The number of complaints made by the foreign countries with regard to illegal fishing activities in their Exclusive Economic Zones by the registered Sri Lankan fishing boats are on the increase. At the same time, the trend in abusing fishing boats for drug trafficking, human trafficking as well as illegal transportation of goods outside the…
(Reuters) – Sri Lankan shares rose for the second straight session on Wednesday to a near 12-week closing high, as investors bought diversified stocks ahead of a key policy rates announcement later this week. ** Sri Lanka’s central bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after…
The monthly pricing formula which regulates fuel prices in Sri Lanka is to be implemented today (10). Fuel prices are reviewed every 10th day of the Month under the fuel pricing mechanism introduced in May 2018. Although fuel prices in the world market declined in June 2019, the State-run Ceylon Petroleum Corporation increased Octane 92…
Forbes – Virgin Galactic, the commercial spaceflight company founded by billionaire Richard Branson, said Tuesday it had agreed to a deal with venture capitalist Chamath Palihapitiya’s investment company that would make it the first publicly traded space tourism company. Under the terms of the deal, Social Capital Hedosophia (SCH) will invest $800 million for a…
The European Union’s (EU) Counter-Terrorism Coordinator, Mr Gilles de Kerchove, will visit Sri Lanka and the Maldives from 11-16 July 2019. The visits aim to support the two countries in their respective efforts to step up security and develop a better exchange of experiences. While in Sri Lanka, Mr. de Kerchove will meet high-level representatives…
Sri Lanka will start off again with the ‘free visa on arrival’ service, in a bid to boost tourist arrivals during the lean months said Ministry of Tourism Development, Wildlife & Christian Religious Affairs john Amaratunga. Accordingly, visa-on-arrival scheme for citizens of 39 countries will be implemented from 1 August, after the move, which was…
Waters Edge recently announced its profits for the month of June 2019, revealing that the company recorded a profit of Rs.18.5 million, despite difficulties the local tourism and hotel industries experienced after the major decline in arrivals and business due to the tragic Easter Sunday terror attacks. The company sees this as a major achievement…
(Reuters) – Sri Lankan shares closed slightly firmer on Tuesday, hovering near an 11-week closing high hit last week, as investors bought banking stocks ahead of a key policy rates announcement later this week. ** Sri Lanka’s central bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after…
The Board of Investment of Sri Lanka signed recently a new Investment Agreement with Wakana JPN (Pvt) ltd. The Agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the BOI and on behalf of the company by Mr. Hiroyuki Ota, Director and Mr. T. G. Sunil Wickrama, Director. This Agreement…
The Sri Lanka Land Reclamation and Development Corporation has taken steps to launch a passenger boat service from Colombo Fort to Union Place through the Beira Lake to ease traffic congestion in the city. The first observation tour of the air conditioned passenger boat produced by the Sri Lanka Navy took place under the patronage…
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