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PCoI report on Easter attacks handed over to Mahanayakas and Cardinal
A copy of the final report of the Presidential Commission of Inquiry (PCoI) to investigate and inquire into the Easter Sunday attacks has been handed over to Most Venerable Thibbatuwawe Sri Sumangala Thero, Mahanayaka of the Malwatta Chapter and Most Venerable Warakagoda Sri Gnanarathana Thero, Mahanayaka of the Asgiriya Chapter. The report was handed over […]
Sri Lanka vehicle registration down in Jan 2021
Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows. JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed. In the brand-new […]
‘s record-breaking upliftment to Maldives
SriLankan Airlines carried a record-breaking 1.2 million kilogrammes of cargo from its network to Malé, Maldives, in February 2021. The Maldives is one of the few open, and highly popular, island destinations in the world for travellers.Since the pandemic, perishable goods have been in high demand. Its island neighbour Sri Lanka supplied a large share […]
Laws still restrict women’s economic opportunities despite progress: Study
Countries are inching toward greater gender equality, but women around the world continue to face laws and regulations that restrict their economic opportunity, with the COVID-19 pandemic creating new challenges to their health, safety, and economic security, a new World Bank report says. Reforms to remove obstacles to women’s economic inclusion have been slow in […]
Veemansa Initiatives’ discussion on ‘external debt situation in Sri Lanka
Delivering the keynote address on the topic, External Debt Situation in Sri Lanka: Our Route to Resolution, the Governor of the Central Bank, Deshamanya Professor W D Lakshman said that despite the COVID-19 pandemic and its impact Sri Lanka will maintain its unblemished records of debt service. The Governor made these comments at the […]
70-pct probability to hold policy rates: First Capital Research
First Capital Research believes that there is a 70 percent probability to hold policy rates due to the considerable improvement in high-frequency indicators and with fiscal and monetary measures implemented so far. As per their view, the Central Bank either can choose to hold policy rates steady or cut by 25 bps or 50 bps […]
Panasian Power commissions solar power project worth Rs. 420Mn
Panasian Power PLC (PAP), a dynamic Sri Lankan renewable energy solutions organisation and a leading supplier of renewable energy to the national grid recently commissioned a 3 MW ground solar plant in Matara, worth a total investment of LKR 420 million. Panasian Power is the equity investor and led all aspects of the construction including […]
ACL Cables launches its own online sales channel to personalize customer experience
Sri Lanka’s leading cable manufacturer, ACL Cables PLC launched its own e-commerce platform designed to help customers personalize their buying experience. The “ACL shop online” e-commerce platform can be accessed through the ACL corporate website www.acl.lk or through the direct link www.acl.lk/shoponline. This paves way for the company to reach its customers more conveniently and […]
Comm Bank Group’s operating income up 13.3-pct: Total assets grow 25-pct
Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the most challenging years on record, have enabled the Commercial Bank of Ceylon Group (ComBank) to end 2020 on a stable platform for growth, with better liquidity than most peers and adequate provision cover. The Group, comprising of Sri […]
Saliya Pieris elected as 26th President of Bar Association of Sri Lanka
The Election to select the 26th President of the Bar Association of Sri Lanka concluded yesterday with Saliya Pieris, PC being declared the winner having secured 5,162 votes against 2,807 votes secured by Kuvera De Zoysa, PC. Saliya Pieris, PC secured 2,416 Votes from the Colombo Zone and 2,746 Votes from the other Branches whilst […]