6E to operate daily flights from Chennai, Bengaluru starting January 20, 2018 Colombo soon to be its 8th international and 49th overall destination on 6E network In its endeavour to expand and strengthen its growing network, IndiGo, India’s largest and fastest growing low-cost carrier, today shared its operational plans from Colombo. With daily direct flights…
Reuters – Sri Lanka aims to raise $500 million this month via development bonds and is in the process of divesting two state-owned hotels, the central bank and a ministry said on Monday, as the government faces unprecedented debt repayment this year. President Maithripala Sirisenea’s administration must repay an estimated 1.97 trillion rupees ($12.85 billion)…
Trade between Australia and Sri Lanka has surged to a record high of A$1.3 billion in 2016-17, on the back of strong growth in trade in services, up more than 27 per cent. Growth for the year overall was more than 15 per cent, continuing the strong trend growth of 8.6 per cent over the…
The Ministry of Finance and Media announced yesterday (7th Jan.) that the government has been able to achieve Rs 21.9 billion surplus in the primary balance of the fiscal accounts during the first ten months of the year 2017 which is for the first time in the last 63 years. Stating that this is due…
Tourist arrivals to Sri Lanka reached an all-time high of 2,116,407 in 2017 according to the latest data released by the Sri Lanka Tourism Development Authority. The arrival figure for 2017 represents a 3.2 growth or 65,595 more arrivals over the preceding year when the figure crossed the 2-million mark for the first time. The…
Now you can trade government securities on your own terms and directly grow your own wealth Monday, January 08th 2018, Colombo: In an effort to take government securities trading to the future and make it more accessible to all, CAL (Capital Alliance) recently launched its latest innovation – CALiper, a state-of-the-art digital app that facilitates…
Bloomberg – Veteran investor Mark Mobius, the bald-headed market guru who became one of the most recognized authorities on money-making opportunities in Africa, Asia, Eastern Europe and Latin America, plans to retire from Franklin Templeton Investments after three decades at the firm. The company announced his retirement, effective Jan. 31. After accepting a job offer from…
Reuters – Sri Lankan shares rose on Friday, closing the first week of the new year on a firm note, on the back of heavy foreign buying in blue chips. The Colombo Stock Index ended 0.85 percent firmer at 6,514.73, its highest close since Nov. 11. It rose 2.3 percent this week, in its second…
The government has taken steps to promote the export of agricultural products by enhancing Trincomalee Port, the Secretary to the Ministry of Mahaweli Development and Environment, Anura Dissanayake disclosed today. Describing development activities related to Moragahakanda multi-purpose irrigation project, Mr. Dissanayake said that Polonnaruwa – Trincomalee highway is being developed to reach the destinations within…
Overseas Companies are acting and holding themselves out as insurance brokers, when they are clearly not authorized to do so. These companies are not Registered Insurance and Re-Insurance Brokers in Sri Lanka, as required by the Regulation of Insurance Industry Act No. 43 of 2000, industry sources said. The said companies are not located in Sri Lanka nor do they have the required license from…
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