Think-tank Advocata yesterday (4) urged the government to attend to the deep-rooted issue of systemic misgovernance embedded in Sri Lanka’s State Owned Enterprises (SOEs). Issuing a statement Advocata stated that; “It has recently been revealed that Airbus SE paid the wife of a Sri Lankan Airlines Executive US$ 2 million, out of a US$ 16 million…
Alpen Capital (ME) Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report titled ‘Sri Lankan Banking and NBFI Sector’. This report provides a comprehensive overview of the Sri Lankan Banking and Non-Banking Financial Institutions (NBFI) sectors, highlighting the strengths, opportunities and challenges for a diverse group of investors (investment funds, corporate…
Sri Lanka became the cynosure of all eyes at the 50th edition of Vakantiebeurs Travel Fair which was held from 15th to 19th January 2020 at Jaarbeurs, Utrecht. The Netherlands.Sri Lanka Tourism Promotion Bureau (SLTPB) participated in this event in collaboration with the Sri Lanka Embassy in the Netherlands, along with Industry participants. A tea…
The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, as World Bank Vice President for South Asia, Hartwig Schafer concluded a four-day visit. During his visit, Schafer gained a better understanding of the country’s development priorities under the new government and how the World Bank’s financial and knowledge resources…
Signing an agreement with the Board of Investment (BOI) of Sri Lanka, HCL Technologies (HCL), a leader in global technology announced the establishment of its global delivery center in Colombo. Marking its presence within the region, HCL aims at boosting employment, providing resources and skilling the local talent to serve its global clients. Founded in…
The trade deficit contracted marginally in November with both imports and exports declining, according to data released by the Central Bank of Sri Lanka (CBSL). In the first 11 months of last year, the trade deficit contraction compared to the corresponding period of the previous year is attributed to a major drop in expenditure on…
Airbus bribery fallout: Investigations launched worldwide Al Jazeera – Fallout from the Airbus bribery scandal reverberated around the world as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political dispute. The European planemaker is bracing for a rocky period…
China’s coronavirus outbreak is weighing on the oil price. With the world’s second-largest economy in the grip of this sometimes-fatal illness, traders fear oil demand is set to fall markedly. Not only does the coronavirus, which has already claimed more than 350 deaths in China, threaten to damp business and industrial activity in that country,…
President Gotabaya Rajapaksa commended the SriLankan Airlines crew who flew to Wuhan, the epicenter of coronavirus to bring back Sri Lankan students. The crew joined a luncheon hosted by the President at the Presidential Secretariat today (03). Led by the Chairman of the Airline Ashoka Pathirage, Board of Directors, engineers and pilots and the crew…
Tourist arrivals to Sri Lanka were down by 7.4% in January 2020, from a year earlier, confirming a downturn in Chinese tourists, as the city has been struck by the Deadly coronavirus outbreak. According to limited data released by the Sri Lanka Tourism Development Authority (SLTDA), January arrivals were 226,094 as against 244,239 a year…
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