SriLankan Airlines (www.srilankan.com) has further enhanced its reputation as one of the most punctual airlines in the world, by being rated as the most on-time member airline of the oneworld global airline alliance in the fourth quarter of 2016, by the global flight data monitoring firm OAG. oneworld has for many years been rated as…
There have been several media reports recently raising concerns with respect to the Employees’ Provident Fund (EPF). An internal examination is currently underway under the direction of the Monetary Board on transactions of EPF in Government securities during 2015 and 2016. The law enforcement authorities have also been requested to carry out an external independent…
The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore recently. The mission was organized to coincide with the SBF Seminar on Doing Business and Opportunities in Sri Lanka followed by One-to-One Business Meetings which was organized by the Singapore Business Federation (SBF); the Apex…
Faced with increasing price control issues in its domestic market, Sri Lanka started swiftly enforcing new protection measures on 21 January to safeguard its consumers from errant traders. “The Investigation Officers’ Force of Consumer Affairs Authority ensures good practices in the retail markets to safeguard our 21 million consumers” declared Minister of Industry and Commerce…
RIYADH: A Sri Lankan labor delegation has agreed to follow Saudi Arabia’s Musaned online recruitment system following a meeting with senior officials. A four-member Sri Lankan team headed by G.S. Withanage, secretary at the Ministry of Foreign Employment, met with Deputy Minister of Labor and Social Development Ziyad AI-Sayegh at the headquarters of the Labor…
Prime Minister Ranil Wickremesinghe and Vietnam Prime Minister Nguyen Xuan Phuc held discussions about strengthening the bilateral relations between Sri Lanka and Vietnam during the World Economic Summit in Switzerland. It was stressed that these relations should be strengthened based on the traditions and culture which are same for both countries. Vietnam PM said that…
Professor Sir Robert Watson is a leading authority on climate change, having led the UN Intergovernmental Panel on Climate Change (IPCC), which was awarded the Nobel Peace Prize in 2007. He is the current chair of the Intergovernmental Platformfor Biodiversity and Ecosystem Services. He had also served as the Chief Scientific Advisor to the Office…
An iconic Sri Lankan property development continues to attract significant international investor interest, its developer reports following participation in a major industry event in China. Indocean Developers, promoter of the rapidly-rising Altair twin tower in Colombo, was among 138 top notch exhibitors from 37 countries at the Luxury Property Showcase (LPS) in Shanghai recently. Considered…
Reuters – Jan 20 New Zealand and Sri Lanka will open diplomatic posts in each other’s nations and are considering a free trade agreement, the Pacific country’s trade minister said on Friday. New Zealand trade minister Todd McClay and Sri Lankan Prime Minister Ranil Wickremesinghe instructed officials to consider a framework to boost economic ties,…
Reuters – Jan 19 Sri Lankan stocks hit a more than one-week closing low on Thursday, falling for a fourth straight session, as uncertainty over foreign investments and rising yields on short-term government securities hurt investor sentiment. Block deals however boosted turnover to a three-week high. The Colombo stock index ended down 0.33 percent at…
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