The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced today that the 10th edition of the Sancharaka Udawa – Sri Lanka’s only travel and tourism exhibition – will be held this year at the BMICH on 15th and 16th May. The announcement was made alongside main sponsor Sri Lanka Tourism, in the presence, Arundika…
The Government has decided to further extend the deferral period for hotels registered under the Sri Lanka Tourism Development Authority to pay their 1% levy on turnover for the next four months. The government had earlier given a six month deferral period for hotels registered under the SLTDA in support of the tourism industry recovery…
Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) signed a memorandum of understanding (MoU) to enhance the cooperation between the two agencies to reduce time and costs for foreign and domestic investors by streamlining the SLTDA and BOI investment approval processes. The signing took place at a formal ceremony with the Chairperson…
New York (CNN Business) US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell into correction territory. Stocks are on track for their worst week since the financial crisis. The Dow (INDU) dropped 1,191 points, or 4.4% in…
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, grew revenue to Rs 253 million for the quarter ending December 31st, 2019 an increase of 13% compared to the same period last year. Net profit also grew for the period to reach Rs 147 million. These results were possible due to…
Nations Trust Bank Group demonstrated strong resilience amidst external challenges, to record a profit of LKR 3.71 billion, a marginal increase over the previous year. Total Operating Income grew by 6% to LKR 22.5 billion. Subdued economic conditions which prevailed in the country affected many key economic sectors impacting the financial performance of businesses leading…
Introduces features to detect trip irregularities, an on-trip safety helpline and pin verification Uber announced the introduction of several new safety features such as an Uber Safety Helpline, RideCheck – a feature that detects trip irregularities – and Pin Verification to keep its community of riders and drivers safer. The new features, which will be…
For the first time in the history a memorandum of Understanding (MoU) signed between Parliament of Sri Lanka and University Grants Commission (UGC)for the research and data mobilization. The event was held under the patronage of Hon. Speaker Karu Jayasuriya and Deputy Speaker Ananda Kumarasiri. Secretary General of Parliament Dhammika Dassanayake and Chairman of University…
Union Bank demonstrated a healthy performance amidst the challenging macro-economic environment in the year 2019, recording a significant increase of 50% in profit after all taxes. Amidst sector shocks that prevailed throughout, the Bank strived for revenue optimisation through portfolio re-alignment and prudent cost management. During the year, the Bank had paid 66% of its…
LOLC ascended by one position in the Business Today’s Top 30 edition of 2018-2019 to secure the third position in one of the most acclaimed rankings that recognises the exceptional performance of Sri Lanka’s top corporate entities. The Business Today Top 30 awards ceremony was held recently at the Grand Ballroom of the Hilton Colombo…
Video Story
