All Blogs
FitsAir acquires approval for inflight catering
FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost international travel. FitsAir’s Inflight Catering Services prioritise affordability and variety, providing passengers with wallet-friendly meal choices that won’t strain their budgets. […]
Japanese Finance Minister to visit Sri Lanka this week
Minister of Finance of Japan, Suzuki Shunichi will undertake an official visit to Sri Lanka from 11-12 January 2024. During the visit, Japanese Finance Minister is scheduled to have official discussions with President Ranil Wickremesinghe and Minister of Foreign Affairs Ali Sabry. Minister of Finance of Japan SUZUKI Shunichi and the delegation will visit Parliament, Jayawardene Centre, […]
The Princess Royal to visit Sri Lanka from 10 – 13 January
The Princess Royal and Vice Admiral Sir Timothy Laurence will arrive in Sri Lanka on Wednesday 10 January for a three-day visit. The visit comes as the two countries mark 75 years of diplomatic relations. The UK and Sri Lanka share many strong personal ties and common interests making the two countries natural partners through […]
Union Bank appoints Dilshan Rodrigo as Deputy CEO
Union Bank announces the appointment of Dilshan Rodrigo as the Deputy Chief Executive Officer with effect from 15 January 2024. Dilshan Rodrigo is a top banking professional with an impressive track record with over two decades of Banking experience. He last served as the Executive Director/Chief Operating Officer at Hatton National Bank (HNB), where he […]
Kshenuka Senewiratne presented credentials as the High Commissioner of Sri Lanka to India
Kshenuka Senewiratne presented credentials as the High Commissioner of Sri Lanka to India, to Smt. Droupadi Murmu, President of India at the Rashtrapati Bhavan on 05 January 2024.
Hambantota Port Sees 26-pct Surge in RO-RO Transshipment Volumes in 2023
On 30th December 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3626 units for transshipment to Ulsan […]
SEC approves a regulatory framework for Infrastructure Bonds
The Securities and Exchange Commission (SEC) has approved a regulatory framework to facilitate the issuance and listing of Infrastructure Bonds on the Colombo Stock Exchange (CSE). This landmark decision by the SEC is aimed at fostering both foreign and local investments in infrastructure projects that will contribute to the economic development and well-being of the […]
Understanding Informal Remittances During a Crisis: Experience from Sri Lanka
By Dr Bilesha Weeraratne, Piyumi Ranadewa and Manisha Weeraddana: Introduction Remittances carry vast economic implications for recipient countries at both macro and micro levels. The choice to send remittances through formal channels such as banks, registered money transfer operators, and online platforms, as opposed to informal avenues like Hawala/Undiyal operators or family networks, plays a […]
GALLE CONCERTO 2024: 6 Festivals In Art, Food, Literature & Music; Call for Extended Stays on SL’s South Coast
During the South Coast peak season of January through March of 2024, the ‘Galle Concerto’ series gives impetus to a symphony of heritage and contemporary festivals in art, food, literature, and music. Leading Lankan and international culture makers will be headlining the events – speaking, presenting and creating on topics pertinent and inspiring to Sri […]
Government Initiates VAT Exemption for Ayurvedic Products & Medicines to Lower Healthcare Costs: Minister
State Minister of Indigenous Medicine Sisira Jayakody announced a significant step toward reducing healthcare costs by exempting Ayurvedic products, medicines and industries related to indigenous medicine from Value Added Tax (VAT). The decision aims to make traditional medicine more accessible to the public. Additionally, the State Minister mentioned that the cabinet has granted approval for […]