Bloomberg – SriLankan Airlines Ltd. missed a third coupon payment on its dollar bond due later this year, according to a filing on Tuesday. The company said a further event of default would occur because it doesn’t intend to pay the coupon due on Dec. 25, having already missed payments in December 2022 and June…
Gulf News – Saudi Arabia has announced a reduction in the fees for recruiting domestic workers from several countries, including the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia. The revised fees unveiled by the Ministry of Human Resources and Social Development are: From SR15,900 to SR14,700 for the Philippines; from SR15,000 to SR13,800 for Sri…
Addressing the Business Roundtable organized by BOI Sri Lanka and the Swiss-Asian Chamber of Commerce yesterday, during his official tour to Switzerland to attend the 54th Annual Meeting of the World Economic Forum, President Ranil Wickremesinghe highlighted significant strides in Sri Lanka’s economic recovery and outlined future growth prospects. President Wickremesinghe began by acknowledging the…
Over the next few decades, everyone will undoubtedly reap the benefits of these investments. Urgent global action is required to expedite climate change mitigation efforts. Unfortunately, actual actions fall short of the committed initiatives. Developing nations bear the consequences of global leadership failures – President emphasizes during the Swiss Green Technology Forum. President Ranil Wickremesinghe…
The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka with tyres supplied by CEAT Kelani Holdings as the preferred tyre supplier. CEAT Kelani recently renewed its commitment to Suwa Seriya, undertaking to provide tyres for five ambulances free of charge and to provide…
The final day of the Inco Exhibition 2024, organized by the Institution of Incorporated Engineers Sri Lanka (IIESL), saw a prominent visit from State Minister of Technology, Kanaka Herath. Minister Herath toured the exhibition floor, engaging with exhibitors and showcasing the government’s commitment to fostering local innovation and technological advancements. The Inco Exhibition, held from…
The Sri Lankan construction industry is facing the toughest periods in its history due to the negative effects of the economic downturn. The sharp reduction of construction activities since the start of 2023 has pushed the industry into near collapse, a fate the key industry players think is made more inevitable with the anticipated exponential…
The Egyptian Ambassador to Sri Lanka and Maldives, H E Maged Mosleh paid a courtesy call to the State Minister of Investment Promotion, Mr. Dilum Amunugama. In this meeting, the matters to be done by both parties regarding the expansion of bilateral trade and investment opportunities between Egypt and Sri Lanka were widely discussed. Egypt…
Everyone, starting from gem polishers, should reap the benefits. Not prepared to grant tax concessions that exclusively favour a selected few – Says President. President Ranil Wickremesinghe expressed his commitment to propel significant advancements in Sri Lanka’s gem industry within the next two years. To achieve this goal, he intends to implement a new program….
Unilever Sri Lanka today announced the appointment of Ali Tariq as its new Chairman and CEO with effect from 1st February 2024. With this appointment, Ali will also join Unilever’s South Asia leadership team. Prior to this, Ali served as the CFO for Global Transformations at Unilever’s Headquarters in London. Ali joined the Group in…
Video Story
