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 Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period…
Ranil Rajapakse, Senior Vice President and Chief Operating Officer at IFS R&D International was elected as the Chairman of the Sri Lanka Association of Software and Services Companies (SLASSCOM) on 28thJune at the Annual General Meeting held at the Galle Face Hotel, Colombo. Addressing the gathering, Ranil stated that having a strong country brand and…
Colombo’s newest international education college ‘UTS Insearch Sri Lanka’ was officially launched in Colombo yesterday (5) under the patronage of Prime Minister Ranil Wickremesinghe. Attending the launch event were: Australia’s High Commissioner to Sri Lanka, His Excellency David Holly; Deputy Vice-Chancellor and Vice-President (International) for the University of Technology Sydney (UTS), Iain Watt; Managing…
The tourism arrivals in June has almost doubled to 63,072 from 37,802 in May, though 57% lower compared to the previous year, and year to date performance remains negative. According to the latest data released by the Sri Lanka tourism development authority arrivals in June was down by 57% from the corresponding month of last…
Atlas Axillia Co., a Sri Lankan owned and operated company and one of the most loved local brands, will commemorate its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country, including the launch of a scholarship programme and a new range of innovative stationary products. Further, the…
(Reuters) – Sri Lankan shares ended firmer on Thursday, touching their highest intraday gain in more than eight months, a day after the government launched a $2.2 billion Japanese-funded project, boosting investor sentiment; while the rupee ended steady. ** The benchmark stock index jumped 1.8% to its highest percentage gain since Nov. 1, 2018. The…
The Cabinet this week gave approval for the Government to revise the Fiscal Management (Responsibility) Act No. 3 of 2003 to increase responsibility in not meeting deficit targets. The Government Fiscal activities of Sri Lanka are handled under a Fiscal Management Responsibility Framework introduced by the Fiscal Management (Responsibility) Act, No.3 of 2003 enacted for…
The chairman of Cargills Ceylon PLC Louis Page says that the company will continue to take action against unrelated retail stores infringing ‘food city’ trademark. “Cargills Food City is the only retail chain with geographic representation across the country through its 380 supermarkets. Our commitment to improving the customer experience by providing quality items at…
The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to its main operational hub in Katunayake. “It is business as usual for all our valued customers as none of the key sales and customer centric frontline operations will be relocated contrary to…
Prime Minister Ranil Wickremesinghe yesterday (3) noted that the continuing endorsement of Sri Lanka as the world’s best travel destination for 2019 by Lonely Planet is a great strength for the island. “At the beginning of the year, Sri Lanka was named as the world’s best destination for tourist to visit. Nevertheless, after that Easter…
Video Story
