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Monday June 3rd, 2024
Business

Maldives overtakes UK as second largest tourist source amid VFS Global visa controversy

.In the first 30 days of May, Sri Lanka's has welcomed 108,000 tourist, down from 148,000 in April

June 2, 2024 3 min read

Sri Lanka coconut prices soar 20-pct at auction over May

The highest price was 79,900 rupees for 1,000 nuts at the May 30 auction

June 1, 2024 1 min read

SAITM to be handed over to University of Moratuwa

University to make pre-arrangements before commencing academic studies in January 2025.

May 31, 2024 1 min read

NH Collection brand enters Sri Lanka replacing Mövenpick at Softlogic hotel

NH Collection is an upmarket brand of Bangkok-based Minor group

May 31, 2024 1 min read
Sri Lanka moves to ban 'Happy Hour' leave hotels staggered

The Happy Hour is not only found in Sri Lanka. It is across the world

Sri Lanka tourists to get 60-day visa free entry to Thailand

The visa will also allow foreign students of higher education to stay for one year after graduation and work

Reyaz Mihular chairman of Sri Lanka's Watawala Plantations

Mihular, a chartered accountant, appointed chairman, succeeding Sunil G Wijesinha who held the position for 12 years

May 30, 2024 1 min read

Sri Lanka's Aitken Spence Plantation Managements to delist from CSE

The exit offer price is 240 rupees per share

May 29, 2024 2 min read

Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme

Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation

May 28, 2024 1 min read

Sri Lanka plantations say state 'arbitrary' wage order will de-stabilize tea sector

Plantations say cost increase Rs35bn a year from mandated wages

May 28, 2024 5 min read

Sri Lanka govt to take over tea estates that don't increase worker wages

Separate discussions have been held with estate owners and labour unions, he said.

May 27, 2024 3 min read

IORA Biz Conclave in Sri Lanka to focus on Blue Economy, SMEs

Innovative financial approaches and private sector leadership are essential for a sustainable future

May 27, 2024 2 min read

Sri Lanka may run out hotel rooms for high-end tourists: Official

"High-end hotels which are charging over 250-300 dollars a night are having very high occupancy at very high rates"

Apsara Rodrigo
May 27, 2024 2 min read

Sri Lanka tea production down 15-pct in April over scorching sun

Medium growns fell from 4.51 to 3.55 and low growns fell to 13.32 from 14.92 million kilograms

May 26, 2024 1 min read

Truth behind Sri Lanka VFS visa deal to be exposed: Harsha

COPF is committed to exposing the truth behind the controversial GBS/IVS tender

May 26, 2024 1 min read

Melco's Nuwa hotel to open in Sri Lanka in mid-2025

.The group's integrated resort is being re-branded City of Dreams', a brand of Melco

May 25, 2024 2 min read
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Sri Lanka state interference in plantation wages escalates into land grab threat

Committee to examine whether the companies can pay the salary or not

May 24, 2024 3 min read

Sri Lanka CHEC Port City project completion date extended

Period of implementation of the Project will be extended to June 5, 2027 with the signing of a supplementary agreement

May 23, 2024 1 min read

Sri Lanka plans golf course in Chilaw

Iranawila and Chilaw will be developed as a tourism hub

Apsara Rodrigo
May 23, 2024 1 min read

Sri Lanka plans to expand Bingiriya export zone to 1,100 acres

More than 600 acres would be acquired

May 23, 2024 1 min read

Sri Lanka to host foreign artistes, Sigiriya fashion show to promote tourism

We will be hosting a few international artists in July to August

Apsara Rodrigo
May 23, 2024 1 min read

Sri Lanka coconut auction prices soar 10-pct

Coconut prices have risen 12.9 percent over the past three weeks

Apsara Rodrigo
May 22, 2024 1 min read

Sri Lanka agriculture minister asks for potato import tax as people skip meals

"The prices are up because or production costs are high. That's why we can't compete with imports."

Apsara Rodrigo
May 22, 2024 2 min read

Sri Lanka to resume Suraksha student insurance

Coverage across all types of schools, for students from low-income families earning less than 180,000 rupees annually

May 22, 2024 1 min read

Sri Lanka's Cinnamon Life begins marketing, accepts bookings

Cinnamon Life hotel commenced accepting bookings for stays and banqueting functions

May 22, 2024 2 min read

Sri Lanka seeks to draw youth into agri-entrepreneurship with Rs1.6bn funding

To attract youth to agriculture and to introduce them to new agricultural technology,

Nethmi Rajawasam
May 18, 2024 1 min read
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