Sri Lanka Will Manage its looming debt crunch without IMF Support – Cabraal
The State Minister of Money Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated that the Government is able to manage the debt servicing with the available without resorting…
American investment creates jobs and not debt – Ambassador Teplitz
The United States (U.S.) expressed its strong commitment to promote and expand private sector investments aimed at employment creation in Indo-Pacific Region including in Sri Lanka as an alternative to…
Sri Lanka eyes to expand Sapugaskanda oil refinery to limit forex outflows
The Cabinet of Ministers recently approved a proposal to conduct a feasibility study to expand the capacity of Sapugaskanda oil refinery which is owned by the Ceylon Petroleum Corporation. The…
A fresh approach needed in city and town planning amidst the new normal triggered by the Pandemic – Institute of Town Planners of Sri Lanka
Sri Lanka’s Town Planners urge for a fresh approach in urban planning by taking up the unprecedented challenges as well as opportunities posed by the global pandemic disrupting daily life…
Sri Lankan shares end at 10-month high on industrials, financials boost
Sri Lankan shares rose for a fourth straight session to end at their highest level since early January on Friday, helped by gains in industrial and financial stocks. The benchmark…
The CCC to host Its Annual Sri Lanka Economic Summit virtually amidst COVID-19 threat
The Ceylon Chamber of Commerce CCC) decided to organize its 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 virtually for the first time in…
Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch
Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…
Milliman begins operations in Sri Lanka acquiring a local Actuarial firm
Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…
PATA recognises Sri Lanka’s renowned hotelier Hiran Cooray with its highest individual honor
The Pacific Asia Travel Association (PATA) has awarded its highest individual honor, Life Membership to one of Sri Lanka’s renowned hotelier and Jetwing Symphony PLC, Chairman, Hiran Cooray in recognizing…
Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle
The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…