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SriLankan – Korean Air enters codeshare partnership

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SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul.

Richard Nuttall, Chief Executive Officer of SriLankan Airlines stated: “We are delighted to launch our first-ever codeshare partnership with Korean Air, and boost the connectivity between Colombo and Seoul. The passenger traffic between the two cities continues to exceed our expectations, and the partnership will only help us grow our presence in this route in a manner that is fast and economical for the airline, and give more reasons for customers to choose SriLankan Airlines.”

The new partnership enables SriLankan Airlines to codeshare on flights operated between Singapore and Seoul Incheon by Korean Air, making it possible for passengers to travel on a single, SriLankan Airlines’ ticket between Colombo and Incheon via Singapore. At the same time, Korean Air will codeshare on flights operated by SriLankan Airlines between Colombo and the cities of Seoul Incheon; Singapore; Chennai in India; and Male in the Maldives.

SriLankan Airlines currently operates a twice-weekly direct service between Colombo and Incheon. With SriLankan Airlines tapping into Korean Air’s extensive Far Eastern network through codeshare collaboration, passengers of SriLankan now have the choice of daily flights between Colombo and Seoul via Singapore.

Passengers of Korean Air also gain access to SriLankan Airlines’ high-powered network in the Indian Subcontinent. SriLankan Airlines has India and the Maldives covered coast-to-coast. The airline operates nearly 100 flights a week across nine Indian cities and 23 flights a week to the Maldives. This includes triple daily plus flights between Colombo and Chennai and triple daily flights between Colombo and Male.

The codeshare flights are available for sale through the online reservation systems and sales offices of SriLankan Airlines and Korean Air, and external online and offline travel agencies. Customers of both airlines can take advantage of the multiple flight options as well as seamless connections afforded by the convenience of a single ticket on multi-sector journeys, which includes through check-in and baggage transfer.

The commencement of the codeshare partnership between SriLankan Airlines and Korean Air marks a milestone in enhancing connectivity between Sri Lanka and South Korea. With increased flight choices, streamlined connections, and improved market presence, both airlines are poised to deliver an enhanced travel experience for passengers while fostering stronger ties between the two nations.

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Imported salt to arrive in SL next week

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The first shipment of 20,000 MT of salt from India is expected to arrive next week, according to Lanka Salt Ltd. Chairman – T. Nandana Thilaka.

He stated that this shipment will help end the ongoing salt shortage, ensuring consumers can buy salt from the market without difficulty.

The Chairman added that part of the salt ordered by National Salt Ltd. has already been acquired by the company and is being distributed locally to meet demand.

He stated that recent rains have disrupted the salt harvest in Hambantota and other salterns.  

However, with the arrival of the Indian shipment, he plans to sporadically release salt to the market starting next week.

Chairman D. Nandana Thilaka stated that yesterday (May 14), Lanka Salt Ltd. issued 100,000 packets of 400g table salt to Lanka Sathosa, and another 100,000 packets will be issued today (May 15).

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US cuts tariffs on small parcels from Chinese firms like Shein & Temu

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President Donald Trump has slashed the tariff on small parcels sent from mainland China and Hong Kong to the US, just hours after the world’s two biggest economies said they would cut levies on each other’s goods for 90 days.

The new tariffs on small packages worth up to $800 (£606) have been cut from 120% to 54%, according to a White House statement.

The flat fee per parcel will remain at $100, while a $200 charge due to apply from 1 June has been cancelled.

Chinese online retail giants Shein and Temu had previously relied on the so-called “de minimis” exemption to ship low-value items directly to customers in the US without having to pay duties or import taxes.

Neither Shein or Temu immediately responded to BBC requests for comment.

The duty-free rule was closed by the Trump administration earlier this month.

Some shoppers told the BBC that they rushed through purchases ahead of that deadline.

The latest rates came after the US and China released a joint statement announcing they would temporarily reduce their tit-for-tat tariffs and start a new round of trade negotiations.

Share markets jumped on Monday after Trump said weekend talks had resulted in a “total reset” in trade terms between the two countries, a move that went some way to ease concerns about a trade war between the two countries.

Under the agreement, the US will lower those tariffs from 145% to 30%, while China’s retaliatory tariffs on US goods will drop to 10% from 125%.

Trump told reporters, that, as some of the levies have been suspended rather than cancelled altogether, they might rise again in three months time, if no further progress was made.

But the president said he did not expect them to return to the previous 145% peak.

“We’re not looking to hurt China,” Trump said after the agreement was announced, adding that China was “being hurt very badly”.

Trump added that he expected to speak to Chinese President Xi Jinping “maybe at the end of the week”.

(BBC News)

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Concerns over salt shortage in market

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The Salt Producers’ Association has raised concerns over a shortage of salt in the local market.

Chairman of the Association, Ganaka Amarasinghe, said that although the government had approved the importation of 30 MT of salt, the shipment has been delayed, affecting both availability and pricing.

However, Amarasinghe has said that this shortage is expected to be resolved within the coming week, with the arrival of the delayed consignment.

Meanwhile, consumers and traders have also voiced steep prices of salt.

Reports add that the Consumer Affairs Authority has also received numerous complaints regarding this.

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