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.
Sri Lanka’s rupee opened stronger at 305.95/306.25 against the US dollar on Monday, with bond yields down and stocks rising by 0.07%, according to dealers. On Friday, the rupee had closed at 306.00/20 against the greenback. In the equities market, Colombo’s All Share Price Index started 7.90 points higher at 12,152, while the S&P SL20,
Colombo’s hospitality scene is set for a refresh as Softlogic Holdings announces the rebranding of its city hotel. Effective June 1st, the property will operate under the renowned NH Collection brand, a subsidiary of Thailand’s Minor International (Minor Hotels). This move signifies a vote of confidence in Sri Lanka’s tourism potential, particularly in the bustling
Indian conglomerate ITC has made its mark on the global hospitality scene with the inauguration of “ITC Ratnadipa,” a luxurious 352-room hotel in Colombo, marking its first overseas venture. The hotel, along with the Sapphire Residence complex, represents a substantial $500 million investment, positioning it as a significant addition to Sri Lanka’s tourism and hospitality
President Ranil Wickremesinghe unveiled ambitious plans to elevate Colombo into a prominent tourist destination, signaling a transformative phase for the city’s development. These plans encompass relocating significant landmarks such as the President’s House to the Madiwela area within the coming decade. Wickremesinghe’s vision extends to leveraging key sites like Republic Square, Navy Headquarters, Old Jetty,
The Colombo stock market experienced a resurgence into positive territory, buoyed by an uptick in investor sentiment and robust turnover. The benchmark All Share Price Index (ASPI) climbed by 0.66%, while the active S&P SL20 saw a 0.4% increase. Turnover reached Rs. 2.5 billion, involving a substantial volume of 207.6 million shares. According to Asia
Cinnamon Lakeside Colombo recently announced a significant leadership transition with the appointment of Nazoomi Azhar as its new General Manager. With a remarkable 25 years of experience managing prestigious hotels in the United Kingdom, Azhar brings a wealth of expertise aimed at revitalizing the hotel’s legacy with a fresh perspective and unwavering commitment to excellence.