Business News Archives - Page 59 of 62

Oil Prices Remain Rangebound Despite Dramatic Week

CNL Reporter
November 9, 2024
Business News
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Despite a whirlwind news week that saw Donald Trump regain the U.S. presidency and

Dialog Axiata Rebounds in Q3, Delivering Growth in Core Revenue and Profitability

CNL Reporter
November 8, 2024
Business News
Dialog Axiata
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Dialog Axiata PLC announced, its consolidated financial results for the nine months ended 30th September 2024. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).

Chinese companies to construct nearly 2000 houses in Sri Lanka

CNL Reporter
November 8, 2024
Constructions
Chinese companies
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Chinese companies have been picked to construct nearly 2000 houses in Sri Lanka for low-income families under a Chinese Government funded program.

Sri Lanka rupee opens weaker at 292.68/75 to dollar, bond yields down

CNL Reporter
November 8, 2024
Business News
dollar, Sri Lanka rupee
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Sri Lanka’s rupee opened at 292.68/75 to the US dollar Friday, dealers said, from 292.55/65 Thursday, while bond yields were considerably down.

October tea sale averages slide

Sri Lanka’s national tea sales average for October declined to Rs. 1,172.15 (US$ 4.02) per kilogram, down by Rs. 35.84 and US$ 0.02 compared with September’s Rs. 1,207.99 (US$ 4.04), according to data from the Sri Lanka Tea Board.

India- Russia joint venture bid to manage China-built Mattala airport goes awry

CNL Reporter
November 8, 2024
Business News
India- Russia joint venture bid to manage China-built Mattala airport goes awry
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– Sri Lankan authorities not ready to grant licence for it over legal barriers, states top source – New government to decide on alternative model for development of the Airport only after General Election

Top banker Kavinda de Zoysa appointed new Chairman of Bank of Ceylon

The Bank of Ceylon (BOC) has announced the appointment of Kavinda de Zoysa as its new Chairman. With over 30 years of experience in the banking industry, including 25 years in management, de Zoysa brings extensive leadership expertise and a strategic vision to the role.

ADB optimistic about reforms but warns of limited room to manoeuvre

Expects new government to focus on a more equitable burden-sharing strategy protecting needy Observes positive signs of continuity in reform programmes and policies Its 2024-2028 Country Partnership Strategy aims achieving sustainable recovery

Sri Lanka surpasses 1.6 million tourist arrivals by October-end

Sri Lanka is on pace to surpass its ambitious goal of attracting 2.3 million tourists this year, marking significant growth from the over 1.4 million tourists it welcomed in 2023.

CPC to cancel permits given to illegally built fuel filling stations

CNL Reporter
November 5, 2024
Business News
CPC, fuel filling stations
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In the future, no opportunity will be provided to recover expenses from people for illegally built filling stations, Ceylon Petroleum Storage Terminals Limited (CPSTL) Chairman D.J.A.S De S. Rajakaruna said.