With a view to accelerating economic growth in the country and based on discussions held with the Hon. Prime Minister and the Minister of Finance, officials of the Office of the President, Office of the Prime Minister and Ministry of Finance, the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks),…
Theme Resorts & Spas reaches another milestone in Ayurveda! A lake full of water as clear as crystal. Adjoining the lake is a paddy field whose crops sway to the tune of the light breeze that sweeps through them. Little feathery flocks chirping on Passion creepers that weigh down with delicious tropical goodness. Thus is…
Despite the 21st April incident last year, and also the recent Coronavirus outbreak, Sri Lanka was able to show that it has risen on its feet again and such challenges will not reduce it’ s popularity as a travel destination. The Island nation won a special prize, titled as ‘’ Comeback of the Year’’ at…
Muscle and flourish take centre-stage as latest SUV wows Colombo at exclusive preview The inspiration for its name may be rooted in mythology, but Kia’s Seltos SUV wowed the audience with its very real looks and muscle at a grand Colombo preview befitting the debut of a new automotive deity from the pantheon of the…
The economy is recovering from the terrorist attacks last April, with GDP growth projected at 3.7 percent in 2020. Ambitious structural and institutional reforms are needed to anchor policy priorities, bolster competitiveness and foster inclusive growth in Sri Lanka. Fiscal prudence remains critical to support macro-economic stability and market confidence, amid high levels…
The Ceylon Dollar Bond Fund that invests exclusively in Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs reported a strong US$ performance of 10.3% in 2019 to investors, while the fund size reached US$ 23 million as at 31 December, 2019, according to Ceylon Asset Management Managing Director, Dulindra Fernando. The January 2020…
A proposal has been presented by Sri Lanka Ports Authority to set up a Closed Circuit Television Camera (CCTV ) System to observe, supervise and record all the activities of all entrances to the port premises, Warehouses, Open Terminal Storage Areas, Boarder Fences, Port Breakwater Entrances. This will enhance the safety of the port and increase…
The Cabinet of Ministers has given clearance to Kahatagaha Graphite to seek an investor to add value to its production. Accordingly, Minister of Industries and Supply Chain Management Wimal Weerawansa has proposed to call competitive bids to find a partner to add value to the mined graphite. Kahatagaha Graphite Lanka Limited is a company fully…
Teejay Lanka PLC has reported profit before tax of Rs 2.364 billion at Group level for the nine months ending 31st December 2019, an improvement of 56% over the corresponding period of the previous year. Sales for the period grew by 15% to Rs 26.3 billion the Company said, with revenue for the 3rd quarter…
SriLankan Airlines is strengthening its presence in the U.S. and European markets through the expansion of its existing codeshare agreement with Qatar Airways, with additional connections to serve various cities in these regions. Vipula Gunatilleka, Group Chief Executive Officer of SriLankan Airlines said: “The expansion of our partnership with Qatar Airways is an important element…
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