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Thu, 02 May 2024 Today's Paper
23 Apr 2024 - 0 - 444
Oldfort Café is Colombo’s latest restaurant and café located in close proximity to Colombo Fort Railway Station. This themed restaurant retains the grandeur of the old city in a unique way that would take the customers down memory lane. The restaurant has been designed to recapture the old façade of Colombo Fort in its pristine age of yesteryear. It is an interior design marvel that showcases the flamboyance of the old city. Despite its artifac
22 Apr 2024 - 0 - 76
International and local visitors can experience the fiery tradition and compassionate spirit as Sri Lanka unveils ‘Rhythms of Sri Lanka,’....
22 Apr 2024 - 0 - 436
Sri Lanka will see consumers hold back gold purchases as prices of the precious metal continue to expand globally....
22 Apr 2024 - 0 - 123
Setting the stage for a busy earnings season in the coming weeks, Lanka IOC PLC (LIOC) last week reported higher....
22 Apr 2024 - 0 - 95
Sri Lanka needs a national micro, small and medium-scale enterprises (MSME) policy backed by an innovative bureaucracy...
22 Apr 2024 - 0 - 60
Opposition Leader Sajith Premadasa yesterday called on the government to develop a targeted programme to assist....
22 Apr 2024 - 0 - 259
Sri Lanka is set to unveil a five-year National Artificial Intelligence (AI) Strategy in May to drive innovation, economic....
22 Apr 2024 - 0 - 550
Maldivian, the national airline of the Maldives, is looking to strengthen its Colombo route, with the introduction of two weekly...
22 Apr 2024 - 0 - 826
National carrier SriLankan Airlines announced over the weekends that it is modifying its flight paths for the European...
22 Apr 2024 - 0 - 55
Ambassador for France in Sri Lanka Jean-Francois Pactet visited the Hambantota International Port (HIP) recently, for a tour....
22 Apr 2024 - 1 - 311
Since the year 1997, I have been involved in a countless number of committees of national trade facilitation. The company....
22 Apr 2024 - 0 - 63
Dubai’s major airlines say they have resumed a full flight schedule after torrential rain hit the United Arab Emirates....
22 Apr 2024 - 0 - 56
Commercial Bank of Ceylon announced the integration of the Commerce Department with ComBank Digital, enabling....
22 Apr 2024 - 0 - 34
DFCC Junior - the exciting children’s savings account from DFCC Bank – recently launched e-gift vouchers as part of its benefits scheme....
22 Apr 2024 - 0 - 117
Seylan Cards reaffirms its dedication to empowering customers through education by announcing its partnership with the British....
22 Apr 2024 - 0 - 48
To mark the World Water Day, Amana Bank partnered with the Environment Committee of the Faculty of Arts at the University....
22 Apr 2024 - 0 - 30
People’s Bank recently declared open an ATM at the Poththapitiya Service Centre. Through this ATM, the customers can withdraw ....
22 Apr 2024 - 0 - 40
The founders of a key European interest rate benchmark have said its accuracy could be affected as a result of a “deep misunderstanding”....
National Development Bank PLC (NDB), a leading financial institution committed to promoting gender equality and diversity, announced....
