The Lankan Angel Network (LAN) has launched Sri Lanka’s first Angel Fund, established with the support of ecosystem development partner Ford Foundation, to catalyze the growth of Sri Lanka’s startup ecosystem. A first of its kind in Sri Lanka, this Fund will be LAN’s flagship initiative moving forward, and is based on Rs. 100 million…
London (CNN Business) Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion of Kuwait. Monday’s crash spooked markets that were already freaking out about the impact of the coronavirus pandemic on the global economy and demand for oil. Brent crude futures, the global oil benchmark, were…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 9.42 am to 10.12 am this morning (10) as S&P SL20 index dropped by 5% during the trading session. However, when regular trading at the CSE recommenced at 10.12 am, All Share Price Index was down by 188.34 points while…
Hong Kong/New York/London (CNN Business) Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic. The S&P 500 (SPX) fell about 6%. The Dow (INDU) fell as many as 2,046 points. The Nasdaq Composite (COMP) was down 5.4%. The New…
The achievements of 16 women and men who have championed gender equality in their workplaces were celebrated as part of the launch of a new campaign “Together We Can”, supported by the Women in Work partnership between IFC, a member of the World Bank Group, and the Australian Government. The “Together We Can” campaign amplifies…
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. International benchmark Brent crude futures plummeted 30% to $31.02 per barrel, its lowest level…
Kuwait stops flights from Bangladesh, Philippines, India, Sri Lanka, Syria, Lebanon and Egypt for one week SriLankan Airlines has suspended its services between Sri Lanka and Kuwait from 6th March to 12th March 2020 following a decision by the Directorate General of Civil Aviation of Kuwait to temporarily suspend incoming flights from Bangladesh, Philippines, India,…
Airline brings more choice and flexibility to change and reissue bookings with no penalties Emirates is providing customers more flexibility, choice and value through its newly introduced waiver policy for all booked tickets issued on or from 7 March until 31 March 2020, allowing customers across its network the choice of changing their travel dates…
Saudi Arabia restricts entry of foreign nationals due to Coronavirus SriLankan Airlines has cancelled its flights to Jeddah from March 15 – April 30 following restrictions being set in place by the General Authority of Civil Aviation (GACA) of Saudi Arabia on the entry of foreign nationals into Saudi Arabia, in view of the present…
SriLankan Airlines is temporarily suspending its services between Sri Lanka and China from 10th March to 30th April 2020 due to current market conditions driven by significant reduction in worldwide travel to and from China. SriLankan Airlines continued to fly to China after many airlines suspended services or reduced frequencies, including four Chinese airlines that…
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