Sri Lanka Tourism is participating in the Arabian Travel Market (ATM), the tourism industry’s leading travel and tourism exhibition within the Middle Eastern and Pan Arab regions, in Dubai from 25 -28 April, 2016. The Arabian Travel Market opened its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums,…
Women’s Chamber of Industry and Commerce (WCIC) once again will lend voice to amplify the good work that women in businesses are doing in the Country when it hosts the prestigious ‘Woman Entrepreneur of the Year Awards’ in August this year. The premier national awards programme will celebrate the achievements of the most successful within…
The Central Bank of Sri Lanka has declared 02 May as a special bank holiday. This is in lieu of 01 May, International Workers’ Day falling on a Sunday. Meanwhile, responding to a query by Adaderana Biz, a spokesman from the Colombo Stock Exchange said that the Stock Market would not be open for any…
Most of the Foreign Direct Investments (FDIs) that had flowed into Sri Lanka during 2015 has been from Hong Kong. Meanwhile, the Mauritius Islands, Netherlands, China and India have been identified respectively as the other countries which have made FDIs in Sri Lanka during the year. Most of these FDIs have been towards land development,…
Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka showcased the power and versatility of their signature Toyota, Hino and Pirelli brands at the recently concluded Foxhill Supercross 2016. Sri Lanka’s premier annual motor sporting event was held at Diyatalawa on Sunday 24th 2016 under the patronage of Commander of…
Hemas Maritime (Pvt) Ltd, a member of the Hemas Group engaged in shipping, chartering, and related services, today announced that the Company has been appointed by Evergreen Lines as its General Agent in Sri Lanka. This appointment will also support the Hemas Group’s future goals of expanding in the shipping and logistics sectors enhancing Sri…
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel II-compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka) (EXP)’. The issuance is to total LKR6bn, with the debentures to mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. Sampath Bank plans…
The Finance Ministry has take a decision that export earnings should be brought in to Sri Lanka within a specific time period and if this is not followed it would be considered a breach of the Exchange Control Act, said Deputy Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe in response to…
Semi Annual Meetings (Spring Meetings) of the World Bank (WB) and the International Monetary Fund (IMF) was held in the World Bank and IMF Headquarters in Washington DC during 13 – 17 April, 2016. Finance Ministers representing almost 189 member countries were represented at this meeting. The meetings focused its attention on international economic and…
The airline is looking at starting flights to Iran, Jordan and Lebanon SriLankan Airlines plans to launch new destinations and increase frequencies to the Middle East over the next two years amid a government-led restructuring process. The Sri Lankan government said earlier this month the state-owned carrier will have to restructure, including dropping unprofitable routes,…
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