Category: BUSINESS
Strong Growth for Sri Lankan Telcos, Despite Higher Taxes: Fitch
Fitch Ratings said Sri Lanka Telecom rating of B+/Negative/AAA(lka)/Stable and Dialog Axiata PLC AAA(lka)/Stable will remain steady despite higher taxes ... Read More
Dollar Near Seven-Month High as Euro Slides, Asia Slips on Weaker Oil
Asian stocks slipped on Friday with a fall in crude oil prices dampening investor risk sentiment, while the dollar hovered ... Read More
Cloud Rise Helps Microsoft top Earnings Expectations
US software colossus Microsoft on Thursday (Oct 20) reported a slip in quarterly profit but still topped expectations due to ... Read More
UNDP Allocates USD 38mn to Support dry zone Communities in Sri Lanka
The United Nations Development Programme announced the commencement of a 38.1 million dollar project under the Green Climate Fund to ... Read More
Sri Lanka to Develop IT Platform for Tea With Rs220mn
Sri Lanka is to introduce an industry-wide and real-time IT solution to integrate functions associated with tea in order to ... Read More
Oil Prices Rise over 2%; US Crude at 15-Month High
Oil prices rose more than two percent on Wednesday (Oct 19), with US crude settling at its highest in 15 ... Read More
Yahoo Boosted by Profits Rise as Verizon Reviews Hacking impact
Yahoo's profits more than doubled in the last three months, a boost for the beleaguered firm whose plan to sell ... Read More
Sri Lankan Rupee Falls on Importer Dollar Demand
The Sri Lankan rupee fell on Tuesday on importer dollar demand in the absence of central bank intervention, said dealers. ... Read More
Sri Lankan rupee steady for third session; stocks down
The Sri Lankan rupee was steady for a third straight session on Monday as dollar demand from importers offset exporter ... Read More
Monetary Board Considers Interim Report on Primary Dealers
The Monetary Board, at a special meeting on Friday, considered an interim report on the operations of primary dealers, including ... Read More
Asia stocks, Dollar Edge up on China Inflation Data Relief
Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data ... Read More
Sri Lankan Rupee Steady; Importer Dollar Demand Offsets Exporter Sales
The Sri Lankan rupee traded steady on Friday for a second straight session as dollar demand from importers offset exporter ... Read More
Samsung Forecasts Further US$3b Profit Loss
Samsung on Friday (Oct 14) estimated that the crisis over its exploding flagship Galaxy Note 7 smartphones would cost the ... Read More
Sri Lanka Wants to Move up 40 Steps in Ease of Doing Business
Sri Lanka is expected to reach 60th or a higher place in the world ease of doing business index in ... Read More
China Overtakes US Again as World’s Top Crude Importer
China imported record volumes of crude oil last month, eclipsing the United States as the world's top buyer of foreign ... Read More