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HNB operating profit down by 13.5-pct, PAT up due to tax concessions

May 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 coRead More

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New mechanism to repatriate Sri Lankans 2020-05-26 09:52:07May 26, 2020 (LBO) – A new mechanism is to be formulated to repatriate Sri Lankans who are stranded or faced with various difficulties in the wa

Thailand Prime Minister leads National committee to promote 2020-05-26 09:02:47May 26, 2020 (LBO) – A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate

Proposal to reopen Airports for tourists from August 2020-05-26 08:47:36May 26, 2020 (LBO) – The Task Force Committee entrusted with COVID – 19 control proposed to President to reopen airports for foreign touri

Seychelles HC clarifies on the arrival of 35 2020-05-26 06:46:07STATEMENT from SEYCHELLES HIGH COMMISSION On behalf of the Government of Seychelles, we wish to place on record our gratitude to the Government of Sri

Opinion: Building a resilient food system in Sri 2020-05-26 04:12:10Manoj Thibbotuwawa COVID-19 is dealing an unprecedented blow to economies around the globe and the health risk is only the tip of the iceberg. Among t

Commercial Credit appoints D Soosaipillai as new Chairman 2020-05-26 03:37:27May 26, 2020 (LBO) – D Soosaipillai, a pioneer in the leasing and financial services industry both in Sri Lanka and overseas was recently appoin

Curfew only between 10 pm to 4 am 2020-05-25 07:34:07May 25, 2020 (LBO) – Curfew will be effective only between 10 pm to 4 am daily in all the districts in the island from tomorrow onwards until fu

SLT clarifies situation regarding recent cyber attack on 2020-05-25 05:51:08May 25, 2020 (LBO) – SLT says that they have detected an attempt of a cyber-attack, which has affected only a section of their internal IT syste

VIDEO: How do virus tests like PCR actually 2020-05-25 02:35:33A new virus emerges and spreads like wildfire. In order to contain it, researchers must first collect data about who’s been infected. Two main v

Sri Lanka seeks USD1.1bn special SWAP facility from 2020-05-24 03:12:23May 24, 2020 (LBO) – President Gotabaya Rajapaksa yesterday asked Indian Prime Minister Narendra Modi to help Sri Lanka by providing a special S

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

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

Nissan plans big cuts to go small after New! 2020-05-28 10:28:45Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in pro

U.S. weekly jobless claims still elevated; core capital New! 2020-05-28 10:27:21The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local

Citigroup looks to reopen NY headquarters to some New! 2020-05-28 10:22:37Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even

Trump executive order takes aim at social media New! 2020-05-28 10:21:02U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Alphabet's Google from being respon

If Trump kicks out Twitter, there's always Germany New! 2020-05-28 10:21:02If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.

S&P 500 holds steady at near 3-month high New! 2020-05-28 10:18:21U.S. stocks were largely flat on Thursday, with the S&P 500 holding at near three-month highs as investors paused after a three-day rally, weighin

Nissan workers protest against closure of Barcelona plant New! 2020-05-28 10:17:42Hundreds of workers burning tyres and shouting "war" blockaded Nissan Motor Co's Barcelona plant on Thursday after the Japanese carmaker announced

Spain says will try to convince Nissan to New! 2020-05-28 10:17:09Spain will do everything it can to overturn Nissan's decision to close its Barcelona plant, Foreign Minister Arancha Gonzalez Laya told Reuters in a

Exclusive: Nissan settles dispute with Indian state over New! 2020-05-28 10:03:52Nissan Motor Co has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 mi

Oil prices steady, awaiting confirmation of surprise U.S. New! 2020-05-28 09:27:29Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offse

Despite rally, 2020 to be worst year for New! 2020-05-28 09:11:55This year will be the worst for many world stock markets in nearly a decade at least, although a majority of equity strategists polled by Reuters say

Exclusive: UK retailer Debenhams cuts 'hundreds' of head New! 2020-05-28 09:05:19British department store group Debenhams has cut "hundreds" of head office jobs as it slims down its administrative functions to support a smaller b

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

Travel firms say quarantine plan must be scrapped New! 2020-05-28 01:00:27More than 70 industry bosses say a 14-day quarantine will put visitors off coming to the UK.

Trump to 'sign executive order about social media' New! 2020-05-27 23:07:04The latest dispute comes after Twitter added fact-check links to the president's tweets for the first time.

How Covid-19 scared off Little Tummy's investors New! 2020-05-27 19:23:03How a fast-growing baby food firm saw investors pull out because of the Covid-19 crisis.

Coronavirus: Vending machine mum's perfect money lesson New! 2020-05-27 19:02:00Nurse Sarah Balsdon bought a vending machine, filled it with snacks, then paid her children for chores.

Charity shops fear deluge of donations when they New! 2020-05-27 19:01:51Lockdown has inspired mass clear outs but charities ask customers to be selective with donation.

Boeing job cuts start to hit nearly 13,000 New! 2020-05-27 17:52:41A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis.

Meng Wanzhou: Huawei executive suffers US extradition blow New! 2020-05-27 16:59:25A Canadian court has ruled that the extradition hearing of Meng Wanzhou can continue.

Coronavirus: Von der Leyen calls €750bn recovery fund 2020-05-27 12:48:04A giant fund is proposed, some of it raised on capital markets, but several countries express doubts.

UK furlough scheme now covers 8.4 million workers 2020-05-27 12:26:49The scheme to pay wages of workers on leave because of coronavirus has now cost £15bn.

Twitter tags Trump tweet with fact-checking warning 2020-05-27 10:49:28It is the first time the social media giant has said one of Donald Trump's tweets could be misleading.

Coronavirus: Young could be scarred throughout working life 2020-05-27 08:10:13UN agency the International Labour Organisation warns of potential "lockdown generation".

Coronavirus: 'Short-lived' rebound in house hunter demand 2020-05-27 04:09:16Buyer demand leapt when curbs on the sector were lifted in England, but may not last long-term, analysis says.

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