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CSE remains bullish on 10 new listings

Sri Lanka, May 6 -- The Colombo Stock Exchange (CSE) remains bullish on adding 10 new equity listings to the exchange by end of this year. While this is expected to be achieved by capitalising on the... Read More


IFC to invest Rs. 3.27 bn in Sunshine Healthcare Lanka

Sri Lanka, May 6 -- From left: Sunshine Medical Devices and Lina Chief Executive Officer Dr. T. Sayandhan, Sunshine Holdings Deputy Vice Chairman Vish Govindasamy, IFC Vice President for Asia Pacific ... Read More


SL loses Russian charters to competitors this summer

Sri Lanka, May 6 -- Sri Lanka's tourism industry faces a setback this summer as it is losing Russian charters to competitors. The decline comes amid escalating landing charges at Mattala International... Read More


Budget deficit narrows to single digits on higher taxes, recovery in economy

Sri Lanka, May 6 -- Sri Lanka has managed to trim its budget deficit to 8.3 percent of the Gross Domestic Product (GDP) in 2023, from 10.2 percent levels in 2022. This is with the government having ra... Read More


Expolanka Holdings ends FY24 with net loss of Rs. 17.6 bn

Sri Lanka, May 6 -- Expolanka Holdings PLC for the twelve months ended 31 March 2024 reported Revenue of Rs. 249.9 billion, Gross Profit of Rs. 47.1 billion, and a Net Loss of Rs. 17.6 billion. Where... Read More


Steamer "went missing" 115 years ago located in Lake Superior

Sri Lanka, May 6 -- Adella Shores loaded with lumber The mystery of a wooden steamship that went missing 115 years ago on Lake Superior with 14 sailors on board has finally been solved. After painst... Read More


Regional performance

Sri Lanka, May 6 -- Global passenger demand sees 13.8 percent growth in March - IATA In March 2024, all regions experienced robust growth in international passenger markets compared to the same perio... Read More


Global passenger demand sees 13.8% surge in March: IATA

Sri Lanka, May 6 -- The International Air Transport Association (IATA) released its March 2024 report on Wednesday, revealing a notable growth in passenger demand compared to March 2023. According to... Read More


Classic Travel wins Gold at Emirates Awards Night

Sri Lanka, May 6 -- From left: Classic Travel Managing Director Saif Yusoof receives award at Emirates Awards Night Classic Travel, a leading IATA-accredited travel agent based in Sri Lanka and a mem... Read More


Action will be taken against man who caused disturbance: Minister

Sri Lanka, May 6 -- Colombo, May 06 ()- Action will be taken against the person who caused a disturbance at the visa issuing section at the Katunayake Airport, Public Security Minister Tiran Alles sai... Read More