HANOI (Reuters): Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump. The signing of the Regional Comprehensive Economic Partnership (RCEP) at a regional summit in Hanoi, is a further blow to the group pushed…
CAs’ parley with Strategic Insurance Brokers seeks opportunities out of pandemic The Gold sponsorship of the Chartered Accountants (CAs) National Conference by Strategic Insurance Brokers (Sib)marks a new frontier equal to the launch of the novel concept of a National Conference in Sri Lanka by CAs four decades ago. Sib is a leading Insurance and reinsurance Broker in Sri…
Adapting to the new normal of the global travel and tourism industry, due to the ongoing COVID 19 pandemic, Sri Lanka Tourism Promotion Bureau has established a strategic initiative to connect with the latest technology, and bring the amazing experiences and world renowned tourist attractions which the country has to offer, in collaboration with leading…
At the 2020 Global Mobile Broadband Forum (MBBF), Huawei’s Executive Director and President of the Carrier Business Group Ryan Ding gave his keynote speech “Maximizing Wireless Network Value for a Golden Decade of 5G”. Ding said that the coming decade will be a golden age for 5G’s progress around the world, and that the whole…
Sri Lanka Tourism, as one of its initiatives to promote the island destination on social media and virtual platforms shared engaging content of its many attractions and resources turning the pandemic to an opportunity. As result of this effort, Sri Lanka Tourism was able to participate on a destination promotional programme on Nile TV international,…
Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is important for Sri Lanka to receive the same tariff preferences it was enjoying prior to Brexit when trading with the UK in the post-Brexit period. Once the transition period…
Taj Samudra Colombo today (13) announced that four of its employees tested positive for COVID-19. The full statement as follows: The safety and wellbeing of our guests and associates remain the highest priority for us. Four employees at our hotel tested positive for COVID-19 today. All of them are asymptomatic and show no sign of…
The Angsana Gym at the Cinnamon Grand Hotel, Colombo had been temporarily closed after one of the team members attached to the gym tested positive for COVID-19, on 12 November 2020, the management said in a statement. The full statement as follows: The health and safety of our guests and team members is of utmost…
Sri Lanka’s exports declined in October amid second wave of pandemic As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 14.9% in October 2020 to US$ 831.72 million as compared to the value of US$ 977.3 million recorded in October 2019. This poor performance is due to the adverse impact of 2nd…
Quarterly earnings skid on COVID, however, Transportation and Materials sectors outperformed On a recurring basis, June 2020 quarter earnings dipped by 58.0%YoY to Rs.17.7 billion for 267 companies,primarily owing to sluggish performance in Diversified Financials (-97%YoY), Capital goods (-471%YoY), Consumer Services (-108%YoY) and Real Estate (-84%YoY) sector earnings, First Capital Research said. “However, negative performance of…
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