Aitken Spence Travels, the leading DMC in Sri Lanka together with their Uzbekistan agent Asia Luxe welcomed the country’s first charter flight from Uzbekistan on Wednesday 9th February 2022. There will be a weekly flight operating every Wednesday until the end of March 2022. The charter airline operation is partnered with this leading tour operator…
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade concessions to the European Union (EU). While these costs will be high, the social and human costs are likely to be even greater. Considering official statistics for 2021, available up…
The Commercial Bank of Ceylon has announced that it has joined the national remittance mobile application ‘Lanka Remit’ as a participating bank, to support the Central Bank’s latest initiative to facilitate inward remittances to the country. At the formal launch of ‘Lanka Remit,’ Commercial Bank Chief Operating Officer and Executive Director Mr Sanath Manatunge received…
The European Union (EU) and the Democratic Socialist Republic of Sri Lanka held their 24th meeting of the Joint Commission on 8 February 2022 in Brussels. The meeting, which was held in a friendly and open atmosphere, reviewed bilateral relations and entailed an exchange of views and updates on a wide range of topics of…
Today, 9th February 2022, the Stock Market operated by the CSE which was scheduled to close automatically at 2.30pm as usual did not close due to a technical fault. The market was manually halted and closed at 2.39pm. In the interest of minimizing the Impact to investors, in the best judgement of the CSE management, it…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported its financial performance for the third quarter ending 31st December 2021, with a turnover of Rs. 13,771 million reflecting a Year-on-Year growth of 20%, compared to Rs. 11,456 million during the same period last year. Despite a turnover growth, Tokyo Cement’s sales volumes reduced by 3%…
Reiteration of Sri Lanka’s commitment to service forthcoming debt obligations The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to certain recent media reports which have claimed that Sri Lanka is at the verge of a sovereign default. The CBSL wishes to state that such claims are totally unsubstantiated and also…
The key initiative of Sri Lanka Tourism is to encourage travelers all across the globe to visit Sri Lanka as a global travel destination, and a place where there is a myriad of travel and holiday opportunities to choose from. Sri Lanka is also known as a destination renowned for its sports tourism, wedding and…
Uzbekistan Airways, the flag carrier airline of Uzbekistan, will commence operations at Mattala Rajapaksa International Airport on the 9th of February 2022. The airline will operate a weekly flight between Uzbekistan and Mattala every Wednesday starting from 9th February 2022. Airport and Aviation Services (Sri Lanka) (Private) Limited met with the airline at the Air…
Thimal Perera, who presently serves as Director/CEO of DFCC Bank PLC, has been appointed Chairman of the Board of Directors of Acuity Partners (Private) Limited;a full-service investment bank that is an equally owned joint venture between DFCC Bank and Hatton National Bank. Alongside this, the Board of Acuity Partners welcomed two new Independent Non-Executive Directors,…
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