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Air Seychelles, the Republic of Seychelles’ national airline and Sri Lankan Airlines, the flag carrier of Sri Lanka, have announced a new code-sharing partnership, expanding the number of destinations accessible to customers from the paradise islands flying between Mahe and Colombo. Over 20 destinations are included in the partnership, which includes much requested ones such…
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To mark World Water Day, Amana Bank partnered with the Environment Committee of the Faculty of Arts at the University of Colombo to promote awareness of water conservation and sustainable practices. Aligned with the global theme ‘Water for Peace,’ the University organized a poster competition for undergraduates and facilitated a platform for emerging researchers and…
John Keells Properties partnered with Union Bank to offer flexible mortgage solutions for its ‘Viman’ Ja-Ela project. John Keells Properties further strengthened its relationship with the Bank’s customers by hosting an exclusive event for them on 6th of March, to tour the Viman model apartment at the John Keells Properties head office in Vauxhall Street,…
By Janindi Perera Amidst the turmoil and multifaceted challenges with which the world grapples, the youth of Sri Lanka gear up to participate in the 17th session of the Sri Lanka Model United Nations Conference, scheduled to be held on the 17th and 18th of August at the Bandaranaike Memorial International Conference Hall. At SLMUN,…
A six-a-side soft ball corporate cricket tournament was successfully held at the G H Buddhadasa Ground in Battaramulla recently with the participation of 28 teams representing leading companies in the island. The tournament was organized by the Rainbow Pages Welfare Society. Rainbow Pages is the National Business Directory in Sri Lanka managed by SLT-MOBITEL group….
MTI Consulting has launched their Next-Gen Directors Program, with the appointment of Malithi Herath and Christine Fernando as Directors of their Sri Lanka Operations. “This initiative is part of our leadership grooming process for both the consulting and the shared services functions, with the appointment of two well deserved, highly competent young consultants, who have…
Receives 10 out of 10 rating from over 1,000 reviews One of few properties to get Hall of Fame crown & perfect score by Tripadvisor.com Sitting on the pristine beaches of Rathgama in Southern Sri Lanka, minutes away from the historic port city of Galle and the vibrant Unawatuna beach, Aditya Resorts added to its…
Cloé Café, an Australian-inspired haven for coffee enthusiasts and culinary connoisseurs, recently opened its flagship location at No. 196, Nawala Road, Nawala. The grand opening ceremony was held under the patronage of Deputy High Commissioner for Australia in Sri Lanka Lalita Kapoor and several other guests. Nestled on the ground floor of the WishQue Head…
Women empowerment has been central to SDB bank’s approach to business since its inception, embodying a commitment deeply ingrained in the organizational mindset. The bank’s successful two-fold approach encompasses empowering women within the organization and supporting women externally. This commitment is evident in the bank’s promotion of equality, diversity, and inclusion, reflected notably in its…
After a meticulous selection process involving top industry professionals, Chokolaate has selected the Top Ten finalists who will compete for the coveted “Fashion Designer of the Year” title at MDFD 2024. The grand finale is due to take place on the 18th of May and will feature real Mother-Daughter duos modelling creations by the finalists…
Daintee, the confectionary arm of Sunshine Consumer Lanka Limited (SCL), recently marked its 40th anniversary, highlighting four decades of excellence in crafting delicious sweets and confectionery delights for millions of Sri Lankans. The grand celebration, which took place on 1st April 2024, was graced by Sunshine Holdings Deputy Chairman Vish Govindasamy, Sunshine Consumer Lanka Chief…
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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, and Telin, the international arm of Telkom Indonesia, have signed a new Master Service Agreement (MSA) whereby Telin will exclusively provide Managed Services for international A2P SMS traffic and international voice termination traffic to Dialog. This agreement aims to monetize international traffic while extending unparalleled convenience, enhanced security, global…
Reuters – AirAsia is among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme. AirAsia Consulting has submitted a request for qualification from potential investors for the acquisition of shares in SriLankan Airlines Limited,…
Headline inflation as measured by the yearon-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2021=100) decreased to 2.5 per cent in March 2024 from 5.1 per cent in February 2024. This was mainly driven by the monthly decrease in prices of items in the Non-food category. Accordingly, Food inflation (Y-o-Y) remained unchanged at…
Chongqing Airlines recently announced a new international route from Chongqing to Colombo and Male starting June 24, marking its first use of the fifth freedom of the air. The fifth freedom of the air, also known as third-country transportation rights, allows an airline to transport paying passengers between foreign nations as part of flights originating…
Reuters – Malaysia plans to build Southeast Asia’s largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract global tech companies and investors, the government said on Monday. Malaysia is aiming to turn Kuala Lumpur into a regional digital hub, with the goal of being among…
State of the Budget Report estimates 14% shortfall in revenue against budget projection Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’. The State of the Budget Report…
The Ambassador for France in Sri Lanka, Jean-Francois Pactet visited the Hambantota International Port (HIP) recently, for a tour of the port and to explore possible business opportunities for French companies. Tissa Wickremasinghe, COO of HIPG met with the embassy delegates, and at a discussion with the Ambassador, outlined the port’s 5 core areas of…
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development…
Analysis
State of the Budget Report estimates 14% shortfall in revenue against budget projection Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’. The State of the Budget Report…
While SL was still a British colony legendary Sri Lankan Engineer T.S. Jinasena (of Jinasena Engineering est. 1905) assembled the first ever racing car in SL (The Magpie) & became the first Sri Lankan to set a record at the ‘Mahagasthota’ Hill Climb (1939). With support from his sons Nihal, Rohan, Ranjith & Tissa he…
Fitch Ratings – Positive US data in 1Q24 have helped to improve Fitch Ratings’ full-year global economic outlook, but have also raised the prospects of a ‘no-landing’ scenario and heightened interest rate uncertainty. In addition, key risks to global credit from commercial property, geopolitics and China’s real estate market remain, which we highlight in a…
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