Business News Archives - Page 11 of 47

World Bank provides US$ 1 bn to boost jobs and private sector growth in SL

CNL Reporter
May 8, 2025
Banking and Financial
World Bank
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The World Bank Group yesterday announced a major initiative to support job creation and unlock private sector

Philippine Coconut Authority forecasts continued rise in coconut oil prices

CNL Reporter
May 7, 2025
Business News
Philippine
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Coconut oil prices are expected to continue rising due to global supply challenges and increased demand,

Browns Investments Buys FLMC for Rs. 4.8Bn, Boosting Plantation Portfolio

CNL Reporter
May 6, 2025
Business News
Browns Investments
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Browns Investments PLC (BIL), the investment arm of LOLC Group, has acquired FLMC Plantations Ltd. for Rs. 4.8 billion,

Government Revenue Rises 18% amidst High Spending in Early 2025

CNL Reporter
May 5, 2025
Banking and Financial, News
BoC
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Sri Lanka’s state revenue rose 18% to Rs. 760.7 billion in the first two months of 2025, driven by increased tax

Sri Lanka’s tourist arrivals record anew high to 174,608

Sri Lanka’s tourist arrivals increased 17.3 percent from a year ago to 174,608 in April 2025, with most visitors

Commercial Bank of Ceylon Expands Global Reach with DIFC Office

The Commercial Bank of Ceylon is set to strengthen its international presence by opening a Representative Office in the Dubai

Central Bank transfers some dollar reserves to Switzerland to tackle risk

Sri Lanka has shifted some of the Treasury foreign reserves which were earlier held in the United States into Switzerland in 2024 to manage risk, the central bank said.

Construction sector shows modest growth in March as small-scale projects lead the way

Sri Lanka’s construction sector showed signs of continued expansion in March, with the Purchasing Managers’ Index (PMI) for Construction reaching 54.3.