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Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘C’; Withdraws Rating

Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 …

Sri Lanka Uses Tea Exports to Payoff USD 55mn of USD 251mn Iran Fuel Debt – Tea Board

Under the Memorandum of Understanding between Iran and Sri Lanka, Sri Lanka commenced the repayment of its USD 250.9 million fuel debt to Iran …

K.C.Vignarajah, 1940-2024, An Appreciation

By Jekhan Aruliah I first met Kangasu Chelvadurai Vignarajah, known to many by his initials KC, in 2016. I remember from that first meeting, a dinner …

Seylan LKR 10Bn Debenture Issue oversubscribed on opening day

Seylan Bank, announced that its recent LKR 10Bn Debenture issue was oversubscribed on its opening day, with applications for over 100 million …

We are still reviewing Sri Lanka’s debt restructuring deal with bondholders, says IMF

The International Monetary Fund (IMF) is currently evaluating Sri Lanka's recent debt restructuring deal with bondholders, according to Julie Kozack, …

Director General of UNESCO Audrey Azoulay to visit Sri Lanka

The Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Audrey Azoulay will visit Sri Lanka from 16 – …

COPF uncovers major failings in online visa procurement; calls for forensic audit & possible abrogation or amendment

The Committee on Public Finance (COPF), chaired by Dr. Harsha de Silva, has released a critical report revealing major discrepancies in the …

Growth and Scale Summit 2024: Learn from global experts online for free

The Global Growth and Scale Summit 2024 is poised to be a transformative event for business owners, entrepreneurs, and working professionals …

Asiri Hospitals and NITF sign Agreement to provide healthcare benefits for all Agrahara members

Asiri Group of Hospitals, trusted for high standards in patient-centered care has signed a landmark agreement with the National Insurance Trust Fund …

Gear Up: SpeedBay endurance championship – 6hrs hits track this Saturday

The SpeedBay Endurance Karting Championship 2024 comes to life following a 5-year hiatus with it much anticipation and excitement amongst the …

Ceylon Chamber hosts ADB consultation mission to strengthen agri-food value chains in Sri Lanka

As part of efforts to address the urgent need for reforms in Sri Lanka’s agriculture sector, the Ceylon Chamber hosted a consultation mission from …

Minister Sabry highlights SL’s progress on economic stabilization during visit to Singapore

During Foreign Minister Ali Sabry's visit to Singapore recently he had a productive discussion with the Foreign Minister of Singapore on enhancing …

Star Garments Group expands to Togo to build its first overseas manufacturing facility

Star Garments Group (“Star”) announced its plan to build a large-scale apparel export manufacturing factory in Togo to boost the West African …

John Keells Logistics Launches Innovative Fleet Management Operation for DHL Express Sri Lanka

John Keells Logistics (JKLL), a leading provider of 3PL services in Sri Lanka, launched a new fleet management operation in partnership with DHL …

Hambantota International Port records High Growth in LPG operations in second quarter 2024

The Hambantota International Port’s (HIP) second quarter report on LPG operations records an increase of approximately 100% in volumes handled …

Downtown Duty-Free Mall at Port City Colombo geared up for opening as operators get BSI status

Port City Colombo announced that China Duty Free (CDF) and One World Duty Free (ODF) have been granted status as Businesses of Strategic Importance …

Delmege Lifestyle Cluster awarded interior fit-out project for LankaPay’s Colombo office

Delmege Lifestyle Cluster, a leader in innovative and sustainable interior design solutions, has been awarded the interior fit-out project for …

Cabinet approves special salary increment for Govt employees not engaged in recent trade union action

Non-executive government employees, who reported for duty on July 8 and 9, 2024, will be granted a special salary increment as a token of …

Orient Finance PLC Welcomes Daniel Alphonsus as Independent Non-Executive Director

Orient Finance PLC, a member of the Janashakthi Group, announces the appointment of Daniel Alphonsus as an Independent Non-Executive Director to the …

Sri Lanka seeks collaboration with Singapore Cyber Agency and Infocom Media Development Authority

Sri Lanka's quest for enhanced cybersecurity and digital transformation received a positive response from Singapore during a high-level meeting on …

Seasonal Swings in Sri Lanka’s Mango Market: A Balancing Act with Economic Insights

By Chandula Idirisinghe Sri Lanka's mango industry, deeply woven into the cultural fabric and dietary needs of Sri Lanka, is thriving with a 12.2% …

Op-Ed: Journey Towards a Brighter Future: Reflections from Outgoing WB Group Country Management

The outgoing World Bank Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, World Bank Country Manager for Maldives and Sri …

A Call to Debate: Law College’s Hulftsdorp Debates 2024 Set to Break New Ground

The English Literary Association of Sri Lanka Law College is proud to announce the return of the highly anticipated Hulftsdorp Debates (HDs) for its …

Sri Lanka Clarifies Status of Continental Shelf Claim and Cobalt Exploration

The Sri Lankan Ministry of Foreign Affairs issued a statement addressing recent media reports concerning the country's continental shelf claim and …