SriLankan Airlines has launched a loyalty programme with a host of benefits for foreign employment agencies. Foreign employment agencies are a crucial intermediary, often making travel choices on behalf of migrant workers who rely on them to take care of their travel requirements. A segment generating multiple millions of dollars in revenue annually, SriLankan has a…
The World Health Organization today commended Sri Lanka for enacting a legislation on trans-fat to protect health and prevent premature deaths from coronary heart disease. “Eliminating trans-fats from food supplies is a cost-effective measure with enormous health benefits. By enacting legislation on trans-fat, Sri Lanka has once again demonstrated its resolve to protect and promote…
The Embassy of Sri Lanka in Iran celebrated the International Tea Day in Tehran on 21 May 2023 together with a Mobile Promotion Event of Ceylon Tea. The Event was arranged in collaboration with the Sri Lanka Tea Board and Iranian Tea Research & Development Expert and Social Media Activist Hassan Afshari. The function focused to raise…
Ambassador of Sri Lanka to Indonesia, Admiral Professor Jayanath Colombage had a luncheon meeting with the representatives of the Indonesian Chamber of Commerce and Industry (KADIN) on 19 May 2023 in order to pursue trade and investment opportunities for Sri Lanka. During the meeting, the Ambassador made awareness on Sri Lankan trade products that can…
Transformation and the creation of new business models leveraging digital disruption was the focus of the second edition of the Commercial Bank of Ceylon’s Leadership Readiness Forum (LRF), one of the elements of the Bank’s ongoing Middle Management Development Programme. More than 140 members of the Bank’s middle management attended the forum while another 100…
Pelwatte Dairy, the leading local dairy brand in Sri Lanka that produces a range of dairy products and saves valuable foreign exchange, has unveiled its new corporate office in Colombo 3. Pelwatte Dairy’s new corporate home is located at one of the most central and highly accessible locations along the well-known Galle Road within the…
AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This 4-time weekly flight service is slated to commence operation on 9 Jul 2023 with special promotional all-in fares starting from LKR 29,900* one way to experience the vibrancy of Thailand. During its…
The Group reported a resilient performance during the year, amidst the unprecedented challenges in the operating environment, recording a recurring EBITDA growth of 17% to Rs.45.74 billion. This is despite the substantial EBITDA recognition of Rs.6.30 billion from the revenue of the handover of the residential apartment units and commercial floors at ‘Cinnamon Life Integrated…
The Government’s expectation of turning to green finance was announced in Budget 2023. Funds gained from such bond issues can be used for renewable energy, energy efficiency, green buildings, clear transportation, sustainable water & waste water management, pollution prevention, governance and circular economy, adaptation to climate change, conservation of biodiversity and sustainable management of natural…
Colombo, Sri Lanka: An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic developments and implementation of the Fund-supported program . At the conclusion of the visit, Messrs. Breuer and Nozaki issued the following statement: “During the visit,…
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