Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout. But the International Monetary Fund will not release the cash until China and India first agree to reduce Sri…
Emirates will offer passengers yet another opportunity to ‘fly better’, with new high-speed, inflight broadband powered by Inmarsat’s GX Aviation, onboard 50 new Airbus A350 aircraft – scheduled to enter service in 2024. The new agreement will significantly improve the passenger experience with enhanced connectivity and greater global coverage, even on flights over the Arctic….
President Ranil Wickremesinghe met with the Japanese State Minister of the Cabinet Office, Hon. Satoshi Fujimaru, Wednesday (11) at the Presidential Secretariat. The State Minister was accompanied by a Japanese business delegation. Discussions focussed on the investment opportunities available in Sri Lanka, including in hospitality and tourism, mining and training of Sri Lanka’s workforce. The…
Courtyard by Marriott, part of Marriott Bonvoy’s extraordinary portfolio of 30 brands, announced the opening of Courtyard By Marriott Colombo, making it the first Courtyard to open in Sri Lanka. Located at the heart of the city’s central business district adjacent to the Colombo City Centre Mall, Courtyard by Marriott Colombo is set to offer…
Minister of Foreign Affairs Ali Sabry chaired the first diplomatic briefing for Colombo-based diplomatic corps for the New Year at the Ministry on 10 January 2023. Minister Sabry at the outset highlighted that Sri Lanka is looking towards 2023 as a year of socio-economic stabilization, reconciliation and recovery and outlined several areas of progress made…
Hatton National Bank won the coveted ‘Best Corporate Citizen Sustainability Award 2022’ at the nineteenth Best Corporate Citizen Sustainability Awards organised by the Ceylon Chamber of Commerce. Sampath Bank and Nestlé Lanka were adjudged the first and second runners up respectively. The annual BCCS Awards is the premier corporate citizenship award, and highlights sustainability champions…
2023 global growth to slow to 1.7% from 3% expected six months ago Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected…
Members of the Sri Lanka Retailers’ Association (SLRA) continue to raise growing concerns about the plight of the local economy and the impacts of the current economic conditions on the retail industry. They addressed their concerns and questions to a panel of experts at the recently concluded SLRA Members’ Forum. The SLRA Members’ Forum is…
A decision to inform the President A complaint to the speaker A special report to Parliament A decision to re-summon the ministry secretary on the 17th A special meeting of the Committee on Public Enterprises (COPE) was held recently (Jan. 05) under the chairmanship of the Hon. Member of Parliament Prof. Ranjith Bandara. There, attention…
In the People Republic of China, the Police Hotline is 110. In 1986 the Guangzhou municipality first introduced 110 as the Police hotline. Ten years later in 1996 110 became the national hotline. Thus they celebrate the Peoples Police Day on 10th January. During 2022, 308 officers & 179 auxiliary officers have paid the supreme…
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