Land Valuation Indicator – Second Half of 2022 Land Valuation Indicator (LVI) for Colombo District increased by 14.8 per cent on a year-on-year basis to 205.2 during the second half of 2022. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Commercial LVI recorded the highest annual…
Religious tourism, including places associated with Hindu mythology and Buddhist sites, and wedding destinations are attracting more tourists from India, says Chinthaka Perera, the airlines Manager for Andhra Pradesh and Telangana The Hindu – SriLankan Airlines has set its eyes on Visakhapatnam, the proposed new capital of Andhra Pradesh, as part of its global restructuring…
The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting of G20 finance ministers and…
Sunquick Lanka (Private) Limited, the local manufacturer of the much loved Sunquick fruit concentrate, Sunquick BiBi ready-to-drink (RTD), officially declared open its Sunquick RTD Manufacturing Facility in Horana on 23rd February,2023 , reassuring its strong presence in the Sri Lankan market. Gracing the special occasion were CO-RO A/S Denmark, President Søren Holm Jensen and Sunquick…
Achintha Hewanayake is a Veteran banker, Accountant, and IT specialist. CL Synergy Limited (CLS), is a fully-fledged Freight forwarding company, prioritizing flexibility, efficiency, and competitive pricing. Founded in 2004, CLS firmly believes in challenging the status quo. This is part of the ‘why’ that the company operates on and is very much part of its…
Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecom company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect Fitch’s view that Dialog will be able to maintain a credit profile commensurate with a ‘AAA(lka)’ rating in the next 12-18 months, despite lower demand for telecom…
Operating Income of LKR 38.8Bn, YoY growth of 67% Profit Before Tax of LKR 13.4Bn, YoY growth of 29% Profit After Tax of LKR 7.2Bn, YoY growth of 8% Strong Capital Adequacy with Tier I of 14.8% and Total CAR of 16.9% Nations Trust Bank PLC (NTB) continued its steady performance to close the financial…
President visits Hikkaduwa to discuss tourism-related issues and ideas with businessmen in the industry President Ranil Wickremesinghe has announced plans to make Sri Lanka a year-round tourist destination, with measures to be taken to promote the tourism sector. He made these comments during a meeting with businessmen from the tourism industry in the Galle District…
The bilateral Air Services Agreement signed between the Netherlands and Sri Lanka on Wednesday, 22 February 2023 in The Hague will provide a stronger platform to intensify connectivity both between the countries as well as the European and Asian regions. The instrument inked at the Dutch Ministry of Foreign Affairs provides, inter alia, for the designated airlines of both countries to fly between…
Reuters – A 30% upfront cut of debt-stressed countries’ borrowings could save them $148 billion over eight years, the U.N. Development Programme said on Wednesday, proposing a move to address global debt problems stirring growing international concern. A ‘haircut’ of 30%, or $191 billion, on the 2021 external debt of the 52 most “debt vulnerable”…
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