SriLankan Airlines’, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, revolutionizing its brand building endeavors launched its latest brand video ‘Ode to Paradise’ at PVR Cinemas, One Galle Face recently. The production titled ‘Ode to Paradise’ revisits the fond memories of ‘Blue Waters’ melody through a modern take, featuring…
Disposal of garbage is a stinging and widespread problem in both urban and rural areas. At present, the collection of garbage is carried out using small tractors in areas where the compactor or large tractors cannot reach. Accordingly, the proposal submitted by the Minister of Provincial Councils and Local Government Authorities to procure 10 ‘Kurumbettiya’ bicycles, which has…
In the backdrop of Sri Lanka Cricket’s existing contract for media and sponsorship rights coming to an end on 31st March 2020, SLC launched three separate tender processes for television and radio rights (broadcasting) rights, digital rights and production services in respect of the ICC Men’s Future Tour Programme for the period 2020- 23, by issuing…
Officials of the National Academy for Planning and Development (NAPD) of the Government of Bangladesh recently visited the Hambantota International Port (HIP). The visit was facilitated by HIP at the request of the Department of National Planning of the Ministry of Finance. Tissa Wickremasinghe, COO of HIPG briefed the team on management, business development and…
Sri Lanka Telecom PLC (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, concluded the financial year 2019 on a high note, with 28% YoY growth in Profit After Tax (PAT) at Rs. 6.3 Bn. The impressive growth was strongly underpinned by the increase in revenues by 6% YoY recorded at Rs. 86 Bn….
Dialog Axiata PLC (“Dialog”), Sri Lanka premier connective provider, announced recently that it had entered into an agreement to acquire the Systems Integration (SI) Business of V S Information Systems (Private) Limited ( “VSIS”,) namely VSIS Enterprise Solutions ( Private )Limited (VES) through Dialog Broadband Network ( Private) Limited (“DBN”), a fully owned subsidiary of…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), increased to 6.8% in February 2020 from 5.7% in January 2020, the Central Bank reported. This was solely driven by the statistical effect of the low base prevailed in February 2019. Food inflation (Y-o-Y) stood at 14.7% in February 2020,…
Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane has been removed from the post with immediate effect. Wijegunawardane was appointed the Director-General in April 2015 and was an investment analyst and fund manager for 10 years before joining the SEC. Meanwhile, SEC Director – Chinthaka Mendis is set to assume duties as the…
The latest data from the Central Bank of Sri Lanka points out that Foreigners had gradually exited from Sri Lanka’s Government Securities (Treasury Bills and Treasury Bonds) and pulled out over Rs. 11.4 billion in a week, during the period from 19th February to 26th February 2020. The value of Government Securities held by foreigners…
Melstacorp PLC’s (AAA(lka)/Stable) foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over the longer term, Fitch Ratings says. Melstacorp agreed on 20 February 2020 to buy Browns Health Care (Pvt) Ltd, which operates a 70-bed multi-speciality hospital in Ragama, in the suburbs of Colombo,…
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