On Monday, Sri Lanka’s rupee opened weaker at 293.00/15 against the US dollar, according to dealers, while bond yields remained steady across various maturities. For bonds maturing on December 15, 2026, yields were quoted at 10.55/75 percent, down from 10.65/85 percent. Bonds maturing on December 15, 2027, held steady at 11.45/55 percent. Meanwhile, bonds maturing
Enter Air, the largest private airline operating in Poland, has officially commenced flight services connecting Warsaw to Colombo, Sri Lanka. This new route, which began operations on October 30, will run regularly until the end of March 2025, significantly enhancing travel and tourism links between the two countries. The inaugural flight received a warm welcome
On 14th October, Samsung Sri Lanka and Singhagiri made waves in the tech world by launching their new flagship showroom at R.A. De Mel Mawatha in Colombo. The event marked a new chapter in the enduring 40-year partnership between the two industry leaders, with Singhagiri continuing its 52-year legacy of providing cutting-edge technology to Sri
In a monumental move for Sri Lanka’s tourism sector, John Keells Group has officially launched Cinnamon Life at City of Dreams Sri Lanka, a $1.2 billion mega-development in Colombo. Touted as the largest private investment in Sri Lankan history, the project is set to redefine the country’s tourism landscape by creating one of South Asia’s
WIS Accountancy, a prominent digital accountancy, bookkeeping, tax, and business advisory service provider in the UK, is broadening its reach both in the UK and Sri Lanka. This year, the company unveiled MortgagX, an innovative AI-driven mortgage platform in the UK, aimed at transforming the mortgage experience for customers, advisors, and lenders alike. The development
Sri Lanka’s rupee strengthened on Monday, trading at 303.90/304.10 against the US dollar, an improvement from Friday’s 305.25/306.00, following the election of a new president, according to market dealers. Bond yields also declined, while stocks saw a dip at the opening. A bond maturing on February 15, 2028, was quoted at 13.58/13.63 percent, down from
President Ranil Wickremesinghe announced new plans to establish both public and private educational institutions aimed at providing Sri Lanka’s youth with globally recognised opportunities for higher education. The announcement was made at the inauguration of the “Times School of Higher Education,” launched by Wijeya Newspapers Group at the Galle Face Hotel in Colombo. The Times
DFCC Bank has announced an exclusive partnership with Home Lands Skyline (Private) Limited, aiming to transform the housing loan sector. The collaboration, formalized through a memorandum of understanding (MOU) signed on June 28th, will provide potential home buyers and real estate investors with enhanced benefits and streamlined loan solutions. The signing ceremony featured key figures
Education Minister Dr. Susil Premajayantha announced that 1,250 main schools in Sri Lanka will be developed as ‘Smart Schools’ in the coming months, managed through a unified network under the Education Ministry. This initiative is supported by a $20 million grant from the Chinese government. The announcement was made during the inauguration of new smart
All classrooms from Grade 1 to Grade 5 at Colombo’s Sirimavo Bandaranaike College have been upgraded to smart classrooms. Education Minister Susil Premajayantha officially inaugurated the new facilities, with Principal Dr. Sumedha Jayaweera in attendance at the ceremony.