AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This 4-time weekly flight service is slated to commence operation on 9 Jul 2023 with special promotional all-in fares starting from LKR 29,900* one way to experience the vibrancy of Thailand. During its…
The Group reported a resilient performance during the year, amidst the unprecedented challenges in the operating environment, recording a recurring EBITDA growth of 17% to Rs.45.74 billion. This is despite the substantial EBITDA recognition of Rs.6.30 billion from the revenue of the handover of the residential apartment units and commercial floors at ‘Cinnamon Life Integrated…
The Government’s expectation of turning to green finance was announced in Budget 2023. Funds gained from such bond issues can be used for renewable energy, energy efficiency, green buildings, clear transportation, sustainable water & waste water management, pollution prevention, governance and circular economy, adaptation to climate change, conservation of biodiversity and sustainable management of natural…
Colombo, Sri Lanka: An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic developments and implementation of the Fund-supported program . At the conclusion of the visit, Messrs. Breuer and Nozaki issued the following statement: “During the visit,…
It has been decided to hold the “NAWA IM THARANAYA” (A new frontier), the first International Mining and Minerals Conference, Investment Forum and Exhibition at the Bandaranaike Memorial International Conference Hall with the aim of providing a platform to all current and future stakeholders involved in the mineral industry of Sri Lanka. It is expected…
The opening of the Sri Lanka Tourism pavilion at ATM took place at the Sri Lanka Stand with the participation of H.E Udaya Indrarathanathe, Ambassador for Sri Lanka in the UAE, Ms. K.P.P Siriwardana, Managing Director SLTPB along with the officials of Sri Lanka Tourism, Sri Lanka Embassy in Abu Dhabi, Consulate General in Dubai and the travel industry representatives. This…
Fitch Ratings: APAC insurers’ underwriting fundamentals are likely to remain steady despite short-term volatility in investment markets caused by higher interest rates, Fitch Ratings says. At the same time, headwinds from Covid-19 and related measures are easing. APAC insurers’ capital and profitability metrics were affected by adverse market movements caused by the recent increase in…
President Ranil Wickremasinghe applauded the innovative ICT solutions showcased by winning students of YCS-2022 national competition during the recently concluded Skill Expo 2023. In a remarkable display of commitment to education and technological advancement, Federation of Information Technology Industry Sri Lanka (FITIS) recently brought its groundbreaking YCS-2023 program to a wider audience of school children….
In a significant move to address Sri Lanka’s fuel supply challenges, a contract agreement was signed with Sinopec, a leading international petroleum company. The agreement, signed today (22), marks a crucial step in ensuring a steady and uninterrupted fuel supply for the nation. The signing ceremony took place at the Presidential Secretariat, with representatives from…
The 10th annual CFA Society Sri Lanka Capital Market Awards mark yet another significant chapter in the history of CFA Society Sri Lanka, with the signature event – which recognises and rewards professionals who have established industry benchmarks for the advancement of domestic capital market participants – scheduled to be held in June this year….
