Global stock markets plunge on coronavirus fears
BBC – Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about economic slowdown. In the US, the…
Inflation increased in January 2020
Headline inflation as measured by the year on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6% in January 2020 from 6.2% in December 2019. This…
HUTCH announces completion of its island-wide network coverage expansion and 4G roll-out
Unveiling a pivotal achievement post its strategic acquisition of Etisalat Lanka (Pvt) Ltd., in 2018, Hutchison Telecommunications Lanka (Pvt) Ltd, today announced the successful completion of the merger between the…
Huawei launches TECH4ALL in Sri Lanka, assures committed to work towards Digital Inclusion
Huawei, leading global information and communications technology solution provider, recently launched company’s new initiative, Tech4ALL in Sri Lanka, to promote the digital inclusion for both individuals and small businesses by…
UL eyes Airbus payback
Sri Lanka Airlines (SLA) is in consultation with the Attorney General’s (AG) Department to initiate legal action to recover the maximum possible amount in compensation from Airbus company which is…
Dialog Axiata Signs USD 250Mn Investment Agreement with BOI
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements…
Coronavirus dampens Sri Lanka manufacturing and service activity in Jan
Sri Lanka’s industrial and service sectors grew at a slower pace in January from December on the coronavirus outbreak in China, the central bank said in the Purchasing Managers’ Index…
Hambantota Port observes employees returned from China before epidemic broke
With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and…
New Management Head at Lotus Towers assumes duties
Retired Major General Prasad Samarasinghe assumed duties as the Head of Management at the Lotus Tower (Feb 14). After 35 yearlong service in Sri Lanka Army, he had served in…
Hemas Holdings see Sri Lanka consumer recovery, net down 4.9-pct in Dec
Sri Lanka’s Hemas Holdings, which has interests in consumer, healthcare, logistics and leisure said there was recovery in consumer demand through group profits were down 4.9 percent from a year ago…