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Lanka Business Online

Prime Group sets benchmark for real estate industry 2020-05-21 09:17:15Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A

COVID-19: Human development on course to decline this 2020-05-21 02:54:08May 21, 2020 (LBO) – Global human development – which can be measured as a combination of the world’s education, health and living s

HNB Finance completes successful CSE listing 2020-05-21 02:43:48May 21, 2020 (LBO) – HNB Finance a financial services provider, announced that the company’s shares are now listed on the Colombo Stock Ex

S&P lowers Sri Lanka’s credit rating to ‘B-’ 2020-05-21 02:38:42May 21, 2020 (LBO) – Rating agency S&P has lowered Sri Lanka’s long-term sovereign credit rating to B- from B, with a stable outlook,

Ad agency’s utilise modern business model geared for 2020-05-21 02:26:41News Publisher and Quire Sri Lanka, Business models geared towards managing agile working staff better equipped to manage COVID-19 lockdown For most S

Commercial Bank reduces lending rates of loans, leases, 2020-05-21 02:04:27May 21, 2020 (LBO) – The Commercial Bank of Ceylon has announced a reduction of lending rates across the board in response to the present needs

Fitch affirms & withdraws National Savings Bank’s ratings 2020-05-20 10:09:14May 20, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank’s (NSB) Long-Term Issuer Default Ratin

Ceylon Chamber proposes multi-sectoral approach for economic revival 2020-05-20 03:54:15May 20, 2020 (LBO) – The Ceylon Chamber of Commerce has submitted its multi-sectoral proposals to the Task Force for Economic Revival and Povert

I will not allow anyone to exert undue 2020-05-19 10:58:27May 19, 2020 (LBO) – President Gotabaya Rajapaksa says that he will not hesitate to withdraw Sri Lanka from international bodies or organization

Sri Lanka explores SWAP facilities with regional Central 2020-05-19 10:32:36May 19, 2020 (LBO) – Sri Lanka is in the process of exploring SWAP facilities with regional central banks, while arrangements are also being mad

HNB operating profit down by 13.5-pct, PAT up 2020-05-18 09:39:42May 18, 2020 (LBO) – The operating profit of Sri Lanka’s Hatton National Bank (HNB) before VAT and taxes declined by 13.5% to Rs 4.2 Bn co

Sri Lanka’s Cinnamon Life construction resumes 2020-05-18 07:52:50May 18, 2020 (LBO) – Colombo’s iconic landmark and the single, largest, private mixed development investment in Sri Lanka, Cinnamon Life b

Trading Economics

Sri Lanka Coronavirus Recovered 2020-05-14 22:27:00Sri Lanka recorded 445 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Sri Lanka report

Sri Lanka Coronavirus Deaths 2020-05-14 22:26:00Sri Lanka recorded 9 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Sri Lanka reported 91

Sri Lanka Coronavirus Cases 2020-05-14 22:24:00Sri Lanka recorded 915 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Sri Lanka reported 9

Sri Lanka Three Month Interbank Rate 2020-05-14 02:06:00Sri Lanka Three Month Interbank Rate was at 7.06 percent on Thursday May 14. Interbank Rate in Sri Lanka averaged 11.57 percent from 2000 until 2020,

Sri Lanka Balance of Trade 2020-05-12 08:54:00Sri Lanka recorded a trade deficit of 730 USD Million in January of 2020. Balance of Trade in Sri Lanka averaged -530.99 USD Million from 2003 until 2

Sri Lanka - Credit Rating 2020-05-12 06:15:00Standard & Poor's credit rating for Sri Lanka stands at B with negative outlook. Moody's credit rating for Sri Lanka was last set at B2 with und

Sri Lanka Tourist Arrivals 2020-05-11 10:32:00Tourist Arrivals in Sri Lanka decreased to 0 in April from 71370 in March of 2020. Tourist Arrivals in Sri Lanka averaged 53458.42 from 1977 until 20

Deposit Interest Rate in Sri Lanka 2020-05-09 06:18:00Deposit Interest Rate in Sri Lanka decreased to 5.50 percent in May from 6 percent in April of 2020. Deposit Interest Rate in Sri Lanka averaged 9.22

Sri Lanka Cash Reserve Ratio 2020-05-09 06:18:00Sri Lanka Cash Reserve Ratio was at 4 percent on Friday May 8. Cash Reserve Ratio in Sri Lanka averaged 8.32 percent from 1999 until 2020, reaching an

Sri Lanka Standing Lending Facility Rate 2020-05-08 05:12:00Lending Rate in Sri Lanka decreased to 6.50 percent in May from 7 percent in April of 2020. Lending Rate in Sri Lanka averaged 10.34 percent from 1999

Sri Lanka Interest Rate 2020-05-08 05:12:00The benchmark interest rate in Sri Lanka was last recorded at 5.50 percent. Interest Rate in Sri Lanka averaged 7.77 percent from 2003 until 2020, rea

Sri Lanka Capacity Utilization 2020-05-05 19:13:00Capacity Utilization in Sri Lanka remained unchanged at 81 percent in 2018 from 81 percent in 2017. Capacity Utilization in Sri Lanka averaged 79.64 p

Reuters: Business News

Dozens of Chinese companies added to U.S. blacklist 2020-05-22 19:20:48The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighu

