The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to its main operational hub in Katunayake. “It is business as usual for all our valued customers as none of the key sales and customer centric frontline operations will be relocated contrary to…
Prime Minister Ranil Wickremesinghe yesterday (3) noted that the continuing endorsement of Sri Lanka as the world’s best travel destination for 2019 by Lonely Planet is a great strength for the island. “At the beginning of the year, Sri Lanka was named as the world’s best destination for tourist to visit. Nevertheless, after that Easter…
Reuters – Sri Lankan shares ended firmer for a fourth straight session on Wednesday, hitting their highest close in near nine weeks, while the rupee edged up on banks’ dollar sales, market sources said. ** The benchmark stock index ended up 0.38% at 5,411.55, its highest close since May 3. The index rose 0.16% last…
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs 90 million for the quarter ending March 31st 2019, signifying a growth of 48% compared to the same quarter last year. Revenue for the year amounted to Rs 761 million, representing a growth of 57%…
The Ceylon Chamber of commerce today ( July 3) expressed its concern with regard to the increasing levels of speculation among its Membership and society at large on the consequences surrounding the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) Agreement. Accordingly, the Ceylon Chamber requests the Government of Sri Lanka…
Cabinet of ministers had given approval for a cable car project in Nuwara Eliya targeting local and foreign visitors. The project, which will add a new dimension to the attractions in Nuwara Eliya has been proposed by a firm called Outdoor Engineering Lanka Pvt. Ltd. and its foreign Partner Dopelme Cable Car Company. With an…
Business Sentiment – The Index Regains Its Footing Sri Lanka continues to be gripped by uncertainty in the aftermath of the Easter Sunday mayhem, which was followed by ugly scenes of persecution by what many assert were politically motivated acts of violence. Meanwhile, the crucial tourism industry is fighting a battle to break the shackles and…
Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country classification by income level. According to the new revision which was published by the world bank on 1 July 2019 Sri Lanka’s Gross National Income (GNI) per capita has increased from USD 3,840 in 2017…
(Reuters) – Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone. Interest rate moves by central banks across a group of 37 developing economies showed a net five rate…
(Reuters) – Sri Lankan shares ended firmer for a third straight session on Tuesday, hitting their highest close in two weeks, while the rupee edged down on importer dollar demand, market sources said. ** The benchmark stock index ended up 0.27% at 5,391.21, its highest close since June 19. The index rose 0.16% last week…
