The BCCI has bagged INR 16347.5 crore (US$ 2.55 billion) for its IPL television and digital rights from a single bidder, Star India, who made a single consolidated offer for rights worldwide. The rights are for a five-year period from 2018 to 2022. The development in Mumbai on Monday marked a change in the rights…
SriLankan Airlines wishes to notify the general public that there is a fake airline survey currently circulating on the internet and social media including messenger apps, mentioning SriLankan Airlines offering free tickets. This is NOT a SriLankan Airlines promotion. This is a malicious and false site that is attempting to prey on our valued customers….
Vision 2025 ‘A Rich Country’, the Economic Development Plan of the government for the next eight years will be unveiled today (4th Sept.) 3.00 p.m. at the BMICH. It will be launched by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.
The Embassy of Sri Lanka in Stockholm organized a promotion on tourism and culture. “A Glimpse of Sri Lanka” on 26th August 2017 at Norrmalmstorg, a venue situated in the heart of the city of Stockholm. The strategic location and the warm sunshine enduring throughout the day, drew large crowds providing just the right milieu,…
The 27th edition of the FACETS International Gem & Jewelry Exhibition began on the 31st of August 2017 with a grand inauguration ceremony at the BMICH. Gracing the event as chief guest was the honorable Prime Minister, Ranil Wickremasinghe, along with a number of members of parliament, representatives of the Diplomatic Co, members of the…
Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, with both asset quality and profitability under pressure. “The economy will only see a modest growth rebound as the government’s fiscal constraints continue to limit public investment and private spending, despite stronger goods and services exports,” says Srikanth Vadlamani, a Moody’s…
Reuters – International cocaine smugglers are increasingly turning to Sri Lankan as a transit hub in Asia, authorities say, after they made a series of seizures of the drug, some smuggled in containers of sugar from Brazil. Sri Lankan customs have seized six shipments of high-purity South American cocaine in 14 months, including Asia’s largest-ever…
IFC, a member of the World Bank Group, is extending a $50-million financing facility to Sri Lanka’s Nations Trust Bank PLC. The funds will enable the bank to expand its lending in the Small and Medium Enterprise segment across the country. This will boost access to finance for SMEs, helping to create jobs and increasing…
Reuters – Sri Lankan shares were flat at the close of trade on Thursday, as gains led by industrial and telecom counters were offset by losses in stocks of manufacturing companies. The Colombo stock index edged up 0.01 percent to 6,390.74, but fell 0.3 percent during the week, its seventh straight weekly fall. It has…
Sri Lanka’s first EU-GMP, PIC/S compliant facility to enable exports of pharmaceuticals to international markets Navesta Pharmaceuticals Private Limited has set the benchmark for the local pharmaceutical manufacturing sector by opening the Country’s first sterile pharmaceutical manufacturing plant in Horana. Navesta Pharmaceuticals is Sri Lanka’s first European Union Good Manufacturing Practices (EU-GMP) and Pharmaceutical Inspection…
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