In its latest annual report, Jetwing Symphony PLC Chairman Mr. Hiran Cooray has addressed significant concerns regarding recent developments affecting Sri Lanka’s tourism sector. Mr. Cooray commended the collaborative efforts of President Ranil Wickremasinghe, Minister Harin Fernando, and tourism authorities, which have contributed to the country’s impressive recovery as a tourism destination. However, Mr. Cooray…
Reuters – Sri Lanka has given Elon Musk’s Starlink, the satellite unit of SpaceX, preliminary approval to provide internet services there, the president’s office said on Thursday. Sri Lanka fast-tracked the approval process after Musk met with President Ranil Wickremesinghe last month in Indonesia on the sidelines of the 10th World Water Forum. Sri Lanka’s…
Bloomberg – Sri Lanka and a group of creditors are in advanced talks over a deal aimed at restructuring the nation’s debt with bilateral lenders, according to people familiar with the matter. The government and members of the official creditor committee, which includes India, Hungary and the Paris Club, are exchanging draft versions of the…
Air India, India’s leading global airline, has selected Hayleys, Sri Lanka’s leading blue-chip multinational conglomerate, as its General Sales Agent for passenger sales in Sri Lanka. Leveraging the expertise, scale, and reliability of the Hayleys Group, the partnership will further enhance Air India’s presence in Sri Lanka to support the airline’s ongoing transformation and global…
World’s first tea estate to receive the Regenerative Agriculture certification World’s first intellectual tourism concept World’s first tea estate to establish a biodiversity conservation center Halgolla Estate, a subsidiary of Kelani Valley Plantations (KVPL), proudly announced a historic achievement with a triple crown of world firsts at a press conference bringing together local and global…
United Petroleum Lanka Pvt Ltd has entered into a contract on June 4th 2024 with Board of Investment of Sri Lanka (BOI) with an Investment of U$ 27.5 Million, as part of the agreement signed in between Ministry of Power & Energy to supply Petroleum products in Sri Lankan Market. This event came into live…
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country’s economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and digitally-driven…
High Commissioner of Sri Lanka to the UK Rohitha Bogollagama, and Chairman of the CPCEC and the BOI Dinesh Weerakkody, together with Minister (Commercial) of the High Commission Somasena Mahadiulwewa and the representatives from private sector of Sri Lanka, paid a visit to Dover Port Marina in the UK on 31 May 2024. Chief Executive…
Despite a year marked by numerous challenges, Vallibel One Group has achieved notable financial success, securing its position as a leading conglomerate in Sri Lanka. The Group recorded a net profit of Rs. 17.44 billion for the financial year 2023-24. This performance is underscored by a robust final quarter (January-March 2024), during which the Group…
In a bid to boost pilgrim tourism, Sri Lanka Tourism invited prominent outbound travel agents and ten leading Buddhist media influencers from India to participate in an exclusive B2B networking session and immersive cultural experience during the Vesak celebrations. The event commenced on the 22nd of May 2024 at the Hotel Ramada Colombo, aiming to…
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