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Fri, 17 May 2024 Today's Paper
04 May 2024 - 0 - 140
The overall offerings at the Colombo Tea Auction increased to 5.2 million kilogrammes, from the previous week’s 4.6 million kilogrammes. The Low Grown/L
04 May 2024 - 0 - 49
The ASPI closed in green as a result of price gains in counters such as Bukit Darah, Central Finance Company and National Development Bank with the turnover crossing Rs 2.4 Bn. Meanwhile, the S&P SL20 edged down. High net worth a
04 May 2024 - 0 - 48
The secondary market continued to see active buying interest across the yield curve during yesterday’s session. Investor participation was largely centered on the shorter and the mid tenures of the yield curve. Thus, several trades were ent
04 May 2024 - 0 - 39
BBC: Apple sales have fallen in almost every market across the globe, according to the latest results from the tech giant. The company said that demand for its smartphones dropped by more than 10 percent in the first three months of this year, while overall s
04 May 2024 - 0 - 54
As a result of the appreciation of the rupee and a reduction in the world market prices, the major domestic gas suppliers in the country have decided to decrease their retail prices, effective last night. This price reduc
04 May 2024 - 0 - 66
CNN: The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. WeBuild Group said in a press release yesterday that it had sent a preliminary design and plans to the US officials for the recon
03 May 2024 - 0 - 648
SL Banks’ Association Chief says country is ‘couple of months’ away from striking a deal with bondholders By Nishel Fernando
03 May 2024 - 0 - 151
Sri Lanka’s total exports in March expanded by 9.5 percent Year-on-Year (YoY) to US$ 1.41 billion with positive growth seen in key markets. Data shared by the Ex
03 May 2024 - 0 - 444
Seylan Bank PLC more than doubled its profits in the three months ended in March 2024 as the company provided much less for possible bad loans as the economy improves while the borrower profiles strengthen with easing rates. The bank with asse
03 May 2024 - 0 - 74
The Ceylon Chamber of Commerce announced its appointment as the Chair of the Indian Ocean Rim Business Forum (IORBF) fo
03 May 2024 - 0 - 83
The Central Bank of Sri Lanka (CBSL) has identified one more entity named Windex Trading to have been promoting illegal pyramid schemes in the country. The latest notice bri
03 May 2024 - 0 - 64
A top-level Chinese business delegation, led by China Association of Small and Medium Commercial Enterprises (CASMCE) Secretary and President Ren Xinglei, met with Board of Investment (BOI) Chairman Dinesh Weerakkody and
03 May 2024 - 0 - 149
The Pekoe Trail Company (Guarantee) Limited is an innovative approach adopted by the Tourism Resilience Project to ensure the trail’s long-term sustainability and effective management. In April 2024, a collaborativ
03 May 2024 - 0 - 39
Hayleys Solar, the renewable energy arm of Hayleys Fentons, has successfully completed an impressive 2.3MW capacity solar power installation for Texlan Centre (Pvt.) Ltd, a leading hosiery manufacturer and exporter in the country.
03 May 2024 - 0 - 43
Amana Bank announced the appointment of its Vice President Retail Banking and Marketing Siddeeque Akbar as President of the Association of Alternative Financial Institutions (AAFI), testifying Siddeeque’s leadership and expertise within th
03 May 2024 - 0 - 34
Joined Amana Bank in its formative stages to set up marketing function as Senior Manager Marketing and Corporate Communications, eventually was elevated to Vice President Retail Banking and Marketing. Prior to joining Am
03 May 2024 - 0 - 36
Sri Lanka Climate Summit 2024, organised by the Ceylon Chamber of Commerce, will be inaugurated by President Ranil Wickre
03 May 2024 - 0 - 27
The ASPI edged down as a result of price losses in counters such as Hatton National Bank, Bukit Darah and Sampath Bank
03 May 2024 - 0 - 16
The yield curved nudged further down as the secondary market continued to see buying interest for the 5th consecutive session amidst positive investor sentiment while volumes were on moderate levels. On the short end of the curve, 01.02.2026 closed transactions at 10.40 percent. Further, 15.05.2026, 01
03 May 2024 - 0 - 15
REUTERS - Oil prices rose yesterday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude fu
Union Bank said it encountered mixed challenges in its financial performance during the first quarter of 2024, which however reflected strong credit growth and brand investment. The bank’s result
03 May 2024 - 21 - 1369
The Planters’ Association (PA) of Ceylon representing Regional Plantation Companies (RPC) is moving ahead to object to the Rs.1700 daily wage increase proposed for plantation workers, while asserting that a final decision is yet to be reached on the matter.
02 May 2024 - 11 - 2247
The government may consider scrapping the reintroduced Minimum Room Rate (MRR) for Colombo city hotels in two months, after evaluating whether it has fulfilled its purpose.
02 May 2024 - 3 - 1285
The growth in exports in March outstripped the increase in the expenditure for merchandise imports for the same month, as the exports of textiles and garments showed strength once again, after losing a bit of steam in the recent months.
02 May 2024 - 0 - 103
The Sri Lanka Tourism Promotion Bureau jointly collaborated with the Sri Lanka Convention Bureau recently, participating in the Exotic Wedding Planners Conference (EWPC) 2024, alongside key industry participants. This marked the first-ever presence of Sri Lanka at this renowned event, showcasing the country’s potential as a premier destination for weddings and events. The EWPC series is renowned for promoting networking, education, and business
02 May 2024 - 0 - 98
The government this week announced its efforts to make Mirissa, a small town located on the south coast of Sri Lanka, a Blue Flag Coastal Zone and a marine wildlife sanctuary conforming to international standards. On Monday, Cabinet of Ministers approved the proposal presented by the Prime Minister to implement a set of recommendations made through relevant ministries and institutions in this regard. Following a meeting held in May 2023, Cabinet
02 May 2024 - 0 - 96
The Japan Tourism Agency (JTA) is stepping up efforts to expand gastronomy tourism in a bid to combat overtourism, cater to the high-end market and boost inbound tourism consumption in rural areas. JTA will provide financial subsidies in fiscal 2024 (April 2024 to March 2025) for the development and promotion of programmes focusing on regional culinary cultures. The Japanese government considers food and drinks an industry with high potential for
02 May 2024 - 0 - 39
The Southern MICE Expo 2024 is scheduled to take place form the May 27th to 31st. Southern MICE Expo 2024 is organized by the Sri Lanka Convention Bureau (SLCB) with acknowledgement from the Ministry of Tourism and Lands, positioning Sri Lanka’s southern region as the primer destination for Meetings, Incentives, Conferences, Exhibitions and Events (MICE). The event purposes to elevate the region’s appeal as the hub for business tourism. Souther
02 May 2024 - 0 - 78
n Inflation or no inflation, concerns about the economy or no concerns, overtourism is becoming the new normal Travel has become such a fundamental part of the basic human needs. After you take care of your physiological needs: food, shelter, clothing, sleep, etc., next comes health, family and…travel. This is Maslow’s Hierarchy of Needs 101. Overtourism is a more serious problem than what many tourism professionals think. Revenge travel in the
02 May 2024 - 0 - 81
The introduction of Minimum Room Rate (MRR) for star hotels in Colombo is likely to hurt Colombo’s competitiveness in MICE tourism while impacting smaller star hotels, a tourism industry update by First Capital Research (FCR) highlighted. “The implementation of the MRR is likely to disproportionately affect specific segments of the tourism industry, particularly the MICE (Meetings, Incentives, Conventions, and Exhibitions) sector, which is one of
1 hours ago