BBC – The US central bank has slashed interest rates in response to mounting concerns about the economic impact of the coronavirus. The Federal Reserve lowered its benchmark rate by 50 basis points to a range of 1% to 1.25%. The emergency move comes after the G7 group of finance ministers pledged action earlier on…
Foreigners arriving in Sri Lanka by passenger ships would not be allowed to disembark with immediate effect due to the risks posed by the rapid spread of COVID-19, the Director-General of the Health Services Dr. Anil Jasinghe said. Addressing a special media briefing in Colombo today (3), Dr. Jasinghe further stated that the Health Ministry reached…
Lycamobile, the world’s largest mobile virtual network operator (MVNO) and part of the Lyca Group, is delighted to announce the sale of Lycamobile Spain (“the Company”) to the publicly listed Masmovil, a Spanish mobile network operator (MNO). The deal is valued at €372 million and Masmovil has also opted to retain the Lycamobile brand in Spain for…
The 32nd Joint Meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia will be hosted by Sri Lanka from 29th June to 01st July 2020 in Colombo and Sri Lanka Tourism Development Authority is currently in the process of organizing the conference. The theme…
Nestlé was recognised as Sri Lanka’s number one F&B company at the recent Business Today TOP 30 awards. The company jumped nine places from its previous ranking to become one of the top 10 companies on the list, which featured Sri Lanka’s best-performing corporates across all industries. The event awarded organisations that had achieved growth…
Sentiment is dealt a body blow on account of the emergence of a global health alert Just when Sri Lankan businesses thought a semblance of normalcy was emerging following the negative impacts of the Easter Sunday terrorist attacks last year, they’ve been hit by another blow in the form of COVID-19. The infectious disease caused…
Ambeon Holdings PLC, a medium sized diversified conglomerate was recently adjudged as the Most Innovative Company in Sri Lanka for the year 2019 by Global Banking and Finance Review – the leading financial and banking magazine in the UK. The Group was recognized and conferred this prestigious award for being future centric, embracing technology, inculcating…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider launched ‘Sayuru’ a free, tri-lingual and fully-fledged SMS and Voice messages based weather and warning service for fishermen across coastal communities developed by Department of Fisheries and Aquatic Resources in partnership with the Department of Meteorology. A considerable amount of the total population in the coastal areas…
Mr. Sanjaya Mohottala assumed duties on Monday (02) as Director General of the Board of Investment of Sri Lanka, the Investment Promotion Agency of the Government of Sri Lanka. In his address to the senior staff Mr. Mohottala shared his vision for BOI, and how Sri Lanka’s position can be enhanced as an attractive investment…
Hotel Developers Lanka PLC has announced the appointment of Veteran actor Lal Weerasinghe, to its board of directors with effect from 28th February 2020. Accordingly, Lal Weerasinghe will serve in the capacity of Non-Executive Director. Lal Weerasinghe was a Director for the “Social Security Board” from 2010 to 2013. He also served as a Media Secretary for the “Road Development…
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