Category: Industry
dnata Travel Group launches global travel industry event to boost tourism in Sri Lanka
dnata Travel Group, a leading Dubai-based travel services provider, part of the Emirates Group, is launching a travel industry event in Sri Lanka this June, Horizon: Sri Lanka, hosted by senior representatives from its global brands, amidst growing demand for travel to the island country. For dnata Travel Group brands and its partners at Emirates […]
”s proposed wage hike for plantation sector workers
The plantation industry raised its strongest possible objections to the Government’s arbitrary, reckless, unilateral decision to drastically hike minimum wages for tea and rubber sector workers by an unprecedented 70%. All producer stakeholders issued a unified warning against the devastating impact the latest increase will have on the plantation sector, leading crippling operational challenges, ultimately […]
Singapore offers assistance to upgrade Immigration system in Sri Lanka
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met a team of officials from the Immigration Checkpoint Authority (ICA) of Singapore at the High Commission recently. The ICA delegation is scheduled to visit Sri Lanka from 26 to 31 May 2024 and the visit aims to explore opportunities for collaboration in enhancing Sri […]
Central Bank launches financial literacy roadmap of Sri Lanka 2024-2028
The Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans, in Colombo Tuesday. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence- based guidance to all stakeholders engaged in financial literacy initiatives, aligning them […]
JKH records strong Q4 2023/24 with recurring EBITDA growth of 20-pct to Rs.14Bn
• During the fourth quarter, the Group reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed in the […]
Seylan Bank appoints Justice Buwaneka Aluwihare as Chairman
Seylan Bank PLC has announced the appointment of Justice Buwaneka Aluwihare, PC, who is set to assume the role of Chairman of the Board, effective from 29 May 2024. The transition follows the retirement of the current Chairman, Ravi Dias, who will complete his nine-year tenure as a Director of the Bank on May 28, […]
’24 in under 10 minutes
Watch the recap to catch up on the latest news, announcements, and AI updates from Google. These are the new products and updates announced at Google I/O 2024: Gemini 1.5 Flash: A lighter-weight model designed to be fast and efficient to serve at scale. Gemini 1.5 Pro: An improved model for general performance across a […]
Sri Lanka Targets UAE as a Key Tourism Market at Arabian Travel Market 2024
Sri Lanka made a significant presence at the Arabian Travel Market (ATM) 2024 in Dubai highlighting the island nation’s diverse attractions and offerings. The Sri Lanka pavilion at ATM 2024 was organized by the Consulate General of Sri Lanka in Dubai in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB). Arabian Travel Market was […]
”’
Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated, Basel III-compliant subordinated debentures of up to LKR10 billion an expected National Long-Term Rating of ‘BBB(EXP)(lka)’. The proposed debentures, which will have maturities of five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds […]
Port City Colombo to reinvent SL economy to contemporary system that is geared for export of services
Port City Colombo says it hopes to empower large-scale business growth within the South Asian region through a reliable and competitive regulatory environment that enhances the ease of doing business. Issuing a statement the Port Coty Colombo says that this progressive economically ring-fenced landscape is projected to reinvent the Sri Lankan economy, from one that […]
Two Luxury Liners visit Hambantota International Port
Two cruise ships docked at Hambantota International Port on 15th May 2024. MV. Silver Cloud owned by Silversea Cruises, the luxury brand of the Royal Caribbean Group arrived from Cochin carrying 232 passengers while TUI’s Mein Shiff5 arriving from Langkawi carried 2,434 passengers. A group of passengers from MeinShiff5 did their customary e-bike tour to […]
Siddhalepa takes Ayurveda to UAE
Siddhalepa, the Ayurveda-based wellness brand, unveiled its presence in the Middle East, particularly in the United Arab Emirates. This auspicious occasion celebrated recently, at the Pullman Hotel, Diera, Dubai, signifies a new era of holistic wellness in the region. The launch event commenced with a warm welcome address by Shihan Sherif, representee of the Sri […]