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Leading luxury Tour Operator Kuoni pledges backing for Sri Lanka

Leading luxury Tour Operator Kuoni has pledged to drive bookings to Sri Lanka by holding its first overseas sales managers’ conference since pre-pandemic 2019 in the country. Sri Lanka has long…

Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis

December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…

Share price of over 55% CSE-listed hotels up since March 2022

Since Sri Lanka’s worst economic crisis in Mar 2022, the share prices of nearly 55% of thehotels listed in Colombo Stock Exchange (CSE) have risen on a Year-on-Year basis, according…

U.S. partners with David Pieris Motor Company to boost electric mobility in Sri Lanka

The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka. …

TUI extend the suspension of Sri Lanka holidays

TUI has further extennded the cancellation of holidays to Sri Lanka. The operator’s program is being suspended for an extra week until August 22th. Tui started holiday cancellations to Sri…

Sri Lanka focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022

Sri Lanka will focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022 with nearly half of these obligations falling within the 1st quarter of the…

Sri Lanka’s Electronic Travel Approval (ETA) system not updated to cater to the needs of a modern traveler – COPA

Sri Lanka’s Department of Immigration and Emigration is yet to update the “Electronic Travel Approval” (ETA) system which aims to provide a more comprehensive and attractive service for tourists planning…

Gem Dealers in Sri Lanka Welcomes Govt Moves on Ease of Doing Business in Budget 2022

The Largest Association of Gem Dealers in Sri Lanka, the Chinafort Gem and Jewellery Traders Association welcomes the Government’s initiatives to promote Ease of Doing Business measures in the Gem…

Sri Lanka Eyes air connectivity for tourism recovery as the Island destination attracted 22,771 tourists in October

Sri Lanka’s tourism officials eyes direct air connectivity for tourism recovery as the Island destination attracted 22,771 tourists in October indicating modest improvement owing to factors such as vaccination advances…

Sri Lanka Commits to declare minimum 30% of the country’s marine reserves as protected areas at COP26

Sri Lanka signed up to the 30by30 target committing to declare a minimum of 30% of the country’s marine reserves as protected areas by 2030 at COP26 in Glasgow along…