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Sri Lanka tea prices dip 40% from record high on production rebound
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.
The benchmark weekly average price on the Colombo Tea Auction came to around 965 Sri Lankan rupees…
Sri Lanka aims to restructure USD 17 bn debt in five years – President
President Ranil Wickremesinghe assured that the restructuring of domestic debt will have no impact on the membership balance of any public funds, including the Employees’ Provident Fund (EPF). He emphasized that the rate of return for…
Air China to resume Chengdu-Colombo flights
Air China, the flag carrier of the People’s Republic of China, will resume flights between Chengdu of Sichuan province and Colombo, Sri Lanka on 03 July.
Accordingly, the airline is scheduled to operate flights between Chengdu and…
AirAsia to resume Bangkok to Colombo flights
AirAsia has announced the resumption of direct flights between Bangkok and Colombo, Airport and Aviation Services (Sri Lanka) (Private) Limited said.
AirAsia is to resume the popular Bangkok (Don Mueang) to Colombo route on 9th July…
Australia-Sri Lanka Parliamentary Friendship Group relaunched
The Australia – Sri Lanka Parliamentary Friendship Group was relaunched in Canberra at the Sri Lanka High Commission under the Chair of Member of Federal Parliament, Sri Lanka born Cassandra Fernando of the Labour Party and Vice Chair…
Special cabinet meeting called to discuss domestic debt restructuring process
A special Cabinet meeting has reportedly been called on Wednesday (28 June) to discuss the domestic debt restructuring process.
Meanwhile, President Ranil Wickremesinghe mentioned that the debt restructuring programme will be presented…
Wildlife Dept. gives undertaking not to export monkeys to China
The Department of Wildlife has given an undertaking to the Court of Appeal that steps will not be taken to export Toque Macaque monkeys from Sri Lanka to China.
The undertaking was given when a petition filed by environmental…
SriLankan Airlines insists it has sufficient amount of pilots
SriLankan Airlines insists it has sufficient amount of pilots to meet its operational requirements of a reduced fleet.
Issuing a statement, SriLankan Airlines said that it has been managing with a reduced fleet of 15 as opposed…
CBSL chief’s special statement on domestic debt optimization strategy
The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe states that an extended bank holiday was declared from June 29 to July 03, 2023, including June 30, in order to obtain necessary time required for the domestic…