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Economy
William Angliss Institute @ SLIIT – The Place for Aspiring Hoteliers to Gain World Class…
(COLOMBO, Sri Lanka) - William Angliss Institute @ SLIIT hosted a networking and awareness event for media representatives and other stakeholders to provide awareness about the range of courses and programs offered by the institute whilst…
Sri Lanka to enhance trade relations with South Asia, South East Asia and East Asia
In a bid to expand supply capacity and broaden market access, the government of Sri Lanka has decided to actively deepen its integration with South Asia, South East Asia and East Asia.
This multifaceted growth strategy aims to propel the…
Stock market indices record significant gains today
Indices at the Colombo Stock Exchange (CSE) recorded significant gains today (Oct. 20).
Thereby, the All Share Price Index (ASPI) was up by 260.11 points (2.46%) to close at 10,850.53 points, while S&P SL20 increased by 106.92 points…
Fitch affirms ratings on 7 Sri Lankan insurers, removes negative watch
Fitch Ratings has affirmed the National Insurer Financial Strength (IFS) Ratings of several Sri Lankan insurers and removed them from Rating Watch Negative (RWN). The outlook is ‘Stable’.
The insurers are:
- Sri Lanka Insurance…
Oil prices jump as Middle East violence rattles markets
Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies.
Brent…
“Massive government investment needed to shift to EV” – EU Ambassador HE Denis Chaibi
The Ceylon Motor Traders Association (CMTA), the senior most automotive association in Sri Lanka, recently held another CMTA Stakeholder Breakfast Forum at the Hilton Colombo Residencies. The event was graced by His Excellency Denis…
Fitch downgrades Sri Lanka’s Long-Term Local-Currency IDR
Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’.
The ratings on its local-currency bonds tendered in the domestic debt exchange have been…
Apple rolls out iPhone 15, watches with ‘double tap’ feature at flagship event
Apple on Tuesday took the wraps off newer variants of some of its best-selling devices against the backdrop of flagging discretionary spending and expanded curbs on its flagship iPhone in China.
The world’s most valuable listed company…
JAAF welcomes the Government’s decision to defer removal of SVAT
The Joint Apparel Association Forum (JAAF) welcomes the recent cabinet approval for the deferment of the Simplified Value-Added Tax (SVAT) scheme, set to now take effect from April 1st, 2025. JAAF is particularly appreciative of the…
GFlock 4th Branch will be opened on 15th Of September at Delkada, Nugegoda.
The chairman of GFlock Mr. Ranil Villaddarage, said that which is the number one brand of ready-made garments both locally and internationally, will open the fourth branch in the country on September 15th at Delkada, Nugogoda.
GFlock…