The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in the food sector to access capital. Through greater access to capital, this facility reduces the supply chain disruptions that emerged during the…
Aitken Spence Travels will be welcoming the inaugural charter flight from Red Wings Airlines, a Russian regional leisure airline, arriving at the Mattala Rajapaksa International Airport (MIRA) on the 29th of December 2022. Red Wings Airlines will be carrying 400 holiday makers on board the Boeing 777 which is a long-range wide-body aircraft that would…
SHANGHAI, Dec 29 (Reuters) – Honda (7267.T) will recall just over 200,000 hybrid vehicles due to issues with brake pedal sensors in some models, China’s State Administration for Market Regulation said in a statement on Thursday. A total of 105,608 hybrid vehicles produced between Oct. 8, 2018 and Sept. 7, 2020 by the Japanese carmaker’s venture with…
DHAKA, Bangladesh (AP) — Bangladesh launched its first metro rail service, mostly funded by Japan, in the densely populated capital on Wednesday amid enthusiasm that the South Asian country’s development bonanza would continue with both domestic and overseas funds. Prime Minister Sheikh Hasina inaugurated the service accompanied by newly appointed Japanese Ambassador Kiminori Iwama and…
Can metro rail truly be a game changer in terms of boosting the economy and mitigating the suffering of millions? To find the answers, this phenomenon must be examined from various angles By Dr Shafik A. Rahman Bangladesh inaugurates the country’s first metro rail system, MRT-6, in the heart of Dhaka. The need of an efficient…
Today, December 29, Red Wings Airlines of Russia commenced scheduled charter flight operations to Mattala Rajapaksa International Airport (MRIA) from Moscow, Russia with 398 Russian tourists to Sri Lanka. Red Wings ranks in Top-10 of the largest Russian airlines has an extensive network of domestic and international routes but never before in the airline’s 23-year…
Reuters – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends and topics investors expect to shape the outlook for emerging…
First Capital Holdings PLC, a member of the Janashakthi Group, announced that Ms. Manjula Mathews has been appointed as the Deputy Chairperson to its board and Dilshan Wirasekara the current Director/CEO has been promoted to Managing Director/CEO. Manjula Mathews, a Fellow Member of the Chartered Institute of Management Accountants (UK) and an Alumnus of the…
President Ranil Wickremesinghe instructed the Nuwara Eliya District Secretary and Commissioner to immediately provide 30 acres of abandoned land adjacent to the Ambewela Farm to them and provide the necessary facilities to develop it as grazing land to meet the food requirement of the dairy cows. President Ranil Wickremesinghe issued these instructions yesterday (27) during…
Reuters – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit lines, a currency swap…
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