Fitch Ratings – Fitch Ratings expects APAC telcos’ median 2023 leverage to remain stable, supported by easing competition amid ongoing industry consolidation. Free cash flow (FCF) generation will improve, but will remain limited, as modest EBITDA growth will be consumed to either build or expand 5G infrastructure. Our sector outlook for 2023 is neutral. We…
The Chamber of Pharmaceutical Manufacturers- Oyamaduwa (CPMO), the local investors of the “SUWA SIRI PURA” pharmaceutical manufacturing zone in Oyamaduwa, Anuradhapura, recently had a discussion with the Board of Investment (BOI) officials where they requested the top management to consider registering the Oyamaduwa under the BOI. The meeting was convened under the patronage of BOI…
Boosting the revival of the tourism industry in Sri Lanka, Hapag Lloyd Lanka ushers in super luxury cruise ‘Mein Schiff 5’ on the 29th of November at the Port of Colombo and the cruise will be calling the Port of Hambantota on the 30th of November 2022. More than 2,000 passengers (mostly European) and 900…
A high-profile delegation from the Port of Colombo led by the Chairman of Sri Lanka Ports Authority (SLPA) Mr. Keith D. Bernard visited Bangladesh to further discuss requirements of Shippers and service providers. Managing Director of SLPA – Mr. Upul Jayatissa, Director (Operations) of SLPA – Mr. Lal Weerasinghe, Actg.Director (Marketing & Media) – Mr….
Minister of Urban Development and Housing, Hon. Prasanna Ranatunga stated that Steps have been taken to implement the development process of the country through the partnership of public and private sectors in future, given that a large number of persons who has lost their jobs due to the ceasing of work in the construction sector….
Reuters – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike…
A preliminary discussion was held in Parliament pertaining to the future plan of getting support of the university academic staff through Vice-Chancellors for the purpose of formulating national policies. This was decided at the National Council sub-committee on identifying short and medium-term programs related to National Policy held recently, chaired by Hon. Namal Rajapaksa, Member…
SriLankan Airlines is set to partner with Raid Amazones 2023 for the second consecutive year, with the aim of reaffirming Sri Lanka’s stature as a sought-after tourist destination among the discerning contemporary traveller,. The collaboration will see the popular French adventure trail unfolding in the country’s hill capital, Kandy in March 2023. Founder, Raid Amazones,…
Foreign Minister Ali Sabry held discussions with State Minister of Shipping in Bangladesh holding Cabinet rank Khalid Mahmud Chowdhury for further collaboration in the shipping sector on 23 November. During the discussion, both Ministers emphasised the importance of shipping as one of the key areas selected for collaboration between Sri Lanka and Bangladesh. Ministers Ali…
The Sri Lanka Embassy in Beijing, with a view to attracting more Chinese tourists to Sri Lanka, is also actively exploring the possibility of Chinese cruise ships and yachts visiting Sri Lanka. The Ambassador, Dr. Palitha Kohona had a very successful online meeting with the Vice President of the China Cruise and Yacht Industry Association (CCYIA) Zheng Weihang,…
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