Category:
”, Sri Lanka begins screening at airport
Jan 29, 2016 (LBO) – The World Health Organization said the spread of the Zika virus, transmitted by mosquitoes, is “explosive” and more studies were needed, as Sri Lanka began screening visitors from Latin American and African countries at the airport. The Zika disease has been detected in 23 Latin American countries and linked to […]
Amari Galle Sri Lanka – on track to open in late 2016
Construction of Amari Galle Sri Lanka is progressing on schedule, with the resort on track to open in late 2016. This upcoming opening marks the introduction of the Amari brand by ONYX Hospitality Group to Sri Lanka, and follows on the success of two earlier openings in the country – OZO Colombo and OZO Kandy. […]
”s Bharti Airtel to merge subsidiaries in Bangladesh
Jan 28, 2016 (LBO) – Axiata Group Bhd, Malaysia’s largest mobile operator by market value, and Bharti Airtel Ltd, India’s largest telecom operator by subscribers, agreed to merge their subsidiaries in Bangladesh, said Axiata on Thursday. The merger of Robi Axiata Limited and Airtel Bangladesh Limited, components of the respective companies, will create an entity […]
Sri Lanka trade deficit widens 1 pct in 11 months to Nov
Jan 28, 2016 (LBO) Sri Lanka’s trade deficit for the first eleven months of 2015 marginally increased by one percent to 7.6 billion dollars, the central bank said. Worker remittances declined 7.2 percent to 574.5 million dollars in November 2015, year-on-year, although cumulative inflow from remittances was up marginal 0.8 per cent to 6.4 billion […]
Sri Lanka foreign reserves estimated at USD7.3bln end Dec: CB
Jan 28, 2016 (LBO) – Sri Lanka’s gross official reserves were estimated at 7.3 billion US dollars by end December 2015, the Central Bank said. The figure remained unchanged from end November equivalent to 4.6 months of imports, while total foreign assets amounted to 9.1 billion US dollars, equivalent to 5.7 months of imports. During […]
Sri Lanka stocks close higher 0.05-pct
Jan 28, 2016 (LBO) – Sri Lankan stocks closed higher 0.05 percent with gains in some tobacco and beverage stocks, brokers said. The Colombo benchmark All Share Price Index closed higher 3.34 points at 6,319.89 up 0.05 percent. S&P SL20 closed 4.35 points up at 3,279.77 up 0.13 percent. Turnover was at 548 million rupees, […]
Sri Lanka imposes taxes on import of Mackerel fish
Jan 28, 2016 (LBO) – Sri Lanka will impose taxes for importing of tinned mackerel fish under a proposal brought to cabinet by Fisheries Minister Mahinda Amaraweera. In 2013 taxes on imported canned fish was increased to 100 rupees per kilogram to encourage the local production and it was reduced to 50 rupees as a […]
New passenger terminal at Bandaranaike Airport with JICA funding
Jan 28, 2016 (LBO) – The cabinet has decided to enter into a loan agreement with the Japan International Cooperation Agency to obtain funds to build a passenger terminal at Bandaranaike International Airport. The proposed passenger terminal with 180,000 square meters has a higher level access way to the terminal in addition to the provision […]
Safety of life at sea amendment from July, says European Chamber of Commerce
Jan 28, 2016 (LBO) – The International Maritime Organization’s amendment to the Safety of Life at Sea (SOLAS) agreement will come in to effect globally on July 1, 2016, which Sri Lankan authorities and shippers will need to follow, the European Chamber of Commerce in Sri Lanka said in a white paper. This amendment stipulates […]
PTL Watch: 2026 bond accepted at 11.14 pct at auction
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SriLankan launches thrice-weekly non-stop flights from Guangzhou to Colombo
SriLankan Airlines introduces thrice weekly non-stop flights from Guangzhou to Colombo from January 2016, on three of its four frequencies, becoming the first airline operating direct flights between Guangzhou and Colombo in the South China market. The flying hours of these non-stop frequencies are estimated to be 05 hours and 40 minutes whereas the previous […]
Sri Lanka up two notches on Corruption Perceptions Index 2015
Jan 28, 2016 (LBO) – Sri Lanka has been ranked 83rd among 168 countries in the 2015 Transparency International Corruption Perceptions Index showing a marginal improvement on its 85th place in 2014. The index which ranks countries according to the perceived level of public sector corruption is based on a scoring system that ranges between […]