Category: BUSINESS

Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads

Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads

Jun 29, 2020

(FASTNEWS | COLOMBO) - Bloomberg - Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising ... Read More

Uber launches ‘Uber Rentals’ for multi-hour, multi-stop needs in Sri Lanka

Uber launches ‘Uber Rentals’ for multi-hour, multi-stop needs in Sri Lanka

Jun 29, 2020

(FASTNEWS | COLOMBO) - Uber has launched its latest product offering - ‘Uber Rentals,’ a 24x7 on-demand service which allows ... Read More

Dumith Fernando appointed Chairman of CSE

Dumith Fernando appointed Chairman of CSE

Jun 29, 2020

(FASTNEWS | COLOMBO) - The Colombo Stock Exchange (CSE) announced the appointment of Dumith Fernando as the Chairman of the ... Read More

SriLankan Airlines supports export industries by converting passenger aircraft to full freighter

SriLankan Airlines supports export industries by converting passenger aircraft to full freighter

Jun 25, 2020

(FASTNEWS | COLOMBO) - In its quest to continuously support Sri Lanka’s export industries and to keep the country connected ... Read More

Rs.26 surcharge on a litre of petrol & diesel removed

Rs.26 surcharge on a litre of petrol & diesel removed

Jun 25, 2020

(FASTNEWS | COLOMBO) - The surcharge of Rs.26 that was imposed on a litre of petrol and diesel has been ... Read More

IMF says decline in global growth worse than forecast

IMF says decline in global growth worse than forecast

Jun 25, 2020

(FASTNEWS | COLOMBO) -  The International Monetary Fund has lowered its global growth forecast for this year and next in ... Read More

Nations Trust Bank PLC launches Rs. 7 Billion “Nations Diriya” fund to support economic revival

Nations Trust Bank PLC launches Rs. 7 Billion “Nations Diriya” fund to support economic revival

Jun 25, 2020

(FASTNEWS | COLOMBO) - Led by their vision of “helping people and businesses by providing financial services and information to ... Read More

Constitutional Council approves Ranee Jayamaha and Samantha Kumarasinghe to CBSL Monetary Board

Constitutional Council approves Ranee Jayamaha and Samantha Kumarasinghe to CBSL Monetary Board

Jun 25, 2020

(FASTNEWS | COLOMBO) - The Constitutional Council has approved the appointment of Dr. Ranee Jayamaha and Samantha Kumarasinghe to the ... Read More

ComBank further slashes lending rates

ComBank further slashes lending rates

Jun 25, 2020

(FASTNEWS | COLOMBO) - The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up ... Read More

Jude Fernando to resign from Janashakthi Insurance

Jude Fernando to resign from Janashakthi Insurance

Jun 25, 2020

(FASTNEWS | COLOMBO) - Janashakthi Insurance Plc Director and CEO Jude Fernando has notified the company of his intention to ... Read More

CBSL approves Rs.28 billion loans at 4% for businesses

CBSL approves Rs.28 billion loans at 4% for businesses

Jun 25, 2020

(FASTNEWS | COLOMBO) - Having identified the urgent need of reviving the businesses adversely affected by the COVID-19 outbreak and ... Read More

Inflation declines to 5.2% in May

Inflation declines to 5.2% in May

Jun 23, 2020

(FASTNEWS | COLOMBO) - Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, ... Read More

President makes case for limiting imports

President makes case for limiting imports

Jun 23, 2020

(FASTNEWS | COLOMBO) - President Gotabaya Rajapaksa says the opportunity to commence production in many sectors by limiting of imports ... Read More

All Share Price Index crosses 5000 points

All Share Price Index crosses 5000 points

Jun 22, 2020

(FASTNEWS | COLOMBO) - The All Share Price Index (ASPI) crossed the 5000 points mark today. (more…) Read More

Mangala defends Central Bank Officials

Mangala defends Central Bank Officials

Jun 22, 2020

(FASTNEWS | COLOMBO) - Former Finance Minister Mangala Samaraweera in an open letter Prime Minister Mahinda Rajapaksa yesterday (21) said ... Read More