Reuters – Asia’s top refiner, Sinopec Corp , is not interested in acquiring Shell’s refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company’s president said on Monday. Sinopec President Yu Baocai was speaking after sources last week told Reuters that Shell (SHEL.L) had…
Sri Lanka’s Export Performance in July 2023 Sri Lanka’s merchandise exports increased by 2.18 % to US$ 1,027.2 Million in July 2023 compared to June 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 11.79 % decrease when compared to the value recorded in July 2022. This declining…
The Central Bank of Sri Lanka (CBSL) has issued a statement clarifying that it had offered to meet with representatives of the protesters demonstrating near the Fort Railway Station in Colombo today, to discuss Domestic Debt Optimisation (DDO) programme. The communiqué said that a protest was held by a group of persons, who claimed themselves…
FitsAir, Sri Lanka’s first and only privately-owned low-cost airline and subsidiary of Aberdeen Holdings was adjudged as Asia’s most punctual airline in July 2023. Outflying its peers, FitsAir proudly earned the prestigious accolade for maintaining an impressive 100% on-time performance across its network of international flights. Reaffirming its unwavering dedication to consistently deliver on-time flights…
Today marks a significant milestone for Visa, the global leader in digital payments, celebrating its 35-year anniversary in Sri Lanka. This journey encapsulates the company’s unwavering commitment to the nation and signifies the pivotal role Visa has played in helping the country transition towards a comprehensive digital economy. Celebrating the milestone, Visa announced a pledge…
The Hambantota International Port (HIP) has joined hands with the Ministry of Youth Affairs’, Small Enterprises Development Division to bring about progressive change for entrepreneurs in the Hambantota District. “As a forward thinking organisation, committed to the wellbeing of the community, HIPG is dedicated to creating meaningful opportunities for small-scale entrepreneurs in our region. As…
Business Sentiment – Confidence at a Five Month Low Drastic disinflation after 19 months in double digits, questions regarding the impact of the domestic debt optimisation framework (DDO) and its impact on the fiscal outlook, and an easing of import restrictions are among the most recent vicissitudes on the minds of businesspeople. The Central Bank…
The National Cricket Team of Bangladesh, popularly known as The Tigers, became the latest international cricket stars to fly SriLankan Airlines. The team travelled from Dhaka to Colombo on UL 190 on 27 August 2023 to participate in the upcoming 2023 Asia Cup. SriLankan Airlines delivered a sixer in service for the special guests onboard,…
Historically recorded facts of the “Lakdiva Sea” are linked to India & SL. Sangamiththa (daughter of Ashoka) sailed in peace with the sapling while Kalinga Maga arrived with malice. Rulers of Jaffna sailed passing Mannar to attack Dematagoda (Colombo 09) & Panadura when they visited the Hindu temple dedicated to the god who protects cattle…
Reuters – The Australian government said on Saturday it will close effective immediately a loophole in its visa rules that allowed international students to enrol for cheaper vocational courses as soon as they arrive in the country. International students can undertake additional courses along with their core studies called the “concurrent study” rule, which is designed…
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