Sri Lanka is already in one of the worst economic crises in its history. The reforms are so difficult that no party will want to even contemplate let alone implement them fearing loss of popularity. The longer reforms are postponed, the worse the problem becomes which makes remedies even more difficult to implement. The only…
Five of these countries have already reopened their borders to vaccinated travellers from Singapore. SINGAPORE: Singapore will extend vaccinated travel lanes (VTLs) to six more countries next month, the Civil Aviation Authority of Singapore (CAAS) announced on Friday (Nov 26). From Dec 14, travellers from Thailand may enter Singapore under the quarantine-free VTL. Travellers from Cambodia, Fiji,…
Members of Sri Lanka’s tourism industry are set to gain useful insights from a survey of 10,000 travel consumers across 10 key Sri Lankan source markets, in a webinar organised by Sri Lanka Tourism Development Authority (SLTDA) in collaboration with Market Development Facility (MDF), Australia’s flagship private sector development program. “Business and Consumer Insights for…
SriLankan Airlines, today, assured to Indian travellers that the Airline is committed to increase the flights to destinations that were temporarily halted due to the pandemic, restore operations to pre-COVID-19 levels, and offer Indian travelers a wide range of connections to Sri Lanka. SriLankan Airlines’ Chairman, Ashok Pathirage, said “India is our biggest market, and…
A nation’s budget is not only a statement of income and expenditure but also an instrument for implementing the priorities of the government. Since almost the entirety of resources for social sectors, including for service delivery that is crucial for children’s wellbeing, is funded by public sector budgets, a country’s budget is one of the…
This is HCL’s largest facility in Sri Lanka, which will serve its global client base HCL Technologies (HCL), a leading global technology company, opened its new facility at the state-of-the-art Cinnamon Life complex. HCL continues to expand and grow in Sri Lanka and this new facility will be its largest in the country, accommodating 4,000…
Webinar Hosted by the Ceylon Chamber of Commerce As occupational health and safety awareness and adherence become increasingly important in workplaces, the Ceylon Chamber of Commerce in partnership with the Workplace Health and Safety Association of Sri Lanka (WSHA) will host an informative webinar on The importance of Incident Investigation in Ensuring Business Continuity on…
The Initial Public Offering (IPO) of Capital Alliance Limited (CALT) which opened on today (25), was oversubscribed on the same day. The CALT IPO, which offered 41,177,236 ordinary shares for a 12.5% stake to the public, priced at LKR 10 per share, opened at the Colombo Stock Exchange (CSE) amidst high anticipation and significant traction…
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro,…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 24 November 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5.00 per cent and 6.00 per cent, respectively. The Board arrived at…
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