The 13th U.S.-Sri Lanka Trade and Investment Framework (TIFA) Joint Council Meeting was held on June 19 & 20, 2019 in Colombo, Sri Lanka. The meeting was inaugurated by Hon. Malik Samarawickrama, Minister of Development Strategies & International Trade, and Assistant United States Trade Representative (AUSTR), Mr. Christopher Wilson. At the outset, AUSTR Wilson extended his…
SriLankan Airlines in an effort to improve tourism between India and Sri Lanka organized a MICE promotions activity by bringing in 200 travelers from Chennai last week. Accordingly a groups of travelers from Chennai arrived Sri Lanka in a fact finding mission to promote Sri Lanka as safe destination to travel. Upon their arrival the…
Representation of all Lufthansa Group Airlines in the country:Lufthansa German Airlines, Austrian Airlines, Brussels Airlines, SWISS and Edelweiss United Ventures (Private) Limited to complete Lufthansa Group Airlines representation effective June 2019 Two weekly flights of SWISS sister company Edelweisson Colombo-Zurich route confirmed for winter schedule 2019/20 The Lufthansa Group has today announced the appointment of…
Standard Chartered acting as the Joint Lead Manager and Joint Bookrunner successfully priced a US$ 175 million, five-year Fixed Rate Senior Unsecured Reg S issuance for Srilankan Airlines, guaranteed by the Democratic Socialist Republic of Sri Lanka at 7.00% yield. This is the first international bond offering by a Sri Lankan Corporate since 2014 and…
(Reuters)-Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won’t be squeezed out anytime soon, the Bank for International Settlements (BIS) said on Sunday. The social media group’s announcement last week that it wants to expand into payments and launch its own coin Libra…
Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH) PLC, with the approval of its shareholders at a general meeting ,has announced a new Employee share option Plan (“ESOP schemes” ) amounting to 1.50 % of the issued share capital of the company , which not more than 0.5% will be issued annually over a period…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 3.5 per cent in May 2019 from 3.6 per cent in April 2019 due to the high base prevailed in the corresponding month of the previous year. Meanwhile, in May 2019, year-on-year Food and Non-food inflation recorded…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set…
China donated a batch of security equipment to the Sri Lankan Parliament on Wednesday (19) worth nearly Rs.60 million to ensure the safety of the parliament following the Easter Sunday attacks. The security equipment, including three portable x-ray machines and five walk through metal detectors were handed over to speaker Karu Jayasuriya by Chinese Ambassador…
Despite challenges, Nation Lanka Finance PLC is currently exploring opportunities both locally and overseas for potential partnerships and mergers where capital infusion, technical expertise and financial muscle for new credit lines and opportunities can be sourced. “Facilitating sustainable growth for the Company, on a solid financial footing is the highest priority of the Board” says…
Video Story
