Amnesty International today issued a travel warning calling for possible travelers and visitors to the United States to exercise extreme caution when traveling throughout the country due to rampant gun violence, which has become so prevalent in the United States that it amounts to a human rights crisis. It aims to hold up a mirror to the…
Lower performance in consumer goods and agribusiness sectors has pushed back Sunshine Holdings PLC’s top-line performance growth during the first quarter of the current financial year (1QFY20) as the diversified Sri Lankan conglomerate reported consolidated revenue of Rs. 5.2 billion, a decrease of 6.5% YoY(Year-on-Year). However, the degrowth of the two business sectors has been…
Dialog Axiata PLC announced its consolidated financial results for the six months ended 30th June 2019. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”). The Group ended the 1st Half of 2019 on a strong note, continuing its growth momentum across Mobile, Fixed Line, Digital Pay Television and…
Broad attention was drawn to enhance trade relations between the two countries President Maithripala Sirisena who is on a state visit Cambodia, on an invitation extended by the Government of Cambodia, attended a Business Forum organized by the Cambodian Chamber of Commerce, Wednesday (07) in Phnom Penh. The Cambodian Prime Minister Samdech Akka Moha…
Winning streak and the success story extend into financial year 2018/2019 PBT growth of a whopping 118%, revenue growth at 45% Major improvements in Operating Cashflow before Working Capital changes surpassing Rs. 1.39 billion across the group for the reporting year Repositioning and transformational initiatives working positively, propelling positive financial results across all subsidiaries …
(Reuters) – Sri Lanka’s state-run airline is set to report a loss of up to$160 million loss this year, as tourism in the island nation suffers following the Easter bombings, the carrier’s chief executive said. Cash-strapped SriLankan Airlines has cut ticket prices, reduced ground handling charges, and offered discounts to prevent empty seats on its…
(Reuters) – Sri Lankan shares closed firmer on Wednesday, snapping six straight sessions of losses and recovering from a near two-week closing low in the previous session, as investors bought beaten-down stocks. ** The rupee ended slightly stronger as exporter dollar sales surpassed importer greenback demand. ** The benchmark stock index ended 0.73% higher at…
The Cabinet of Ministers approved the proposal presented by Minister of Tourism, Wildlife and Christian Religious Affairs to allocate a 7 acre land at Palatupana in Yala to the brother Association of Dubai’s One Nature (Pvt) Ltd on a 50 year lease basis. The land near the Yala nature reserve in Sri Lanka’s south coast will…
The Ceylon Chamber of Commerce will be organizing the country’s foremost economic event, the Sri Lanka Economic Summit (SLES) 2019 on 17-18 September, at the Cinnamon Grand Colombo. The summit will be guided by the theme of ‘Recalibrating Sri Lanka’s Economic Trajectory Towards 2025 (RE-SET 2025). The two-day event will bring together key policymakers, business…
Sri Lanka’s trade with Asia’s fastest growing economy is set to surge when both countries meet for Ministerial trade talks later this year -after almost three years. “The fifth session of the Joint Economic Commission between Bangladesh and Sri Lanka was held in Colombo in 2016. Therefore time has come for the sixth trade session…
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