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Fri, 15 Nov 2024 Today's Paper
Sri Lanka is exploring the possibility of issuing 10-year Samurai bonds under the provisions of the Active Liability Management Act (ALMA) before election cycle begins. “We are going to Tokyo later this month to explore the possibility of issuing S
Banks are making progress in processing moratoriums on loans granted to the tourism sector, as the sector seeks moratorium on loans worth of Rs. 101 billion. Central Bank Governor Dr. Indrajit Coom
The Sri Lanka Tourism Promotion Bureau (SLTPB) is planning to finally ink agreements with J. Walter Thompson (JWT) this week to award almost Rs.1 billion worth PR and advertising campaigns after facing delays due to bureaucratic red tape.
(Colombo) REUTERS: Sri Lankan shares rose for the third straight session yesterday to a 12-week closing high, as investors bought diversified and telecom stocks ahead of a key policy rates announcement later in the day.
HSBC Global Research this week flagged the possibility of inflation creeping up, derailing the plans of Sri Lanka’s Monetary Board to ease monetary policy, should there be increased fiscal spending ahead of crucial national
The very first article of the 1978 constitution says Sri Lanka shall be known as the Democratic Socialist Republic of Sri Lanka. One can argue that Sri Lanka at present is neither democratic nor socialist. As for the ‘democratic’ part in the cons
Facebook has significantly increased its investments to ramp up Sinhala and Tamil language expertise targeting to curb hate speech and other harmful contents originating from Sri Lanka on the social media platform.
Adamjee Lukmanjee (Pvt.) Ltd, a subsidiary of Adamjee Lukmanjee Group of Companies established in 1865, recently launched the company’s pepper cleaning facility, at its premises on Grandpass Road, Colombo 14.
Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga wants the authorities to revoke the licences of financial institutions which fail to implement the financial relief package introduced to help the tourism sector r
(Hong Kong) AFP: Asian markets mostly rose yesterday after two days of losses with investors focusing on congressional testimony by Federal Reserve boss Jerome Powell.
Sri Lanka’s struggling tea factories are likely to receive a financial relief package with the intervention of the Plantation Industries Ministry.
(Colombo) REUTERS: Sri Lankan shares rose for the second straight session yesterday to a near 12-week closing high, as investors bought diversified stocks ahead of a key policy rates announcement later this week.
The Colombo Stock Exchange (CSE) in partnership with Daily Mirror is featuring a column on Mirror Business as an Investor Relations initiative. The column, which will be featured in a Q&A format, encourages S&P SL20 companies to bring attention to de
Sri Lanka’s State-run tourism authority expressed confidence on a faster recovery of the sector with over two million arrivals this year, backed by recent reduction of charges at Bandaranaike International Airport (BIA) and other supportive measure
Wakana JPN (Pvt) Ltd. a Japanese firm which already operates two hotels in Sri Lanka’s southern coastal strip, is to invest US $ 8.4 million for a new boutique hotel in Ahungalla. The 21-roomed property will be designed by famous Japanese architect
Sri Lanka’s premier business chamber, the Ceylon Chamber of Commerce (CCC), this week was at the receiving end of prime ministerial anger over the apex organisation’s recent statement regarding the Millennium Corporation Challenge (MCC) and Statu
A few decades ago, typing and shorthand courses were popular amongst young girls aiming for low-skilled office jobs. But today, no one aspires to be a typist. With the proliferation of computers, most do their own typing. But the demand for graphic d
The government plans to revive the recently suspended free visa and visa on arrival programme from August 1 this year for 39 countries. Tourism Development Minister John Amaratunga yesterday revealed that his ministry along with the Department of Im
The Cabinet nod has been received for the proposed road map of Internet of Things (IoT), which is seen as a mechanism to standardize and regulate IoT technology of Sri Lanka.
(Colombo) REUTERS: Sri Lanka’s Central Bank is expected to leave its key interest rates unchanged tomorrow, a Reuters poll showed, after cutting them in May to support the economy as tourism and investment plummeted in the wake of Easter Sunday bom
Painting a rather bleak outlook, HSBC Global Research this week stated that any recovery in the Sri Lankan economy is unlikely until the much anticipated Presidential and Parliamentary polls are held to end the current policy and political impasse.
With nearly 60 percent of major proposals in Budget 2019 on track for completion, the government plans to revise the budget by reprioritising the remaining expenditure proposals to contain the fiscal deficit at a manageable level, due to the economic
The Cabinet approval has been received to reduce the ground handling charges, aviation fuel and embarkation levy at Bandaranaike International Airport (BIA) for a period of six months, to expedite the recovery of the tourism sector in the aftermath o
In our yesterday’s Page 1 story titled ‘Cargills looks to modernise agriculture supply chain as cost of local produce remains high’, several paragraphs were inadvertently quoted due to a technical error. Only the following paragraphs should be
(Frankfurt) AFP: Germany’s biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country’s financial sector looks to escape years of turmoil. The slashing of around one in five of its workfo
CT Land Development PLC, the owners of Majestic City, has embarked on a Rs.450 million refurbishment programme of the popular shopping mall cum entertainment complex in Bambalapitiya.
The Central Bank will most likely stay pat in this month after it cut the key policy rates on May 31 by 50 basis points to revive a tottering economy, said First Capital Research, leaving space for another 25 basis point cut towards the final quarter
(Colombo) REUTERS: Sri Lankan shares inched lower yesterday, retreating after six straight sessions of gains to a near 11-week closing high, as investors sold diversified stocks such as John Keells Holdings PLC.
The government expects to open the Palaly airport, which is set to undergo an over Rs.2 billion upgrading, for international traffic by this August, according to a media communiqué by the Transport and Civil Aviation Ministry. The airport located in
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