G-24 Technical Group Meeting Tomorrow
The two-day Technical Group Meeting of the G- 24 countries will be inaugurated by Finance and Mass Media Minister Mangala…
Category: BUSINESS
Sri Lankan Rupee Ends Firmer On Bank Dollar Sales
The Sri Lankan rupee ended slightly firmer on Wednesday as exporter dollar sales outweighed importer demand for the greenback on…
Oil Falls As Dollar Firms, U.S. Oil Output Expected To Rise
Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week…
Transshipments at Colombo Port up by 20.4-pct in January
Transshipment operations at the Port of Colombo have shown a significant increase in January this year against last year amid…
Thailand Requests Cabinet Approval for FTA with Sri Lanka
Sri Lanka is seen as an interesting market in South Asia, given its healthy economic growth average of 6.5% over…
ADB Gives USD 75mn For Lending to Sri Lanka’s Small Businesses
Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian…
Sri Lanka Rupee Hits Record Low On Heavy Dollar Demand – Dealers
Sri Lanka’s rupee hit a record low of 155.90 per dollar on Wednesday, on heavy demand for dollars from importers.…
Sri Lanka’s Industrial production up 4.3-pct in Dec 2017
Sri Lanka’s industrial production has increased by 4.3 percent in the month of December, 2017 compared to the same month…
Sri Lanka Tea Prices Up In January 2018
Sri Lanka’s tea prices at auctions in January averaged 640.05 rupees and shown a growth of 43.79 rupees from an…
Asian Shares Tumble After Dow Has Worst Day Since 2011
Asian shares and U.S. stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’…
Sri Lanka Eyeing Longer Talks With China On Free Trade Agreement
Sri Lanka wants a longer-time period to negotiate a free trade agreement with China as it is concerned about the…
Apple Sells Fewer Phones But Profits Rise
Apple sold slightly fewer iPhones in the final three months of 2017 than it did the year before, but higher…
Amazon 2017 Sales Jump By Nearly A Third
Online retailer Amazon saw sales jump by nearly a third last year, helped by growth in its Prime delivery service.…
Samsung Enters Crypto-Currency Chips Business
Samsung Electronics has revealed it is making chips designed specifically to harvest crypto-currency coins. The firm made the disclosure in its…
Oil Prices Fall For Third Day As U.S. Inventory Build-Up Weighs
Oil prices fell for a third day on Wednesday after data from an industry body showed U.S. crude stocks rose…