Rate this item
(0 votes)

Sri Lanka initiates the process of repealing the draconian Exchange Control Act and replacing it with an Exchange Management Act to liberalise the foreign exchange market.

Rate this item
(0 votes)

The Statistics Department of the Central Bank has launched the country’s first-ever Purchasing Managers’ Index (PMI) for the manufacturing and services sectors of the country.

Rate this item
(0 votes)

Softlogic Holdings PLC and Fairfax Asia on Friday announced that they have signed an agreement to enter into a 10-year exclusive general insurance Distribution Agreement. The consideration payable under this agreement is Rs. 224 million.

Rate this item
(0 votes)

In a bid to mitigate the impact on the country’s economy by the UK’s exit from the European Union, Prime Minister Ranil Wickremesinghe has appointed a Committee for the compilation of a preliminary report as to how to strengthen the country’s relations in the Asian region.

Latest Business News

Image
There are 32600 listings and 1001 categories in our website