Front PageUnilever Executive Vice President visits Sri Lanka
Nitin Paranjpe, Executive Vice President South Asia, Unilever and the CEO and Managing Director of Unilever in India, visited Unilever Sri Lanka (USL) yesterday. As a key market in South Asia, Nitin’s visit to Sri Lanka was aimed at reviewing Unilever Sri Lanka’s plans for the year.
British Airways announces return to Sri Lanka
- Re-launches flights between Colombo-London three times a week
British Airways announced its newest long-haul route to Sri Lanka beginning Monday, 15 April 2013. The thrice weekly frequency via Male would be operated by a Boeing 777-200 in a three class configuration offering flat beds in Club World, its premium economy, World Traveller plus and World Traveller seats. The announcement marks British Airways’ much awaited return to Sri Lanka after over 17 years.
Govt. pushing Sri Lanka towards international isolation: Ruwan
The Government’s duplicitous and erratic foreign policy is costing Sri Lanka its friends in the world, propelling the country towards the kind of isolation faced by North Korea and Iran, the main Opposition United National Party warned yesterday.
Toyota, Nissan, Honda, Mazda in global recall of 3.4 m vehicles
Reuters: Four Japanese automakers including Toyota Motor Corp, Nissan Motor Co and Honda Motor Co are recalling a total of about 3.4 million vehicles worldwide as a result of an airbag problem, the companies said on Thursday.
Chips are down for masses but Govt. playing on high-stake casinos: UNP tells in Parliament
By Ashwin Hemmathagama
Our Lobby Correspondent
Casinos are not on its agenda and the Government has no plans to extend it further making use of the Bills amended, clarified Minister of International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama on Tuesday in Parliament, moving the debate on the second reading of the Value Added Tax (Amendment) Bill, Nation Building Tax (Amendment) Bill, Finance Bill – with Amendments, Betting and Gaming Levy (Amendment) Bill, Tax Appeals Commission (Amendment) Bill, Fiscal Management (Responsibility) (Amendment) Bill, and the Strategic Development Projects (Amendment) Bill.
‘Legend of the Seas’ calls at Colombo with 1,800 tourists
By Shabiya Ali Ahlam
The Royal Caribbean International’s ‘Legend of the Seas’ arrived yesterday in Sri Lanka with 1,800 passengers before it set course to India.
Currently engaged in a 14-night cruise, the ship will be repositioned in Europe to offer Mediterranean cruises by mid this year after having undergone a US$ 50 million refurbishment at its home port in Singapore.
New Golden Key Board formed, meets CB Chief
Central Bank said yesterday as per the order of the Supreme Court made on 04.04.2013 in the case bearing No SC (F/R) 191/2009, a new Board of Directors was appointed to take control of The Golden Key Credit Card Company Ltd with the mandate to operate its business and safeguard and recover all of its assets.
Record Rs. 34 b profit transfer from CB to Govt.
The Central Bank has made a record Rs. 34 billion profit transfer to the Government last year, Governor Nivard Cabraal disclosed on Tuesday.
He said during the past seven years, the Central Bank has been able to appropriate Rs. 113 billion to the Government from the surpluses the Bank generated, mainly from international operations.
Rupee remains at one year peak; stocks up
Reuters: Continued inward remittances and exporter conversions ahead of the traditional New Year propelled the rupee to a fresh one-year closing high on Wednesday, dealers said.
91-day Weighted average dips for first time in six weeks
The Weighted average (WAvg) on the 91-day bill dipped by 01 basis point (bp) to 9.25% for the first time in six weeks while the WAvg on the 364-day bill remained unchanged for a third consecutive week at yesterday’s weekly Treasury bill auction.
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