Etisalat and CK Hutchison are merging their operations in Sri Lanka to improve their services in the market. The two operators are respectively the third and fourth largest operators in Sri Lanka, with market shares of 13% and 10%. Dialog Axiata leads …
A BRITISH tourist who was raped by an electrician at a luxury hotel in Sri Lanka and contracted an STD will not receive a penny in compensation. The Glasgow woman was on holiday with her husband at Sri Lanka’s Club Bentota Hotel when she was attacked by the uniformed hotel employee.
The United States (US) has issued a security alert for Sri Lanka over May Day rallies set to be staged in the country. The security alert notes that between 1-7 May, the U.S. Embassy in Colombo expects various groups and political parties will hold par…
ECONOMYNEXT – Sri Lanka may borrow more than one billion US dollars from a syndicated loan after a better than expected response from investment banks, Central Bank Governor Indrajit Coomaraswamy said. He said bids from investment managers for the loan…
“Building a better and secure future for all is a shared call that we can shirk only at our own peril”, stated Ambassador A.L.A.Azeez, Sri Lanka’s Permanent Representative to the UN in Geneva, addressing the Second Preparatory Committee Meeting of State Parties to the Nuclear Non-Proliferation Treaty …
The FINANCIAL — The World Bank Board of Executive Directors on April 26 approved a $100 million credit to support Sri Lanka’s efforts to strengthen and modernize its education system. The General Education Modernization Project (GEM) will modernize and diversify the curriculum of general …
A Scottish tourist who was raped by a hotel worker in Sri Lanka has had her attempt to sue a tour operator rejected. The woman, who has not been named, was on holiday with her husband at Sri Lanka’s Club Bentota hotel when she was attacked by the uniformed employee. She said that the man had …
One of Sri Lanka’s largest banks, Nations Trust Bank, recently announced its Open API Banking Platform. The API is compliant with Europe’s PSD2, and the company hopes that it will facilitate more open mindedness and collaboration in Sri Lanka’s banking industry. The company finds that a “fortress” …
The Black Caps will begin their 2019 Cricket World Cup campaign against Sri Lanka in Cardiff. For the 2019 World Cup, which has decreased in size from 14 teams to 10, the International Cricket Council has reverted to a round-robin format it last used a…
Sri Lanka is upbeat over the proposed free trade deal with China which is expected to provide Sri Lanka with a level playing field among competitors in the ASEAN region. The Central Bank, in the first copy of the Annual Report for 2017 which was releas…