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All in difficulties if false election promises given – Video interview

The Pathfinder Foundation which is keen on economic reforms has made politicians aware of important economic issues that should be taken into consideration when political parties prepare their manifestoes for the upcoming general elections. This is an interview with Pathfinder Executive Director Lakshman Siriwardena where he stressed on the issues concerned:

(0)Comments | June 16, 2015 12:44 pm

Sri Lanka’s latest economic growth

Sri Lanka’s economy has grown by 6.4 per cent during the first quarter of this year and the services sector has contributed more than half towards the island’s Gross Domestic Product (GDP), says the Department of Census & Statistics. When compared to the first quarter of 2014, during the first quarter of this year tea…

(0)Comments | June 16, 2015 11:42 am

Emirates and Flybe announce codeshare agreement on 25 UK routes

Emirates, a global connector of people and places, has announced a new codeshare agreement with Exeter-based Flybe, Europe’s largest regional airline, which is set to open up new destinations for Flybe and Emirates passengers across the UK*. The new agreement will see Emirates’ code added to 25 Flybe routes across the UK (subject to regulatory…

(0)Comments | June 16, 2015 11:08 am

Kolkata-Colombo direct flight to take off from Wednesday

Kolkata is all set to have direct flights to Colombo, starting this Wednesday. Sri Lanka government’s low-cost carrier Mihin Lanka will operate the service thrice a week from the Netaji Subhas Chandra InternationalBSE 1.49 % Airport. The direct air link will cut down travel time to the Sri Lankan capital by three hours, president of…

(0)Comments | June 15, 2015 5:17 pm

Colombo stocks start weekly operations on optimistic note

Colombo equity market started weekly operations on optimistic note where main index advanced for the second consecutive day, reflecting the positive investor sentiment. Main index inclined by 17.69 index points or 0.25% to end at 7,078.97 while 20-scrip S&P SL index gained 12.95 index points (+0.33%) to close at 3,926.96. Price appreciations in high cap…

(0)Comments | June 15, 2015 5:07 pm

Sri Lanka, Kerala business chambers to hold economic dialogue forum in Kerala

Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and the Federation of Indian Chambers of Commerce and Industry (FICCI) will hold the fourth round of Indo-Ceylon Economic (ICE) Dialogue in Kochi, Kerala, from July 2 to 5. Following three successive Indo-Ceylon Economic dialogue forums held in Sri Lanka, the fourth ICE forum…

(0)Comments | June 15, 2015 4:53 pm

SriLankan launched Asia’s first voluntary carbon offset programme

National Carrier, SriLankan Airlines launched its Voluntary Carbon Offset programme,”flygreen” coinciding with the World Environment day, recently. The official Environment Day event was held at Airline Centre, Katunayake with the participation of the staff members and students from nearby schools. Implemented under the “Planet-friendly SriLankan” initiative in collaboration with the International Air Transport Association (IATA),…

(0)Comments | June 15, 2015 4:09 pm

Warning on Central Bank losses – Video Interview

Serious attention has to be drawn over the Central Bank of Sri Lanka having incurred losses during 2013 and 2014, warns an academic in economics. This is an interview with Central Bank of Sri Lanka’s former Deputy Governor W.A. Wijewardene:

(0)Comments | June 15, 2015 11:46 am

EDB & JAAF showcase Lankan apparels to Latin America

As Sri Lankan annual apparel exports closed in on the crucial $5 Bn mark, South America’s largest apparel market was given a preview of Lankan fashion when the Brazil International Apparel Sourcing Show 2015 (BIAS 2015) opened in Sao Paulo on 27 May. Lanka’s EDB and Joint Apparel Association Forum (JAAF) officials led a delegation…

(0)Comments | June 15, 2015 10:00 am

Sri Lanka government revenue to grow 30 percent in 2015

Sri Lanka’s government revenue will increase by at least 30 percent in 2015, but the new administration is struggling to repay the massive debts on infrastructure projects incurred by the previous government, Finance Minister Ravi Karunanayake said. Since assuming power after the January 8 presidential elections the government has slowed many infrastructure projects amid allegations…

(0)Comments | June 13, 2015 11:22 am