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World oil price dip compels Sri Lanka to reduce fuel price

Sri Lanka government is required to reduce fuel prices in the next price revision scheduled to announce on November 10 as oil prices are coming down pressured by stock market weakness and pledges by top oil exporter Saudi Arabia to meet the demands of the world's oil consumers.

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USD 50 million Financial Assistance from the ADB

The Government has mobilized Grant and Concessional Loan assistance amounting to USD 50 million from the ADB to improve the efficiency, equity and responsiveness of the Primary Health Care system in Sri Lanka in line with the National Strategic Framework for Development of Health Services (2016 – 2025).

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Collective agreement on tea deadlocked

A bearish plantation industry yesterday said they were heading towards a perfect storm, with a dip in production, low prices at auctions and negotiations over a new collective agreement with workers hitting a stalemate, and expressed concerns that the sector may not be able to hit their earnings target for 2018.

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Union Assurance partners Union Bank to expand Bancassurance

Union Assurance (UA) recently partnered with Union bank for a preferred partnership in Bancassurance operations with the objective of strategically strengthening its Bancassurance channel and to provide life insurance solutions to the extensive customer network of the Bank. Signing of the formal agreement was held at the Hilton Residencies in Colombo on October 19, 2018 amidst a large gathering from both organizations.

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SL tops Lonely Planet 2019 list

Popular travel guide Lonely Planet yesterday officially named Sri Lanka the number one country to travel to in 2019, citing a growing number of activities, better accessibility, the rise of new hotels and trending wellness tourism as key reasons for the island to be chosen for the top spot in the annual ‘Best in Travel 2019’ publication.

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