More than half of the State Pharmaceuticals Corporation outlets incurred combined losses of Rs. 53 million in 2021, said a report by the auditor general.

The John Keells Group signed an agreement contributing Rs. 100 million toward the Suwa Seriya Foundation for use in the operations of the Suwa Seriya Ambulance Service.

People’s Leasing Company, a provider of financial solutions in the non-banking financial institutions sector in Sri Lanka, has been awarded the European Society Quality Research (ESQR) Best Practices 2022 award.

Sri Lanka’s export earnings and import expenditure were tallied at USD 1 billion each in February 2023, said the Central Bank.

More than 300,000 small and medium scale businesses dependent on the banking system have either been closed already or are facing closure, according to the economic stabilization subcommittee.

Sri Lanka’s rupee is set to decline and lose almost a fourth of its value against the dollar by end-2023, according to a Bloomberg report.

The owner of Hru Media network (Asia Broadcasting ) Rayynor Silva has increased his stake in Sampath Bank to over 6% by picking up 20 million shares for Rs. 1 billion, the Daily Financial Times reports.

The Sri Lanka Retailers’ Association conducted the annual retail forum on the theme ‘Redefining Retail: Future Proofing the Forward Journey’ at the Cinnamon Grand last week.