AITKEN SPENCE HOTELS
Turyaa Chennai, owned and operated by Aitken Spence Hotels, successfully met the criteria for obtaining ‘5-Star Deluxe’ classification
STATE BORROWINGS
Sri Lanka Thursday said it was stuck in a “gigantic debt trap” and that paying off foreign loans would hit a record US$ 2.4 billion
68TH REPUBLIC DAY OF INDIA
The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 68th Republic Day of India
LAUNCH OF CEYLON TEA PROMOTION
Coinciding with the 150th anniversary of the local tea industry, Sri Lanka is set to launch a new global campaign to promote
TRADE EXPANSION WITH GSP+ FACILITY
Heads of several of European companies along with the Belgian government have indicated interest in strengthening trade links
BEIRA LAKE PROJECT IN THE OFFING
A land area of 152 acres around the Beira Lake will be developed in the near future as part of the Megapolis initiative, with mixed
DROUGHT CONDITIONS ACROSS ISLAND
Sri Lanka’s recent drought has affected over 600,000 people in almost all districts. According to the health authorities
BACKING FOR COLOMBO WATER NETWORK
The European Investment Bank will provide EUR 50 million to support improvement and expansion
INTERNATIONAL PARITY AT WORK DAY
The inaugural International Parity at Work Day was celebrated around the world on 11th January 2017. Organisations
THE COLOMBO CLUB
It was in 1871, at a time when the environs of Galle Face were that much more expansive and played host to ubiquitous society events that had the British
GOVERNMENT NEEDS TO CAMPAIGN HARDER FOR RECONCILIATION
There is growing scepticism both locally and internationally about the government’s commitment
US$125 MILLION CREDIT TO MODERNIZE AGRICULTURE
Sri Lanka has signed a US$125 million credit with the World Bank to help the country modernize its agriculture sector
A BAD TIME FOR TEA
Sri Lankan tea is losing market share in Russia due to domestic brands gaining ground, a research report warns
CALL FOR INTERNATIONAL ASSISTANCE
President Maithripala Sirisena reached out to the United Nations (UN) and its affiliated bodies for assistance in the wake
RUPEE DEPRECIATING RAPIDLY
The Sri Lankan Rupee will soon depreciate to around 160 against the US Dollar, according to Dinesh de Silva, Chairman of the
SRI LANKA READY FOR ENERGY CRISIS
Minister of Power and Renewable Energy Ranjith Siyambalapitiya offered assurance that the island is prepared for the 2017 energy
FITCH AFFIRMS NINE SRI LANKAN BANKS
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of the following Sri Lanka-based banks:
MARKET REACTION
The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa May
GRANT TO CONSTRUCT RAIN WATER HARVESTING SYSTEMS
India and Sri Lanka today signed an MoU to construct 3000 rain water harvesting systems
AUSTRALIAN MUSIC CONCERT
The Australian High Commission is proud to present two of Australia’s leading classical musicians in a free concert to celebrate the
