Second time in less than 12 months SriLankan Airlines achieved the remarkable feat of being named the World’s Most Punctual Airline yet again, with 90.75% of its flights in May 2019 being ‘on-time’ throughout its route network. This is the second time in less than 12 months that SriLankan has achieved this milestone, having…
The cabinet of ministers has approved a proposal presented by the minister of plantation industries Navin Dissanayake to implement an awareness program with combination of the ministry of Upcountry new villages, Infrastructure and Community Development to upgrade life condition of estate workers. Even though the government has introduced several amenities to upgrade the living conditions…
The proposal presented by the Minister of Health, Nutrition and Indigenous Dr. Rajitha Senarathne, upon the recommendation of cabinet appointed procurement committee to purchase 600 million tons of full cream milk powder for the production of Thriposha from Milco (pvt) Ltd, in order to create a healthy society free of malnutrition, was approved by the…
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 business and activities of the Primary Dealer Unit of Pan Asia Banking Corporation PLC (PABC) for a period…
Unilever’s Global CEO Alan Jope arrived in Sri Lanka on an official visit recently to review Unilever Sri Lanka’s operations and engage with employees of the organisation. Joining him was Sanjiv Mehta – Executive Vice President South Asia and CEO/MD of Hindustan Unilever Limited. The visit comes at a crucial time for the country as…
The International Chamber of Commerce (ICC) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today to mark the world business organization’s 100-year anniversary. ICC represents over 45 million companies in over 100 countries, with a mission to make business work for everyone, every day and everywhere. The Bell Ringing event…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, showcased download speeds in excess of 1.4Gbps using a commercial 5G mobile handset, the highest speed that has been achieved via a mobile handset in South East Asia. Mobile 5G services were demonstrated on the 3.6Ghz trial spectrum that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL)…
Reuters – Sri Lankan shares ended almost flat in dull trade on Thursday, but posted their lowest close in nearly three weeks, while the rupee ended slightly firmer, market sources said. ** On Friday, the central bank cut its key interest rates to support its faltering economy as overall business and consumer confidence slumped following…
In a corruption, fraud and cyber-crime rampant world, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its capacity as an influential professional body, has played an exemplary role in strengthening the skills of professional accountants and accounting students to combat these growing dangers. In line with this important objective, CA…
The proposal made by Minister of Transport and Civil Aviation, Arjuna Ranatunga, to purchase railway cross road security systems for Sri Lanka from M/s Kernex Micro Systems Pvt. Ltd (India) for US $8.18 million was approved by the cabinet of ministers. Established in 1991, Kernex Micro Systems Pvt. Ltd has engaged in the business of…
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