SriLankan Airlines has suspended operations to Cochin, India till Sunday August 11, 2019 following the closure of the airport due to floods. Cochin Airport Authority Limited announced today that all aircraft operations suspended at Kochi airport till 3 pm on Sunday. Due to prevailing adverse weather conditions, a red alert has been issued to 04…
Hayleys PLC, Sri Lanka’s most diversified conglomerate, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4% to Rs.52.6 bn during the period, upheld mainly by the top line growth in Hand Protection (+10%), Purification (+24%)…
Singer (Sri Lanka) PLC results for Q1 ended 30th June 2019 indicated a Group revenue at Rs.13.9 billion, when compared to Rs. 15.1 billion during the previous year. The Group recorded Operating profit of Rs. 1,065 million for the Q1 compared to Rs. 1,284 million realized during the previous year. Group administrative and selling expenses…
Two independent UK-based tour operators Travel Gallery and Experience Travel Group hosted “Sri Lanka Revival” on 16 July in London. The event, focused on encouraging holidaymakers to return to the beautiful paradise isle, drew in over 90 UK tour operators, 40 journalists and 50+ representatives from Sri Lankan hotels and Destination Management Companies (DMCs). “The…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 5.3 billion and profit before tax of Rs. 367 million for the first quarter of 2019/20. The profit after tax stood at Rs. 301 million. Haycarb PLC Managing Director Mr. RajithaKariyawasan said, “Strong demand in the activated carbon market and the growth in the…
(Reuters) – Sri Lankan shares edged lower on Thursday, hovering near a two-week closing low hit early in the week, as investors sold banking and telecom stocks. ** The rupee ended slightly stronger as exporter dollar sales surpassed importer greenback demand. ** The benchmark stock index ended 0.19% weaker at 5,878.26, hovering near its lowest…
Sri Lanka also has signed the Paris Agreement which was adopted in the 21st Summit of the partners of the United Nations Framework Convention on Climate Change held in Paris in the year 2015. Accordingly, Sri Lanka is obliged for the minimization of the greenhouse emission in the year 2030 by 20% comparative to the…
Sri Lanka Telecom (SLT) and Mobitel, together with the Ministry of Telecommunication and Digital Infrastructure, launched the Digital Roadmap for the Northern Province in the presence of officials and the national media at the Auditorium of the Jaffna District Secretariat in Jaffna. The Roadmap unveiled SLT Group’s progress towards achieving the national goal of transforming…
SriLankan Airlines, the National Carrier of Sri Lankan and a member of the oneworld alliance, organized a familirization tour for a group of journalists representing leading publication in China. China being one of the Airline’s key markets and one of the top tourism feeder markets of Sri Lanka, the Airline has been steering many initiatives…
Agriculture is the foundation of Sri Lanka—from the economy to the culture, it has influenced all the important facets of what makes a nation then, and continues to do so, to date. This sector, which consists of domestic and export sub-sectors, contributes to our economy in the forms of income, employment, foreign exchange, food and…
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