Sri Lanka’s premier literary event returns as a five-day festival, kicking off on January 13, 2016, as the Fairway Galle Literary Festival 2016, where a highly-anticipated roster of internationally- and locally-renowned headliners, including writers, authors, historians, poets and biographers, will once again take centre stage. The 2016 festival team welcomes on board Fairway Holdings as…
The government is preparing to complete the 8.9 kilometre stretch of the outer circular highway connecting the Southern Expressway at Kottawa Junction on which work began during the former government and to open it to the public on 08 August. Work is also to begin on the third phase of the 9.32 kilometre stretch of…
The first phase of construction work on the Colombo-Kandy Expressway will begin today (03 August) with the participation of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, says the government. The first phase of the Colombo-Kandy or Central Expressway is planned for construction from Kadawatha to Mirigama while its second phase would be from Mirigama…
Emirates’ A380 route network has been extended even further with the launch of a daily A380 flight to Madrid yesterday, the 35th international A380 destination on the airline’s network. Emirates is the first airline to offer a scheduled A380 service to Madrid which coincides with the five year anniversary of the airline’s Spanish operations. The…
Volkswagen overtook Toyota as the world’s largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target. But staying on top will be a challenge for the German maker of the Golf and Polo, as deliveries are falling in China, destination of a third of its global sales,…
Half of the world’s estimated online population now check in to the social networking giant Facebook at least once a month. Facebook said the number of people who use it at least monthly grew 13% to 1.49 billion in the three months to the end of June. The number is equal to half of the…
Acquisition of Luxe Asia will give Thomas Cook India significant presence in Sri Lanka with destination management capabilities and the Indian Ocean region Tour operator Thomas Cook (India) Ltd on Thursday said it has acquired Luxe Asia Pvt. Ltd, a destination management company based in Sri Lanka. The company did not disclose the value of…
Under a situation where the cooperation and guidance of the Chairman and Commissioners of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) appointed by the previous government not forthcoming, the total activities of the Commission have become defunct, says Prime Minister Ranil Wickremesinghe. He adds that that it has become difficult even to…
Finance Minister Ravi Karunanayake is planning the Budget for 2016 to achieve a five-pronged main target. Accordingly, the under mentioned objectives would be the main thrust of the upcoming budget: • Reduce the budget deficit to 5.5% of Gross National Production • To maintain the state investment level between 6 – 8% of the GDP…
Colombo stock market indices stretched the gains on Friday, as investors’ sentiment remained bullish. The Benchmark All Share Price index gained 18.08 points or 0.25% to end at 7,332.05 while S&P SL 20 index gained 13.99 points (+0.34%) to end at 4,119.07. The market ended the month of July with positive returns where the main…
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