Business | Sunday Observer

Business

S. R. Attygalle
No authorisation for Port City to go beyond existing laws
Only tax exemptions will be offered - Treasury Secretary
There will be only tax exemptions and investment facilitation granted to the Port City through the legislation which in no way would permit the city to function beyond the existing laws of the country, said Treasury Secretary S.R. Attygalle rebuffing claims by the Opposition that the Colombo Port City Economic Commission Bill would pave the way for the port city to...
18 April, 2021
Subscribe to Business
Concessional financing is not without controversy - Report
Explicitly evaluating whether loans are concessional or adverse considering the combined consequence of the grant element and cost escalation on the tied element/unsolicited proposal would be advantageous for Sri Lanka.  By contrast, at present only the grant element is evaluated, noted a research report by Verite Research titled Financing Infrastructure: the (Non)...
18 April, 2021 0
China’s economy grows 18.3% in post-Covid
China’s economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in gross domestic product (GDP) since China started keeping quarterly records in 1992. However, Friday’s figures are below expectations, with a Reuters poll of economists predicting 19% growth. They are also heavily skewed, and less indicative of...
18 April, 2021 0
Urgent intervention vital to stabilise falling rupee - Economists
Urging swift action by the monetary authorities to arrest the weakening trend of the Sri Lankan Rupee economists and financial analysts said unless speedy steps are taken the rupee will plunge further making debt repayment and servicing imports impossible. Financial experts said the US Dollar strengthening is not an excuse to get away from the issue. Measures to spur...
18 April, 2021 0
Manufacturing goods up last month
There was a strong revival in manufacturing goods in the country. The manufacturing PMI reached a nine-month high at 67.0 last month. This was largely attributable to the increases in production, new orders, and stock of purchases sub-indices. The significant increases in New Orders and Production sub indices, particularly in the manufacture of food and beverages and...
18 April, 2021 0

