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SriLanka’s state-run SriLankan Airlines pays bond interest after sovereign debt default Source:Economynext ECONOMYNEXT – State-owned SriLankan Airlines will settle an interest payment of a 175 million US dollar sovereign guaranteed debt, the loss making carrier said on Tuesday, after the country failed to pay foreign sovereign debts since mid April. Sri Lanka’s central bank and finance ministry have suspended all its foreign debts including interest payments with effect from April 12 and declared a “soft” sovereign debt default after the island nation’s usable foreign currency reserves declined to near zero amid a balance of payment crisis. Since then, the government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19 after one month grace period. Central Bank Governor Nandalal Weerasinghe has said no foreign debts will be repaid until the external loans are restructured. ...

Jul 29, 2022 Posted by In elanka Finance Tagged , ,
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Sri Lanka faces risk of airlines pulling out as jet fuel issue worsens-By Nishel Fernando Source:Dailymirror No solutions found yet for jet fuel shortage and fund repatriation issues faced by local aviation industry  Cabinet proposal to allow bunker fuel license holders to import jet fuel, appears to be a non-starter Airlines have cut air seat capacity to Sri Lanka by 53% over the past couple of months as they carry additional fuel for return trip Due to fund repatriation issues, Sri Lanka and Pakistan have been moved to IATA’s ‘blocked funds’ list from the ‘watchlist’ With no credible solution in sight to resolve the jet fuel shortage and the fund repatriation issues faced by the country’s aviation industry, several airlines are contemplating on suspending their operations to Sri Lanka threatening tourism industry’s recovery, which depends on air connectivity. ...

Jul 27, 2022 Posted by In Articles Tagged , ,
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SRI LANKA NEEDS FEWER POLITICIANS AND MORE TECHNOLOGISTS – By Dr. Tilak S. Fernando   “There are rumours that Sri Lankan Prime Minister Ranil Wickremesinghe had to take over the finance portfolio since no member of the Sri Lankan Parliament was willing to take up this challenge of managing the country’s finances. Instead of looking at the scenario negatively, it would be appropriate to think that the Prime Minister taking over the finance portfolio is also a progressive step, as the finance portfolio requires the maximum attention at this stage,” says veteran Indian journalist N.S. Venkataramanin in his latest article, which landed in my email ‘in box’. He further states that ‘when the Sri Lankan Government negotiated with the IMF to obtain financial support, the present scenario appears to be that the IMF is procrastinating the issue and has not given a firm assurance to the Sri Lankan Government. When ...

Jun 10, 2022 Posted by In Articles, Tilak S Fernando Tagged , , , , , , ,
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SriLankan Airlines Adds A Record Number Of Sydney & Melbourne Flights – by JAMES PEARSON SriLankan Airlines is expanding its Australia offer, with Melbourne rising to 1x daily and Sydney to 5x weekly. Source:simpleflying.com SriLankan Airlines has added flights to Melbourne and Sydney. As such, it has more flights Down Under this northern summer (winter in Australia) than ever before. It has 722 round trip services (214,000 seats), up by 72% over the previous record in 2019. SriLankan increases Australia As the state of Victoria is home to Australia’s largest Sri Lankan community, it is no surprise that Melbourne, the state’s capital, has the most flights. Nor that it was the first Australian city to be served when the carrier returned to the country in 2017 New South Wales has the second-largest Sri Lankan population. From May 14th, Sydney, its capital, will have 5x weekly flights, up from 4x. This will be its ...

May 3, 2022 Posted by In Articles Tagged ,
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SriLankan Airlines Adds A Record Number Of Sydney & Melbourne Flights – BY JAMES PEARSON SriLankan Airlines is expanding its Australia offer, with Melbourne rising to 1x daily and Sydney to 5x weekly. Source:simpleflying SriLankan Airlines has added flights to Melbourne and Sydney. As such, it has more flights Down Under this northern summer (winter in Australia) than ever before. It has 722 round trip services (214,000 seats), up by 72% over the previous record in 2019. SriLankan increases Australia As the state of Victoria is home to Australia’s largest Sri Lankan community, it is no surprise that Melbourne, the state’s capital, has the most flights. Nor that it was the first Australian city to be served when the carrier returned to the country in 2017. From May 7th, Melbourne will have a 1x daily service, returning the route to the same frequency it had until early 2020. New South Wales has ...

