Oil falls as traders cash in after gains

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Oil prices fell over 1 percent on Monday as traders took profits after three weeks of gains and as a jump in the dollar...

ADB doubles assistance to Sri Lanka

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The Asian Development Bank (ADB) has doubled its multi sectoral assistance to Sri Lanka as a result of the merger of its two main...

Sri Lanka presents USD16 billion opportunity for private sector to invest in sustainable development

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The Standard Chartered SDG Investment Map 'Opportunity 2030' reveals an almost USD10 trillion (USD 9.668 trillion) opportunity for private-sector investors across all emerging markets,...

Shares end flat; LOLC helps erase early losses

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Sri Lankan shares ended steady on Monday, with big gains in Lanka Orix Leasing Company Plc erasing early losses as concerns over macroeconomic stability...

India accused of imposing unrealistic MIP on Sri Lankan pepper

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India has been accused of imposing an unrealistic Minimum Import Price (MIP) on Sri Lankan Pepper and Arecanuts resulting in negligible exports.The Management Committee...

Indian Bank ramping up overseas branches in Sri Lanka

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Public sector Indian Bank has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said."Our operations (in...

Automobile Component Manufacturers surpass 5,000 employment appointments in Western Province

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The brand-new component manufacturers have surpassed the granting of 5,000 new employment appointments in the Western Province over the past few months. This was...

Odel takes over popular clothing brand Cotton Collection

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Odel has taken over the popular clothing brand Cotton Collection, both companies announced.Odel, owned by the Softlogic group, said that it has taken over Cotton...

Jetwing Symphony Limited makes CSE trading debut

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Jetwing Symphony Limited rang the opening bell to commence trading and celebrate the listing of its shares as the first listing at the Colombo...

Twitter boss pledges $1bn for Coronavirus relief effort

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Jack Dorsey, the founder of Twitter and payment app Square, has said he will donate $1bn (£810m) towards efforts to tackle the coronavirus pandemic.According...