Citrus Leisure’s properties, Citrus Waskaduwa and Citrus Hikkaduwa, recently launched a special free shuttle service for guests, to and from the closest train stations, to provide a novel and exciting, hassle-free travel experience, which makes it easier to access the properties. While the initiative was launched on the 4th of July 2022, in response to…
Perceived Economic Opportunity Index 2022 [PEOI] Q2: April 01 to June 30, 2022 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the second quarter of 2022. This monthly nation-wide tracking study, reported quarterly,…
Sampath Bank continued to maintain a solid capital base and stable liquidity profile in the first half of 2022 notwithstanding multiple economic challenges. The Bank remains vigilant in identifying the current economic issues and has continued to implement in a proactive manner the required countermeasures, clearly demonstrating its strength and stability. In line with that…
Seylan Bank recorded Profit after Tax of Rs. 1,504 Million for the 6 months ended 30th June 2022 against Rs. 2,105 Million reported in the corresponding period of 2021. Statement of Financial Performance Net Interest income increased from Rs. 10,971 Million to Rs 16,851 Million, a growth of 53.60% over the previous year for the…
Q1 revenue more than doubles to Rs 23.9 billion Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as…
Mr. Eran Wickramaratne, Member of Parliament of the Samagi Janabalawega emphasized that the country’s crises cannot be resolved only by agreeing to the agendas of multilateral agencies that provide assistance to find solutions to the crises that Sri Lanka is currently facing. When holding discussions with the International Monetary Fund, the government should adopt a…
Priding itself on a brand promise of ‘Fly Better’, Emirates is investing over US$ 2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting in 2022. Sir Tim Clark, President Emirates Airline said:…
Key rate hiked by 25 bps, as expected Rate rise was the first since Dec 2018 C.bank says economy continues to gain traction C.bank says rate hikes to be gradual Sees inflation falling back to its target in 2023 BANGKOK, Aug 10 (Reuters) – Thailand’s central bank raised its key interest rate for the first…
Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” held with the participation of Members of Parliament An Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” was held yesterday (09) at the Parliament Complex with the participation of Members of Parliament. Mr. Marcos Neto, Director of…
Bangladesh’s finance minister AHM Mustafa Kamal also said Sri Lanka’s crisis highlighted that China had not been rigorous enough in deciding which projects to support. Hindustan Times – Bangladesh’s finance minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation…
Video Story
