The Sri Lankan government has invited proposals from investment banks to borrow up to USD 500 million on a fixed or floating interest basis. While announcing this, the External Resources Department states that the interest on this borrowing would be paid once in six months. The investment banks have to submit bids in multiples of…
Following the inauguration of Agartala-Dhaka bus service and signing of the Bangladesh, Bhutan, India, Nepal motor vehicle agreement, the Centre is also looking at connecting India and Sri Lanka, Union minister for road transport and highways Nitin Gadkari said on Tuesday. The road connectivity, built across Palk Strait, could possibly a combination of a sea-bridge…
Rum Punch, an exclusive brand of resort wear founded by Rukshika Fernando Seneviratne and Binara Seneviratne, will be the first Sri Lankan brand to be retailed on Zalora – Asia’s largest online fashion store, later this month. Rum Punch is a designer brand for the stylish, fun and hip young woman. The brand was launched…
Colombo bourse ended in negative territory snapping two day gains on Tuesday amid price declined in index heavy counters. The main index lost 34.37 index points or -0.49% to end at a nearly 9-week low of 7,044.60 while S&P SL 20 index lost 15.90 points (-0.40%) to end at 3,911.06. The decline was mainly driven…
Sri Lanka is to provide its fullest assistance in expanding the renewable power sources of the recently much talked about Seychelles archipelago, Power & Energy Minister Patali Champika Ranawaka told the Seychelles Ambassador in Sri Lanka Waven William when he met him in Colombo this morning (16 June). The Ambassador said that the Seychelles government…
As Sri Lanka’s King of Spices continued at a steady second rank among all spice exports for a third year in a row, Sri Lanka prepared to move its top spice players to a forthcoming global Conclave in China with a view to diversify markets-and to cash in on the emerging Far-East, as revealed in…
The Pathfinder Foundation which is keen on economic reforms has made politicians aware of important economic issues that should be taken into consideration when political parties prepare their manifestoes for the upcoming general elections. This is an interview with Pathfinder Executive Director Lakshman Siriwardena where he stressed on the issues concerned:
Sri Lanka’s economy has grown by 6.4 per cent during the first quarter of this year and the services sector has contributed more than half towards the island’s Gross Domestic Product (GDP), says the Department of Census & Statistics. When compared to the first quarter of 2014, during the first quarter of this year tea…
Emirates, a global connector of people and places, has announced a new codeshare agreement with Exeter-based Flybe, Europe’s largest regional airline, which is set to open up new destinations for Flybe and Emirates passengers across the UK*. The new agreement will see Emirates’ code added to 25 Flybe routes across the UK (subject to regulatory…
Kolkata is all set to have direct flights to Colombo, starting this Wednesday. Sri Lanka government’s low-cost carrier Mihin Lanka will operate the service thrice a week from the Netaji Subhas Chandra InternationalBSE 1.49 % Airport. The direct air link will cut down travel time to the Sri Lankan capital by three hours, president of…
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