The Ministry of Strategy and Finance of Korea approved USD 200 million for Kandy tunnel construction project. The project comprises of 4 tunnels with a total length of 5.5km from Suduhumpola to Tennekumbura via Bogambara and Ampitiya which will be the longest tunnel in Sri Lanka. Korea Exim Bank will finance this project with…
Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that Janashakthi Full Option will be carrying out a free breakdown assistance service across areas affected by the floods. As a result, all vehicle owners can now access this service, irrespective of their Insurance…
The Central Bank of Sri Lanka categorically denies reports by various media institutions stating that “the Central Bank has informed banks not to accept Qatari Riyals”.
Reuters – Sri Lankan shares fell in thin trade on Monday on profit-booking in banking stocks while investors assessed the impact of recent deadly floods on exchange rate and inflation. Analysts said it is too early to evaluate the real impact of the floods and landslides caused by the worst torrential rains in 14 years,…
Growth in the South Asia region has picked up in 2017. In India, recent data indicate an acceleration in growth, with an easing of cash shortages and a rise in exports. An increase in government spending, including on capital formation, has partially offset soft private investment. In Pakistan, favorable weather and increased cotton prices are…
As instructed by the UAE government, Emirates will suspend its flights to and from Doha, starting from the morning of 6 June 2017, until further notice. The last flight from Dubai to Doha will depart as EK847 at 02:30am on 6 June. The last flight from Doha to Dubai will depart as EK848 at 03:50am…
All major UAE airlines including Emirates, Etihad, flydubai and Air Arabia will suspend flights to and from Doha from Tuesday morning, they announced on Monday, as the rift between the GCC states intensifies. In a statement, Dubai airline Emirates confirmed that its flights to and from Qatar will be suspended from Tuesday. “As instructed by…
Global stock markets were generally weaker Monday as an increasing diplomatic rift in the Gulf region unnerved investors and sent oil prices higher. Stocks in Qatar sank after four Arab nations cut diplomatic ties with the gas-rich nation over its support for Islamist groups. Investors have a busy week ahead, highlighted by the British election…
Perceived Economic Opportunity PEO: March, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in March 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS…
Sri Lanka’s No.1 ICT solutions provider and the licensed national backbone network operator, Sri Lanka Telecom, together with Huawei Technologies, has successfully carried out South Asia’s first comprehensive field trial of Pre-5G LTE Advanced Pro technology, laying the groundwork for the next generation of broadband technologies. Sri Lanka Telecom has continued to develop its modern…
