Cargills Bank Ltd. announced the appointment of Mr. Ranjit Page as the Chairman of the Bank with effect from 19thSeptember 2019. Mr. Louis Page, the founder Chairman of the Bank, retires on reaching 70 years of age in line with CBSL regulations. The incoming Chairman, Mr. Ranjit Page played a pivotal role in the Cargills,…
SriLankan Engineering, the aircraft Maintenance-Repair-Organisation (MRO) of SriLankan Airlines, welcomed a new airline customer – Air Seychelles – for which it carried out an ‘A-check’ on an Airbus A320 aircraft in its specialized A320/A321 hangar at the National Carrier’s main hub at Bandaranaike International Airport. SriLankan Engineering has positioned itself as an emerging MRO in…
John Keells Holdings PLC Chairman Krishan Balendra is confident that Sri Lanka will meet a target to host a total of 5 million foreign tourists by 2025. Speaking during the panel discussion, at the Cinnamon Future of Tourism Summit 2019 in Colombo yesterday (23) Balendra noted that Sri Lanka had managed to recover from the…
The Government has decided to declare a grace period for the motor vehicles imported during the period of January 2015 to November 2017 and pending the Customs clearance at the Hambantota Port subject to fulfilling following criteria. Said motor vehicles imported by an importer / individual based on the Letter(s) of Credit established on his…
Eighteen months to the formation of HIPG, the public private partnership between CMPort and the Sri Lanka Ports Authority (SLPA), to manage the Hambantota International Port (HIP), the company has made phenomenal progress. They have successfully turned it around, bringing the port into the limelight and strategically positioning it within the international ports & shipping…
Cinnamon Hotels & Resorts host the highly anticipated third edition of the Future of Tourism Summit (FOT 2019) on Monday (23),at the Cinnamon Grand Colombo under the patronage of Prime Minister Ranil Wickremesinghe. The lime light of the event was the conversation between famed CNN international correspondent Richard Quest and Prime Minister Ranil Wickremesinghe. At the…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) increased to 3.4 per cent in August 2019 from 2.2 per cent in July 2019. The low base that prevailed in the corresponding month of the previous year and the monthly increases of prices of items in both Food…
Reuters – ** Sri Lanka’s rupee closed weaker for the sixth straight session on Monday, while equities closed lower ahead of a key decision by Prime Minister Ranil Wickremesinghe’s ruling party on its candidate for the Nov. 16 election. ** The market has been waiting for Wickremesinghe-led United National Party (UNP) candidate and its policies,…
The tourism industry is vital and it is not going to be a political football, Prime Minister Ranil Wickremesinghe said during an interview with famed CNN international correspondent, Richard Quest at the ‘Future of Tourism Summit’ (FOT 2019) in Colombo. Quest asked an important question: “The tourism industry is vital. The industry is fundamental to…
According to J. B. Securities monthly review, Vehicle registrations in August were flat in comparison to July in most categories. Total motor car registrations recorded 2,385 units in August down from 2,584 units in July and significantly down from 7,003 units 12 months ago. Brand new cars recorded 361 units in August up from 299…
Video Story
