The public security in Sri Lanka was threatened by the Easter Sunday terrorist attacks with a huge negative economic impact on the fast growing tourism sector of the Country. As an immediate response to the incident, the Government of Japan has agreed to provide Japanese Yen 01 billion, (approximately Rs. 1.6 billion) grant under the…
The Singaporean unit of the French landing gear company, Safran Landing Systems, has won a deal to renovate the landing gear of 6 A330-200 Aircrafts operated by the national carrier, SriLankan Airlines. The proposal presented by Minister of Finance to award this contract to M/s Safran Landing Systems Services Singapore, concerning 6 A330-200 was approved…
Cabinet approval has been granted to construct shopping, sports complex in Nuwarawela, Kandy at a cost of Rs.121 million. According to a proposal submitted by the Minister of Public Enterprises, Upcountry Heritage & Kandy development, the project would be carried out under the purview of the Kandy Municipal Council (KMC).
Recovering momentum in Sri Lanka is faster than expected with a steady stream of visitors, despite the recent terrorist attacks earlier in 2019, said a senior executive. “We are actually seen quite a good recovery. Initially there was quite a downturn actually as expected with the type of event that happen. But fortunately we are…
International renowned economist Dr. Razeen Sally says that the incumbent government in Sri Lanka came to power without an economic plan and never developed one and that with elections coming up the country is faced with a choice between “the devil and the deep blue sea”. The Sri Lankan-born economist, who is a Visiting Associate…
Apple has determined that, in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk. Affected units were sold primarily between September 2015 and February 2017. As a safety measure passengers are requested to verify with Apple whether their devices are affected by the recall.They…
Increasing Hajj Quota and employment opportunities under consideration The Speaker of Saudi Arabia’s Shoura Council (Parliament), Dr. Abdullah Al-Asheikh said effective steps would be taken to establish a strong cooperation between Saudi Arabia and Sri Lanka parliaments. He said this when he called on President Maithripala Sirisena at the President’s Office in Colombo Tuesday (September 10). The…
A critical group of Sri Lankan industry sub-sectors is set to reap bigger gains riding on the surges in e-commerce as well as Indian and Asia-Pacific markets. For the first time, Sri Lanka SMEs are receiving government’s direct support for their packaging efforts. Meanwhile, Colombo’s 38th international industry expo on packaging, paper and printing records…
World Surfing League Qualifying Series 3000, also referred to as So Sri Lanka Pro 2019 is all set to be staged at the World class point break of Arugam Bay from September 25 to 29 of this month, with the participation of over 122 surfers from 24 nations. The Sri Lanka Tourism Promotion Bureau announced…
The shipping market dynamics have changed through international trade disturbances such as the trade war between USA and China, the sanctions against Iran, the uncertainty regarding Brexit, Mercantile Shipping Company PLC chairman H. A. R. K Wickrematileka said. “Shipping market is facing a continuous oversupply of tonnage. At the same time, we see a concentration…
Video Story
