The entire city of Colombo has come alive with the festive vibes at the moment, and adding to the enthusiasm, Sri Lanka Tourism is looking forward to welcome the New Year with an entire line up of fun and entertainment, and mainly with the purpose of attracting both local and foreign tourists, showcasing a glimpse…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) increased to 4.0% in December2023 from 3.4% in November 2023. This increase in the headline inflation is mostly in line with the projections envisaged by the Central Bank of Sri Lanka (CBSL) in November 2023. After five months of continuous deflation, the Food category…
The Financial Stability Review (FSR) of 2023 encapsulates the developments in the financial system, the risks and vulnerabilities identified thereof, and the policy measures taken by the Central Bank and other regulatory institutions in addressing such risks during the review period, which primarily covers data up to end September 2023. The electronic version of the…
Reuters – Chinese smartphone maker Xiaomi (1810.HK) took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world’s top five automakers. The sedan, dubbed the SU7 with the SU short for Speed Ultra, is a highly anticipated model that Chief Executive Lei Jun touted as having…
SriLankan Airlines recently welcomed the arrival of a wide-bodied Airbus A330-200 aircraft wet-leased from Air Belgium, giving a further boost to its fleet. The aircraft has 22 Business Class and 240 Economy Class seats and is scheduled to operate on the Frankfurt, Dhaka and Dubai routes with effect from 29 December 2023. A second aircraft…
Aitken Spence Travels, Sri Lanka’s premier destination management company, proudly celebrated the arrival of the first Bulgarian charter flight for the Winter 2023/24 season at the Mattala Rajapaksa International Airport (MRIA) on the 27th of December 2023. Operated by ‘Bulgaria Air,’ the flight brought over 200 enthusiastic holidaymakers eager to explore the wonders of Sri…
By Rasith Wickremasinghe COYLE Chairman 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…
Sri Lanka’s merchandise exports increased by 4.4% to US$ 968.8 Million in November 2023 compared to October 2023 as per the provisional data released by the Sri Lanka Customs.However, it is a 2.67 % decrease when compared to the value recorded in November 2022. The Figure 1 shows the comparison of Monthly Merchandise Export Performance…
Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC. This transfer is aimed at fostering a more cohesive and integrated approach across…
Swift Resolutions to Address the Challenges in Muslim Religious Education. Dedicated Attention to the Issues Faced by the Hill Country Tamil Community. Freedom of Expression, Unrelated to Terrorism or Attempts to Incite Revolution, should be Permitted. Let us collaborate for a Prosperous and United Sri Lanka – The President Extends a Renewed Invitation to All…
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