Sri Lanka Tourism Promotion Bureau (SLTPB) has launched a digital billboard campaign in The Netherlands for the period of September to November 2019 in order to showcase the attractions of Sri Lanka and to promote and position the destination as a safe tourist destination in the minds of the Dutch travellers. The digital billboards are…
Sri Lanka’s ACL Cables PLC today announced that it has entered in to an agreement to acquire 51% stake of Cable Solutions (Private) Limited for a consideration of Rs.481 million. In a stock exchange filling the Company said it eventually will buy 75% of the issued shares of Cable Solutions from its existing shareholders by…
Troubled The Finance company PLC (TFC) yesterday (25) noted that the company has been approached by 03 interested parties to consider an investment in the finance firm, if a Banking License could be obtained. “Since publication of the “Notice of Cancellation”, TFC was approached by 03 interested parties to consider an investment on the basis…
First Capital Research believes that there is a possibility for a rate cut considering the need to address the sluggishness in economic activity despite the 50 bps rate cuts each in May and August. CBSL, maintained its policy rates at current levels as they believed that private sector credit may pick gradually and also there…
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘AA+(lka)’ with a Stable Outlook. The rating on CEB, which is 100% state-owned, is equalised with that of the Sri Lankan sovereign (B/Stable), reflecting strong linkages with the parent, in line with Fitch’s Parent and Subsidiary Rating Linkage criteria. The equalisation…
Vistara – India’s finest full-service carrier and a joint venture of Tata Sons and Singapore Airlines – Monday (25) inaugurated service to Colombo, Sri Lanka. The airline now flies daily (except Wednesdays) between Mumbai and Colombo, making it the first to offer the choice of Premium Economy Class for travel between India and Sri Lanka,…
SLASSCOM recently hosted its annual AI Asia Summit, for the second consecutive year this year at the Shangri-La Hotel, Colombo. The theme of this year’s summit was to stress on the importance of formulating a proactive policy and building capacity around Artificial intelligence (AI) to leverage the ICT industry to new heights. The AI Asia…
(Reuters) – Sri Lankan shares closed at a more than one-week low on Monday on profit-taking in banking and beverage shares, while the rupee ended weaker as investors awaited for some policy direction and clarity over the country’s newly elected president. ** Gotabaya Rajapaksa, the new president, appointed his brother Mahinda Rajapaksa, the current prime…
5G to cover up to 65 percent of the world’s population by the end of 2025 and handle 45 percent of global mobile data traffic Smartphone users to consume a global average of 24 GB per month in 2025 from 7.2 GB currently, as video usage increases and new services become available Total number of…
Oman’s SalamAir lands at BIA Oman’s first low-cost carrier, SalamAir landed at the Bandaranaike International Airport today (25) to commence flight operations between Muscat and Colombo. The Muscat-Colombo direct route marks SalamAir’s first entry into the Sri Lankan market. SalamAir is scheduled to operate four times a week on Monday, Wednesday, Friday and Sunday, departing Colombo at 08:10 local…
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