Sri Lanka wants Chinese to follow the Great Admiral Sri Lanka Tourism is planning to attract Chinese...
Sri Lanka receives 85,874 tourists in January Sri Lanka has received 85,874 tourists to the...
Sri Lanka’s inflation in September slowed down to 6.4% from 7% recorded during the month of August.
Despite the slowdown in September 2011, the rate was still higher compared to the 5.7% recorded a year ago.
The Annual average inflation stood at 7.2% once again higher than 5.3% recorded a year ago.
Micromax the Indian based domestic mobile handsets company today announced the launch of its new phone the Van Gogh X450- A stylish phone that integrates a Bluetooth hands-free headset in its sleek design.
In addition to its unique design feature, Van Gogh X450 sports a matt finish with a glossy front and a 2.6” mirror-like TFT [...]
Sri Lanka says following the relaxations of foreign exchange regulations in 2010, local firms have started to borrow from international markets and foreign companies opening places of business in the country.
According to the Central Bank, following the move, 14 local firms have obtained US$ 197.1 million by mid-September through foreign loans.
The Bank said the move [...]
The Managing Director of the Sampath Bank Harris Premaratne has decided to resign from the post with effect from the 31st of December 2011.
Premaratne’s contract also ends on the same day.
Accordingly, the Chairman and the Board of Directors of the Sampath Bank has taken a unanimous decision to appoint the present Deputy Managing Director M [...]
Shareholders of the E-Channelling PLC has granted permission to invest Rs. 150 million to fund projects such as leisure, consultancy and training, media and advertising and financial services.
Also funds are expected to be pumped into areas such as the international marketing of the ECL group, Business Process Outsourcing in the health sector and strategic investments.
The [...]
Fitch Ratings has affirmed DFCC Vardhana Bank Limited’s National Long-Term rating at ‘AA-(lka)’ with a Stable Outlook.
The agency has also affirmed the bank’s subordinated debentures at ‘A+(lka)’.
Below is the full rating release issued by Fitch
Fitch Ratings-Colombo/Singapore-29 September 2011: Fitch Ratings Lanka has affirmed DFCC Vardhana Bank Limited’s (DVB) National Long-Term Rating at ‘AA-(lka)’ with a [...]
Officials of the Charles De Gaulle Airport in Paris have held SriLankan Airlines UL 564 aircraft, after identifying certain technical deviations in the Aircraft, not complying with the European technical standards.
“Due to certain technical deviations identified by Safety Assessment for Foreign Aircraft in Charles De Gaulle Airport in Paris, it necessitated the holding of UL [...]
Sri Lanka has recorded a Balance of Payment surplus of US$ 1,006 million during the first seven months of this year despite a widening trade deficit which stood at US$ 5,077 million at end July.
Last years same period, the BOP surplus was just US$ 1 million while the trade deficit stood at US$ 2,860 million.
Central [...]
Sri Lanka Tea Board says the country’s tea production for this year would be lower than last year but the export earnings will surpass the year 2010 figure to stand at US$ 1.4 billion.
The Director General of the Tea Board H.D. Hemaratne speaking to News360.lk said, “We estimate that the tea production will be around [...]
Sri Lanka’s Port sector will see its ongoing developments bringing in a total investment of US$ 5.2 billion.
According to the Country’s Port Chief Dr. Priyath B. Wickrama, these monies are coming from multilateral, bilateral and private sector funding.
He said, US$ 3 billion of it would come from bilateral sources such as China, India, Denmark, and [...]
NTB launches promotional campaign to reward customers
Sri Lankan embassy in Berlin celebrates the independence day
President Rajapaksa inspecting the “Tyson bite”
Sri Lanka host “Ayubowan China”
An Indian teacher finds $9.8bn in his bank balance
Deepawali celebrations at the Temple Trees
Cruise ship “Costa Concordia” sinks