Apr 30, 2022 Posted by In Articles Tagged , , , , , , ,
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Good News From Jayam May 1, 2022 Pls Scroll Down 35 items Hiran Abeysekara: Best Actor at Olivier Awards 2022: Making history in the performing arts Making history in the performing arts, Sri Lankan theatre actor, Hiran Abeysekara won the Best Actor for the stage adaptation of ‘Life of Pi’ at Olivier Awards 2022 in London at the Royal Albert Hall. The Wyndham in London’s West End, Hiran’s consistent stellar performance rightfully earned him the award of Best Actor. Hiran was the ‘star’ of that jubilant evening of the most prestigious, historical theatre awards festival in the world by winning the Best Actor award for Playing his extravagant performance as Pi Patel in the Lolita Chakrabarti’s stage adaptation of Yann Martels’ book Life of Pi, one of the highly acclaimed productions of Sheffield Theatre Production. Embassy of Sri Lanka in Beijing Celebrates National New Year Day The Embassy of Sri ...

Apr 26, 2022 Posted by In Articles, Jayam Rutnam Tagged , , , , , , , , , , ,
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Sri Lanka: Back on the Tourism Map-by Emma Thomson Source:Dailynews The Sacred City of Kandy is teeming with life. Monkeys tightrope along telephone cables, the trees around Kandy Lake are feathered with hordes of egrets, and the Sacred Temple of the Tooth Relic (Sri Dalada Maligawa)— said to house the Buddha’s left canine — thrums with the sound of drums pounded every evening for pooja (worship). A few streets over, our group and a handful of independent travellers enter a village hall for a performance of regional dances. Such things can feel contrived, but not this time. One dancer drops his spinning plates, another forgets his tambourine, and the drummers bump into each other as they exit backwards into the wings. After an uncertain couple of years, they are a little out of practice — just like us, as we get into the swing of tourism again. ...

Feb 27, 2022 Posted by In Articles Tagged , , ,
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Tourist arrivals in first 11 days of 2022 exceed 31,600 Source:ft.lk Russia, India, Ukraine, UK and Germany among top source markets Sri Lanka Tourism Chief Kimarli Fernando says future trend uncertain amidst COVID pandemic Asserts SL need to ‘ride with the tide’ to sustain industry Cancellations from EU and India amidst global Omicron threat SLTDA Director General Dhammika Wijayasingha says average tourists stay has extended to 14 or more, from 10 days  Most tourists come for wellness tourism, vaccination with family  Tourist arrivals to Sri Lanka have exceeded 31,600 in the first 11 days of 2022, despite the challenges emanating from the global COVID pandemic and reinforcing the industry’s optimism. From 1 to 11 January, Sri Lanka received a record 31, 688 tourists, a significant rebound from 2021.  Sri Lanka Tourism Development Authority (SLTDA) said during the first 11 days the highest number of tourist arrivals was from the Russian ...

Jan 15, 2022 Posted by In Articles, elanka Finance Tagged , , , , , ,
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Inconsistent Flights on SriLankan Airlines – What Went Wrong?   I traveled on SriLankan Airlines from Bangkok via Colombo to Dubai. This is a video reporting my latest SriLankan Airlines flight experience. At Bangkok Suvarnabhumi Airport, many shops and lounges are currently closed, many airplanes are parked and the airport is very quiet. SriLankan Airlines Business Class passengers can use the Miracle Lounge before the flight. The flight to Colombo from Bangkok is operated by A321. Flight time was 3 hours. A full lunch was served. Check out the seat, cabin, food, and service on this short sector. I transited Colombo and used the Serendib Lounge of SriLankan Airlines. It has a good amount of food but the lounge is very dated. It needs an upgrade. The next flight to Dubai was on SriLankan Airlines A330-300 with individual Business Class seating. However, the food and service were let down and ...

Jan 12, 2022 Posted by In Articles Tagged
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Sentiments & Tributes To The Music Legend Desmond de Silva – by Hussain Jayah Hussain Jayah – The Former Sri Lankan Airlines Country Manager Desmond De Silva the handsome Prince of Baila ! Desmond De Silva was first introduced to me by Mr Shanthikumar current CEO of the Ramada Colombo and who is also the President of the City Hotels Association, in the latter months of 1993. I was then heading the Promotions Department of SriLankan Airlines ( then Air Lanka). I still recollect the day he walked into my office and the conversation that took place therein. It was he who put all of us at ease and before long, we were chatting as if we had known each for many  years. Eventually we saw him  as our“ Ambassador “ and he performed at many “Air Lanka “ events overseas. The events that he perform was of high quality ...

Jan 12, 2022 Posted by In Articles Tagged , , , ,
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