20 Apr 2024 - 0 - 91
The Global Sovereign Debt Roundtable (GSDR) this week brought together debtor countries and creditors to build greater common understanding among the key stakeholders on debt sustainability and debt restructuring challenges and ways to address them. While the meeting reviewed progress on the work to improve debt restructuring processes and timelines, it helped address debt vulnerabilities. Participants also discussed priority areas for the work g
20 Apr 2024 - 1 - 558
Sri Lanka is to pay US $ 308 million in surcharges to the International Monetary Fund (IMF) over the next decade (2024-2033), in constituting to 15.8 percent of the total “charges and interests” over the period, according to the United States-based think tank Centre for Economic and Policy Research (CEPR). Over the period, Sri Lanka’s total charges and interests payments to the IMF stand at US $ 1.94 billion. Sri Lanka joined the list of 22 heavi
20 Apr 2024 - 0 - 93
The International Monetary Fund (IMF) projects the Asia and Pacific region to grow by 4.5 percent in 2024—an upward revision of 0.3 percentage points from the projection given in October 2023. With this, Asia would contribute about 60 percent of global growth and the region is projected to grow by 4.3 percent in 2025. While the drivers depend on the country, in China and India, the investments are to contribute disproportionately to growth—much o
20 Apr 2024 - 0 - 103
A total of 5.0 million kilogrammes was on offer this week at the Colombo Tea Auction, which was met with good general demand. The leafy teas were often firm and easier. The Small Leaf liquoring types – Better teas, continued to sell well, whilst the others were often irregular, Forbes and Walker Tea Brokers said. The Ex-Estate offerings were marginally lower to last and totalled 0.7 million kilogrammes. The overall quality of teas, though lower
20 Apr 2024 - 0 - 85
BBC: Oil and gold prices have jumped after US officials said an Israeli missile had struck Iran. Brent crude, the international benchmark, rose to over US $ 90 a barrel after reports emerged of an attack by Israel, before falling back when Iran sought to downplay the significance. Gold briefly came close to a record high before settling below US $ 2,400 an ounce. There are concerns a worsening conflict in the Middle East could disrupt oil supplie
20 Apr 2024 - 0 - 290
Posts 186% growth from last financial year Janashakthi Life recorded a profit before tax of Rs.5.2 billion, along with a growth of 201 percent in profit after tax compared to 2022. This achievement is the highest in the entire history of Janashakthi Life. It underscores the company’s robust financial health and strategic proficiency in navigating market challenges, the entity said in a statement. The key financial indicators, such as a capital
20 Apr 2024 - 0 - 52
Daintee, the confectionary arm of Sunshine Consumer Lanka Limited (SCL), recently marked its 40th anniversary, highlighting four decades of excellence in crafting delicious sweets and confectionery delights for millions of Sri Lankans. The grand celebration, which took place on April 1, 2024, was graced by Sunshine Holdings Deputy Chairman Vish Govindasamy, Sunshine Consumer Lanka Chief Executive Officer Anuruddha Aluvihare, the senior managemen
20 Apr 2024 - 0 - 29
Slight selling interest persisted for yet another day in the secondary market, with limited activities taking place on the belly end of the curve, largely on the investor favourite 2027 and 2028 maturities. Few trades took place between 11.35 percent to 11.38 percent on the 15.01.27 maturity whilst trades were also recorded on the 01.05.27 maturity, at 11.85 percent and 15.09.27 maturity between 11.95 percent and 12.00 percent. Moreover, on t
20 Apr 2024 - 0 - 34
Indices closed in red as a result of price losses in counters such as Hatton National Bank, Melstacorp and Commercial Bank with the turnover crossing Rs 1.4 Bn. High net worth and institutional investor participation was noted in LOLC Finance, Browns Investments and Capital Alliance. Mixed interest was observed in Hatton National Bank, Lanka Milk Foods and CIC Holdings whilst retail interest was noted in Waskaduwa Beach Resort, Softlogic Capital
20 Apr 2024 - 0 - 53
Thaala Bentota Resort by Browns Hotels & Resorts, in collaboration with the Department of Wildlife Conservation, recently unveiled a conservation initiative aimed at safeguarding Bentota’s vital mangrove ecosystem. The programme aims to focus on the ‘Ratha Milla’ plant (Lumnitzeralittorea), a critically endangered true mangrove species native to Sri Lanka. The Ratha Milla mangrove, previously thought to be limited to the Madu River Ramsar until
20 Apr 2024 - 0 - 71
Domino’s Sri Lanka extended its footprint to the Jaffna region with the opening of its newest outlet recently. With a commitment to delivering piping hot pizzas, garlic breadsticks and a range of chicken products, Domino’s brings a truly international experience to Jaffna, setting new benchmarks in culinary delight. As experts in 30-minute delivery, Domino’s ensures that your favourite dishes are swiftly delivered to your doorstep, guaranteeing
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