Moving ahead with the long-term objectives of Airport and Aviation Services (Sri Lanka) (Private) Limited to develop the airports and aviation industry of Sri Lanka, Colombo International Airport, Ratmalana (CIAR) implemented an aggressive strategy to utilize its resources effectively to contribute to the development of the aviation industry in Sri Lanka. As a result of…
The Colombo Stock Exchange entered into an understanding with Global Reporting Initiative (GRI) in 2018 to foster effective sustainability performance and communication among Listed Companies. The CSE and GRI, through multiple engagement initiatives have facilitated Sri Lankan Listed Companies to discover the business case and importance of embracing sustainability reporting. The collaboration offered the CSE…
Bloomberg – Sri Lanka said it expects a drop off in visitors from Russia, its top source of tourists, because of the war in Ukraine, according to a report from the nation’s Tourism Development Authority. The South Asian nation, which is spiraling into an economic crisis, is badly in needed of tourism revenues to help…
The Consulate General of Sri Lanka in Melbourne in collaboration with the Committee for Sri Lanka (CFSL), the South Asian Australia Alliance and the Australia Sri Lanka Business Council organised a photo shoot of Sri Lankan Batiks coinciding with International Women’s Day on 08 March 2022. The objective of this first of its kind event…
The airline brings a unique offering with ultra-low-cost travel to the region Wizz Air Abu Dhabi, the ultra-low-cost national airline of the UAE, has launched an exciting new route from Abu Dhabi to Mattala, Sri Lanka. The new destination provides affordable, hassle-free travel for tourists and residents in both the UAE and Sri Lanka with…
COLOMBO, March 9 (Reuters) – Sri Lanka’s fuel import plans have been disrupted by a rapid spike in global crude prices after Russia’s invasion of Ukraine, leaving the crisis-hit island nation struggling to pay for diesel amid power cuts as fuel pumps run dry, officials said. With foreign reserves plummeting 70% in the last two…
Sri Lanka Embassy in Tehran in collaboration with Tea Association of Iran, Tea Exporters Association of Sri Lanka and Sri Lanka Tea Board organized a discussion on “Expanding Ceylon Tea Market in Iran and neighbouring countries” at the Chancery premises on 02 March, 2022. More than 30 invitees including representatives from tea associations, union of food…
By Prof. Samitha Hettige Fidel Castor got too close to the Soviet Union (USSR) in the early 1960s and the Kennedy administration in the USA was worried. The USA was not at peace until it stopped the USSR installing missiles in Cuba. “Bay of Pigs” should be studied again by those concerned about the Ukraine…
Reuters – Sri Lanka’s central bank has received a two-month deferral for $900 million in payments due this week to the Asian Clearing Union, multiple sources said, helping ease pressure on its meager reserves amid its worst financial crisis in years. One payment of $509 million was deferred by the Reserve Bank of India (RBI)…
Merchant Bank of Sri Lanka & Finance PLC (MBSL) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on the 4th March to celebrate its 40th year anniversary. Special market opening ceremonies are organized by the CSE as a platform for listed companies to celebrate corporate milestones and as a call…
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