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MAGA to design and construct two flyovers in Col 02 valued at Rs. 5.2Bn
Maga Engineering has begun construction of two new flyovers in Slave Island (Colombo 02), along Justice Akbar Mawatha and Uttarananda Mawatha. The proposed flyovers will overarch two central intersections in Slave Island and the Coastal Line – one of the busiest railway tracks leading into the city, thereby easing heavy traffic congestion leading to Colombo’s […]
EDB develops vocational education, training plan for electrical & electronics industry
The Sri Lanka Export Development Board (EDB) with the assistance of the Tertiary and Vocational Education Commission (TVEC) has prepared a Vocational Education Training Plan (VET Plan) for the Electrical and Electronics sector (EEC sector) in Sri Lanka to identify the skill gaps and training required to satisfy EEC sector needs to develop the Electrical […]
Pakistan envoy seeks joint ventures & collaborations with Sri Lanka
Acting High Commissioner, Tanvir Ahmed, and Trade & Investment Attaché, Asmma Kamal called on the newly appointed Finance Minister Basil Rajapaksa at his office yesterday. The longstanding and strong bilateral relations between the two friendly countries and further enhancement of economic, trade, and investment cooperation were discussed in detail. Moreover, the way forward in enhancing […]
Automobile Component Manufacturers surpass 5,000 employment appointments in WP: SLACMA
The brand-new component manufacturers have surpassed the granting of 5,000 new employment appointments in the Western Province over the past few months. This was stated by Dimantha Jayawardena, President of the Sri Lanka Automobile Component Manufacturers’ Association. Earlier this year, the Ministry of Industries together with the stakeholders of Sri Lankan Automobile Assembly and Automobile […]
Hemas Partners with Govt plastic waste recycling campaign
Hemas Holdings partnered with the Ministry of Environment to support its environmental initiative ‘Not a Rule but a Discipline’ focused on the responsible disposal and recycling of plastic waste in Sri Lanka. As a part of this initiative recycle bins will be placed at Government institutions and schools to collect disposable plastic pens and […]
China donates another 1.6mn doses of Sinopharm COVID-19 vaccines to Sri Lanka
The Government of China donated another consignment of 1.6 million doses of the Sinopharm COVID-19 vaccines to Sri Lanka. The two SriLankan Airlines flights UL869 and UL865 carrying the vaccines arrived at the Bandaranaike International Airport, Katunayake at 5.30 a.m., today (27). Chinese Ambassador to Sri Lanka Qi Zhenhong officially handed over the vaccines to […]
Nations Trust Bank Unlisted Debenture Oversubscribed Upon Opening
Nations Trust Bank announced the successful oversubscription of its Unlisted Debenture prior to its opening, aggregating LKR 5 Bn in applications. Structured, managed, and placed internally; the Bank planned to raise up to LKR 3 Bn through the issue of 30 million Unlisted, Rated, Unsecured, Senior, Redeemable Debentures at the par value of LKR 100 […]
Sri Lanka expects nearly USD 2.65bn forex inflows over next 3 months: Nivard Cabraal
State Minister of Money & Capital Markets Ajith Nivard Cabraal stresses that what is most important is the cash flow, not the Reserve level at a given time. Experienced finance managers will keep a close watch on the cash flows as they very well know that temporary fluctuations in the reserve level may occur, but […]
Employer-supported Childcare: A Solution to Labour Shortages?
By Amanda Balasooriya Kanthi is a 33-year-old working mother who resides in Kuliyapitiya. Her two-year-old daughter is enrolled at a private crèche located eight km away from her home. Distance apart, Kanthi is not satisfied with the quality of the childcare and finds it expensive. With no other choice, she drops off her toddler at […]
Foreign reserves will fall to a record low of USD 2.6bn after July 27, lowest level in SL history: Mangala
Former Minister of Finance Mangala Samaraweera stresses that a fuel shortage is likely to occur very soon, with about USD 1.2 billion in fuel costs still due. Speaking at the inaugural discussion of the “True Patriots” movement, he highlighted the need to move towards a true patriotic ideology based on liberal democracy. “We are becoming […]