CBSL approves Rs.28 billion loans at 4% for businesses
(FASTNEWS | COLOMBO) – Having identified the urgent need of reviving the businesses adversely affected by the COVID-19 outbreak and…
Category: BUSINESS
Inflation declines to 5.2% in May
(FASTNEWS | COLOMBO) – Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI,…
President makes case for limiting imports
(FASTNEWS | COLOMBO) – President Gotabaya Rajapaksa says the opportunity to commence production in many sectors by limiting of imports…
All Share Price Index crosses 5000 points
(FASTNEWS | COLOMBO) – The All Share Price Index (ASPI) crossed the 5000 points mark today.
Mangala defends Central Bank Officials
(FASTNEWS | COLOMBO) – Former Finance Minister Mangala Samaraweera in an open letter Prime Minister Mahinda Rajapaksa yesterday (21) said…
Tourists allowed under health regulations from Aug. 01
(FASTNEWS | COVID-19) – There will be stringent health related checks and balances which will be imposed when the Bandaranaike…
Cabinet approves billion-dollar project for Port City
(FASTNEWS | COLOMBO) – A trilateral agreement was signed in August 2016 between the Sri Lankan Government, Urban Development Authority…
Final decision on estate workers’ daily wage by June 25
(FASTNEWS | COLOMBO) – A final decision on a request to increase the basic salary of estate workers to Rs.…
“Do not shirk responsibility of rebuilding the economy” – President tells Central Bank Chiefs
(FASTNEWS | COVID-19) – “We cannot let the health crisis develop into an economic crisis. What we are facing is…
President says State Banks must play their bounden role in economic revival
(FASTNEWS | COLOMBO) – The State Banks should make their bounden contribution to rebuild the economy which is in a…
ADB approves $ 3 m grant to assist Sri Lanka’s response to COVID-19
(FASTNEWS | COLOMBO) – The Asian Development Bank (ADB) said on Wednesday (10) that it has approved a $ 3 million…
Piramal Glass FY20 net profit up 12.4% to Rs. 389mn
(FASTNEWS | COLOMBO) – Piramal Glass Ceylon PLC (PGC) closed the year FY20 with a total turnover of Rs. 7,531…
Amana Bank Fitch Rating moves upward to BB+ (lka)
(FASTNEWS | COLOMBO) – Based on the latest rating review carried out in June 2020, Fitch Ratings Sri Lanka has…
UK economy shrinks record 20.4% in April due to lockdown
(FASTNEWS | COLOMBO) – The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record –…
Fitch Takes Rating Action on Two Support-Driven Sri Lankan NBFIs; Affirms One
(FASTNEWS | COLOMBO) – Fitch Ratings has revised Serendib Finance Limited’s National Long-Term Rating to ‘AA-(lka)’, from ‘A+(lka)’, with a…