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Warns brands may move to alternate production locations Industry bracing for 20% reduction in orders, export earnings to take a hit Amid rising apprehension of a global economic recession and resulting softening of international consumer demand, Sri Lanka’s Joint Apparel Association Forum (JAAF) reiterated its demand for systemic economic and political reforms to restore stability, […]
Records PAT of Rs. 1.5 billion Lanka Hospitals Corporation PLC concluded another successful quarter by recording strong performance with an impressive growth in its turnover and further strengthening the group’s financial position in the quarter ended 31st March 2022. The hospital group recorded Rs. 2.8 billion in turnover compared to Rs. 2.2 billion recorded in […]
In 2022, Emirates completes 35 years of connecting the Maldives, one of the most popular and sought-after destinations in the Indian Ocean, to the world. The island nation also celebrates 50 years of organised tourism this year, catering to a growing customer base in the region witnessing an influx of tourists as travel restrictions ease. […]
The Parliamentary Council decided on May 27 to concur with recommendation to appoint career banker Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL).Fonseka has previously served as a member of the Monetary Board more than one time. The decision to appoint Fonseka was taken at a […]
Says challenges likely to persists over the short term People’s Bank yesterday announced the results for the quarter ended March 31, 2022 with consolidated total operating income growing by 51.9% to reach LKR 42.6 billion, whilst total operating expenses increased by only 0.3% to LKR 13.1 billion despite inflationary pressures; reflecting sound cost control and […]