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China Merchants Group Chairman in SL; assures further investments into CICT & Hambantota Intl Port
The highest ranking official from the China Merchants Group (CMG) visited the Hambantota International Port on an inspection tour of the facility last week. Chairman Miao Jianmin was welcomed by Johnson Liu, CEO of Hambantota International Port Group (HIPG) and staff of the port. CMG is the parent company of CMPort which has a public […]
Japan, UNDP to support women’s economic wellbeing for smallholder farmer families in SL
The ongoing socio-economic crisis has had serious impacts on the agricultural sector in Sri Lanka. The rising energy costs and evolving climate change impacts have further exacerbated due to the situation. In response, the Government of Japan through the United Nations Development Programme (UNDP) in Sri Lanka, will provide approximately LKR 1,175 million (approx. USD […]
Eighth Power, Energy & Construction Expo in July 2023
The Power, Energy & Construction Expo is set to take place from 7th – 9th of July 2023 at BMICH Exhibition Centre, Colombo. The expo will showcase the latest developments and innovations in the power, energy, and construction industries. This event is organized by Lanka Exhibition & Conference Services (Pvt) Ltd (LECS), a presidential award-winning […]
Sri Lanka to build South Asia’s largest logistics complex in Port of Colombo
Sri Lanka’s aspiration to become a major logistics hub in the region took a giant leap forward today with the launch of a project to build the largest commercial and logistics complex in South Asia in the Port of Colombo with an investment of US $ 392 million. Agreements for the construction and operation of […]
Advisory on fraudulent IT-related job offers in Thailand
The Sri Lanka Mission in Thailand has noticed recently that Sri Lankan nationals are being lured for employment in Thailand particularly for the positions in the Information Technology (IT) sector by dubious IT firms involved in call-centre scams and crypto currency fraud. Victims are illegally taken across the border from Thailand mostly into Myanmar and […]
Opportune time for foreigners to invest in an apartment: RIUNIT
The Research Intelligence Units suburban apartment price index for February reveals that the apartment prices are continuing to decline in USD terms making it an opportune time for foreign investors. However, this is not the case when the prices are calculated in LKR terms, RIUNIT says.According to the latest RIUNIT data, suburban average apartment price […]
Plans underway to remove the lubricant levy to paralise the regulator: PUCSL Chair
The Ministry of Power and Energy has proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of Lubricant market without providing a proper justification, to parallelize the independency of the Commission, Janaka Ratnayake, PUCSL Chairman said. The Commission has been regulating the lubricant market for 17 […]
Sri Lanka – Canada biz council of CCC hosts interactive evening with Canadian HC
The Sri Lanka – Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce hosted an interactive evening with His Excellency Eric Walsh, High Commissioner of Canada to Sri Lanka and Maldives. Organized in collaboration with the High Commission of Canada to Sri Lanka and Maldives, the event was attended by senior officials of the […]
Sri Lanka becomes regional hub for enhancing connectivity for Daraz Group
The Daraz Group recently convened its strategic management meetings in Colombo Sri Lanka. The leadership teams and senior management from the Daraz’s offices in Pakistan, Bangladesh, Nepal, Singapore and Dubai met in Colombo for this forum where the Group strategy and direction for the new financial year was discussed and finalised. Commenting on the opportunity, […]
Battling Disease & Debt: Financing Non-Communicable Diseases Amidst Economic Crisis
By Sunimalee Madurawala: Introduction “The shortage of medicines will significantly impact medications for non-communicable diseases (NCDs). If NCD patients don’t receive their regular medication, their condition will worsen,” stated a Provincial Director of Health Services speaking on the implications of the economic crisis on NCDs. Over the last few decades, NCDs have emerged as a […]