The much looked forward to event SATA 2017 has commenced the countdown. The ceremony will be held in the Maldives from the 27th October to the 29th at the ‘Equator Village’ as the host and all other hotels in the ADDU ATOLL better known as ADDU CITY will be celebrating the SATA 2017 as well. …
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III-compliant subordinated debentures a National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected rating assigned on 18 September 2017, and follows the receipt of documents conforming to information already received. The notes, the first Basel III-compliant subordinated debt in Sri…
Reuters – Sri Lankan shares ended marginally higher on Tuesday in heavy trade, near a nine-week closing high hit last week, as foreign buying boosted investor sentiment, brokers said. Foreign investors bought a net 499.3 million rupees ($3.25 million) worth of equities on Tuesday, extending their year-to-date net foreign inflow to 20.6 billion rupees worth…
The Golden Crown Hotel, a super luxury 5 star property located on 2 acres of beautifully landscaped gardens in Kandy and designed by renowned architect Dr. Upendra Rajapakse, will shortly open for the festive season. Owned by The Golden Crown Hotel Pvt. Ltd., which is a subsidiary of Serene Holdings, who already operate Serene Grand…
Commends RPCs for investments into replanting over and above similar initiatives in smallholder sector Strongly criticizes complete failure in procedure for banning of glyphosate Attacks Government failure to adequately fund Tea Research Institute Calls for urgent improvements to urban townships, a relocation of workers out of plantations Addressing a gathering of the country’s most respected…
oneworld® has been named Best Airline Alliance for the fifth year in a row in the 2017 Business Traveller awards – confirming oneworld’s position as the most highly prized global airline alliance. oneworld is the current holder of seven of the leading “best airline alliance” titles available in the various Industry award schemes. Besides the…
‘Govi Mithuru’ Service to Support Information Outreach Efforts Unilever Sri Lanka initiated a partnership with the Sri Lanka Federation of Tea Smallholders and Dialog Axiata PLC to support the over 400,000 smallholder tea farmers in Sri Lanka. This comes at a time when the nation is celebrating 150 years of Ceylon Tea. Often following…
Tourist arrivals into Sri Lanka have registered a drop of 2.3 percent during the month of September 2017. While 145,077 tourists have arrived in Sri Lanka during September, the arrivals for the corresponding month in 2016 had been 148,499. Meanwhile, the total number of tourist arrivals during the first nine months of 2017 has been…
Reuters – Sri Lankan shares ended lower on Monday, slipping from a nine-week closing high hit in the previous session, as investors booked profits in banking and diversified stocks, but continued foreign buying helped boost sentiment, brokers said. The Colombo stock index ended 0.2 percent weaker at 6,515.84, edging down from its highest close since…
Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country. And Sri Lanka has done well—5 percent growth is nothing to scoff at. However, Sri Lanka needs to create an environment that fosters private-sector growth…
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