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Fonterra Brands Sri Lanka will continue to scale up its investment in Sri Lanka ’s dairy industry, and it will increase its current network of Supplier Relationship Officers (SROs) this year

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The debt ridden Sri Lankan Airlines slows down its plans aircraft operating in low yield routes as the national carrier suffered a severe set back in A330 aircraft deal with Pakistan International Airline (PIA).

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The Coca Cola factory proposed to be established in Sri Lanka would further reduce the water resources which are already diminishing as a result of the drought, Parliamentarian Douglas Devananda charged.

Friday, 24 February 2017 09:22

Rupee ends firmer as exporters sell dollar

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Reuters: The rupee ended firmer on Thursday as exporters sold the US dollar, but concerns over possible further depreciation in the domestic currency in the absence of Central Bank guidance weighed on the sentiment, dealers said.

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Reuters: Cabinet has approved a proposal to employ a global stock and bond settlement house to help boost foreign investment in its Government bonds, a Cabinet document showed on Thursday.

Thursday, 23 February 2017 09:37

COMBank makes 2016 spectacular year

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Becomes first private bank to cross Rs. 1 trillion in assets
Loan book and deposits both grow by more than Rs. 100 b in 12 months

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otal assets up by 20% to Rs. 356 b
Net Loan book grows by 22% to Rs. 236 b
Customer deposits grows by 22% to Rs. 273 b

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French Agency for Development (Agence Française de Développement or AFD) in Sri Lanka supports a 1 Million Euro grant project

Wednesday, 22 February 2017 08:36

January inflation up 4.2%

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The year-on-year inflation based on the National Consumer Price Index (NCPI) has increased to 6.5% in January 2017 from 4.2% in December 2016.

Wednesday, 22 February 2017 08:34

Govt. to implement crucial tax bills from 1 April

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Says revenue to GDP increased from 10.2% to 13.8% within past two years
Govt. sets Rs.660b revenue collection target for IRD

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