In view of the unrest that has arisen in the Middle East and the Gulf region, the Government has launched a series of special operations to look into the safety and welfare of foreign tourists currently in Sri Lanka, as well as to ensure the protection and well-being of Sri Lankan migrant workers overseas. These…
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ assigned to Hayleys PLC’s proposed unsecured senior redeemable debentures of up to LKR7 billion. The debentures are rated in line with Hayleys’ National Long-Term Rating and existing unsecured notes. This is because subordination risk to debenture holders from debt at subsidiaries is limited, provided the…
Reuters – Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war. The global oil benchmark has rallied this year and reached $73 a…
The Ministry of Foreign Affairs, Foreign Employment and Tourism of Sri Lanka is closely monitoring the evolving security situation in the Middle East. The safety and well-being of approximately one million Sri Lankan nationals living and working in the region remain the Government’s highest priority. In light of prevailing regional volatility, Sri Lankan citizens in…
Reuters – The United States and Israel launched strikes on Iran on Saturday, targeting its leadership and plunging the Middle East into a new conflict that President Donald Trump said would end a security threat and give Iranians a chance to topple their rulers. The strikes put nearby oil-producing Gulf Arab countries on edge as fears of escalation grew,…
Impact on Flights for Tourism, Tea, Trade Supply Chain and Remittances Commenting from Bahrain, the CEO of MTI Consulting has cautioned that the Sri Lankan economy could be stress-tested as the war in the Gulf escalates. According to Hilmy Cader, the airlines from the 6 Gulf Countries have around 140 scheduled commercial flights a week,…
Following a record breaking year for Sri Lanka’s largest private sector retail bank, HNB PLC’s Managing Director and Chief Executive Officer, Damith Pallewatte, was named Sri Lanka’s ‘Bank CEO of the Year 2025’ by the Global CEO Forum. The CEO of the Year Awards – which was hosted at Cinnamon Grand Colombo, recognises leadership excellence…
SriLankan Airlines has announced the cancellation of multiple flights scheduled to operate today (01) due to the continued closure of airspace in certain parts of the Middle East. The affected services include routes between Colombo and several regional destinations, namely Dubai, Doha, Dammam, Riyadh, and Kuwait City. Cancelled flights UL231 Colombo – Dubai UL232 Dubai…
SalamAir has announced the temporary suspension of all its international flights, as well as services to Masirah, for a period of 24 hours starting from 28 February 2026. In an official statement, the airline cited the current evolving situation in the region as the reason for the precautionary measure. The airline emphasized that the decision…
SriLankan Airlines has announced the cancellation of several flights to and from key Middle Eastern destinations scheduled for today (28), citing the closure of airspace in parts of the region due to escalating tensions. The national carrier said the decision was taken in the interest of passenger safety and operational security, noting that the disruptions…
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