President Secretary Mr. Saman Ekanayake advised to appoint a committee to find out the problems that have arisen in connection with the water sport of white water rafting, which is a world-famous sport centered around the Kitulgala area due to the Broadland hydroelectric project. The President’s Secretary gave these instructions during the discussion held at…
The Golden jubilee partnership between Singapore Airlines and Aitken Spence as the General Sales Agent (GSA) in Sri Lanka was recently celebrated in grandeur at The Stables, Park Street Mews, Colombo. The partnership formed between Malaysia Singapore Airlines (MSA) presently known as Singapore Airlines (SIA) and Aitken Spence dates back to June 1972. Aitken Spence…
COLOMBO, Jan 24 (Reuters) – Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said on Tuesday. “There has been good progress this month with India already pledging financing assurances. We expect assurances…
NDB Bank recently entered a Memorandum of Understanding (MoU) with the Ceylon Chamber of Commerce to facilitate the development of the SME and Export sectors in Sri Lanka. The partnership will make available exclusive financial solutions offered by NDB Bank to Members of the Ceylon Chamber’s Centre for SMEs. The Agreement focuses on mitigating some…
(Reuters) – India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday. The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway…
Issuing the National Consumer Price Index (NCPI), for the month of December 2022, the Actg. Director General of Census and Statistics said that headline inflation as measured by the Year-on-Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled as 59.2%. The headline inflation…
Indian fabric is gaining ground in the Sri Lankan textile market as imports from India are increasing in the island country compared to Chinese supplies. Sri Lanka’s fabric imports from India are witnessing an upward trend as they jumped by more than fifty per cent in four years, but its import from China remained almost…
Former U.S. Secretary of State Henry Kissinger (99 years) was a key figure building bilateral bonds between USA & China during Nixon administration in the early 1970s. That was a win-win as US gained access to China’s mega markets & China got the opportunity to expand its international presence. Addressing the annual New Year gala…
Agriculture rich diversified conglomerate CIC Holdings PLC has delivered a phenomenal performance at the end of the third quarter of the financial year 2022/23 to post the highest ever profit after tax of Rs. 8.3 billion up 158% from a year ago. The group also witnessed its turnover reach a record high of Rs. 52…
DIMO, a leading diversified conglomerate in Sri Lanka, recently introduced its calendar for the year 2023 which showcases a plethora of unique roads found across the country. It not only depicts the beauty of the island, but also symbolises the many avenues of life itself. Sri Lankan roads, pathways and highways whether narrow or broad,…
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