The Presidential Secretariat has opted to cease the maintenance of the itukama.lk website, initially employed for awareness and fundraising during the Covid-19 pandemic. Following the successful containment of the virus, the website’s operation concluded on the 28th of October, 2022. Presently, only a record of advertisements and funds related to it is available on the…
Union Bank announced the appointment of Mr. Nirvana Chaudhary as the Chairman of Union Bank with effect from 21 December 2023. Mr. Chaudhary was appointed as a Non-Executive, Non-Independent Director to the Union Bank Board in October 2023. Mr Chaudhary has extensive experience as a business leader and is presently the Managing Director of CG…
Ambassador of Sri Lanka to Thailand and Permanent Representative to UNESCAP C.A. Chaminda I. Colonne paid a courtesy call on Minister of Tourism and Sport, Sudawan Wangsuphakitkosol at the Ministry of Tourism and Sport of Thailand on 19th December 2023. Minister Sudawan Wangsuphakitkosol warmly welcomed Ambassador Chaminda Colonne, and Ambassador congratulated the newly appointed Minister….
Fitch Ratings: The 2024 global credit outlook is driven by four key themes, Fitch Ratings says in a new report. The first is a continued feedthrough of sustained higher interest rates on demand, liquidity, funding and asset quality. Second, an expected sharp slowdown of the US economy. Third is global asset-quality deterioration. Finally, heightened financial…
By Rasith Wickremasinghe COYLE Chairman් The Sri Lankan economy currently grapples with the significant challenges presented by a complex financial situation unfolding in unprecedented ways. As the country tackles the intricacies of this economic turmoil to overcome fiscal obstacles, there is a prevailing sense of concern among the populace. Against this backdrop, the nation contends…
Banks exercise their legally-enshrined right to Parate Execution as a last resort, and the overarching objective is the protection of depositors’ funds that have been lent to borrowers, the Sri Lanka Banks Association (SLBA) has said in a statement to the media. Responding to what it termed as lobbying by a group of defaulting borrowers…
Emirates SkyCargo, the cargo arm of the world’s largest international airline, wraps up a major year of growth and investment in both its current and future operations. Signalling its confidence in the essential role air cargo will continue to play in global trade, the airline has made significant leaps towards its long-term strategic growth plans…
SriLankan Airlines has added a newly leased Airbus A320 aircraft bearing the serial number 4R – ABS to the fleet bumping up its total aircraft count to 22. Leased for six years, the aircraft arrived from Malaysia to Colombo last night (21 December 2023) and will be put into service immediately after customization and branding….
In a timely demonstration of the country’s export potential among the developing East Asian markets, Sri Lanka made a remarkable presence at the Vietnam Expo 2023 in Ho Chi Minh City, creating waves of excitement and fostering new opportunities for bilateral collaborations. Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Vietnam…
In a resounding triumph for Aitken Spence Hotels, Heritance Kandalama claimed the #1 spot in the prestigious LMD Customer Excellence Annual Survey 2023 under nationwide hotels, with managed hotel Earl’s Regency making it to the top 15. The Customer Excellence survey by LMD is conducted over a three-month period, and serves as a benchmark for…
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