A key finding of the Sri Lanka Labour Force Survey is that there is a labour demand of nearly half a million in the private sector institutions having more than three employees, says Director General of Census and Statistics, Dr. Amara J. Satharasinghe. Indicating the results of the survey the DG added that there is…
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly…
Prime Minister of Singapore Lee Hsien Loong will make a three-day official visit to Sri Lanka starting Monday (Jan 22), during which both countries will ink a bilateral free trade agreement, according to the news report published today by the Singapore newspaper ‘TODAY’. During the visit, PM Lee will call on President Maithripala Sirisena, while…
The Thai Ambassador to Sri Lanka Ms Chulamanee Chartsuwan promised President Maithripala Sirisena that the cooperation between the two countries will be implemented in the future with introduction of programs on using modern technology for the agricultural sector including introduction of the Post-Harvest Technology and getting water through artificial rainfall. The Thai Government says that…
Hela Clothing, Sri Lanka’s leading global apparel solutions provider recently produced and shipped their one millionth garment from their factory in Ethiopia. A feat made more impressive considering the company only commenced operations in the country in June 2017. With 800 workers and 70,000 production hours logged it is the most efficient factory in Ethiopia…
Reuters – Sri Lankan shares snapped a seven-session streak of declines on Friday, recovering from a near three-week closing low hit in the previous session, as investors picked up battered blue-chip and banking shares. However, foreign investors, who have been net buyers of 2.7 billion rupees worth shares so far this year, sold equities worth…
WASHINGTON (Reuters) – The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security. In a dramatic late-night session, senators blocked a bill to extend government funding through Feb. 16. The bill needed…
Hemas Holdings PLC acquired 75.1% of Atlas Axillia Co (Pvt) Ltd, Sri Lanka’s leading School and Office brand, for a consideration of Rs. 5.7 billion. The existing shareholders of Atlas will retain a stake of 24.9% in the company post-acquisition. Nirmal Madanayake, Managing Director of Atlas Axillia Co. said “Atlas Axillia is on a great…
Employment and investment opportunities for Sri Lankans Singha Estate PLC a leading Thai real estate developer focusing on business expansion and investment via land purchases in high-potential locations and quality project development under the “Best in Class” concept in tandem with investment, joint investment, and M&As of businesses or assets with high–growth potential, launched Maldives’…
Emirates, the world’s largest international airline, announced a US$ 16 billion (AED 58.7 billion) deal for 36 additional Airbus A380 aircraft, with 20 firm orders and 16 options. Emirates’ A380 fleet operates both GE and Rolls-Royce engines, and the airline is evaluating engine options for its latest A380 order. The additional Airbus A380s will be…
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