Milinda Ratnayake appointed Vice Chairman of Airport Authority

Milinda Ratnayake appointed Vice Chairman of Airport Authority

Veteran aviator, Capt. Milinda Ratnayake has been appointed as the Vice Chairman of the Airport Authority. Clocking over 15,000 hours of flying passenger aircrafts he has witnessed the operations of Air Ceylon, Air Lanka and Sri Lankan Airlines for over 40 years. Besides his flying career, he also possesses a wealth of managerial experience overlooking...

Sri Lanka’s economy grew at 3.2% in the First Quarter of 2018

Sri Lanka’s economy grew at 3.2% in the First Quarter of 2018

The Census and Statistics Department yesterday said that Sri Lanka’s economy grew by 3.2% year on year in the first quarter of 2018, slowing marginally from 3.5% expansion seen in the fourth quarter of 2017. Accordingly, the Gross Domestic Product (GDP) calculation, which uses 2010 as its base year, for the first quarter of 2018...

Foreigners pull out Rs. 2.7 billion from Sri Lanka’s Government Securities in a week

Foreigners pull out Rs. 2.7 billion from Sri Lanka’s Government Securities in a week

Foreign investors had pulled out Rs. 2.7 billion (over US $ 16.9 million) in a week, latest Central Bank data showed. Accordingly government securities (Treasury Bills and Treasury Bonds) held by foreign investors had come down from Rs. 304.45 billion to Rs. 301.73 billion from the period of 6th June to 13th June 2018, according...

Sri Lankan stocks extend losses, hit 14-month low

Sri Lankan stocks extend losses, hit 14-month low

Reuters – Sri Lankan shares fell for an eighth consecutive session on Monday to their lowest close in more than a year, as foreign investors sold shares, with block deals boosting the day’s turnover. The Colombo stock index ended 0.33 percent weaker at 6,310.51, its lowest close since April 11, 2017. The index dropped 0.4...

Travel alert update-BIA renovations

Travel alert update-BIA renovations

SriLankan Airlines wishes to inform all passengers that in view of a slight delay in the construction planned, we have noted that we are not yet restricted in space at this early stage of the renovation. Hence passengers have the option of still reporting at normal times – that is three hours prior to departure...

Sri Lanka Rupee continues to depreciate, hits Rs. 161 against US Dollar

Sri Lanka Rupee continues to depreciate, hits Rs. 161 against US Dollar

Sri Lankan Rupee reported another record low at selling rate of Rs. 161 against the US Dollar, making the Rupee depreciating against US Dollar at over 21% from the December 2014 levels. Central Bank announced average telegraphic transfer rates quoted by Colombo based Commercial banks as at 9:30 a.m today (18) reported as selling rate...

Rupture in a Crude Oil carrying pipeline to Sapugaskanda

Rupture in a Crude Oil carrying pipeline to Sapugaskanda

A rupture has been reported in a pipeline which carries crude oil to the Sapugaskanda Oil Refinery, reports recently outlined. However, the National Petroleum Corporation (NPC) had told reporters that the rupture is in the pipeline which carries oil from the oil vessel to the buoys and that officials have already been deployed to carry...

John Keells IT to accelerate business innovation with Microsoft

John Keells IT to accelerate business innovation with Microsoft

John Keells Holdings will be the first customer in Sri Lanka to host SAP S/4HANA on Azure Microsoft recently announced a strategic partnership with John Keells IT to accelerate John Keells Holdings’ Digital Transformation journey as well as enable them to build on this value proposition as a Partner across Asia and MENA. A big...

SriLankan Airlines – Travel Alert at BIA Renovations

SriLankan Airlines – Travel Alert at BIA Renovations

SriLankan Airlines wishes to inform all passengers, to arrive at the airport four hours prior to their departure time effective from Monday 18th June 2018. This is mainly due to a series of renovation work expected to commence shortly at the emigration counter areas at the departure terminal of the BIA. SriLankan Airlines would like to express...

Trump imposes 25% tariff on Chinese goods

Trump imposes 25% tariff on Chinese goods

BBC – US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft. The US will impose further tariffs if China retaliates, the White House said. The tariffs affect more than 800 types of products and are due to come into effect on 6 July. China...