BUSINESS

US $ 5.5 million from Russia with love to boost Sri Lanka school nutrition

The Russian government continues its commitment to further enhance mutually beneficial cooperation in trade, economic, cultural, and humanitarian fields with Sri Lanka.  Sri Lanka has...

Over 30 per cent drop in tourist traffic

“But the burning issue now is we need marketing for promotions,” he said as the industry hopes to sell the destination when the travel fairs and other destination promotion campaigns kick off next year, long awaited by the industry.

ADB invests $80 m in John Keells Holdings food chain

The Asian Development Bank (ADB) has entered into an agreement to invest up to US$80 million (in Sri Lanka rupee equivalent) in John Keells...

Downgrades and its impact on banks

The Daily FT reported on Monday that Fitch Ratings had downgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from...

SL Airlines union alliance join hands to save national carrier

In the wake of the government’s decision to restructure the loss-making national carrier, the nine main unions representing the employees of, SriLankan Airlines, have...

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