Haul of six awards including Golds for overall excellence, sector, integrated reporting, and sustainability reporting Diesel and Motor Engineering (DIMO) PLC swept the boards at the CA Sri Lanka Annual Report Awards 2015, winning the overall Gold Award for the best annual report in the competition, as well as Gold awards for Integrated Reporting, Sustainability…
The airport authorities in Chennai have received requests from national carrier Air India to operate flights Sunday after the AAI announced day-time operations of passenger flights from the airport, says ‘The Indian Express’. Schools and colleges in Chennai will remain shut tomorrow (Monday) due to heavy rains in the capital city. The Indian Meteorological Department,…
Vehicle Importers Association of Lanka President Indika Sampath Merinchige in an exclusive interview with Ada Derana Biz:
Following the announcement by the Indian aviation authorities that the aerodrome of the Chennai Airport will be closed for commercial operations till December 8, SriLankan Airlines has been compelled to cancel more flights. Accordingly the flights, UL 121, UL 122, UL 127, UL128, UL 123, UL 124 of December 6, UL 125, UL 126, UL…
SriLankan Airlines and Mihin Lanka have arranged a special flight to bring back a group of 120 pilgrims who were stranded in the Buddhist holy city of Bodh Gaya (Buddha Gaya) by the floods that have ravaged parts of India. The elderly pilgrims are being sheltered by the Prelate of the Buddhist vihara in Gaya….
Colombo Bourse recorded a 5-month low turnover on another lackluster trading session on Friday and concluded the weekly operations on a negative note. The dull trade pulled the index to a low of 6,856 during the morning session but with the support of gains in several blue-chips, the index managed to recover and close at…
Sri Lanka’s hotel industry is set for more growth, with direct benefit to the economy project for the coming years. The focus remains on involving the local community in building the sector as it is developed to strengthen the economy. The government has identified tourism as a sector with strong growth potential and a key…
Moody’s Investors Service says that continued GDP growth is driving the stable outlook for Sri Lanka’s banking system. “While seeing some slowdown compared to the growth rates seen in 2013-14, GDP growth in Sri Lanka should remain healthy at 6.7% over 2015-16. And an accommodative monetary policy should support this growth outlook,” says Srikanth Vadlamani,…
The government has obtained Cabinet approval for a draft bill to increase the minimum salary of private sector employees to Rs. 10,000 per month. The government has made this decision after consultations with the National Labour Advisory Council and various trade unions. The current minimum salary has been decided based on the monthly minimum per…
The 2016 budget proposed to charge a certain amount on withdrawals of cash from banks. This proposal stated that a charge of two per cent would be imposed on cash withdrawals of Rs. 01 million to Rs. 10 million and three per cent on cash withdrawals of over Rs. 10 million. Accordingly, if a depositor…
Video Story
