John Kerry is making the first visit to Sri Lanka by a U.S. secretary of state in a decade, seizing a rare opportunity to champion democratic reform and to tighten ties at a strategic crossroads in the vast Indian Ocean. The top American diplomat arrived early Saturday local time in Colombo, where he planned to…
SriLankan Airlines has marked the first anniversary of its entry into oneworld® by entering into a landmark code-sharing agreement with American Airlines, a founder member of the global airline alliance. The flag carrier of Sri Lanka became part of oneworld on 1 May 2014 as the first airline from the Indian sub-continent to join any…
Colombo equity market wrapped the weekly operations on optimistic note as the positive investor sentiment continued for the third consecutive day. All share index rallied to 7,193 mark in the opening hours but failed retain the momentum. Main index managed to bag 5.63 index points (+0.08%) to end at 7,179.00 while 20-scrip S&P SL index…
The government is preparing to introduce a constitutional draft bill to raise the salaries of private sector employees. Accordingly, the Cabinet has approved a proposal put forward by Labour Minister S.B. Navinna. The government says this draft bill would include provisions for making the minimum monthly salaries of all private sector employees as Rs. 10,000…
The Board of Investment of Sri Lanka has entered into an agreement with the UK based Oxford Business Group for a deep study of the investment and economic opportunities in Sri Lanka and present this information to global investors. Under this agreement, five economic analysts from Oxford Business Group are to arrive in Sri Lanka,…
Following Indian Prime Minister Narendra Modi’s visit to Sri Lanka on 14 March, he announced that the Reserve Bank of India would extend a currency swap facility amounting to USD 1.5 billion to the Central Bank of Sri Lanka. Accordingly, a currency swap agreement between the two Central Banks was signed on 25 March, 2015…
Colombo stock market closed with positive returns on Wednesday, reflecting an optimistic market sentiment induced by the change in the constitution with the vast majority of the parliament. All share index end at 8 week high where main index advanced by 38.94 index points or 0.55% to end at 7,173.37 while 20-scrip S&P SL index…
After successfully leading Serendib Flour Mills for 15 years, the company’s former CEO Sathak Abdul Kadar has been appointed as Serendib Flour Mills’ new Chairman with effect from 1st of May 2015. With decades of experience behind him, Sathak will now play an advisory role at the company, handling legal affairs and building government and…
Due to favourable weather conditions Sri Lanka’s tea production has seen an increase of 17.5 per cent in March this year when compared to March 2014, says the Sri Lanka Tea Board. Sri Lanka’s tea production during the first quarter of 2015 has risen by 07 per cent when compared to the same period in…
After charming Bollywood with her beauty and talent, the gorgeous Jacqueline Fernandez is all set to leave her mark in the Sri Lankan industry as well. The pretty lady is to make her Sri Lankan debut in ‘According To Matthew’ where she plays the mistress of a murderous pastor. The film, directed by Chandran Rutnam…
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