Category:
Aitken Spence Travels to welcome first charter flight from Kazakhstan tomorrow
Aitken Spence Travels, the leading Destination Management Company in Sri Lanka working in partnership with TUI Kazakhstan, will welcome the country’s first charter from Kazakhstan tomorrow (6) after the airports reopened for tourist arrivals. According to the company, there will be two charters operating from Kazakhstan and it will be a first since the Sri […]
Foreign Ministry to open a Regional Consular Office in Kandy
Under the guidance of the Foreign Minister, Dinesh Gunawardena, to give impetus to the National Policy Framework of the Government, by enhancing the efficiency and effectiveness of service delivery to the public, the Foreign Ministry will open a Regional Consular Office in Kandy on Saturday, 06 February 2021 at 2.00 p.m. The Regional Consular Office […]
Deregulation Com. will change outdated laws that affect domestic & foreign companies: President
The Presidential Deregulation Commission will change the outdated laws and regulations that affect the general public as well as the domestic and foreign companies, President Gotabaya Rajapaksa said addressing the 73rd Independence Day. “This long-discussed but unimplemented activity has finally commenced,” he said. “I believe that implementing the recommendations of this Commission will provide significant […]
First Capital Holdings PLC’s LKR 2 Bn debenture issue snapped up on opening day
The Listed, Rated, Unsecured, Senior, Redeemable Debenture Issue of First Capital Holdings PLC with a tenure of 5 years was successfully oversubscribed on the opening day 1st February 2021. First Capital Holdings PLC having received a substantial number of applications, decided to exercise the option of increasing the issue up to LKR 2 billion. Commenting […]
Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this […]
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. 5,832 Million & Rs. 330 Million in the previous year during the similar period. The Company reported a growth of 2% in revenue with 110% growth in PAT. […]
Sampath Bank to raise Rs. 6Bn in listed debentures
Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of Basel III compliant debentures which will be quoted on the Colombo Stock Exchange. The bank said in a stock exchange filing that they intend to sell 50 million Tier 2, listed, unsecured, subordinated debentures at 100 rupees each […]
Fairfirst offers travel insurance with a COVID cover for the first time in Sri Lanka
Fairfirst Insurance offers a redefined travel insurance in the new normal by covering expenses arising from COVID-19. Allowing travelers to continue on their globe trot, Fairfirst Travel Insurance ensures that not only do customers get to experience their adventures again, but they get to travel with a plan exclusively designed to cover expenses against risks […]
Stock market halted after S&P SL20 drops over 7.7-pct
Colombo Stock Exchange (CSE) on Tuesday halted its trading for 30 minutes due to the S&P SL20 index dropping over 7.7% from the previous close. The CSE said the halt will be lifted at 2.17 p.m. Regular trading was halted for 30 minutes earlier in the day as well after the S&P SL20 index dropped […]
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent. As per the Statistics Department, Year on Year inflation of both the Food Group and […]
Cabinet approves developing West Terminal as public-private partnership with India, Japan
The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a public-private partnership and return it within 35 years together with the government of India and the government of Japan nominated parties and the Sri Lanka Ports Authority. […]