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Sri Lanka to start converting three-wheelers from petrol to EVs enhancing e-Mobility
Sri Lanka, like many other global nations, is working towards adopting greener and cleaner approaches for a more sustainable and resilient future. With the prevailing socio-economic crisis in the island, a shift towards adopting sustainable mobility approaches has been identified as a necessity for a green recovery process. In line with this, the United Nations […]
PUCSL Chair calls for 20-pct price drop in electricity rates
The Chairman of Public Utilities Commission of Sri Lanka Janaka Ratnayake says that the electricity consumers should get a 20 percent tariff reduction based on a slowdown in electricity demand plus the exchange rate and reduced of fuel prices. “According to the tariff requested by CEB on 5th January this year, CEB had estimated an […]
SJB opposes selling of strategically important SoEs but wants an end to monopoly
SJB Parliamentarian Eran Wickramaratne assured that main opposition was ready with plan and strategies to implement projects for the wellbeing of the people no sooner it comes to office after an elections due shortly. People of this country are eagerly awaiting to oust this government which has no mandate or even proper plan to implement […]
Bringing Swiss Precision to Killinochchi Agriculture
By Jekhan Aruliah I first met Kamilton Arumugam and Lieke Schroder by mistake. We met at my place in Jaffna about a project a mutual friend thought we had a mutual interest.We didn’t, but it was a lucky mistake. I met two rare people, Kamilton returning from Switzerland and Lieke coming from Holland, investing their […]
Ceylon Chamber of Commerce appoints Buwanekabahu Perera as new CEO
The Ceylon Chamber of Commerce announces the appointment of Buwanekabahu Perera as the new Secretary General/Chief Executive Officer. He takes over from Manjula de Silva who retired from the position after serving in that capacity since February 2020. Alikie Perera will continue in her role as the Deputy Secretary General/Chief Operating Officer of the Ceylon […]
SLRA appoints new Council: New President says road ahead bumpy and winding
The Sri Lanka Retailer’s Association (SLRA) held its 6 th Annual General Meeting at the Colombo on the 25 th of April 2023 at Hilton Residencies. The event was attended by members of the SLRA, and Mr. Vish Govindasamy, Chairman Chamber of Commerce and Group Managing Director of Sunshine Holdings PLC as the Chief Guest. […]
Sri Lanka Central Bank assures banking sector stability in debt restructuring process
The Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with the diverse stakeholders will be that, the banking sector stability cannot be put at risk, a statement said. Presently the banking sector is well capitalized with average Capital Adequacy Ratio over 15% and […]
Ajay Banga becomes 14th President of World Bank
The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard […]
New members appointed to National Procurement Commission & Finance Commission
President Ranil Wickremesinghe has made appointments to the National Procurement Commission and the Finance Commission. On the recommendation of the Constitutional Council, W. Sudharma Karunaratne was appointed as its Chairperson, with Warnakulasuriya Ivan Thisera, D. Piyasiri Daranagama, Sumandiran Sinnakandu, and A.G. Pubudu Asanga Gunawansa serving as its other members. Meanwhile, members were also appointed to […]
Sri Lanka exports decreased by 2-pct to USD 1,037 Mn in March
Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease when compared to March 2021. Less demand created for major products in major markets due to the current economic situation further continues. Figure 1: Monthly Merchandise Export Performance 2020- […]