Sri Lanka’s tourist arrivals were down 22.5% from a year earlier to 118,743 in October 2019, recovering from a fall of 70% in May after Easter Sunday blasts in April spooked visitors and triggered travel bans. According to the latest data released by the Sri Lanka Tourism Development Authority (SLTDA) As at 31st October 2019, 1,495,055…
Sri Lanka ACL Cables PLC had won a contract worth Rs.789.45 million to supply aerial bundle cables to state-run Ceylon Electricity Board. The contract to supply 3,000 km of cables for the CEB was approved this week by the Cabinet of Ministers on a proposal by Minister of Power Energy and Business Development The company…
Santani Spa and Resorts won the Gold Award for Best in the World for wellness and spa at a celebrity event held at London’s Brand new venue Magazine on 5th November. This award is a recognition to the entire wellness and spa sector in Sri Lanka. Located in the misty mountains, Santani Resort and Spa…
The Board of Investment of Sri Lanka signed a supplementary Agreement with the Kingsbury PLC to expand and refurbish the hotel located at Colombo 1. The Agreement was signed by Mangala Yapa, Chairman of the BOI and Rohan Karr, Managing Director, Hayleys Leisure Sector on behalf of the Company. Rohan Karr, Managing Director, Hayleys Leisure…
SriLankan Airlines has made significant progress in its efforts to become a sophisticated customer-centric airline intent on achieving financial success, by implementing a wide-ranging Turnaround Plan under the leadership of its Board of Directors with the unstinted support of its employees across all divisions. Following the appointment of a new Board of Directors in April…
Sri Lanka’s Ambassador to Ethiopia, Sumith Dassanayake, said that Sri Lanka is already participating in Hawassa Industrial Park in apparel textile industries. He noted that Sri Lanka is keen to build strong relations with many nations, and Ethiopia comes in the forefront. At present, over 800 Sri Lankans are working in Ethiopia. Issabella and Hydramani Sri…
• YTD Revenue Growth +8%, EBITDA and PAT Out Pace Revenue at +10% and +13% respectively • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs25.5Bn • Continuing Capex Investments in High Speed Broadband and Other Infrastructure: Rs13.9Bn • Operating Free Cash Flow Tops Rs16.6Bn YTD; Cash Balance Improved Rs3.1Bn from Year…
(Reuters) – Sri Lankan shares ended weaker on Wednesday falling for the third straight session to its one week low, as investors booked profits ahead of the presidential vote on Nov. 16 ** Investor concerns were on the rise over the two top presidential candidates’ election giveaway offers, which officials and a credit rating agency…
Sri Lanka’s economy remains vulnerable to adverse shocks due to its large public debt and low external buffers, an International Monetary Fund report said. “The Sri Lankan economy is gradually recovering, supported by the authorities’ security and policy efforts to mitigate the impact of the Easter Sunday attacks. However, the economy remains vulnerable to shocks,…
The world’s leading travel and trade show opened in London, UK on 4th November 2019 on a grand scale. This year Sri Lanka Tourism Promotion Bureau (SLTPB) collaborated with WTM to be the ‘Premier Partner’ of the event. In line with the premier partnership, the WTM main show was declared opened by Minister of Tourism…
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