Travelers in need of a Schengen Visa will need to pay a higher visa fee starting from January 2020. The changes come after the European Union Council gave the final nod to an updated Schengen Visa code, today. According to a press release of the EU Council, the Schengen visa fees will increase for 33.3% from 60…
Reuters – Sri Lankan shares ended a shade firmer, snapping a four-session losing streak to edge up from the lowest close in nearly three weeks the previous session, while the rupee ended slightly weaker on mild importer dollar demand, market sources said. ** On May 31, the central bank cut its key interest rates to…
Leisure Industry Veteran and successful hotelier Rohan Karr has assumed duties as the Executive Director/Managing Director of the Hayleys Leisure sector effective from 1 June 2019. In a disclosure statement issued to the Colombo Stock Exchange (CSE), the company confirmed Karr’s appointment. Accordingly, Karr will be managing the Hayleys hotels as the Managing Director of…
Sri Lanka Central Bank will be procuring a new foreign reserve Management System instead of the present system which expires in 2021. The cabinet had approved Finance Minister Mangala Samaraweera’s proposal to procure a new system to replace the existing system. The central bank of Sri Lanka has set aside Rs.3 billion for its Technical…
Second time in less than 12 months SriLankan Airlines achieved the remarkable feat of being named the World’s Most Punctual Airline yet again, with 90.75% of its flights in May 2019 being ‘on-time’ throughout its route network. This is the second time in less than 12 months that SriLankan has achieved this milestone, having…
The cabinet of ministers has approved a proposal presented by the minister of plantation industries Navin Dissanayake to implement an awareness program with combination of the ministry of Upcountry new villages, Infrastructure and Community Development to upgrade life condition of estate workers. Even though the government has introduced several amenities to upgrade the living conditions…
The proposal presented by the Minister of Health, Nutrition and Indigenous Dr. Rajitha Senarathne, upon the recommendation of cabinet appointed procurement committee to purchase 600 million tons of full cream milk powder for the production of Thriposha from Milco (pvt) Ltd, in order to create a healthy society free of malnutrition, was approved by the…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of business and activities of the Primary Dealer Unit of Pan Asia Banking Corporation PLC (PABC) for a period…
Unilever’s Global CEO Alan Jope arrived in Sri Lanka on an official visit recently to review Unilever Sri Lanka’s operations and engage with employees of the organisation. Joining him was Sanjiv Mehta – Executive Vice President South Asia and CEO/MD of Hindustan Unilever Limited. The visit comes at a crucial time for the country as…
The International Chamber of Commerce (ICC) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today to mark the world business organization’s 100-year anniversary. ICC represents over 45 million companies in over 100 countries, with a mission to make business work for everyone, every day and everywhere. The Bell Ringing event…
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