SriLankan Airlines reinforced its position as a passenger favourite by winning the coveted 2023 APEX Passenger Choice Awards® for Best Food & Beverage and Best Seat Comfort in Central/Southern Asia at the recent FTE APEX Asia EXPO held in Singapore. SriLankan also retained its status as a Four-Star Major Airline in the 2023 APEX Official…
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, has reported positive overall revenues of Rs 79.6 Bn, a consolidated growth of 3.9% for the first nine months of 2022 compared to the same period last year, driven largely by prudent and proactive measures undertaken in financial and operational management. Demonstrating resilience in…
9-month gross income up 62.91% to Rs 195.6 Bn. and 89.58% to Rs 76 Bn. in Q3 Impairment provisioning nearly triples to Rs 52.3 Bn. for 9 months: Rs 34.3 Bn. increase over first 9 months of 2021 mainly on account of government securities Loan book grows by Rs 148 Bn., deposits by Rs 381…
The Board of Investment (BOI) in collaboration with the Department of Immigration & Emigration and the Ministry of Defence today (10) launched the long-term residence visa scheme for condominium property holders in Sri Lanka. The official function was held at the BOI auditorium under the patronage of State Minister of Investment Promotion Dilum Amunugama, BOI…
Doha: The first of the three floating hotels has arrived in Qatar this morning. The cruise ship MSC World Europa docked at Old Doha Port to accommodate the FIFA World Cup fans during the tournament. The 22-deck highly anticipated ship which is bespoke for the 22nd edition of tournament, will officially be inaugurated on Sunday,…
Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year on year increase of 53% in October 2022. Compared to June 2022, prices of the BCI basket of food have been declining. The average price of…
By Imesha Dissanayake The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the Sri Lankan economy and weakened its economic state. Given the severity of the challenges faced, the economy is now at a fragile state with many crises at hand. One such crisis is the electricity crisis where sporadic power cuts even…
The Joint Apparel Association Forum (JAAF) has urged the Government to urgently expedite negotiations on Free Trade Agreements (FTAs) to enhance the industry’s resilience and global competitiveness amid rising fears of a global economic recession. Elaborating on its rationale, the Association noted that FTAs have become an integral part of the global trading system, particularly…
Reuters – The International Monetary Fund (IMF) provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, with the country’s finance minister saying the deal would help prevent economic instability escalating into a crisis. Bangladesh’s $416-billion economy has been one of the world’s fastest growing for years. But rising energy and food prices, sparked by…
Sri Lanka Export Development Board (EDB) in collaboration with the Canada Sri Lanka Business Convention and Ceylon Chamber of Commerce organized a business-to-business (B2B) meeting programme recently at the Cinnamon Grand Hotel, Colombo 2. A Canadian delegation of 14 high-profile businessmen were present for the B2B meeting programme while more than 60 Sri Lankan companies…
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