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…
India & SL share deep Buddhist roots. Emperor Ashoka with an eye for the future secured stability in the region by internationalizing the Buddhist civilization. Those who analyze India, China & SL conflicts will have to consider scientific developments & climate change challenges in addition to social & cultural issues in future. Below are two…
Sri Lanka’s Export Development Board (EDB) completed a comprehensive 6-week export coaching programme aimed at assisting small and medium-sized enterprises (SMEs) with an export potential, registered under EDB New Exporter Development Programme (NEDP) to develop their Export Marketing Plans as the 1st step in their journey towards becoming export-ready. New Exporter Development Programme implemented by…
Delivering a significant address at the 19th Annual General Meeting of the Inland Revenue Commissioner’s Association, convened at the Kingsbury Hotel Wednesday (20), President Ranil Wickremesinghe revealed an extensive strategy for fostering economic growth in Sri Lanka. Underscoring the importance of a transformative approach, President Wickremesinghe outlined essential areas of concentration to drive the nation…
Gary Mehigan, the distinguished British-Australian celebrity chef and former original judge of MasterChef Australia, embarked on a profound weeklong exploration through the enchanting landscapes of Sri Lanka. This immersive journey followed a remarkable 3-day culinary experience hosted in collaboration with Cinnamon Hotels & Resorts. Immersing himself in the essence of Sri Lankan cuisine, culture, and…
Reuters – Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948. The “higher than anticipated” rise follows the inflow of $787 million in funds this month from…
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