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Category: BUSINESS

Sri Lanka tourism kicks off promotion campaign in India
BUSINESS

Sri Lanka tourism kicks off promotion campaign in India

Sri Lanka Tourism with the Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotels Association of Sri Lanka…

byFaraz Shauketaly05/06/2019
SriLankan Airlines to wet lease an A330-300 to Oman Air
BUSINESS

SriLankan Airlines to wet lease an A330-300 to Oman Air

The SriLankan Airlines has decided to wet-lease one of its aircrafts with Oman Air with effect from this month (June).…

byTeam Independent04/06/2019
Sri Lanka cuts policy rates to stabilize inflation and stimulate growth
BUSINESS

Sri Lanka cuts policy rates to stabilize inflation and stimulate growth

The Monetary Board of Sri Lanka’s Central Bank has decided to relax monetary policies and reduce policy interest rates aiming…

byFaraz Shauketaly31/05/2019
New “Sancharaka Poddo” loan scheme introduced for small businesses in tourism sector affected by Easter Sunday attacks
BUSINESS

New “Sancharaka Poddo” loan scheme introduced for small businesses in tourism sector affected by Easter Sunday attacks

Sri Lanka’s Minister of Finance Mangala Samaraweera on Thursday introduced a relief package for various sectors of the economy affected…

byFaraz Shauketaly31/05/2019
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
BUSINESS

Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019

Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. “Along…

byFaraz Shauketaly30/05/2019
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
BUSINESS

Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism

Sri Lanka’s cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given…

byFaraz Shauketaly30/05/2019
Capital Trust becomes the sole owner of ride-hailing-app, Taxiya
BUSINESS

Capital Trust becomes the sole owner of ride-hailing-app, Taxiya

Taxiya, a ride-hailing service powered by an advanced digital mobile App, is now wholly owned and managed by Capital TRUST…

byFaraz Shauketaly30/05/2019
Sri Lanka trade deficit considerably narrows in March 2019 as imports decline
BUSINESS

Sri Lanka trade deficit considerably narrows in March 2019 as imports decline

Sri Lanka’s year-on-year trade deficit continuing its improving trend narrowed significantly in March 2019, the Central Bank reported in its…

byFaraz Shauketaly29/05/2019
Sri Lanka JKH revenue up 12-pct: EBITDA down 11-pct
BUSINESS

Sri Lanka JKH revenue up 12-pct: EBITDA down 11-pct

Sri Lanka’s John Keells Group’s revenue increased by 12 percent to 135.46 billion rupees while recurring earnings before interest expense,…

byFaraz Shauketaly28/05/2019
Sri Lanka Tourism Alliance launches #LoveSriLanka initiative
BUSINESS

Sri Lanka Tourism Alliance launches #LoveSriLanka initiative

In the wake of the Easter Sunday outrage, several hoteliers came together to form the Sri Lanka Tourism Alliance, launching…

byFaraz Shauketaly28/05/2019

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