Meet the teenaged Surf Queen of Arugam Bay
- 5opn1
- November 16, 2024
- Travel and Tourism
- Arugam Bay
- 0 Comments
By the Harmony page team
Continue Reading
Five liquor companies to face licence suspension over unpaid taxes
- 5opn1
- November 15, 2024
- Business News
- liquor companies
- 0 Comments
The Attorney General has informed the Supreme Court that five liquor manufacturing companies, including the leading W. M. Mendis & Co., risk having their licences suspended if they fail to settle outstanding tax arrears by 30 November.
Continue Reading
Beedi industry doubles in size and threatens Sri Lanka’s economy
- 5opn1
- November 15, 2024
- Business News
- Beedi industry
- 0 Comments
While Sri Lanka has made notable progress in tobacco control, with policies reducing cigarette consumption, the unchecked growth of the beedi industry presents a mounting threat to the economy.
Continue Reading
SLT-MOBITEL achieves financial recovery in Q3 2024
- 5opn1
- November 14, 2024
- Business News
- SLT-MOBITEL
- 0 Comments
SLT-MOBITEL Group has reported a Profit After Tax (PAT) of Rs. 1,093 million for Q3 2024, compared to a loss of Rs. 1,543 million for the same period last year, demonstrating a significant 171% turnaround in bottom-line performance.
Continue Reading
BoC PBT up by 66%, deposit base increases to Rs. 4 Tn in 3Q-2024
- 5opn1
- November 14, 2024
- Banking and Financial
- BoC
- 0 Comments
In the first nine months of 2024, Bank of Ceylon skillfully navigated Sri Lanka’s complex economic terrain. Despite intense competition and global economic headwinds, the Bank achieved a remarkable profit before tax (PBT) of Rs. 37.6 billion, a substantial 66% increase over the same period in the previous year. General Manager, Chief Executive Officer, Russel Fonseka emphasized, “Our robust financial …
Continue Reading
Israel removes severe travel warning for Sri Lanka beach town of Arugam Bay
- 5opn1
- November 14, 2024
- Travel and Tourism
- Israel
- 0 Comments
National Security Council Israel lowers threat level for Arugam Bay area from 4 to 2, after suspects arrested in connection to IRGC plot to kill Israelis Israeli authorities Wednesday eased a travel warning for Sri Lanka on Wednesday, some three weeks after cautioning tourists at a popular beach town of an imminent terrorist threat.
Continue Reading
JICA plans new support for Sri Lanka’s estate sector
- 5opn1
- November 14, 2024
- Business News
- JICA, Sri Lanka
- 0 Comments
Sri Lanka’s estate sector community is likely to receive significant multinational support, with the Japan International Cooperation Agency (JICA) looking to extend its assistance to improve the social and economic conditions of the estate communities.
Continue Reading
Government to compile detailed SME loan report to plan relief measures
- 5opn1
- November 13, 2024
- Business News
- SME loan
- 0 Comments
The government has planned to compile a detailed report on loans taken by Small and Medium-sized Enterprises (SMEs) across the country to help create relief measures for the businesses struggling with debt.
Continue Reading
BOI to facilitate risk mitigation to SAARC members through dedicated industrial parks
- 5opn1
- November 13, 2024
- Business News
- BOI, SAARC
- 0 Comments
Proposed country-specific industrial parks is aimed at addressing concerns around economic and political risks associated with single-market operations Effort expected to foster bilateral trade, reduce investment risk, and create new avenues for economic cooperation New BOI Chief points out inter-regional trade remains at negligible levels of around five percent of overall trade in the region, in contrast to the 32 …
Continue Reading
Sri Lanka to rank among the world’s fastest-growing travel destinations
- 5opn1
- November 13, 2024
- Travel and Tourism
- travel
- 0 Comments
Sri Lanka is expected to rank among the world’s fastest-growing travel destinations in 2025, with tourism spending forecasted to increase by 40 percent, according to the 2024 WTM Global Travel Report, published in partnership with Tourism Economics.
Continue Reading
