All Blogs
SL understands importance of maintaining balance between environment and human needs : President
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands the importance of balancing environmental boundaries with human needs. The President made these observations while participating at the High-Level Meeting on Delivering Climate Action for People, Planet and Prosperity convened by Mr. Abdulla […]
Sri Lanka completes vaccination for over 60-pct of population
The Deputy Director General of Health Services, Dr. Hemantha Herath says that over 60% of the total population in Sri Lanka has been fully vaccinated as per the latest statistics. According to him, nearly 70% of the people have been given the first dose of any vaccine. Dr. Herath said that they are targeting 70% […]
Tokyo Cement Company ramps up supply to address cement shortage
In a statement, Dr. Harsha Cabral PC, Chairman of Tokyo Cement Company (Lanka) PLC announces that the Company has taken several immediate measures to address the cement shortage in the market. He states that Tokyo Cement is operating its cement manufacturing plant in Trincomalee at the maximum installed capacity of around 170,000 MT per month […]
Interview: Darshi Keerthisena on Sri Lanka’s Batik craft and its future
Batik is one of Sri Lanka’s most loved and versatile heritage crafts and Darshi Keerthisena has used her artistic tool kit and shaped it into a must-have in every fashionista’s wardrobe. She is the Creative Director of Buddhi Batiks, a legacy enterprise handed down to her by her parents. Starting with the batik sari Dharshi […]
Lanka Credit and Business Finance Limited IPO oversubscribed
Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue price of 4.00 rupees to raise 500 million rupees has been successfully oversubscribed on the opening day, the Colombo Stock exchange said. NDB Investment Bank as the sole financial advisor and […]
‘s Central Bank reveals progress of securing foreign exchange inflows
The Central Bank on Tuesday revealed the progress of securing foreign exchange inflows and highlighted a series of direct engagements that the Sri Lankan Government has commenced with other Governments, Central Banks, financial institutions, and investors. Releasing a statement, the bank said that the government is processing a US dollars 1.5 billion long-term loan offer […]
IPS Policy Insights: COVID-19, Global Economy & Sri Lanka’s External Sector Outlook
Global economic developments have impacted Sri Lanka’s external sector performance, and the economy overall. While Sri Lanka managed the first wave of the COVID-19 outbreak imposing lockdown measures for two months (March to May 2020), it has since been hit by a second outbreak since October 2020 and a third wave in April 2021. The […]
SL welcomes French FDI in development project tourism and hospitality sectors
State Minister of Regional Cooperation Tharaka Balasuriya, Chairman BOI Sanjaya Mohottala, had several high-level discussions in Paris, France from 05-11 October 2021. These bilateral meetings were organized in Paris with leading private sector companies, finance institutions and government agencies, with the BOI Chairman joining a delegation that comprised State Minister of Regional Cooperation Tharaka Balasuriya, […]
MTI unveils National ICT Eco-System Framework
Given the criticality of ICT (Information & Communication Technology) to a Nation’s Economic Development, MTI has unveiled a National ICT Eco-System Framework. The strategic intent is to provide a holistic framework for nationally strategic ICT decisions, which otherwise tends to suffer from ‘silo’ based, sub-optimal initiatives. Given the pervasive nature of ICT, it is important […]
Pacific Textiles Chairman Masaru Okutomi appointed Director of Teejay Lanka
Teejay Lanka PLC has announced the appointment of Masaru Okutomi, the Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a non-executive Director of the Company with immediate effect. Okutomi replaces Wan Wai Loi on the Board of Teejay Lanka PLC, consequent to a change in the latter’s role on the Board […]