State Minister of Aviation and Export Zones Development, D.V. Chanaka State Minister of Aviation and Export Zones Development, D.V. Chanaka said that International flights would commence from Colombo International Airport, Ratmalana from the 29th of this month. In particular, flights from South India, Male and Bangladesh via India to Ratmalana will be based in Ratmalana…
Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe. “If you package your product well, include a QR code (incorporating extensive details such as the farmer who…
Tech group looks to expand reach in gaming world with its biggest-ever acquisition Microsoft has agreed to buy video game maker Activision Blizzard for $75bn in the biggest-ever deal by the tech company. Under the terms of the all-cash deal, Microsoft will pay shareholders of the company behind Call of Duty and World of Warcraft…
The Silk Road Journal by Mahika Ming The Producer Price Index (PPI), reflecting the cost of goods at the factory gate, rose by 10.3% in December YoY (Ref. Chinese NBS). Bloomberg’s prediction was 11.3% growth while Reuters was 11.1% but the Chinese authorities managed to keep it lower than the western prediction. Chinese authorities adopted…
COLOMBO, Jan 18 (Reuters) – The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts said. The median estimate in a Reuters poll of 13 economists predicted the…
To unlock the potential of Sri Lanka’s digital economy and leverage advanced technologies, SLT-MOBITEL, the National ICT Solutions Provider signed a historic Memorandum of Understanding (MOU) with ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions to collaborate on manufacturing devices on a local scale. The MOU was signed by Lalith…
Emirates has announced it will add five more flights to Sri Lanka, offering customers 26 weekly flights to Colombo, including a daily service from Male to Colombo. Starting from 10 February 2022, the added services will offer customers more travel choices and flexibility to Sri Lanka’s commercial capital. The added services will operate every Tuesday,…
Methodology Revision of All Share Price Index (ASPI) Colombo Stock Exchange (CSE) is planning to revise the calculation methodology of All Share Price Index (ASPI) by changing the constituent weighting method from full Market Capitalization to free float-adjusted Market Capitalization. The following interview intends to provide some essential information in this regard. What is a…
The Employees’ Provident Fund (EPF) managed by the Monetary Board is Sri Lanka’s largest superannuation fund. It maintains its investment portfolio with the long-term objective of maximizing the returns to its members while preserving the value of the Fund. It operates within certain given risk parameters and has invested 94 per cent of its funds…
Despite challenging market conditions brought on by the prevailing pandemic in 2021, technology company 99x saw organisational growth across the board while maintaining topline performance and recording strong profitability for the financial year ended 31 December 2021. Some notable achievements for the year were the USD 20 million investment from a Scandinavian private equity company…
Video Story
