US Slaps ‘America First’ Tariffs On Washing Machines And Solar Panels
The US has approved controversial tariffs on imported washing machines and solar panels. The move is in line with President…
Category: BUSINESS
Sri Lanka Inflation Dips To 7.3-Pct In December 2017
The overall rate of inflation as measured by National Consumer Price Index (NCPI) on year on year basis was down…
Ministries Won’t be Taken Over by President – Harsha
President Sirisena had said at an election rally over the weekend while the United National Party was running the economy…
Sri Lanka Bonds Yields Up, Stock Open Lower After Presidential Bombshell
Sri Lanka bonds yield moved up while stocks opened lower after an apparent presidential threat to take-over economic management the…
Oil Gives Up Early Gains, But Market Still Well Supported
Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported…
Sri Lanka Seeks To Modify Performance Criteria; EFF Broadly On Track: IMF
Sri Lanka’s performance under the Extended Fund Facility (EFF) program has remained broadly on track despite a series of weather-related…
Sri Lanka to Build Its First Ever Pharmaceutical Manufacturing Zone
State Pharmaceutical Manufacturing Corporation and Pharma Zone Private Limited is to sign an agreement to build the first ever exclusive…
Banking sector to provide 25-pct average return over 1-Year: FC Research
First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving GDP…
Legislation For the Colombo International Financial City Before Parliament in March
Legislation for the Colombo International Financial City is expected to be brought before Parliament in March 2018, top officials revealed…
Ministerial Committee on SriLankan Airlines to Meet Today
The Ministerial Committee on SriLankan Airlines is set to meet today with the resign offer of six members of the…
Oil Near Mid-2015 Highs On Strong China Data, Tighter 2018 Outlook
Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated…
Sri Lanka Govt Approves USD 1Bn Financial City Complex
The cabinet of ministers has given the go ahead to sign a Memorandum of Understanding (MOU) with CHEC Port City…
Srilanka Inflation to Remain High in 2018
Agriculture contraction slows Srilanka growth in 3rd quarter. Price controls reduce Srilanka September quarters company profits. Hence, Srilanka inflation is…
Sri Lanka GDP down to 3.3-pct in Q3
Sri Lanka’s Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower…
Disney Set To Seal $60bn 21st Century Fox Takeover
Walt Disney is close to confirming a deal to buy 21st Century Fox’s entertainment assets for about $60bn, reports say.…