SriLankan Airlines moves swiftly and decisively to rescue nation’s export industries Sri Lanka’s National Carrier SriLankan Airlines is making a decisive move to rescue the country’s much troubled export industries by launching dedicated cargo services to a host of destinations and throwing a lifeline to the nation’s economy at a time of gravest peril. Mr….
Sri Lanka Ports Authority (SLPA) has introduced a new procedure for MCC (Multi Country Consolidation) and LCL (Less than Container Load) delivery of cargo to curb any delays that may occur in their operations during Covid – 19 period. The new arrangements were enacted with effect from yesterday (05th May 2020) through the Logistics Division of SLPA….
Despite drop in overall earnings Banks, Telcos, Materials and Diversified Financials show recovery December quarter earnings in 2019 declined by 4.7% year-on-year (YoY) to Rs. 66.6 billion for 266 companies, primarily owing to sluggish performance in Food, Beverage and Tobacco (-35%YoY), Insurance (-41%YoY), Capital Goods (-23%YoY) sectors, First Capital Research said yesterday(04). However, earnings upside was…
The Sri Lankan rupee shows signs of recovery after hitting the skids over the past few weeks. According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (05) stands at Rs.185.81 and selling rate of the US dollar stands at Rs. 191.71….
With Hambantota International Port (HIP) resuming operations with Litro Gas the port completes its full complement of energy services, positioning itself to vie for hub status in the South Asian region. Litro Gas supplies LPG to Sri Lanka’s domestic market, and the company has leased tanks at the Hambantota International Port to support their supply…
Modalities to issue temporary travel documents to undocumented workers abroad following proper authentication procedures has been agreed on by the Department of Immigration and Emigration, the Foreign Relations Ministry said in a statement yesterday (04). This follows consultations between the Ministry of Foreign Relations, Ministry of Skills Development, Employment and Labour Relations and Sri Lanka…
Charting A Course for Sri Lanka’s Tourism Future – Navigating Post Covid-19 The Cinnamon Future of Tourism Virtual Conference will be held on 11th May 2020 on the theme Charting a Course for Sri Lanka’s Tourism Future. The first ever edition on its virtual platform (Facebook Live/MS Teams) will host renowned speakers known globally for…
Ganeshan Wignaraja, Executive Director, Lakshman Kadirgamar Institute of International Relations and Strategic Studies The pace of Asia’s growth is likely to reach a historic low in over five decades of successful economic development and slow to a standstill – reflecting the economic hit from the Covid-19 pandemic. This is the bleak reading according to…
Huawei, the global leading ICT solution provider, stepped up efforts and pledged support to Sri Lanka to fight against the Corona Virus epidemic through a donation of a range of cutting-edge ICT solutions. Accordingly, 5 Sets of Huawei high definition video conference systems were provided to help government sector to make decisions with less risk…
As the first stage of the recently pledged Rs. 200 Million towards urgently required ICU capacity development in hospitals selected by the Ministry of Health (MOH), Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, commenced immediate civil reconstruction for the expansion and provision of all equipment to establish a fully functional Intensive Care Unit (ICU)…
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