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State Minister Ajith Nivard Cabraal meets members of CEO Forum of India
Ajith Nivard Cabraal, State Minister of Money & Capital Markets and State Enterprise Reforms and Members of the CEO Forum of India held a cordial discussion at the Ministry of Finance yesterday (17). Sixty CEOs and the Federation of Indian Chambers of Commerce and Industry (FCCI) jointly discussed the implementation of a program under the […]
World GDP forecasts revised up after US fiscal stimulus package: Fitch Ratings
Global growth prospects are improving as fiscal support is stepped up sharply, economies adapt to social distancing and vaccination rollout gathers momentum, says Fitch Ratings in its latest Global Economic Outlook (GEO) released today. We now expect global GDP to expand by 6.1% this year, revised up from 5.3% in our December 2020 GEO. GDP […]
Prime Minister Mahinda Rajapaksa to undertake state visit to Bangladesh
Prime Minister Mahinda Rajapaksa will make a state visit to Bangladesh from March 19-20, 2021, on an invitation extended by the Prime Minister of Bangladesh Sheikh Hasina. The visit will coincide with the celebration of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of the Independence […]
VIDEO: Discussion with Mahendra Jayasekera, MD of Lanka Tiles & Lanka Walltiles
The Idea Hub E03: A discussion with Mahendra Jayasekera, the Managing Director of Lanka Tiles and Lanka Walltiles, as we dive into the details about the Tile Sector.
Russian top billionaire Andrey Melnichenko visits Port City Colombo
Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo today. He was accompanied by Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya. Melnichenko is a self-made billionaire with major investments in Switzerland based fertilizer giant EuroChem Group and Russia based coal energy company SUEK. He was warmly welcomed by Port City […]
Better childcare opens job opportunities for Sri Lankan women
By Sangeeta Dey , Senior Education Specialist, World Bank & Shobhana Sosale , Senior Education Specialist , World Bank Despite robust growth and reduced poverty, female labor force participation in Sri Lanka remains at a low 36 percent compared to 75 percent for men —and below international standards. This number stands in stark contrast with Sri Lanka’s human capital […]
Kingslake to support GRI’s next phase of growth: Increase rubber exports
Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]
Soft opening of common areas of ALTAIR apartments
ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This breathtaking edifice which has transformed the perception of Colombo from being a dreamy South Asian back water to a pulsating cosmopolitan metropolis is the brainchild of the living legend Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel […]
Beyond Turmeric: How Import Controls are Impacting Sri Lanka’s Economy
By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric now fetches a higher price domestically; prices having soared by as much as 275% from Rs. 80 per kilo to Rs. 300 per kilo. The turmeric shortage, reports of adulterated turmeric […]
Cabinet approval to obtain a goods transportation aircraft for Sri Lankan on lease
Cabinet of Ministers has granted approval to a proposal forwarded by the Tourism Minister for obtaining an aircraft for goods transportation on a lease basis to Sri Lankan Aviation Company Limited subject to following the international competitive procurement methodology. The fleet of Sri Lankan Aviation Company Limited is comprised of a large number of economical […]