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‘s Solar Scheme Adds 630 Million Units in 2023
The Ceylon Electricity Board (CEB) implemented the Rooftop Solar Scheme, which resulted in an addition of 630 million units of electricity to the national grid in 2023. This initiative has been supported by electricity consumers across the country. Notably, these consumers have transitioned from traditional electricity users to generating and selling electricity to the national […]
‘s Rise
Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022. A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations. The overall oil & […]
Visa Accelerator Program 2024 now open for Applications from Fintechs in Sri Lanka
Visa (NYSE: V), the global leader in digital payments, today announced the launch of the fourth edition of Visa Accelerator Program with an open call for applications. The initiative aims to enable startups in Sri Lanka to unlock growth potential by collaborating with Visa’s payments experts. The 2024 edition focuses on new opportunity areas – […]
USAID’s Clean Cities, Blue Ocean Program Helps Prevent Over 4,600 MT of Plastic from Entering the Ocean
Thanks to a nearly three-year partnership, supported by the American people through the United States Agency for International Development (USAID), communities across Sri Lanka successfully prevented more than 4,600 metric tons of plastic – the equivalent of 496 million plastic bottles – from entering the ocean around Sri Lanka through the Clean Cities, Blue Ocean […]
PRCA APAC reveals findings on Sri Lanka’s PR industry for 2024 and years to come
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, together with its board member and communications expert Thanzyl Thajudeen carried out a survey among 31 agency leaders and executives to explore the current and future context of Sri Lanka’s PR industry. This comes as the second […]
Sri Lanka’s total exports reached USD 14.94 Bn in 2023
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a 0.39 % decline when compared to the value recorded in the previous year ( US$ 14.99 Bn). The estimated increase in service exports is around 63%. Sri Lanka’s Export […]
Land price movement at its flattest in many years: RIUNIT
The Research Intelligence Unit says that during the firms extensive 21 years of tracking land prices in Sri Lanka, the current period stands out as the flattest so far. In the aftermath of the economic crisis, we noted that the anticipated rebound in land prices has proven to be a more sluggish than first expected. […]
Hela Apparel Holdings PLC Acquires Major UK-Based Apparel Brand Licensing House
In a landmark move for the Sri Lankan apparel industry, Hela Apparel Holdings PLC has announced the acquisition of a major UK-based apparel brand licensing house. The company, which currently trades under the name Focus Brands, is a market leader in the design, sourcing, distribution and promotion of sports fashion and lifestyle apparel brands. It […]
CFA Society Sri Lanka commends the new Corporate Governance structure for listed entities
The Securities and Exchange Commission of Sri Lanka (SEC), in September 2023, released the updated Corporate Governance Regulations for entities listed on the Colombo Stock Exchange (CSE). The revisions come after nearly 15 years and apply to companies listed on the Main Board and Diri Savi Board, with a majority of the rules effective from […]
Opinion: Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections
By Meenakshi Ganguly: A repressive new internet law that Sri Lankan President Ranil Wickremesinghe is trying to rush through parliament this week would create broad and vague new speech-related offenses punishable by lengthy prison terms. The law would seriously threaten the right to freedom of expression as Sri Lanka prepares for parliamentary and presidential elections […]