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Sri Lanka – Korea Business Council hosts session on Post Covid Investment Opportunities
A dinner meeting was held by Sri Lanka – Korea Business Council of the Ceylon Chamber of Commerce on 25th March 2021 at Waters Edge. The Guest speaker was Dr. Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal & Community Cleanliness. The Minister spoke on new developments and investment opportunities in Urban […]
US-based Blackstone Group acquires 56.5-pct of Piramal Glass
US-based private equity major Blackstone Group has acquired a 56.5 percent stake of Piramal Glass Ceylon PLC. The acquisition price implies a total enterprise value of 13.9 billion rupees for the target company. Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the […]
China-SL leaders agree to strengthen bilateral relations in all sectors
Port City & Hambantota port projects to be expedited … Continuous support to Sri Lanka in international fora … President invited to visit China again In a telephone conversation yesterday (29), President Gotabya Rajapaksa and the President of China Xi Jinping agreed to strengthen and enhance mutually beneficial bilateral cooperation in all fields. The Chinese […]
Dialog Axiata’s Genie reaches Rs.10Bn worth transactions by 2021
Powered by Dialog Axiata PLC (“Dialog”), Genie, Sri Lanka’s first PCI-DSS-certified payment app has cemented a major milestone moment on its journey in establishing itself as the biggest payment processing network in Sri Lanka through the achievement of over Rs. 10 billion worth transactions. With more and more customers falling reliant on smart devices, Genie […]
CEAT Kelani announces 125-pct increase truck bus radial tyre production
Phase 1 to see production increase of 65% Phase 2 to increase capacity by 125% by June CEAT Kelani Holdings has announced another significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year, further supporting the national effort to reduce […]
VIDEO: Cargo ship freed from Suez Canal, but shipping backlog could last
The huge cargo ship stuck in the Suez Canal, blocking it for nearly a week, has been set free. While the online fascination may soon fade, the shipping backlog could take a little longer.
Cabinet approval to introduce a methodology to protect petroleum consumers
Sri Lanka’s cabinet has approved a proposal to sign a Memorandum of Understanding with the relevant government agencies in order to implement the draft “Declaration of Consumer Rights and Responsibilities” and “Procedure for handling complaints and resolving disputes”. It is proposed to establish an independent, transparent mechanism for receiving and resolving consumer complaints under the […]
National Action Plan for healthcare waste management in Sri Lanka
Sri Lanka generates 7,000 Metric Tonnes (MT) of waste daily, of which only half of the total is collected and 60% (4,200 MT) comes from the Western Province, posing severe pollution risks; to the environment, communities and those who handle waste. This issue of waste mismanagement, heightened due to COVID-19 in terms of Health Care […]
United States partners with Sri Lanka Life Saving to promote water safety
The Sri Lanka Life Saving (SLLS) organization recently held a graduation ceremony for trainees who recently completed an intensive training conducted in partnership with the United States. The Beach Bronze Medallion workshop, which provided first-responder training and education for civilians at the SLS headquarters in Mount Lavinia Beach, was part of an effort by the […]