Reuters – Sri Lanka’s shares fell for a third straight session to a more than 5-1/2-year low on Tuesday as investors awaited a budget vote later in the day to assess the political stability of the government led by Prime Minister Ranil Wickremesinghe. ** Sri Lankan Finance Minister Mangala Samaraweera last week presented the 2019…
A number of countries have grounded Boeing’s 737 MAX 8 medium-haul workhorse jet in response to the Ethiopia crash. Singapore and Australia on Tuesday banned the use of Boeing 737 MAX aircraft in their airspace following a deadly plane crash in Ethiopia on Sunday. The Civil Aviation Authority of Singapore (CAAS) said in a statement that it…
Industry specialists representing diverse sectors recently evaluated the economic and tax perspectives arising from the 2019 National Budget at the CA Sri Lanka Budget Seminar held recently at the Hilton Colombo. The event was attended by a large number of professionals including Chartered Accountants. CA Sri Lanka President Mr. Jagath Perera delivered the welcome speech….
The Government has infused nearly Rs. 300 billion cash to the economy of Sri Lanka following a host of recent measures taken to address the liquidity issue, Addressing Sri Lanka’s Chamber of Young Lankan Entrepreneurs (COYLE) 20th anniversary, Sri Lanka’s Prime Minister Ranil Wickremesinghe on Sunday (10) revealed. Premier had further said the Treasury has…
Myanmar’s Eleven Media group owned Eleven Myanmar Daily Newspaper in a recent report quoting Sri Lanka’s State Minister of Finance Eran Wickramaratne has pointed out that ‘Rating agencies downgrade Sri Lanka to junk status’. The report further stated that Sri Lanka was downgraded from B1 to B2 by Moody’s Credit Rating and Standard &…
SriLankan Airlines, armed with several industry certifications of the highest recognized global standards, has positioned itself as the finest institution in South Asia for aircraft engineering Maintenance, Repair and Overhaul (MRO) for all airlines in the region. Vipula Gunatilleka, Group Chief Executive Officer of SriLankan Airlines, said: “SriLankan Airlines is the best choice for…
London Stock Exchange Group (LSEG) has announced that Dee Liyanwela has been appointed as the Head of LSEG Technology Sri Lanka, in addition to his role as Group Head of Shared Service Centres. LSEG Technology, formerly known as MillenniumIT, develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for…
Sri Lanka Tourism Promotion Bureau (SLTPB) consolidated its So Sri Lanka’ brand idea at the 52nd ITB in Berlin by rolling out the next phase of its strategic brand identity. SLTPB presented a captivating documentary film to the global media at the ITB press conference held on 7th of March as the digital film launched…
Reuters – Sri Lankan shares ended at a 5-1/2-year low and the rupee fell on Monday as investors awaited a budget vote on Tuesday to assess the political stability of the government led by Prime Minister Ranil Wickremesinghe. ** Sri Lankan Finance Minister Mangala Samaraweera last week presented the 2019 budget that raises spending while…
The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. The main highlights are: Consolidated revenue grew by 6 per cent to LKR 18,232 million during…
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