Standard Chartered Sri Lanka’s National Long-Term Rating has once again been affirmed at ‘AAA(lka)’ by Fitch Ratings Lanka with a Stable Outlook. According to a statement by Fitch Ratings, the Bank’s support-driven credit profile is among the strongest in the country’s rated entities, and as a result, the rating is at the highest end of…
Emirates has announced it will increase its services to Colombo from six to seven flights a week, with the seventh weekly flight commencing 3rd May. The additional service will serve rising market demand and enhance connectivity to and from Colombo via Dubai. The added flight will operate every Monday. Emirates flight EK650 will depart Dubai…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 5.1 per cent in March 2021 from 4.2 per cent in February 2021. This was due to the statistical effect of the low base prevailed in March 2020. Meanwhile, Food inflation (Y-o-Y) increased to 8.8 per…
Consulate General of Sri Lanka in Sydney in association with the Sri Lanka – Australia Chamber of Commerce (SLACC) organized a business networking meeting during an official visit undertaken by the Consul General Mr Lakshman Hulugalle. The event was held on Monday, 22 March 2021 at the OJ Wordsworth Room of the Queensland University of…
The Hindu – Sri Lanka has decided to postpone launching the proposed “travel bubble” with India, in the wake of the recent surge in Covid-19 cases in India, officials at the Ministry of Tourism here said. “We are just postponing the bubble, this is not a cancellation. When things get better in India, we look forward to launching…
The shares of WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, will commence trading on the Main Board of the Colombo Stock Exchange (CSE) from the 22nd of April 2021 onwards, following its highly-successful Initial Public Offering (IPO). The strong showing of the shares on the opening days…
The 8th edition of “Coffee, Tea, Cacao Russian Expo-2021” started on March 11, 2021 at Music Media Dome in Moscow and lasted for three days till March 13, 2021. This year Coffee, Tea, Cacao Russian Expo-2021 brought together 170 companies which were exclusively for Coffee, Tea and Cacao. The Ceylon Tea stand was officially opened…
The Planters’ Association of Ceylon (PA) called on Government and Public Health officials to ensure that estate-sector workers made a top priority in the COVID-19 vaccination drive, given their essential contributions to the national economy. In a backdrop where COVID-19 cases are once again on the rise both locally and globally, while preparations are already…
WindForce Limited, the latest company to list on the Colombo Stock Exchange, acquired Solar Universe (Pvt) Ltd, which has won a tender to develop a 10MW solar power plant in Vavunathivu. Solar Universe is owned in conjunction with Vidullanka PLC and HiEnergy Services (Pvt) Ltd, where each of the three shareholders own an equal stake…
The tourism industry connoisseurs – Uga Escapes, Walkers, and Taru Villas have joined hands with SriLankan Airline’s leisure arm – SriLankan Holidays to establish a multi-brand collaboration and partnership to add value to their customers’ holiday experience. These collaborative partnerships intend to promote domestic and inbound tourism through packaged holidays and thereby revive the national economy which has been battered by the coronavirus pandemic….
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