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Sat, 27 Jul 2024 Today's Paper
Central Bank Governor Dr. Nandalal Weerasinghe this week said he is optimistic about the definitive end to all types of debt restructuring and the beginning of debt repayment would lift Sri Lanka out of the ‘default’ status assigned by the global
Sri Lanka will review the progress of its economic and trade relations with Pakistan at the bilateral discussions set to take place at the end of this month, the Foreign Affairs Ministry announced yesterday.
The offerings at the Colombo Tea Auction totalled 5.8 million kilogrammes, where the Low Grown/Leafy teas – the Better sorts, continued to sell well, whilst the others were easier.
Aitken Spence Hotels’ all five Maldives resorts have received the Global Sustainable Tourism Council’s Green Globe Certification, in recognition of their contribution to sustainable tourism.
Sri Lanka’s largest hospitality trade exhibition, Hotel Show Colombo 2024, kicked off yesterday at the BMICH.
Adding to the woes of Sri Lanka dealing with the low availability of quality human capital in the hospitality and tourism industry, recent statements by officials from key stakeholder agencies highlighted a concerning trend on the low women’s parti
The ASPI edged down as a result of price losses in counters such as Commercial Bank, SMB Leasing nonvoting and SMB Leasing with the turnover crossing Rs. 575 Mn. A similar behaviour was witnessed in the S&P SL20.
The secondary market yield curve slightly edged up during yesterday’s session led by strong selling pressure ahead of the upcoming bond auction scheduled to take place next week.
Shangri-La Colombo will be presenting an extraordinary culinary experience with “Flavours of Türkiye” – an extravaganza of Turkish food and culture – from the 2nd to the 11th of August.
AIA Insurance concluded the 29th year of its Poson Safety Programme, celebrating zero fatalities and the rescue of six lives.
Sales professionals of Ceylinco Life who performed well in 2023 were recently treated to a holiday in Malaysia.
Chevron Lubricants Lanka PLC (CLLP) announced its intention to donate US$ 35,000 to the Sri Lanka Red Cross Society (SLRCS) as flood relief, specifically towards the cleaning of 1,500 wells in the Colombo and Matara districts, considering the devasta
NDB Bank has joined hands with the ‘1990 Suwaseriya Foundation’ to ‘Adopt an Ambulance’.
Janashakthi Life recognized and celebrated the achievements of its top performers by hosting an exclusive yacht tour featuring a scenic sunset cruise.
Nations Trust Bank has renewed its partnership with the Wildlife and Nature Protection Society of Sri Lanka (WNPS), continuing the bank’s contribution to WNPS and its environmental and awareness-building initiatives.
Completing yet another significant step towards enhancing the healthcare infrastructure of Sri Lanka, People’s Bank announced the completion and official opening of the newly renovated Cardiothoracic Pediatric Ward (Ward 1) at the National Hospita
President Ranil Wickremesinghe yesterday unveiled a blueprint to transform the country’s outdated plantation sector towards a modern and thriving agro-business by rolling out a slew of major reforms with an inside-out approach.
The government is planning to introduce climate change legislation along with other new environment laws to meet net zero carbon targets before 2050.
The Central Bank trimmed the policy rates by 0.25 percentage points. While the decision caught some sections of the economy off guard, others were not surprised.
The Ceylon Chamber of Commerce (CCC) yesterday called on the government to revisit the country’s visa strategy, so that Sri Lanka does not lose its market share in tourism to regional competitors.
The Central Bank is currently having technical level consultations in its bid to move away from the current dual policy rate and it reiterated that the single policy rate would be in operation before the end of the year.
Overseas Realty (Ceylon) PLC has recorded a group revenue of Rs. 3,605 million and a group Profit Before Tax (PBT) of Rs. 3,519million for 6 months ended 30June 2024.
The 22.5 percent electricity tariff cut, effective July 16, won’t hurt the Ceylon Electricity Board’s (CEB) cashflows, and will remain sufficient for debt servicing, Fitch Ratings confirmed.
Indices closed in red as a result of price losses in counters such as LOLC Holdings, Melstacorp and Hatton National Bank with the turnover crossing Rs. 503 mn.
The secondary market yield curve remained broadly stable while market activities were at a complete standstill yesterday. Investors remained cautious ahead of the Treasury bond auction scheduled for 30th Jul 2024.
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of April 1, 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF), urged the gove
The Association of Chartered Certified Accountants (ACCA) announced the awarding of the prestigious Gold Approved Learning Partner status to onlineaccounting.lk, recognising its exceptional contribution to the field of accounting education.
Scope Cinemas is set to revolutionise cinema experiences in Sri Lanka with the opening of its new IMAX theatre at Havelock City Mall on July 26, 2024.
Onomichi Dockyard Company Japan Managing Director and Colombo Dockyard PLC (CDPLC) Director Kunio Kobatake recently visited the Hambantota International Port (HIP).
Amana Bank has announced the appointment of Azreen Zaheer, a seasoned financial professional with over 30 years’ experience to its board of directors as a Non-Executive Independent Director, with effect from July 20, 2024.
27 Jul 2024 7 hours ago
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