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Category: BUSINESS

Singer records Rs. 55 Bn revenue for FY 2019/20 and 11% rise in PAT amidst challenging business environment
BUSINESS
byFastnewsMay 15, 2020

Singer records Rs. 55 Bn revenue for FY 2019/20 and 11% rise in PAT amidst challenging business environment

(FASTNEWS | COLOMBO) – The Singer Group reported Full Year (FY) 2019/20 consolidated revenue of Rs. 55 Bn with an…

SLT & Mobitel donate Rs. 50 Million to Covid-19 Fund
BUSINESSCoronavirus Outbreak
byFastnewsMay 15, 2020

SLT & Mobitel donate Rs. 50 Million to Covid-19 Fund

(FASTNEWS | COLOMBO) – The Chairman, Board of Directors, representatives of the Management and Unions of Sri Lanka Telecom (SLT)…

Stock market rises for third consecutive day
BUSINESS
byFastnewsMay 15, 2020

Stock market rises for third consecutive day

(FASTNEWS | COLOMBO) – The Colombo Stock Exchange (CSE) closed for trading for the day on a positive note. S&P…

80% of alcohol users reduced consumption during COVID-19 outbreak – ADIC
BUSINESSLOCAL
byFastnewsMay 15, 2020

80% of alcohol users reduced consumption during COVID-19 outbreak – ADIC

(FASTNEWS | COLOMBO) – The Alcohol and Drug Information Centre (ADIC) in Sri Lanka conducting a study on the changes…

Lanka IOC reduces Petrol 92 prices
BUSINESSLOCAL
byFastnewsMay 14, 2020

Lanka IOC reduces Petrol 92 prices

(FASTNEWS | COLOMBO) – The Retail selling prices of Lanka Petrol 92 was revised from Rs.142 per litre to Rs.137…

Saudi Arabia triples VAT to support coronavirus-hit economy
BUSINESS
byFastnewsMay 12, 2020

Saudi Arabia triples VAT to support coronavirus-hit economy

(FASTNEWS | COLOMBO) – Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support…

Stock market closed for trading as S&P SL20 drops over 10 %
BUSINESS
byFastnewsMay 11, 2020

Stock market closed for trading as S&P SL20 drops over 10 %

(FASTNEWS | COLOMBO) – The Colombo Stock Exchange (CSE), which resumed trading today after a shutdown spanning for seven weeks,…

Pelwatte to explore continued local dairy self-sufficiency Post COVID-19
BUSINESS
byFastnewsMay 10, 2020

Pelwatte to explore continued local dairy self-sufficiency Post COVID-19

(FASTNEWS | COLOMBO) –  The local dairy industry leader, Pelwatte, has pledged to ensure continued exploration towards establishment of self-sufficiency…

Stafford and Inventive Polymers donates Face Shields to PHI Union & IDH – [IMAGES]
BUSINESS
byFastnewsMay 10, 2020

Stafford and Inventive Polymers donates Face Shields to PHI Union & IDH – [IMAGES]

(FASTNEWS | COLOMBO) – The sole authorized distributor of Honda in Sri Lanka; Stafford Motors has joined with its subsidiary,…

100% made in Sri Lanka cars by next year: Dilantha Malagamuwa
BUSINESS
byFastnewsMay 10, 2020

100% made in Sri Lanka cars by next year: Dilantha Malagamuwa

(FASTNEWS | COLOMBO) – Sri Lanka’s first-ever hundred per cent locally manufactured petrol and electric prototype cars would be launched…

CSE to reopen on Monday
BUSINESS
byFastnewsMay 9, 2020

CSE to reopen on Monday

(FASTNEWS | COLOMBO) – The Colombo Stock Exchange (CSE) is set to resume trading on Monday (11 May 2020) after…

Liquor stores and meat shops closed for 3-days
BUSINESSLOCAL
byNews EditorMay 5, 2020May 5, 2020

Liquor stores and meat shops closed for 3-days

(FASTNEWS | COLOMBO) – All liquor stores, abattoirs and meat shops, casinos and nightclubs will remain closed for 3-days from…

SriLankan Airlines to bring Lankan students in UK, Australia
BUSINESSLOCAL
byNews EditorMay 2, 2020May 2, 2020

SriLankan Airlines to bring Lankan students in UK, Australia

(FASTNEWS | COVID-19) – SriLankan Airlines is to operate repatriation flights to bring Sri Lankan students from London in the…

More Indonesians leave Sri Lanka
BUSINESSLOCAL
byNews EditorMay 2, 2020

More Indonesians leave Sri Lanka

(FASTNEWS | COVID-19) – More Indonesians left Sri Lanka in a special flight organised with the assistance of the Indonesian…

Locally manufactured milk powder prices increased
BUSINESSLOCALTOP STORY 3
byNews EditorMay 2, 2020May 2, 2020

Locally manufactured milk powder prices increased

(FASTNEWS | COVID-19) – The Consumer Affairs Authority has granted approval to increase the prices of local milk powder to…

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