Business
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Emirates says its Boeing 787 deliveries delayed by at least a year
Emirates’ chief operating officer said on Wednesday that deliveries of Boeing 787 Dreamliners it has ordered are delayed by at…
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Gucci stores to accept cryptocurrencies in US
Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in America. Customers will be…
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Uber loses $5.9bn as Asia investment values fall
Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The…
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Ali Sabry says no choice but to hike the country’s sales tax
Finance minister Ali Sabry has mentioned in an interview with the BBC that the current level of VAT is “definitely…
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Sinharaja Hela Osu launches ‘Sinharaja Thailaya’
‘Sinharaja Hela Osu’, the iconic ‘Wellassa Weda Madura’ that combines Sri Lankan indigenous medicine with modern technology, launched ‘Sinharaja Thailaya’,…
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SL foreign reserve increases
The official forein reserves of Central Bank of Sri Lanka (CBSL) has reached about USD 3.1 billion, CBSL Governor Ajith…
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China Blacklists People’s Bank
China’s Ministry of Commerce has announced that People’s Banl has been blacklisted. The Ministry’s website, lk.mofcom.gov.cn, published a ‘L/C Significant…
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Jason Avanceña Appointed Managing Director of Nestlé Lanka PLC
Jason Avanceña has been appointed Managing Director of Nestlé Lanka PLC effective 1 October 2021 and will lead Nestlé’s operations…
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Unacceptable Rating Action by Moody’s Renews Concerns of Subjectivity
The Government of Sri Lanka (GOSL) wishes to express strong displeasure on the recent assessment by Moody’s Investors Service (Moody’s)…
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Moody’s Downgrades Sri Lanka’s Debt Rating to Caa2
Ratings agency Moody’s Investors Service (“Moody’s”) has today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior…
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