SriLankan Airlines customers will soon enjoy greater access to cities throughout South East Asia and Australia as part of a new codeshare agreement with Jetstar Asia. From 5 April 2015, SriLankan customers will be able to travel on codeshare services operated by Jetstar Asia on seven routes from Jetstar Asia’s hub in Singapore. The cities…
The surprising decision by the new government of Sri Lanka to reverse course and support a billion-dollar Chinese port project underscores the long shadow of Beijing’s influence in the region, even in countries seemingly determined to push back. More importantly, the green light for the port project highlights China’s determination to secure access to a…
Let’s say you’re an English-speaking senior executive at an investment bank with its HQ in the US and you’re lucky enough to get a meeting with India prime minister Narendra Modi in New Delhi, in which you are pitching him a development deal. You’ll know instantly whether he’s suspicious of you or not: If he’s…
As Sri Lanka’s top service exports -ICT- started moving towards crucial US dollar one billion mark this year, the country’s apex exports body EDB announced a major initiative on 17 February to further diversify exports beyond merchandises and to move for service exports. “srilankaservicexport.com is the first, specialised web portal for all our service exporters…
Eastern Merchants PLC is to sell its land and buildings at No. 284, Vauxhall Street, Colombo 2 and No. 341, Union Place, Colombo being one block 134 perches in extent. This property has been valued at Rs. 939,000,000 in 2014. The funds thus raised are to be invested to diversify the company’s business from its…
The National Development Bank (NDB) is to issue listed, rated, unsecured, senior, redeemable debentures for Rs. 05 billion with an option to go up to Rs. 7.5 billion.
Palm Garden Hotels PLC says it has repaid related property borrowings of Rs. 1,093,002,071.00 obtained from Browns Hotels & Resort Ltd and Rs. 207,060,925.00 from Eden Hotel Lanka PLC on 31 January 2015. Palm Garden Hotels is a subsidiary of Browns Hotels & Resort Ltd and Eden Hotel Lanka is a subsidiary of Palm Garden…
Colombo bourse edged lower on Monday amid profit taking in Blue-chip counters. Main share index lost 34.76 index points (-0.47%) to close at 7,300.75 while 20-scrip S&P SL index shed 36.36 index points or 0.88% to end at 4,076.83. Price depreciations in blue-chips such as Bukit Darah (closed at LKR 686.00, -4.2%), John Keells Holdings…
While there is a unique opportunity for eco-friendly tourism industry in Sri Lanka, tourists are able to watching a diverse species of animals within a short time span within the island. This is the full interview the BIZ 24X7 programme of Ada Derana 24X7 had with John Keells Additional Vice Chairman Chithral Jayatileke on promoting…
Even amidst a presidential election in Sri Lanka in January, the tourist arrivals during the month as compared the same month in 2014 has increased by 6.6 per cent with the arrival of 156,246 tourists, reveal latest data. There has been a significant growth in Indian tourists where as those from Russia and Ukraine has…
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