Author: lbostgadmin
ADB to promote SME sector in Sri Lanka
Asian Development Bank (ADB) Director General for South Asia Department Kenichi Yokoyama has assured President Gotabaya Rajapaksa that the ADB will support the promotion of Small and Medium Scale Enterprises (SMEs). The Asian Development Bank (ADB) provided a US 750 million concessional loan last year for projects in Sri Lanka. Yokoyama said that the ADB […]
Daraz celebrates five successful years in Sri Lanka
Five years ago, a small and young team of around 100, were operating under the name of Kaymu.lk, building the foundation for a stable e-commerce platform in Sri Lanka. Recognizing the potential of the operations, Daraz stepped forward to invest on this business, contributing with international level financial and technological prowess. Since its launch in […]
Regulating prices: From price mandates to more competition
Regulating prices: from price mandates to more competition The government recently removed the maximum retail price (MRP) on rice with a decision to import a buffer stock of rice to prevent any shortages. This is an important step in the right direction. Opening up the market for more competition will reduce the market power of […]
Opinion: Navigating through high maritime freight rates
By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’s composite World Container Index (WCI) as at 30th September 2021 increased to USD 10,361 per 40ft container, which is 292% higher than the same period in 2020. The average composite index of the WCI (Drewry), […]
PUCSL launch second phase of electrician licensing program
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, commences the second phase of awarding free National Vocational Qualification Level 3 (NVQ 3) Program for Electricians tomorrow. The PUCSL launched this programme March last year and more than 2000 electricians have obtained NVQ3 under the programme and qualified for the electrician license. […]
Technology critical to transform education sector – UNDP experts
With the onset of COVID-19, the world has seen disruptions to traditional forms of education. In Sri Lanka, since the first wave and the resulting lockdown in March 2020, schools have been largely dysfunctional with the levels of online learning varying between public and private institutions. To this end, the United Nations Development Programme (UNDP) […]
“Immediate investigation into Sri Lankans revealed in Pandora papers” President
President Gotabaya Rajapaksa has ordered the Commission to Investigate Allegations of Bribery or Corruption to launch an immediate investigation into the Sri Lankans and the related transactions revealed in the Pandora Papers and submit a report in a month. It was published in the media that according to the papers, information has come to light […]
Women in Management, IFC launch 11th Professional and Career Women Awards
Marking its 11th year of honoring inspiring Sri Lankan women, Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia, today opened nominations for the ‘Top 50’ Professional and Career Women Awards 2021. This will be IFC’s seventh consecutive year – fourth under the IFC-DFAT Women […]
Domestic smartphone consumers garnered access to quality assured mobile imports
TRC issues Gazette Extraordinary 2196/51 ensures consumer protection against illegal smartphone trade The smartphone customers of Sri Lanka is protected from illegal smartphone imports owing to a revolutionary gazette issued by TRCSL (Telecommunication Regulatory Commission of Sri Lanka). The Gazette Extraordinary 2196/51, issued in December 2020, stipulates that the Type Allocation Code (TAC) letter issued […]
INSEE cement commits to Environment with new mangrove restoration project
Continuing with its efforts to protect and restore our environment, INSEE Cement, Sri Lanka’s only fully-integrated cement manufacturer, recently kicked of its latest Mangrove Restoration Project. This new initiative will work to restore 1 hectare of natural mangrove forest in the vicinity of the Searakkuliya Lagoon, Aruvakkaru, in the Puttalam District. Adding to INSEEs ongoing […]
Sri Lanka promotes products and tourism at Chinese international exposition
Guangdong 21st Century Maritime Silk Road International Exposition 2021 was held from 24-26 September at the Canton Fair complex, in Guangzhou, organized by the China Council for the Promotion of International Trade Guangdong Committee and Department of Commerce of Guangdong. The Consulate General of Sri Lanka in Guangzhou, participated with a country pavilion, consisting of 36 […]
MoU between Kaduwela Municipal and UNDP to expand waste to energy plant signed
Sri Lanka is in the process of transforming its current development trajectory into a green and low carbon pathway, with a concerted push towards a green economy and green development. Particularly, the recognition of progress made towards the targets of the Sustainable Development Goals (SDGs) and the necessity of increasing the contribution of renewable energy […]