The streaming and TV rights for the Indian Premier League – the world’s richest cricket competition – for the next five years have been sold for a record $6.02bn (£5.13bn). BBC – Viacom18, backed by Indian billionaire Mukesh Ambani, secured streaming rights until 2027 for $3.05bn (£2.53bn). Disney-owned Star India retained the TV contract for…
Reuters – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation’s prime minister said on Tuesday. The advisers reached the country a week before a delegation from the International Monetary Fund is expected in Colombo…
Italian retailer sees strong prospects for the South Asian nation’s apparel industry Despite the economic crisis Sri Lanka finds itself in today, Sandro Veronesi, President of Calzedonia, one of Italy’s leading retail chains, has great faith in the resilience of Sri Lanka’s apparel industry. His company has over 13,000 employees in the island nation and…
On June 13, U.S. Ambassador to Sri Lanka Julie Chung attended the signing ceremony for a Memorandum of Understanding (MOU) with the Sri Lankan Department of Agriculture, for a $27 million project that aims to double the milk production of Sri Lankan dairy farmers participating in the U.S. Department of Agriculture’s “Food for Progress” initiative….
TOKYO, June 13 (Reuters) – Japan’s top government spokesperson on Monday issued a fresh warning to markets that Tokyo was concerned about sharp yen falls and ready to “respond appropriately” if needed. The remark, which echoed a joint statement between the government and the central bank released on Friday, came after the Japanese currency fell…
Official Food inflation stood at 57.4% in May, the highest ever year-on-year food prices ever recorded since 2004. Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food, also recorded its highest ever increase of 71% from May 2021 to May 2022 and an increase of 13% over the…
By Prof. Samitha Hettige SL is in a crisis and that can be a catalyst for positive change. Business tycoon and Ex Secretary Ministry of Highways Dhammika Perera must be making moves with long term plans for him and his country. He isn’t the first self made to make such moves. Upali Wijewardena ran faster…
SriLankan Airlines brought home two prestigious titles from The APEX Passenger Choice Awards® presented in Dublin on 8 June 2022. SriLankan was bestowed the 2022 Passenger Choice Awards® for Best Cabin Service for the first time and Best Wi-fi for the second time in Central/Southern Asia by the Airline Passenger Experience Association (APEX). One of…
UNOPS signed an Agreement with the South Asia Co-operative Environment Programme (SACEP), an intergovernmental organization headquartered in Sri Lanka, to support them in the implementation of the World Bank funded Plastic Free Rivers and Seas for South Asia Project (PLEASE). The PLEASE project catalyzes actions to strengthen innovation and coordination of circular economy solutions to…
The COPE has revealed that 35 university lecturers who went abroad on study leave at the University of Moratuwa alone were found to be in arrears of Rs. 51,649,961 as at 31 December 2021 due to breach of contract and bonds. It was also revealed that the amount due from 16 lecturers who had breached…
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