Category: Other
Sri Lanka’s first attempt to conquer Everest
Set to make history for the country, JayanthiKuru-Utumpala and Johann Peries will be the first Sri Lankans to attempt the 8,488m climb to the summit of Mount Everest, inApril 2016. The duo will take Sri Lanka to the top of the world alongside a team led by the International Mountain Guides (IMG), a globally renowned […]
‘s largest integrated tourism group CEO visits Heritance Negombo
TUI Group CEO Fritz Joussen accompanied by other TUI top-level executives visited Heritance Negombo on Thursday. The 139-room hotel is the latest hotel investment by Aitken Spence in Sri Lanka, which is to open in April 2016. The high profile team from TUI, the world’s largest integrated tourism group, included the CEO of TUI Germany, […]
Sri Lanka to build elevated highway network in Colombo
Mar 03, 2016 (LBO) – The cabinet nod has been given to construct an elevated highways network in Colombo to reduce the traffic congestion and to build the road connectivity suburbs and expressways. It has been proposed to construct a road of 6.9 km long with 4 lanes from New Kelani Bridge to Rajagiriya. It […]
Foreign Minister’s remarks at Geneva Community of Democracies
Remarks by Hon. Mangala Samaraweera Minister of Foreign Affairs of Sri Lanka 20th Meeting of the Governing Council of the Community of Democracies Geneva, 2 March 2016 Recent developments in Sri Lanka Secretary General Excellencies Ladies and Gentlemen It is an honour to be invited to the Community of Democracies, since my distinguished predecessor Lakshman […]
” award at Guangzhou Fair
The Consulate General of Sri Lanka in Guangzhou in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s participation at the Guangzhou International Travel Fair (GITF) from 25th – 27th February 2016 at the Canton Exhibition grounds in Guangzhou. The GITF which is an annual event in Guangzhou and held since 1992 […]
Commercial Bank to keep 72 branches open on Mahasivarathri Day
The Commercial Bank of Ceylon has announced it will keep 72 branches open for business on Monday, 7th March, a Public and Bank holiday to mark the Mahasivarathri festival. The Commercial Bank branches that will operate on that day include the Bank’s 30 Supermarket Banking Centres and 25 ‘365-day’ branches which will work their customary […]
Royal Turf Club formed; aims to boost sports tourism
The exciting sport of horse racing with it’s glamour, prestige and showmanship has long held a place in the hearts and history of Sri Lanka. In the 1840’s Mr. John Baker introduced this illustrious sport with the inaugural race taking place at the Nuwara Eliya Race Course in 1875. Originally conducted by the Nuwara Eliya […]
Sri Lanka’s Right to Information Bill in Parliament next week
Mar 03, 2016 (LBO) – The much-awaited Right to Information Bill is to be presented to the Parliament on March 8 for the first reading, the government said. Mass Media and Parliamentary Reforms Deputy Minister Karunaratne Paranavithana said all Provincial Councils have endorsed the draft Bill referred to them. “There was a slight delay in […]
Trincomalee port records Rs9mn increased income: Ports Ministry
The Port of Trincomalee has recoded Rs. 9 million of increased income during the last two months by re-establishing the weigh bridge system at port. The total income received by the port was reported as at Rs.71 million for the said period. The port introduced Weigh Bridge system first, in the year of 2006 but […]
Fitch downgrades Sri Lanka Telecom to B+
Fitch Ratings has downgraded Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B+ from ‘BB-‘. The Outlook on the IDRs is Negative. The agency has affirmed SLT’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The rating action follows Fitch’s downgrade of Sri Lanka’s Long-Term Foreign- and Local-Currency […]
Holcim Lanka and Maga initiates sustainable green building practices
Holcim (Lanka) Ltd, a member of the LafargeHolcim Group and a leading company in building materials, together with Maga Engineering (Pvt) Ltd, Sri Lanka’s leading construction & engineering company, officially signed a memorandum of understanding (MoU) on 1 March 2016, on working towards a path of sustainability for the Sri Lankan construction industry. The MoU […]
Fitch downgrades SriLankan Airlines government guaranteed bonds to B+
Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government-guaranteed bonds to ‘B+’ from ‘BB-‘. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B+’ with a Negative Outlook (see ‘Fitch Downgrades Sri-Lanka to ‘B+’; Outlook Negative’, dated 29 February 2016). The national carrier’s bonds […]