Sri Lanka’s China run Hambantota International Port (HIP) recently awarded a tender to Beijing-based Sinopec to operate and maintain the port’s oil tank terminal, along with associated facilities, as part of its efforts to become a strategic regional bunkering centre, the Maritime Standard (TMS), which is based in Dubai, that publishes a regular e-newsletter aimed…
DUBAI (Reuters) – Saudi Arabia advised its nationals to leave Sri Lanka, Al Ekhbariya state TV said on Tuesday, citing the kingdom’s embassy in Colombo. “Due to the current security situation in the Republic of Sri Lanka, the embassy advises citizens in Sri Lanka to leave,” the embassy said in a tweet. The advice follows…
Reuters – The Sri Lankan rupee closed weaker for the fifth consecutive session on Tuesday, as security alerts on possible further attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fifth day after hitting a more than six-year closing low last week. ** Sri Lankan officials said on…
Recently ISIS hit South Asian nation – Sri Lanka that was named to be the best destination to visit in 2019 by Lonely Planet early this year has taken an unprecedented step of ordering price controls on deposits to lower costs and boost margins of banks. Accordingly Sri Lanka’s Central Bank (CBSL) has set interest…
There is a firm potential to defeat terrorism – President re emphasizes President Maithripala Sirisena says that the government is responsible for working towards recovering and re establishing the tourism industry and the hotel chains and other business sectors that were badly affected due to the recent terrorist attack. A Cabinet Sub-Committee will be appointed at…
DUBAI (Reuters) – Tourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka’s Tourism Bureau Chairman Kishu Gomes predicted on Monday. Tourist arrivals in areas outside Colombo are likely to fall by about 30 percent as a result…
Minister of Finance Mr. Mangala Samaraweera will lead the Sri Lankan Delegation to the 52nd Annual Meeting of the Board of Governors of the Asian Development Bank to be held in Nadi, Fiji from 2nd to 5th May 2019. The Annual Meeting of the ADB Board of Governors provide opportunities for member governments to interact…
As at Monday, 29 April 2019 1700 hours, the number of foreign nationals who have been identified as killed is 42. The fatalities were: one (01) from Bangladesh, four (04) from China, eleven (11) from India, three (03) from Denmark, one (01) from Japan, one (01) from the Netherlands, one (01) from Portugal, two (02)…
For the first time amidst the recent ISIS attacks that shock Sri Lanka and all communities of the island nation, Sri Lanka’s one of leading transportation services app owning company PickMe Chairman who also served as a director on the board of country’s largest conglomerate John Keells Holdings before – Ajit Gunewardene in a public…
Reuters – The Sri Lankan rupee closed weaker for the fourth consecutive session on Monday, as worries about more attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fourth day after hitting a more than six-year closing low last week. ** Sri Lankan security officials have warned that…
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