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Friday, 29 September 2017 05:55

Lanka Sathosa slashes prices on eight items

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Cost reductions on directive of president, hopes new prices will spillover into supermarkets and shops

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Wordline Asia Pacific, along with several dozen banks, has joined together in Sri Lanka to share knowledge and experiences on the latest financial trends and techniques in Asia.

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Sri Lanka ‘s foreign reserves reached to a level of US$ 7.3 billion by September 21 following the Central Bank’s action to buy $ 1.1 billion dollars on a net basis , CB Governor Dr. Indrajit Coomraswamy said.
But reeves were down down from US $ 7.7 billion by the end of August, he disclosed.

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Sri Lanka-based alcoholic beverage manufacturer Distilleries Company of Sri Lanka PLC's (DIST) takes steps to complete its restructuring exercise and resolve its capital structure, which will require regulatory approval.

Wednesday, 27 September 2017 07:31

Budget critical for consolidation: CB

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As the days tick down to Budget 2018, the Central Bank yesterday called on its partner, the Finance Ministry, to refrain from pumping demand through the Budget ahead of possible elections next year, and maintain fiscal consolidation.

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The Ministry of Finance is calling for proposals from all stakeholders, including the general masses, to be included in the 2018 Budget to be presented in Parliament on 9 November.

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New amanté Autumn-Winter collection pays tribute to the muse that inspires

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Pioneering freight and logistics provider EFL (Expolanka Freight) has officially partnered with global family moving giant Santa Fe Relocation Services.

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Converting the newly acquired Hambantota into a global maritime centre to partner with the country’s growth and attract investment would be the key aim of China Merchant Ports Holdings, a top official said calling on local companies to join the effort.

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Reuters – The Central Bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, to support a stuttering economy even as inflation accelerates amid strong credit growth.

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