Minister of Urban Development and Housing, Hon. Prasanna Ranatunga stated that Steps have been taken to implement the development process of the country through the partnership of public and private sectors in future, given that a large number of persons who has lost their jobs due to the ceasing of work in the construction sector….
Reuters – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike…
A preliminary discussion was held in Parliament pertaining to the future plan of getting support of the university academic staff through Vice-Chancellors for the purpose of formulating national policies. This was decided at the National Council sub-committee on identifying short and medium-term programs related to National Policy held recently, chaired by Hon. Namal Rajapaksa, Member…
SriLankan Airlines is set to partner with Raid Amazones 2023 for the second consecutive year, with the aim of reaffirming Sri Lanka’s stature as a sought-after tourist destination among the discerning contemporary traveller,. The collaboration will see the popular French adventure trail unfolding in the country’s hill capital, Kandy in March 2023. Founder, Raid Amazones,…
Foreign Minister Ali Sabry held discussions with State Minister of Shipping in Bangladesh holding Cabinet rank Khalid Mahmud Chowdhury for further collaboration in the shipping sector on 23 November. During the discussion, both Ministers emphasised the importance of shipping as one of the key areas selected for collaboration between Sri Lanka and Bangladesh. Ministers Ali…
The Sri Lanka Embassy in Beijing, with a view to attracting more Chinese tourists to Sri Lanka, is also actively exploring the possibility of Chinese cruise ships and yachts visiting Sri Lanka. The Ambassador, Dr. Palitha Kohona had a very successful online meeting with the Vice President of the China Cruise and Yacht Industry Association (CCYIA) Zheng Weihang,…
Green bonds can help to achieve the goal of a low-carbon world, and cumulative issuances have already reached USD 1 trillion. As the market for green bonds continues to grow, investors need to understand how these instruments differ from traditional bonds. Keeping the above in mind, the Securities and Exchange Commission (SEC), the Colombo Stock…
Fitch Ratings’ banking sector outlooks for emerging markets (EMs) and developed markets (DMs) in the Asia-Pacific (APAC) are neutral, despite economic headwinds stemming from the weakening of demand in key global export markets, high inflation and the lagged effect of higher interest rates in most APAC economies. We expect most APAC EM banking systems to…
The United Kingdom through the Food and Agriculture Organization of the United Nations (FAO) is providing GBP 880,000 (USD 1,043,395) to strengthen the food and nutrition security of marginal fishers in Tangalle, Negombo, Colombo, Kalutara, Galle, Matara, Puttalam, Chilaw, and Mannar. In light of World Fisheries Day (21 November) being celebrated this week, the British…
Eleven of Kuwait’s top tour operators and travel agents arrived in Sri Lanka this week on Jazeera Airways on a familiarization tour. Jazeera Airways currently operates three flights weekly to Sri Lanka connecting the leisure and labour markets. The familiarization tour was organized and sponsored by Jazeera’s General Sales Agent in Sri Lanka, Aitken Spence…
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