Wall Street Week Ahead: Investors look beyond drug 2020-05-22 19:04:46Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical

Uber customer claims company won price-fixing suit because 2020-05-22 18:59:25An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arb

U.S. charges ousted Hollywood executive with defrauding pandemic 2020-05-22 18:48:27U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief progra

United Airlines CEO Kirby's annual base salary lower 2020-05-22 18:12:45United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prio

Hertz preparing to file for bankruptcy as soon 2020-05-22 18:03:23Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement w

Explainer: How ending Hong Kong's 'special status' could 2020-05-22 17:53:19New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony's "special status" under

U.S. agencies ask FCC to rescind Ligado spectrum 2020-05-22 17:31:40A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Net

Business groups push Trump to keep skilled-worker visas 2020-05-22 16:55:57A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning

Automaker trade backs U.S. on effort to weaken 2020-05-22 16:40:03A group representing many major automakers on Friday backed the Trump administration's decision to weaken Obama administration fuel efficiency standa

Wall Street ends mixed as China-U.S. tensions weigh 2020-05-22 16:39:41Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertai

Delta to provide care kit containing masks to 2020-05-22 16:24:50Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit contain

UN News Centre - Economic

Guterres encourages Member States to reach agreement over 2020-05-19 16:38:40UN chief António Guterres is encouraging Egypt, Ethiopia and Sudan to persevere with efforts to overcome their differences and reach agreement

WHO countries agree 'equitable and timely access' to 2020-05-19 16:15:00The World Health Organization (WHO) concluded the annual World Health Assembly on Tuesday, adopting a resolution that calls for an independent re

Post-pandemic ‘green shift’ in transport could create up 2020-05-19 11:11:05Transforming the transport sector to be more environmentally-friendly in the aftermath of the COVID-19 pandemic, could create up to 15 million new job

UN chief renews call for COVID-19 solidarity as 2020-05-18 11:09:03A “massive” and combined effort by all countries is needed to tackle the COVID-19 pandemic, UN Secretary-General António

Cultivating a taste for traditional crops in Hawaii 2020-05-16 18:35:05Hundreds of millions of people go hungry around the world, and there are fears the COVID-19 pandemic could make matters worse. In Hawaii, researchers

Workers and COVID-19: Access to healthcare, now ‘a 2020-05-14 16:46:09The spread of COVID-19 in developing countries has exposed gaps in social protection coverage which could compromise recovery plans, expose millions o

Coronavirus ‘grim reality’: World economy to shrink by 2020-05-13 16:47:24Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion

Universal basic income the right prescription for Latin 2020-05-12 15:27:23A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure im

Moving towards 100% renewable power in Hawaii (with 2020-05-10 08:15:06The US island state of Hawaii has committed to generating 100 per cent of its power using renewable energy by 2045, demonstrating to other US states a

Ensure city poor and vulnerable are fed, amidst 2020-05-10 00:30:08The UN food agency, FAO, warns that hunger and fatalities could rise significantly in urban areas, without measures to ensure that poor and vulnerable

First Person: Fashionable face masks, creativity and dressing 2020-05-09 08:35:06A fashion designer and stylist in New Orleans, one of the early epicentres of the COVID-19 outbreak in the United States, has said that she was left &

Senior UN official calls for universal basic income 2020-05-06 06:25:07The COVID-19 pandemic is not only a health crisis, but it is also proving to be an economic disaster for huge numbers of people worldwide. A senior UN

BBC News - Business

Coronavirus: World Bank warns 60m at risk of 2020-05-19 23:51:46The financial impact of the coronavirus is hitting poor nations hard and destroying millions of livelihoods.

Coronavirus lockdown: The Indian migrants dying to get 2020-05-19 19:11:49Many poor Indians, fleeing hunger in locked down cities, have died of exhaustion or in accidents.

Johnson & Johnson to stop selling baby powder 2020-05-19 19:03:57The healthcare giant faces thousands of lawsuits from consumers claiming talc caused their cancer.

Facebook Shops: Online stores open on Facebook and 2020-05-19 13:35:37From brand pages to live streams, Facebook is rolling out new shopping features across its apps.

EasyJet admits data of nine million hacked 2020-05-19 12:58:53The attack was "sophisticated" the airline said, adding that some credit card details had been accessed.

Coronavirus: No guarantee of quick economic bounceback, warns 2020-05-19 12:46:44Chancellor Sunak says a swift UK economic recovery is "not obvious", as jobless claims soar in April.

Mirrors and garden shears prices set to fall 2020-05-19 11:38:07The government said it has removed import levies on items worth more than £30bn.

Coronavirus: UK tourism boss backs call for 'air 2020-05-19 09:22:34Air bridges would allow visitors from low-risk countries into the UK without having to quarantine.

Coronavirus: Bosses' bonuses banned in exchange for virus 2020-05-19 05:53:27The Treasury and the Bank of England will restrict company payouts for firms seeking taxpayer funds.

Thai Airways saved from the brink by government 2020-05-19 04:24:24Thailand's national carrier had been waiting for the government to approve its restructuring plan.

Oil on stormy market waters 2020-05-19 03:41:47.

Nasdaq to tighten rules amid concerns over Chinese 2020-05-19 02:55:36The move comes as tensions rise between there US and China and the Luckin Coffee scandal.

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