Category: BUSINESS

Over 60% of global bank rating outlooks are negative – Fitch

Over 60% of global bank rating outlooks are negative – Fitch

Aug 10, 2020

(FASTNEWS | COLOMBO) -  Fitch Ratings' new interactive country-by-country map of bank rating trends shows that the balance of Outlooks ... Read More

Govt. increased debt by Rs.1 trillion-Harsha

Govt. increased debt by Rs.1 trillion-Harsha

Jul 31, 2020

(FASTNEWS | COLOMBO) - The Samagi Jana Balawegaya has charged that country’s debt burden increased by nearly one Trillion Rupees ... Read More

Nearly 10,000 Sri Lankan migrant workers lost employment – SLBFE

Nearly 10,000 Sri Lankan migrant workers lost employment – SLBFE

Jul 30, 2020

(FASTNEWS | COLOMBO) - Nearly 10,000 Sri Lankans in the Middle East and other countries have lost their jobs, according ... Read More

Hayleys Plantations’ Field Officers presented with first-ever NVQ Skills Passport in Sri Lanka

Hayleys Plantations’ Field Officers presented with first-ever NVQ Skills Passport in Sri Lanka

Jul 29, 2020

(FASTNEWS | COLOMBO) -   The Hayleys Plantations Sector set a new benchmark for human resource development after 100 Field ... Read More

Lanka IOC PLC posts Rs.795.45 million loss in June 2020 quarter

Lanka IOC PLC posts Rs.795.45 million loss in June 2020 quarter

Jul 27, 2020

(FASTNEWS | COLOMBO) - Lanka IOC PLC has recorded a loss of Rs. 795.45 million in the June 2020 quarter ... Read More

Sri Lanka Treasury Bill yields fall across maturities

Sri Lanka Treasury Bill yields fall across maturities

Jul 23, 2020

(FASTNEWS | COLOMBO) - Sri Lanka Treasury Bill yields fell to a record low at Wednesday's (22) auction. Accordingly, the ... Read More

Vallibel Power enters into a Power Purchase Agreement with CEB

Vallibel Power enters into a Power Purchase Agreement with CEB

Jul 23, 2020

(FASTNEWS | COLOMBO) - Sri Lanka’s listed largest public-quoted mini hydropower company, Vallibel Power Erathna PLC, announced yesterday (22) that ... Read More

Tile and Sanitaryware Temporary Import Suspension and its adverse impact on Consumers and Country’s Revenue

Tile and Sanitaryware Temporary Import Suspension and its adverse impact on Consumers and Country’s Revenue

Jul 23, 2020

(FASTNEWS | COLOMBO) - The Tile & Sanitaryware Importers Association (TSIA), Sri Lanka’s main body established to address the grievances ... Read More

Private hospitals association to discuss post-COVID recovery of healthcare sector

Private hospitals association to discuss post-COVID recovery of healthcare sector

Jul 23, 2020

(FASTNEWS | COLOMBO) - The discussion will place special attention on the economic recovery of small & medium level hospitals. ... Read More

Fresh health guidelines to resuscitate COVID-19-hit tourism industry

Fresh health guidelines to resuscitate COVID-19-hit tourism industry

Jul 23, 2020

(FASTNEWS | COLOMBO) - Sri Lanka is to publish health guidelines internationally soon for tourists as a move to resuscitate ... Read More

Statement from the Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI)on NMRA’s announcement re cancellation notices

Statement from the Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI)on NMRA’s announcement re cancellation notices

Jul 20, 2020

(FASTNEWS | COLOMBO) - We refer to the disturbing news item titled “NMRA issues cancellation notices to five pharmaceutical companies” ... Read More

Sri Lanka unemployment rate increases to 5.7% in 1Q 2020

Sri Lanka unemployment rate increases to 5.7% in 1Q 2020

Jul 20, 2020

(FASTNEWS | COLOMBO) - Sri Lanka’s unemployment rate has risen to 5.7% in the first quarter of 2020, data from ... Read More

Airline industry disruption due to Covid has far-reaching effects: Moody’s

Airline industry disruption due to Covid has far-reaching effects: Moody’s

Jul 20, 2020

(FASTNEWS | COLOMBO) - The global airline industry has been disproportionately affected by COVID-19 and is one of just a ... Read More

NMRA issues cancellation notices to five pharmaceutical companies

NMRA issues cancellation notices to five pharmaceutical companies

Jul 18, 2020

(FASTNEWS | COLOMBO) - The NMRA yesterday issued notices of cancellation of registrations and import licenses to five pharmaceutical companies ... Read More

Govt. to carry out feasibility studies for 10 high-tech universities

Govt. to carry out feasibility studies for 10 high-tech universities

Jul 17, 2020

(FASTNEWS | COLOMBO) - The Asian Development Bank (ADB) has given its consent to fund feasibility studies to set up ... Read More