A group of over 60 Australian travel agents arrived in Sri Lanka recently on a week-long tour, from 4th to 13th of October 2019, to explore the uniqueness of Sri Lanka and a large number of holiday opportunities to choose from. The group was under the guidance of Dennis Bunnik, Chairman of the Council of…
The cabinet of ministers approved the proposal presented by Minister of Mahaweli Development and Environment to implement a five year project aimed at resolving the water issue in Jaffna. As there are no rivers in the Jaffna Peninsula, in order to resolve the shortage of water, a project called ‘A river for Jaffna’ has been…
(Reuters) – ** Sri Lankan shares snapped two sessions of losses to end higher on Thursday as investors picked up beaten down stocks. The rupee closed weaker. ** The benchmark stock index closed 0.40% higher at 5,860.09. The index has dropped 3.18% so far this year. ** Meanwhile, the rupee ended 0.08% weaker at 182.00/10…
The government is to implement a programme in cooperation with the World Bank and the European Union with the aim of increasing transparency and efficiency of the central government and public financial management. Accordingly, the cabinet of ministers approved a proposal presented by Finance Minister Mangala Samaraweera to obtain US $25 million credit from the…
Uber Eats, the renowned on-demand food delivery app, has delivered more than 3 million orders and completed its first successful year of operations in Sri Lanka to become a dominant player in the market. Launched in Colombo in 2018, Uber Eats is committed to make eating effortless at any time and for anyone in Sri…
Adding a new chapter to the civil aviation sector, The Jaffna International Airport, Sri Lanka’s third international airport was declared open by President Maithripala Sirisena today (17) and welcomed the first Alliance Air flight which arrived from Chennai with invitees from the aviation industry in India. Alliance Air has confirmed three flights weekly from Indian…
The Hambantota International Port Group (HIPG) recently entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate NYK, the first RoRo specific TSA entered into by the shipping line with a Sri Lankan Port. Nippon Yusen Kaisha (NYK), whose 130 year history runs parallel to that of its maritime nation, is Japan’s largest shipping…
Manufacturing activities expanded at a slower rate in September 2019, recording an index value of 54.7 which is a decrease of 1.9 index points, compared to August 2019. This slowdown in manufacturing PMI was mainly driven by the slowdown in Production and New Orders during the month of September. Slowdown in Production could be observed,…
Another company controlled by Billionaire Harry Jayawardena, Sri Lanka’s Lanka Milk Foods (CWE) in a disclosure to Colombo Stock Exchange (CSE) yesterday (16) informed that it was investing US $7 million more in its dairy farm at Ambewela to increase production for the local market. The firm said “further to the corporate disclosure dated 20th…
(Reuters) – ** Sri Lankan stocks slipped for a second straight session on Wednesday, amid weakness in hotels and manufacturing shares, while the rupee ended flat. ** The benchmark stock index ended 0.07% lower at 5,836.62. The index has dropped 3.56% so far this year. ** Meanwhile, the rupee ended steady at 181.85/95 per dollar…
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