The high-profile Ministry of Crab, with its flagship restaurant in Colombo, Sri Lanka, is all set to open in the city at the Tribhovandas Bhimji Zaveri (TBZ) West End building on 14th Road, Khar, Mumbai sometime in February this year, according to a latest report from Mid-Day Newspaper in India. The report quoted Vijay Zaveri,…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) decreased to 0.4 per cent in December 2018 from 1.0 per cent in November 2018. The decrease observed in year-on-year inflation in December 2018 is driven by the decrease of prices of items in both Food and Non-food categories. Year-on-year Food inflation decreased to -4.5 per cent…
Reuters – ** Sri Lanka’s rupee closed slightly weaker on Monday, snapping two straight sessions of gains, due to dollar demand from banks and importers. ** Stocks fell 0.5 percent to their lowest close in eight weeks. ** The rupee ended at 181.75/90 per dollar on Monday, compared with 181.50/65 in the previous session, market…
A recent report on Bloomberg titled “South Asia Tops the Ranks of World’s Highest Real Interest Rates” written by Michelle Jamrisko, points out that Sri Lanka, Pakistan and India rank in the top five of the world’s major economies with the highest inflation-adjusted interest rates. The report goes in to explain that “A political crisis…
Sri Lanka’s Tourism sector has earned over US $ 4 billion in 2018 with a steadily increased revenue of 11.6% compared to 2017, the Sri Lanka Tourism Development Authority data outlines. The latest data highlights that an average duration of stay per person is 11 days in Sri Lanka, while average daily expenditure is…
British based the Economist Group owned Economist Intelligence Unit (EIU) is forecasting a growth rate of below 5% for Sri Lanka over the next five years, though it expects a pickup in 2019 in comparison to last year, a latest report outlines. The latest Country Report of EIU, released recently, notes that an unstable political…
VUCA is an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity, a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations, of the external environment. It give us the feeling “Hey, it’s crazy out there!”. VUCA has become a trendy managerial acronym in today’s business world. Why it is more important…
Home-grown video medical consultation platform, oDoc is gearing up for a rapid expansion in the scale of its domestic operations having recently secured over Rs. 40 million in equity-free grant funding from the GSMA Ecosystem Accelerator Innovation Fund. The platform has facilitated more than 6,000 consultations since launch and signed up over 20 corporates covering…
It has been reported to the Central Bank of Sri Lanka (CBSL) that a phishing attempt has been initiated targeting mainly the financial institutions of Sri Lanka and the phishing emails appear to be sent from the Employees Provident Fund (EPF) Department of CBSL with the subject “Notice From Central Bank Of Sri Lanka EPF”….
Mr.Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Mr.Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) today, 17.01.2019 with blessings of the Triple Gem at the Chairman’s office of SLPA. Speaking at the event, Hon.Minister of Port, Shipping and Southern Development Sagala Ratnayaka remarked of…
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