SriLankan Airlines launches ‘SriLankan Travel Fest’ offering an amazing discount of 40% on Business Class to over 35 destinations when booked through its online channel www.srilankan.com. An upcoming promotion will also offer a discount of 25% on Economy class tickets when booked through the airline’s official online platform. www.srilankan.com. This offer gives travelers the freedom…
HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) Friday (19). The ceremony was organized to celebrate the inclusion of HNB Assurance PLC in the S&P SL20 Index following the 2019 mid-year index review. Chairperson Ms. Rose Cooray, Managing Director/CEO Mr. Deepthi Lokuarachchi, Director Dr. Sivakumar Selliah, Chief Operating Officer Mr….
WB Senior Regional Managers meet in Colombo to show solidarity World Bank Vice President for South Asia Region, Hartwig Schafer said that the World Bank will increase assistance to Sri Lanka under three of its new operations. They include assisting the agriculture sector faced with climatic vagaries, irrigation, renewable energy, climate resilience operations and renovation…
The much awaited Ceylon Tea Global Campaign, which faced delays due to several reasons, will be launched in September this year in Russia. “Finally we were able to get over the red tape and the government procedure, as you know the government tender procedures, which are burdensome and launch the campaign,” Minister of Plantation Industries…
State-run investment promotion agency, Board of Investment (BOI) yesterday (18) said it had signed an investment agreement with a foreign firm to set up an entertainment park in the suburbs of the capital Colombo that will add to its tourist attractions. BOI said Fantasy Island (Pvt) Ltd. will invest US $ 4 million to set…
New Delhi (CNN Business) – Bill Gates is no longer the world’s second-richest person. That title now belongs to French billionaire Bernard Arnault. Arnault, the CEO of luxury goods maker LVMH (LVMHF), overtook Gates Tuesday on the Bloomberg Billionaires Index. It’s the first time since the index was created seven years ago that Gates has dropped out of the top two….
(Reuters) – Sri Lankan shares rose for the seventh consecutive session on Thursday to hit a more than four-month closing high, led by gains in diversified and banking stocks, while the rupee edged down on importer dollar demand. ** The benchmark stock index gained 0.89% to 5,695.69, its highest close since March 8. ** The…
The Central Bank of Sri Lanka requested licensed banks and Non-Bank Financial Institutions (NBFIs) to reduce interest rates on deposits with effect from 29 April 2019. This measure was taken to accelerate monetary policy transmission through the financial sector, enabling licensed banks to reduce their interest rates on lending products in general, and to SMEs…
The Board of Investment (BOI) of Sri Lanka and edotco Sri Lanka, an integrated telecommunications infrastructure services company today entered into an agreement to invest in the latest Smart City solutions and energy efficient systems towards further developing the country’s connectivity landscape. Under this agreement, the BOI grants edotco Sri Lanka the approval to deploy…
~ Emphasis made on Labour Migration as one of the key issues that needs further research and review The Community Development Services (CDS) together with Helvetas Swiss Intercooperation in Sri Lanka and OMG Public Relations of the Omnicom Media Group Sri Lanka and supported by the Embassy of Switzerland in Sri Lanka, conducted a sensitization…
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