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SriLankan Airlines has introduced a series of measures to mitigate inconvenience to its passengers from the closure of Cochin International Airport due to flooding with options to travel from other destinations in South India.

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Reuters: Shares extended losses for a sixth straight session on Friday, marking their lowest close in more than seven weeks as foreign investors trimmed equity exposure amid fears that the Government may introduce new taxes on several sectors.

Saturday, 18 August 2018 08:57

Rupee ends weaker, near all-time low

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Reuters: The rupee closed weaker and near its all-time low on Friday due to importer dollar demand and foreign outflows from equities and Government securities, dealers said.

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The Central Bank yesterday noted that the Banking Act does not prohibit granting loans to directors or their family but such a transaction is required to comply with additional prudential requirements given the potential conflict of interest.

Friday, 17 August 2018 06:02

B’desh beckons SL

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A host of investment opportunities exist for Sri Lankan corporates in Bangladesh, top officials from both countries said yesterday, calling for local businesses with long-term ambitions to venture into the nation of 160 million people.

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Ports and Shipping Minister Mahinda Samarasinghe yesterday said that there was a clause in the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) permitting a period of one year to make amendments to the FTA.

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The British Council in Sri Lanka held its IELTS Awards Night on Tuesday, 14August at Kings Court, Cinnamon Lakeside. Initiated in 2010, this annual awards ceremony is hosted by the country’s leading IELTS test centre, with the intention of recognising and celebrating its partner network across the island.

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The 14th edition of LMD’s Most Respected entities in Sri Lanka has been released, its publisher Media Services announced recently.

Thursday, 16 August 2018 05:54

Digital blitz to boost SL tourism

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The long-awaited digital campaign for tourism got Cabinet nod this week with approval to awarding contracts for promotional work in three difference countries.

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Sri Lankan Airlines had incurred an additional expenditure of $ 90,261 (Rs. 14.5 million) for 128 passengers in January 2014 as a result of the passengers missing their connecting flights due to the then Chairman Nishantha Wickramasinghe overruling a decision made by a highly trained operations control manager.

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