All Ceylon Bakery Owners Association to convene regarding wheat prices

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The All Ceylon Bakery Owners Association stated that they will be meet today to decide whether or not to increase the prices of bakery...

Prima now says no hike in wheat flour price

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The Bakery Owners’ Association says that the Prima Ceylon company has now informed them that the price of wheat flour will not be increased...

Crisis-hit Nissan chops forecasts, net profit worst for a decade

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Crisis-hit Japanese automaker Nissan Tuesday slashed its full-year forecast for both sales and profit as it struggles with weak demand in Japan, the US...

Report places most of the blame on CB

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A senior Finance Ministry source said yesterday the Central Bank did not release the report on the forensic audit on the Central Bank bond...

Old McDonald’s: Aussie mates show off burger bought in 1995

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A McDonald's burger bought in 1995 and kept in an Australian shed for years has never decomposed, according to two men who now refer...

SoftBank Group profit plunges owing to WeWork turmoil

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Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said Wednesday, as investments in start-ups such as...

One thousand Bakeries closed due to gas shortage

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The Chairman of the All Ceylon Bakery Owners' Association N.K.Jayawardene said that 750 to 1000 Bakeries had found it difficult to continue their operations...

Vehicle price to increase due to luxury tax: Vehicle importers

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The prices of vehicles presently valued around Rs. 3.5 million will be doubled effective from November 1 because of the luxury tax imposed, Sri...

Huawei moving on 5G while politics plays out

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Major state telecom operators are rolling out 5G wireless advances in China as the country races to close a technology gap with the United...

Fosun buys Thomas Cook brand for £11 million

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Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust...