20th April 2022, Colombo. On the 4th of April, MAS issued a statement expressing support of our citizen’s right to participate in peaceful protests and the freedom of expression. Given the ensuing events, MAS reiterates the need for immediate and decisive action to resolve the current economic and social crisis, in a peaceful and sustainable…
The management of SLT-MOBITEL, categorically denies the recent speculations and reports of a possible sale of Sri Lanka Telecom (SLT) assets. The company states that these reports have not been clarified from the SLT Board of Directors or the Secretary to the Treasury, being the entity that holds 49.5% of its shares. SLT reassures its…
Reuters – The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require “adequate assurances” that the island country’s debts can be put on a sustainable path. In a statement emailed to Reuters, IMF Sri Lanka Mission Chief Masahiro Nozaki said…
Oil prices plunged by more than 5% today as investors worried about a drop in demand after the International Monetary Fund cut its global growth forecast. By evening, the price of Brent crude, the main international oil contract, was down 5.4% to $107.11 per barrel, while the main US oil contract, WTI, fell 5.5% to…
A letter by the Joint Chambers addressed to H E President Gotabaya Rajapakse, requesting action to be initiated to repeal the 20th amendment. 19 April 2022 His Excellency Gotabaya Rajapakse President of the Democratic Socialist Republic of Sri Lanka Presidential Secretariat Colombo 1. Your Excellency, Current Economic and Political Situation The Private Sector, as represented…
Reuters – Sri Lanka has requested the International Monetary Fund (IMF) for rapid financial assistance and the global lender could consider it after initial reluctance, an aide to thecountry’s finance minister said on Tuesday. Protests have erupted in the island nation as it battles a devastating financial crisis brought by the effects of COVID-19, mismanaged…
bp and Neste commit to supply DHL Express with more than 800 million liters of Sustainable Aviation Fuel until 2026 CO2 savings on a lifecycle basis estimated to be equivalent to annual greenhouse gas emissions of approx. 400,000 passenger cars Landmark deals mark major step towards Deutsche Post DHL Group’s goal of using 30 percent…
The Embassy of Sri Lanka in Iran organized a tourism promotion partnership event-2022 at its Chancery premises in Tehran on 06 April 2022 with the support of the Sri Lanka Tourism Promotion Bureau and Associations of Air Transport and Tourist Agencies of Iran. Around 75 guests, mainly travel agents & tour operators, airline representatives, journalists, academics,…
Moody’s Investors Service (“Moody’s”) has downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Ca from Caa2. The outlook is stable. The decision to downgrade the ratings is driven by the authorities’ announcement of debt servicing suspension [1] on external public debt repayments, which will lead to a…
SriLankan Airlines records its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on 31 March 2022 with a group net profit of USD 1.7 million despite pandemic challenges. The airline was able to achieve this financial turnaround through various measures in its 2021-22 financial year including scaling down staff costs…
Video Story