Business

Asia, world’s most expensive region for the wealthy
Asia continues to be the most expensive place in the world to be rich, according to a new report, which saw the region’s...
A cane product seller in Minuwangoda
With the setting up of a State Ministry to develop the cane and other rural industries, the people engaged in the industry look...
Oil prices surge
(Bloomberg) --Oil jumped the most since late March with declining U.S. crude stockpiles and rising fuel demand providing the...
International travel getting easier
Travelling abroad is getting less complicated for vaccinated travellers.  A growing list of countries is reducing or...
Weaker economic recovery in Southeast Asia - IMF
SINGAPORE — The International Monetary Fund (IMF) downgraded its forecasts for several Southeast Asian economies even as it...
Connect your employees with your brand mission
Companies make large investments in building brands through an integrated communication strategy – quite rightly so, as...
Avurudu awakening amid an awful pandemic
We just witnessed a better Avurudu this year, amid the Covid-19 pandemic. We were home-locked last year and celebrating the...
NDB Group hosts “Financing for Transformation”
NDB Investment Bank Limited and the National Development Bank PLC conducted a knowledge sharing session recently, providing a...
Maintaining retail sales momentum in the post-festive phase
Every year, early April is the biggest season for Sri Lankan retailers when the majority of the revenue is generated. The...
Smoking, poverty and the economy
The case for stronger tobacco control policies
The negative health effects of tobacco consumption are well established and confirmed by numerous sources. Tobacco has been found...
Lanka’s health financing challenge: why smarter spending is key
Across the globe, the magnitude of the COVID-19 pandemic has sparked a new urgency around healthcare systems and universal health...
DSI Tyres wins NCE Export Award
DSI tyres, the flagship brand of Samson Rubber Industries (Pvt) Ltd. proved its excellence again being the  recipient of the...
LexDuco marks 10th anniversary
LexDuco marked its 10th anniversary in providing total construction solutions with an event for staff members and guests in...
JF&I Packaging wins Bronze
JF&I Packaging (Pvt) Ltd, was the only award-winning entity in the packaging sector, extra-large category, winning a bronze...
Premier Ceylon unveils honey tea
Premier Ceylon Teas and Spices (Pvt) Ltd has introduced one of the world’s first hand made ‘honey teas’ to the market opening up...
Everyone knows HR
TFC depositors: Additional compensation payment begins
The payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme for depositors or legal...
Bio Extracts wins Bronze Award
CNCI Achiever Awards 2020
Bio Extracts (Pvt) Ltd. won the Bronze Award at  Ceylon National Chamber of Industry Achiever Awards 2020 at Hotel Galadari...
Double win for ComBank
The Commercial Bank of Ceylon has won the awards of ‘Best Bank for Small and Medium Enterprises’ and ‘Best Bank for Corporate...
Coffeehouse opened at Excel World
The Brick Lane Coffeehouse which was launched at the Excel World Entertainment Park recently, serves an array of cakes, bakes and...
EY conducts seminar on stress testing and risk measurement
Ernst and Young in Sri Lanka (EY), conducted an informative half-day training session for officials of all Licensed Commercial...
State Finance Minister meets Oman’s Deputy PM
State Minister of Money and Capital Market and Public Enterprise Reforms, Ajith Nivard Cabraal met and the Deputy Prime Minister...
Swarnamahal Financial Services: CB suspends business
The Monetary Board of the Central Bank of Sri Lanka (CB) has suspended the business of Swarnamahal Financial Services PLC (SFSP...
Aitken Spence bags highest number of awards
Aitken Spence PLC won 12 awards, the highest number of awards received by a single company at the Best Corporate Citizen...
Ceylon Leather Products opens refurbished store
The refurbished flagship store of Ceylon Leather Products PLC, the manufacturers of  Di brand leather goods, was  ...
Virtusa sponsors virtual IEEE Sri Lanka robotics workshop
SOUTHBOROUGH, Massachusetts – Virtusa Corporation sponsored the first in a series of ‘Workshop’ branded events organized by IEEE...
Asian Chemicals unveils nutritional drink mix
Asian Chemicals and Foods (Pvt) Ltd has launched the Promalt range of Nutritional Drink Mix (Nutraceuticals), a nutritionally...
DFCC Bank supports Royal International School
The Covid-19 pandemic continues to leave its mark on our lives, businesses, and the Sri Lankan economy.Slowly but steadily we...
EFC hosts forum on “IT-integrated remote work culture”
The first edition of the HR/IR Forum for 2021 of the Employers’ Federation of Ceylon (EFC) was held recently on the theme “IT-...
HNB teams up with Hayleys Agri
Sri Lanka’s leading private sector bank HNB PLC, renewed its partnership with leading agricultural machinery and equipment...
Sampath Bank hosts Central Bank’s ‘MatarataQR’ event
Sampath Bank PLC recently hosted the Central Bank of Sri Lanka’s (CBSL) MatarataQR event,  to drive awareness and increase...
Union Assurance extends partnership with Nations Trust Bank
Union Assurance (UA) extended its long-term partnership with Nations Trust Bank (NTB) for five more years, in a strategic move to...
Lanka Hydraulic Institute bags Gold award
Lanka Hydraulic Institute (LHI), a provider of engineering solutions to the global marketplace bagged a Gold award at the 28th...
Forex markets (Week ended April 16, 2021)
In Forex markets, the USD/LKR rate on spot contracts was seen trading within a range of Rs.192.00 to Rs.199.95 before closing the...
Government Securities Market (Week ended April 16, 2021)
The activity in the secondary bond market was at a standstill during the shortened trading week ending April 16, 2021 while...
The Bourse Weekly Performance (Week Ended 16th April 2021)
Weekly Performance of Indices
Exchange Rates

Advertorial

“Using LG Inverter A/C costs less than a cup of tea per night”
Using a LG Dual Cool Inverter Air Conditioner in your home will cost you lower than the price of a cup of tea...
CBL Group named Sri Lanka’s Best Corporate Citizen in Sustainability for 2020
The CBL Group was awarded first place at the recently held 17th Annual Best Corporate Citizen Sustainability...
BOC among Top Ten Corporate Citizens
The “Best Corporate Citizen Sustainability” Awards 2020 recognized the Bank of Ceylon (BOC) as one of the “...
SLMFIA welcomes ban on scrap metal export
The SLMFIA in a media release has thanked the Minister of Industries, Wimal Weerawansa for banning the export...
Oppo launches Avurudu song to spread seasonal cheer
Mobile devices and accessories Brand, Oppo, recently launched an Avurudu jingle ahead of the Sinhala and...
Seylan Bank hosts Webinar for SMEs on taxation and benefits
Seylan Bank recently hosted its latest webinar for Small and Medium Enterprises (SMEs) titled, “Taxation for...
Ceylinco Life’s Family Savari reaches mid-point with Draw 3
Tidings of a gold rush of sorts have reached families in Matara, Piliyandala, Baddegama, Moratuwa,...
S-lon facilitates nation-wide tree planting initiative
S-Lon Lanka (Pvt) Ltd, in partnership with its sister-company News 1st and the Sri Lanka Scouts’ Association...

Produced by Lake House. Copyright © 1995 - 2021 The Associated Newspapers of Ceylon Ltd.