Webinar on “ Opening of Sri Lanka and the Revival of the Hospitality Industry” organized by the Embassy of Sri Lanka in Germany together with the German Travel Association (DRV) and Sri Lanka Tourism Promotion Bureau ( SLTPB ) was held on 24 February 2022 with the participation of a large number of German travel…
Importers request that the prices of 71 price-controlled molecules inclusive of 10 cancer molecules to be adjusted to ensure continued availability NCD’s account for 80% of Sri Lankan deaths; continued import of essential medicines is critical The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) commended the Ministry of Health’s decision to increase the control…
SriLankan Airlines enters into a strategic partnership with Manta Air to offer passengers a seamless travel experience with convenient connections from Gan International Airport to Koodhdhoo City in Gaafu Alifu Atoll of Southern Maldives. Gaafu Atoll is home to several luxury resorts that are just an easy 40-minute speed boat journey from the Koodhdhoo airport,…
CNBC – U.S. crude oil surged more than 7% in Sunday evening trade as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. West Texas Intermediate crude futures, the U.S. oil benchmark, traded 7.34% higher to $124.17…
Softlogic Holding PLC announces that the company’s fully owned subsidiary Softlogic Retail Holdings (Private) Limited has entered into a Sale and Purchase Agreement today (04) for the acquisition of Agora Limited of Bangladesh by acquiring a 100% stake in the said company via a series of transactions, subject to terms and conditions set out therein…
The Joint Chambers of Commerce met on March 3rd, 2022 and deliberated on the on-going forex crisis in the country and its impact on business activity and the economy. Consequent to this meeting, 9 Chambers (whose logos are shown below the text) have agreed to unanimously release the following statement. The on-going forex crisis has…
World’s Best Airline is set to start the fifth daily service from 24 February 2022 DOHA, Qatar – Qatar Airways marks a new milestone with the introduction of its fifth daily flight from Doha to Colombo, Sri Lanka, starting 24 February 2022. The additional frequency will support increased travel demand to and from Sri Lanka,…
Global economic growth to moderate, while inflation to remain higher As per the January 2022 update of the World Economic Outlook (WEO) of the International Monetary Fund (IMF), the global economy is expected to moderate from 5.9 per cent in 2021 to 4.4 per cent in 2022. The recovery in the global economic activity is…
Verité Research launches Gallup style “Mood of the Nation” poll in Sri Lanka Government approval rating is only 10% Gallup is the most reputed polling organisation in the world. It runs a regular “Mood of the Nation” poll in the United States. Verité Research has adapted that same poll and scoring methodology to follow the…
The European Union (EU) and EU Member States Ambassadors resident in Sri Lanka, traveled this week to Nuwara Eliya district in the Central Province for a two-day visit to EU-funded rural development projects. During their visit, the EU Ambassadors visited and handed over a number of infrastructure facilities in the region, such as a new Business…
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