Softlogic Holdings PLC returned to profit during the three months ended September (2Q19) amid a substantial tax reversal at the group’s life insurance business, while the group’s key retail business and other segments reported modest performances.The retail behemoth, which has interests in healthcare, information technology, financial services, leisure and automobiles … [Read more...] about Hefty tax reversal boosts Softlogic Sept. quarter – Daily Mirror
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CB raises key rates in surprise move to support currency – Daily Mirror
From left: Central Bank Governor Dr. Indrajit Coomaraswamy and Deputy Governor K.D. Ranasinghe Pic by Indraratne Balasuriya CB raises lending rate by 50 bps, deposit rate by 75 bps Economic growth to be subdued, less than envisaged - cbank Foreigners sell stocks, govt bonds amid political uncertainty Rupee hits fresh record low after policy tightening Sri Lanka’s … [Read more...] about CB raises key rates in surprise move to support currency – Daily Mirror
Weathering the storm: Improving disaster resilience of Sri Lanka’s rural workers – Daily Mirror
Droughts, floods, landslides, and cyclones have frequented the Sri Lankan newspapers in 2018. From February to March this year, nearly one million people in six provinces in the country were affected by a severe drought, according to Sri Lanka’s Disaster Information Management Centre (DIMC). In May 2018, floods and landslides, triggered by the Southwest monsoon rains, … [Read more...] about Weathering the storm: Improving disaster resilience of Sri Lanka’s rural workers – Daily Mirror
Seylan Colombo Motor Show – Daily Mirror
Sri Lanka’s largest international automotive event, the ‘Seylan Colombo Motor Show 2018’ opened at the Sirimavo Bandaranaike Memorial Exhibition Centre, BMICH yesterday. This year’s show will comprise of motor car show, 4X4 off-road vehicles show, vintage car show, Volkswagen and Mini Minor car show, commercial vehicles and custom-built vehicles, boats and water sports vehicles … [Read more...] about Seylan Colombo Motor Show – Daily Mirror
President Sirisena’s Cabinet comments strike a ‘RAW’ nerve in India – Daily Mirror
ByD.B.S. Jeyaraj Maithripala Sirisena is a man of many surprises. Sri Lanka’s sixth executive President has a penchant to make controversial remarks and startling revelations on more than one occasion. Most of these sensational disclosures explode in the public domain with a powerful bang and then fizzle out into pathetic whimpers. The latest in this series were some … [Read more...] about President Sirisena’s Cabinet comments strike a ‘RAW’ nerve in India – Daily Mirror