Business News (242)
Thales and local partner Just in Time Technologies (JITT) have been awarded the contract to supply Sri Lanka’s biometric passports, which are planned for a rollout next year.
Aitken Spence Hotels achieve a notable milestone in sustainable tourism
editor
Aitken Spence Hotels has achieved a remarkable milestone in sustainable tourism with all five of its Maldives resorts receiving the prestigious Green Globe Certification.
The Government’s temporary suspension of foreign debt payments leads to US $8.6 billion outstanding over 24 months, the Finance Ministry’s latest fiscal position report revealed.
Sri Lanka’s state-owned enterprises (SOEs) have turned financial losses into profits within the first four months of this year amidst the delay in the restructuring of selected entities.
AirSial, a private airline in Pakistan, is slated to start direct flight operations between Colombo and Islamabad, Sri Lankan High Commissioner Admiral (Retired) Ravindra Chandrasiri Wijegunaratne said.
Scope Cinemas is set to revolutionise cinema experiences in Sri Lanka with the grand opening of its new IMAX Theatre at Havelock City Mall on 24 July.
The Cabinet of Ministers has granted approval to provide a special monthly allowance of Rs. 3,000 to pensioners starting from September 2024 until their salary anomalies are fully addressed, according to Minister Susil Premajayantha.
Japan officially announces release of funds to resume projects in Sri Lanka
editor
The Japanese government today officially announced the release of funds for the resumption of development projects undertaken in Sri Lanka.
HSBC awarded ‘Best International Bank in Sri Lanka’ by Euromoney
editor
HSBC Sri Lanka has been recognised as the ‘Best International Bank in Sri Lanka’ by Euromoney in their Awards for Excellence 2024.
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an increase of 2.58% compared to the month of June 2023.
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Evolution Auto launches new range of electric vehicles in Sri Lanka
editor
Evolution Auto is pleased to announce the launch of its first electric vehicle lineup—a pioneering joint venture among Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited—designed to transform the sustainable transportation landscape in Sri Lanka.
ISO Convenes a Key Meeting in Sri Lanka shaping the Future of Tea
editor
Officials from 10 National Standards Bodies (NSBs) representing ten member countries convened in Colombo yesterday for the 30th plenary meeting of the International Organization for Standardization’s (ISO) Technical Committee on Tea (ISO TC 34/ SC 8).
Agricultural Exports record and an increase in First Half of 2024
editor
The agricultural export sector in Sri Lanka has seen a notable resurgence in the first half of 2024, surpassing the performance of the previous two years.
Despite challenges with shipping, Sri Lanka’s tea exports in the first half of this year have risen by 6% to 119.1 million kilos in comparison to the corresponding period of 2023