The world’s leading travel and trade show opened in London, UK on 7th November 2022 on a positive note. Sri Lanka Tourism Promotion Bureau (SLTPB) collaborated with the Sri Lanka High Commission in London and the tourism industry stakeholders to showcase the destination and tourism experiences offered to travelers. At a time, the country is…
The work of two Sri Lankan designers Sonali Dharmawardhane and Sarita Rajendran was showcased in Singapore at an Afternoon Tea held at the Sri Lanka Residence on 29 October, 2022. The design showcase featured unique Sri Lankan batik evening wear, sarees and resort wear including silver jewellery and custom made clutches. The participants at the event…
The Consul General of Sri Lanka in Karachi Jagath Abeywarna met with the newly elected Senior Vice-Chairman Sohail Nisar and the members of the Pakistan Yarn Merchants Association on 02 November, 2022 at its head office in Karachi to promote collaboration between the two countries in the field of yarn materials. The Pakistan Yarn Merchants…
Senior Advisor to the President on National Security and Chief of Staff of the President Sagala Ratnayake recalled that Faris Hadad-Zervos, the World Bank Country Director for Maldives, Nepal and Sri Lanka was amazed with the action policy and the vision of President Ranil Wickremesinghe which was revealed during their meeting recently. The WB Country…
In August 2022, the Government gazetted regulations under the Casino Business (Regulation) Act of 2010 to formalise the process of issuing of licences and monitoring of operations for casinos in Sri Lanka. With the regularising of Gaming, the Group will proceed with finalising arrangements with prospective gaming operators to operate at ‘Cinnamon Life’, said Krishan Balendra Chairperson of John Keells Holdings PLC. Addressing shareholders through 2Q…
The diversified blue-chip Aitken Spence PLC reported a profit before tax of Rs. 8.5 Bn for the six months ended 30th September 2022. This is an exponential quadruple-digit growth compared to Rs. 266.7 Mn recorded for the same period during the previous year. Aitken Spence PLC reached an EBITDA (Earnings inclusive of equity accounted investees before interest…
Jetwing Symphony PLC Chairman Hiran Cooray said the current interest rates are unsustainable and a threat to all businesses in every industry, especially considering the many difficulties of operating businesses during this economic crisis. Addressing the shareholders of the company through 2Q 2022/23 financial report, he further said due to the sudden depreciation of the…
The Republic of Korea through the Food and Agriculture Organization of the United Nations (FAO) is investing USD 1.2 million to strengthen shrimp aquaculture in Sri Lanka. The investment is part of a global project implemented by FAO in Sri Lanka with a total investment of USD 3.9 million. The project will be implemented over…
H.E. Ambassador has assured their continuous support on the debt treatment and stabilizing the economy of Sri Lanka, State Minister said after an official meeting held on Monday (07), with H.E. Ambassador Qi-Zhenhong. “The Ambassador assured their support to overcome this critical situation with regard to the financial status of the country. Further, he emphasized…
By Prof. Samitha Hettige Sri Lankans generally forget but suddenly remembered the long fuel queues which existed few months back in the past few days. Those who drive electric cars couldn’t make new friends at the fuel queues during the shortages. The European Union recently agreed on enacting new laws to systematically reduce and finally…
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