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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 […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings has affirmed the National Long-Term Rating on Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Mobile-Market Leader: Dialog’s Standalone Credit Profile (SCP) of ‘aaa(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog will continue to gain revenue […]
Finance Minister proposes to appoint mediator for property auctions of banks
Prime Minister and Minister of Finance, Mahinda Rajapaksa emphasizes the need to appoint an authorized person to look into the process of property auctions carried out by the banks due to defaults. The Prime Minister pointed out that it is essential to look into the reason for the auction and the financial history of the borrower before the auction. The premier has pointed out the need […]
Concessionary leasing scheme for passenger transport sector
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services, the Central Bank has requested financial institutions to provide concessions for lease facilities obtained by such businesses and individuals for six months or a shorter period, as applicable, commencing from 1 April 2021. The eligible borrowers are businesses and individuals […]
Web development trends that will dominate in 2021.
As consumer demands change with the times, the digital pathways we embark on also evolve to accommodate these shifting needs. Web development has been at the forefront of establishing powerful digital presences that make many experiences possible at one’s fingertips. From shopping to research, much is possible. Therefore, it makes sense to understand the technologies […]
Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy
The Ceylon Chamber of Commerce and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training programmes to enhance their technical know-how in the fields of bunker and draught survey. In addition to theoretical knowledge, the above training courses will deliver “On […]
UN launches new campaign, Only Together, to support global vaccine equity call
The United Nations today launched a new global campaign, Only Together to support its call for fair and equitable access to COVID-19 vaccines around the world. The campaign stresses the need for coordinated global action to ensure vaccines are accessible in all countries, starting with health-care workers and the most vulnerable. “Over the past year, we’ve all missed […]