Private sector borrowings in Sri Lanka during the first six months of 2015 have grown by Rs. 205 billion as compared to the same period last year, reveals latest date released by the Central Bank of Sri Lanka. During the first six months of 2014, private sector borrowings had dropped by Rs. 53 billion as…
India’s economy grew at an annual rate of 7% between April and June, official figures have shown. This is slower than the 7.5% growth recorded for the previous quarter, and lower than expected. India and China – which also posted 7% growth in the second quarter – are now the joint fastest growing major economies…
The Central Bank of Sri Lanka (CBSL) has decided to continue unchanged its policy interest rates which decide the interest rates of commercial banks. Thus, it would continue at the 6.00 and 7.50 per cent level. Meanwhile, the Monetary Board of the CBSL has decided to continue the Statuary Reserve Ration at 6.00 per cent….
Mariah Carey is not expecting her third child, despite reports to the contrary. A rep for the “We Belong Together” singer has responded to a rumor that the songstress is pregnant with boyfriend James Packer’s baby. ET has confirmed that Mariah, 45, is not with child. The pregnancy rumors began to swirl on Monday when…
At a time when developing countries are struggling with safe disposal of compact fluorescent lamps (CFLs), Sri Lanka is leading by example. Pitipana, a small town 35 km from the capital Colombo, is home to South Asia’s first CFL recycling plant, Asia Recycling. The plant is owned by Orange Electric, which has a local market…
Sri Lanka’s brand new motor vehicle importing companies have introduced a code of conduct to minimize the problems faced by tem and to enhance their images. This code of conduct was made public at the 95th annual conference of the Ceylon Motor Traders’ Association. Commenting on this venture, the association’s president Gihan Pilapitiya said that…
A biz delegation led by the Federation of Pakistan Chambers of Commerce and Industry, who arrived in the country on the 31st of August, ( Monday) will meet with the local business community on the 1st of September at the Ceylon Chamber of Commerce The Pakistani delegation comprises 20 members and they represents a diverse…
Latest data released by the Central Bank of Sri Lanka (CBSL) indicates that when compared to the same period last year, petrol sales in Sri Lanka during the first four months of this year has increased by 16.4 per cent or 34,000 metric tons after prices were reduced. During the first four months of this…
A giant step forward for the development of cruise tourism in Sri Lanka to be a 100,000 visitor arrivals source Sri Lanka tourism promotions bureau has invited Mr. John Tercek, Vice President of Royal Caribbean Cruises Ltd to visit Sri Lanka and address the business community of the 4 billion dollar industry said chairman Sri…
Italian energy group Eni says it has found one of the world’s largest natural gas fields off Egypt’s coast. The company said the area was 1,450m (4,757 feet) beneath the surface and covered 100 sq km (39 sq miles). It could hold as much as 30 trillion cubic feet of gas, or 5.5 billion barrels…
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