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Category: BUSINESS

Aitken Spence successfully conducts its first virtual AGM
BUSINESS
byFastnewsJul 8, 2020

Aitken Spence successfully conducts its first virtual AGM

(FASTNEWS | COLOMBO) – Aitken Spence PLC achieved yet another milestone in its 150+ year legacy by conducting the company’s…

CBSL commences the process of developing a Blockchain Technology based Know-Your-Customer Proof of Concept
BUSINESS
byFastnewsJul 8, 2020

CBSL commences the process of developing a Blockchain Technology based Know-Your-Customer Proof of Concept

(FASTNEWS | COLOMBO) – The Central Bank of Sri Lanka (CBSL) entered into agreements to begin the process of developing…

HIP ship repair team embarkations under strict Government regulations
BUSINESS
byFastnewsJul 8, 2020

HIP ship repair team embarkations under strict Government regulations

(FASTNEWS | COLOMBO) – The Hambantota International Port (HIP) follows all guidelines laid down by the government with regard to…

Returnees can shop at duty free from today
BUSINESSLOCAL
byFastnewsJul 6, 2020

Returnees can shop at duty free from today

(FASTNEWS | COLOMBO) – Air passengers who arrived in the country during the past few months and were directed to…

Report on financial firms to CBSL Governor on Jul 7
BUSINESSLOCAL
byFastnewsJul 6, 2020

Report on financial firms to CBSL Governor on Jul 7

(FASTNEWS | COLOMBO) – The final report compiled by the committee appointed to investigate and report on discrepancies at financial…

Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads
BUSINESS
byFastnewsJun 29, 2020

Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads

(FASTNEWS | COLOMBO) – Bloomberg – Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising…

Uber launches ‘Uber Rentals’ for multi-hour, multi-stop needs in Sri Lanka
BUSINESS
byFastnewsJun 29, 2020

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

(FASTNEWS | COLOMBO) – Uber has launched its latest product offering – ‘Uber Rentals,’ a 24×7 on-demand service which allows…

Dumith Fernando appointed Chairman of CSE
BUSINESS
byFastnewsJun 29, 2020

Dumith Fernando appointed Chairman of CSE

(FASTNEWS | COLOMBO) – The Colombo Stock Exchange (CSE) announced the appointment of Dumith Fernando as the Chairman of the…

SriLankan Airlines supports export industries by converting passenger aircraft to full freighter
BUSINESS
byFastnewsJun 25, 2020

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

(FASTNEWS | COLOMBO) – In its quest to continuously support Sri Lanka’s export industries and to keep the country connected…

Rs.26 surcharge on a litre of petrol & diesel removed
BUSINESS
byFastnewsJun 25, 2020

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

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

IMF says decline in global growth worse than forecast
BUSINESS
byFastnewsJun 25, 2020

IMF says decline in global growth worse than forecast

(FASTNEWS | COLOMBO) –  The International Monetary Fund has lowered its global growth forecast for this year and next in…

Nations Trust Bank PLC launches Rs. 7 Billion “Nations Diriya” fund to support economic revival
BUSINESS
byFastnewsJun 25, 2020

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

(FASTNEWS | COLOMBO) – Led by their vision of “helping people and businesses by providing financial services and information to…

Constitutional Council approves Ranee Jayamaha and Samantha Kumarasinghe to CBSL Monetary Board
BUSINESS
byFastnewsJun 25, 2020

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

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

ComBank further slashes lending rates
BUSINESS
byFastnewsJun 25, 2020

ComBank further slashes lending rates

(FASTNEWS | COLOMBO) – The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up…

Jude Fernando to resign from Janashakthi Insurance
BUSINESS
byFastnewsJun 25, 2020

Jude Fernando to resign from Janashakthi Insurance

(FASTNEWS | COLOMBO) – Janashakthi Insurance Plc Director and CEO Jude Fernando has notified the company of his intention to…

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