Sri Lanka’s external sector reflected a modest performance in the month of October 2015 with lower trade deficit, continued growth in tourist earnings and a moderate increase in workers’ remittances. Despite the slowdown in imports during the recent months, the cumulative trade deficit as at end October 2015 increased by 2.5 per cent mainly due…
Colombo bourse extended its losing streak for the fourth consecutive day as stocks declined across the board driving the Benchmark index and the S&P SL index both to 52 week lows of 6775.27 and 3546.45 respectively. Benchmark index decreased by -42.38 index points or -0.62%, while the 20-scrip S&P SL index shed -26.73 index points…
‘Sri Lanka Next’, a landmark campaign to take Sri Lanka towards the BlueGreen era, was formally initiated on 6th January 2016 under the aegis of President Maithripala Sirisena at the Bandaranayake Memorial International Conference Hall (BMICH). A series of strategic policy announcements and national initiatives and activities have been planned throughout the year to familiarize…
SriLankan Airlines, the first Asian airline to operate the four-engine Airbus A340 aircraft, will bid goodbye to the last of its A340s after more than two decades in service, with a final commercial flight today, (January 7, 2016). SriLankan introduced the A340 on 1st September 1994, at the time when it was the most sophisticated…
Colombo Land and Development Company PLC (CLDC), a leading real estate development company in Sri Lanka announced the appointment of Mr. Vasula Premawardhana as the Chief Executive Officer of CLDC with effect from the 1st of January 2016. Mr. Vasula Premawardhana is an accomplished professional with over 20 years of comprehensive professional and commercial experience…
Pioneer of ‘The Open Society’ and large-scale financial investor George Soros who attended the ‘Sri Lanka Economic Forum 2016’ which began today (07 January) said the achievements of the Sri Lankan government within a short period has impressed him. “I researched Sri Lanka when I was invited to this forum. I was impressed by what…
Reuters – China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as investors feared the Asian giant could trigger competitive currency devaluations from trading partners. China’s stock markets were suspended for the rest of the day less than half an hour after opening as a new circuit-breaking mechanism…
SriLankan Airlines became the first airline to offer BBC News, AFP Sports and AccuWeather with live updates while in flight on the latest Thales Avant System, giving passengers real-time information on news, sports and weather around the world. While BBC News and AFP Sports keep passengers up-to-date on the latest happenings and scores, they can…
The Indian Hotels Company Limited, the second largest shareholder of Taj Lanka Hotels PLC disposed of 34,375,640 shares of the hotel amounting to 24.62 per cent of the company’s issued capital to IHOCO BV of Amsterdam, the Netherlands at the consideration of Sri Lankan Rs. 25 per share. The total transaction amounted to Rs. 859.39…
The First Joint Commission International accredited hospital in Sri Lanka, Durdans Hospital, recently appointed veteran medical administrator Dr. Wimal Karandagoda as its Chief Operations Officer and Director Medical Services. Dr. Karandagoda taking up his new position on the first of January 2016 said, “It is indeed a privilege and honour for me to take up…
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