Seychelles welcomed another new airline this week, only two days after Turkish Airlines landed at its international airport for the first time. This morning, Sri Lankan Airlines made its maiden flight to Seychelles International Airport. As customary with all inaugural flights landing at the Seychelles International Airport, the airbus received a water cannon salute upon…
The Insurance Association of Sri Lanka (IASL) has proudly announced that Sri Lanka has been selected to be the host country of the 12th Annual International Microinsurance Conference. The event will take place from the 15th-17th of November at Cinnamon Grand, Colombo. The Munich Re Foundation together with the Microinsurance Network first initiated the International…
A Japanese business delegation consisting of SME sector of that country, held talks with the Ceylon Chamber of Commerce, early this week. The delegation, a joint effort of the World Business Society of Tokyo Small and Medium Enterprise Consultant Association (WBS) and World Business Associates Company limited comprised representatives from Japanese SME companies engaged in…
Reuters – Sri Lankan shares closed Thursday at a near-two week high, helped by gains in blue chips and as foreign investors picked up beaten down stocks. The benchmark index of the Colombo Stock Exchange ended 0.2 percent higher, or 13.05 points, at 6,442.09, its second straight session of gains. Turnover stood at 217.7 million…
Sri Lanka owes its global debtors $65 Bn while the lower tariffs have brought in formidable challenges -and any tariff adjustments are only a temporary measure. Sri Lanka also seeks flexibilities as well as Special and Differential Treatments during future WTO negotiations. “Despite Sri Lanka’s commitments to trade liberalization, a lower tariff structure has forced…
It’s faster, smarter and more personalized than ever before Uber, the ridesharing app, today announced the launch of its new rider app, rebuilt completely from the ground up for the first time, since the last redesign in 2012. Re-engineered keeping in mind the changing needs of riders around the world, the new rider app aims…
The real estate giant, Blue Mountain unveiled the Blue Mountan Achilleion Cup with the presense of the captains of the both teams Rangana Herath and Greme Cremer in Harare prior to the opening on day of the first test match. The cup was presented by Dr. Hiran Hettiarachchi – Group Chairman of Blue Mountain and…
The Government entered into a loan agreement with the Asian Development Bank to obtain a loan of USD 60 million from the Asian Development Fund to implement the PuraNeguma – Local Government Enhancement Sector Project. This will be utilized for the Implementation of the safe drinking water supply schemes for the Chronic Kidney Disease prone…
The Colombo Stock Exchange stated that Equity One PLC, a public listed property development company has been delisted with effect from 02 November 2016. Hence, trading of Equity One PLC shares has stopped from yesterday. Carson Cumberbatch PLC owns the largest stake at Equity One PLC, which is 96.27 per cent. Subsequent to the regulation…
South East Asia’s Largest, Fully Integrated, Ultra-modern Tire Plant industrial zone rolling out a blue print for the nation’s future, with a 75 million US $ investment, is tipped to be the biggest fully integrated tyre manufacturing plant in the whole of South East Asia’s. Its primary aim is to leverage on the global reputation…
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