The Cabinet of Ministers has approved the proposal presented by Minister of Tourism to completely restructure the Colombo Flight Information Region, the state information office said. “The area of Colombo Flight Information Region is nearly 25 times the total land area of Sri Lanka. Airport and aviation Services Limited is responsible for providing quality navigational…
October 20, 2020 Further to the statement released on 18 October, 2020 regarding the identification of a COVID19 positive employee, the management of Hirdaramani Group confirm that the associate is currently being treated under the supervision of the Health Authorities and is in stable condition. Following the identification and testing of the associate by the…
The Sri Lanka Italy Business Council together with the Embassy of Italy and the Ceylon Chamber of Commerce conducted a Webinar titled ‘Italy – New partnerships for business’ on September 10, 2020. The is the first webinar out of series of webinars to promote a greater knowledge on Italian manufacturing, which is not well known…
The LOLC Group commenced its operations in Zambia recently with the official launch of its inaugural branch located in Lusaka. The company which will operate as LOLC Finance Zambia Limited, is a deposit-taking non-banking financial institution and will provide finance products such as home loans, motor vehicle finance, business loans, and consumer loans, among other…
Holger Seubert , Newly appointed Ambassador for the Federal Republic of Germany to Sri Lanka recently paid a courtesy call on Susantha Ratnayaka, Chairman Board of Investment at his office in the WTC. The Ambassador was accompanied by Andreas Hergenrother, Chief Delegate ,Delegation of German Industry and Commerce in Sri Lanka (AHK ). The brief…
Sujeewa Mudalige has been appointed to the Board of CIC Holdings PLC as a Non-Executive Independent Director.Mudalige counts over 30 years of experience as a Chartered Accountant. He is also a Fellow Member of CIMA (UK), ACCA (UK) and CPA (Australia). He has vast experience as the Audit Committee Chair in both public and private…
With an ambitious drive to be one of the successful finance companies in the country, the soon-to merger between Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) does not come entirely as a surprise. This will further strengthen the safety and trust of customers which was unblemished during the last 69…
Sri Lanka’s estimated unemployment rate for the second quarter 2020 has dropped to 5.4% from 5.7% in the first quarter 2020, the Census and Statistics Department releasing its Labour Force Survey – 2Q 2020 stated. The unemployment rate is the proportion of unemployed population to the total labor force. The number of unemployed persons is…
The Colombo Stock Exchange (CSE) now sends a customized daily trade alert to investors at the end of each trade day notifying them of all transactions that are carried out through their Securities accounts in the CDS. The alert system has been introduced by the CSE in a move to encourage Investors to track and…
First Capital Research believes that the Central Bank of Sri Lanka (CBSL) will maintain the same policy stance in this monetary policy review, but given the concerns around economic growth, the research arm stated that the CBSL is likely to retain the monetary policy stance at “accommodative”. “As per our view, CBSL either can choose…
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