Cinnamon Colombo Hotels Elevates Appreciation Event to Reinforce Commitment to Guest Safety and Experience
Cinnamon Colombo Hotels recently hosted an exclusive appreciation event to celebrate the invaluable contributions of its vendors, wedding concierge services and banquet-associated partners. The event was a significant opportunity to recognise and acknowledge the support received from its partners and its ongoing commitment to elevating the guest experience and safety standards. In an era […]
Dialog Axiata and Bharti Airtel to merge operations in Sri Lanka
Sri Lankan telecom operators Dialog Axiata and Bharti Airtel have signed a definitive agreement to merge telecom operations in the island nation, the companies said on Thursday, nearly a year after the merger was announced. Under the agreement, Dialog Axiata will acquire a 100% stake in Airtel Lanka by issuing Bharti Airtel a 10.4% stake […]
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by judge
DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. The changes, to be voted on by stockholders at a June 13 annual meeting, could be a tougher sell […]
Sri Lanka poised for bondholder deal by mid-May, StanChart says
Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at Standard Chartered. The South Asian nation has been hoping to reach a deal in the next few weeks, though the first round of direct talks with dollar bondholders failed to yield a […]
Sri Lanka implements new online visa system from today
The Department of Immigration and Emigration says its new visa process and the online visa application portal will be implemented today (17). The new visa methodology, relevant fees, requirements to be met and the validity period in Sri Lanka were earlier published in the Extraordinary Gazette No. 2360/24, dated 27 November 2023. In a press release, […]
Expressways generate revenue of Rs. 235 million in six days
The Road Development Authority (RDA) says the expressways have generated an income of Rs. 235 million within the past six days from 10 – 15 April. According to the RDA’s director general, Eng. Priyantha Suriyabandara, this year’s expressway revenue improved by approximately Rs. 80 million during the Sinhala and Tamil New Year season, in comparison […]
Sri Lankan delegation calls on top IMF, World Bank officials at 2024 Spring Meetings
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe. Sri Lankan delegation led by Semasinghe met with Mr. Okamura during the IMF-World Bank Group (WBG) Spring Meetings 2024 that […]
China’s economy grew 5.3% in the first quarter, beating expectations
China’s economy in the first quarter grew faster than expected, official data released Tuesday by China’s National Bureau of Statistics showed. Gross domestic product in the January to March period grew 5.3% compared to a year ago — faster than the 5.2% expansion in the fourth quarter of 2023 and 4.6% growth expected by economists […]
BIMSTEC Secretary General visits Sri Lanka; briefs President on expectations from 6th summit
The Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Indra Mani Pandey has undertaken an official visit to Sri Lanka recently. This was his first official visit to Sri Lanka since taking charge as Secretary General on 4 January this year. During the visit, the secretary general called […]
Hambantota International Port kicks off container operations
The Hambantota International Port (HIP), in a landmark move, inaugurated its container transshipment service operated by the Mediterranean Shipping Company (MSC). MV ‘MSC Ingrid’ made her maiden call at HIP on Tuesday (09), discharging a total of 500 plus TEUs of transshipment containers to be connected to a second carrier, ‘MSC Sky 11’, expected to […]