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Latest News

China’s yuan joins elite club of IMF reserve currencies

Monday, 03 October 2016 13:12

China’s yuan joins the International Monetary Fund’s basket of reserve currencies on Saturday in a milestone for the government’s campaign for recognition as a global economic power.

Airbus deal: SriLankan works out compromise

Sunday, 02 October 2016 13:22

The debt-ridden national carrier SriLankan Airlines has re-negotiated the termination of the three A 350 Airbus lease contract with one of the world’s largest airline leasing company, AerCap as they were not suitable for existing routes and too expensive to maintain, officials said.

4G for entire country using Google balloons

Sunday, 02 October 2016 08:18

The government plans to cover the entire country with a 4G network through the use of Google’s Project Loon.

2 US firms interested in SriLankan airlines: Minister

Thursday, 29 September 2016 14:44

Two global investment managers, US based BlackRock and TPG Capital, have shown interest in crisis-hit SriLankan Airlines which is looking for a partner, 'Lanka Business Online' reports citing a minister.

Perpetual Treasuries records over Rs.5bn profit from bond trading

Thursday, 29 September 2016 05:48

Perpetual Treasuries Limited, the controversial primary dealer connected to the family of the former Central Bank Governor, Arjuna Mahendran, has made an after-tax profit of Rs.5.1 billion for the year ended in March 31, 2016, increasing from Rs.959.5 million recorded a year ago, the financial results showed.

Commercial Bank starts Maldives operations

Tuesday, 27 September 2016 12:43

Sri Lanka’s Commercial Bank of Ceylon said its Maldivian unit, the Commercial Bank of Maldives, a joint venture with Tree Top Investments Maldives, started operations Monday.

Quantum of VAT payment to come down under new act

Monday, 26 September 2016 20:17

Despite increase in the rate from 11% to 15% Quantum of VAT payment will come down under the proposed amendment to VAT Act, Finance Ministry announced in a press release on Monday.

Central Bank’s 2 luxury building deals revealed

Monday, 26 September 2016 12:10

Details of Central Bank’s two luxury building deals in New York and Brazil have been revealed.

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