The inaugural event of “The Indian Ocean: Defining our Future” Conference, which aims to create a platform for Indian Ocean littoral states and major maritime users to discuss issues of mutual interest and concerns, was held under the patronage of President Maithripala Sirisena at the Temple Tress, today (11). The conference is being held today…
Sri Lanka’s Prime Minister Ranil Wickremesinghe had recently said that the Colombo Stock Exchange (CSE) will have smiles on their faces soon, referring to a possible return of biggest private sector workers’ pension fund – Rs. 2 trillion – EPF to the stock market, though with stricter new guidelines. “The CSE will have smiles on…
Reuters – ** The Sri Lankan rupee hit a record low for a sixth straight session on Wednesday as importers and foreign banks bought the dollar amid outflows from government securities, while stocks ended weaker for a second straight session. ** The rupee fell to an all-time low of 171.60 per dollar, surpassing the previous…
A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange recently. The Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka…
RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence Unit (RIU) said…
Mirror – Gina Lyons, 33, and Mark Lee, 35, from London, decided to purchase a rustic hotel after drinking rum on the beach while on holiday – and have renamed it ‘Lucky Beach Tangalle’ A pair of newlyweds got so drunk on their honeymoon they bought their own hotel. Gina Lyons, 33, and Mark Lee,…
Fitch Ratings Lanka Limited has assigned Dialog Finance PLC (DF) a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. KEY RATING DRIVERS NATIONAL RATINGS DF’s rating reflects Fitch’s view that support would be forthcoming from Dialog Axiata PLC (Dialog), the largest mobile-telecommunication and pay-TV operator in Sri Lanka. The assessment is based on Dialog’s…
Reuters – Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500 million for the island nation as it seeks to bolster its finances, the finance minister said on Tuesday. Sri Lanka faces repayments on expensive infrastructure foreign loans starting this…
Reuters – ** The Sri Lankan rupee hit a record low for a fifth straight session on Tuesday on strong dollar demand from importers and foreign banks amid outflows from government securities, while stocks snapped a four-day winning streak and ended marginally weaker. ** The rupee fell to an all-time low of 171.00 per dollar,…
SriLankan Airlines was honoured with a prestigious Four Star Rating in the Major Regional Airline category by the Airline Passenger Experience Association (APEX) for the second year running. APEX (www.apex.aero) is the world’s only non-profit membership trade association dedicated to improving the entire airline passenger experience. The ratings are based on the feedback of passengers…
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