Author: lbostgadmin
Hemas Partners with Govt plastic waste recycling campaign
Hemas Holdings partnered with the Ministry of Environment to support its environmental initiative ‘Not a Rule but a Discipline’ focused on the responsible disposal and recycling of plastic waste in Sri Lanka. As a part of this initiative recycle bins will be placed at Government institutions and schools to collect disposable plastic pens and […]
China donates another 1.6mn doses of Sinopharm COVID-19 vaccines to Sri Lanka
The Government of China donated another consignment of 1.6 million doses of the Sinopharm COVID-19 vaccines to Sri Lanka. The two SriLankan Airlines flights UL869 and UL865 carrying the vaccines arrived at the Bandaranaike International Airport, Katunayake at 5.30 a.m., today (27). Chinese Ambassador to Sri Lanka Qi Zhenhong officially handed over the vaccines to […]
Nations Trust Bank Unlisted Debenture Oversubscribed Upon Opening
Nations Trust Bank announced the successful oversubscription of its Unlisted Debenture prior to its opening, aggregating LKR 5 Bn in applications. Structured, managed, and placed internally; the Bank planned to raise up to LKR 3 Bn through the issue of 30 million Unlisted, Rated, Unsecured, Senior, Redeemable Debentures at the par value of LKR 100 […]
Employer-supported Childcare: A Solution to Labour Shortages?
By Amanda Balasooriya Kanthi is a 33-year-old working mother who resides in Kuliyapitiya. Her two-year-old daughter is enrolled at a private crèche located eight km away from her home. Distance apart, Kanthi is not satisfied with the quality of the childcare and finds it expensive. With no other choice, she drops off her toddler at […]
Foreign reserves will fall to a record low of USD 2.6bn after July 27, lowest level in SL history: Mangala
Former Minister of Finance Mangala Samaraweera stresses that a fuel shortage is likely to occur very soon, with about USD 1.2 billion in fuel costs still due. Speaking at the inaugural discussion of the “True Patriots” movement, he highlighted the need to move towards a true patriotic ideology based on liberal democracy. “We are becoming […]
Baurs to bring expert team to study Sri Lanka’s agriculture ecosystem
One of the pioneers in agriculture fertilizer and a leading diversified business group, A. Baur & Co. (Pvt.) Ltd., also known as Baurs, will be bringing down a team of renowned experts from Switzerland to study the country’s agriculture ecosystem with the purpose of providing scientific and practical solutions to converse into an organic approach. […]
HIPG Delegation visits SL Ambassador to China; discussions on joint investment promotion
As construction work begins in the industrial park at the Hambantota Port, efforts are being made to attract Sri Lankan and international investors. A delegation from Hambantota International Port Group (HIPG) led by Justin Zhang, General Manager – Port Investment Services, recently visited Sri Lanka’s Ambassador to China, Dr. Palitha Kohona in Beijing to discuss […]
Hayleys Fabric cuts carbon footprint by 15-pct with Sri Lanka’s largest solar roof
Leading textile manufacturer, Hayleys Fabric further reduced its carbon footprint by 15% with the installation of the largest private sector rooftop solar power system in Sri Lanka, contributing 6,241,500kWh of power per annum to the National Grid. Installed by sister company Hayleys Fentons, the rooftop solar project was set up at Hayleys Fabric’s primary manufacturing […]
VIDEO: Jeff Bezos Responds To Critics After Historic Trip Into Space
After his historic trip into space on Tuesday, billionaire Amazon founder delivered a message to his critics and also laid out a vision for the future.
‘s Weakening External Finances to Pressure Corporate Ratings: Fitch Ratings
Sri Lankan corporates could face rating pressure should the government further restrict imports amid weakening external finances, Fitch Ratings says in a new report. Fitch expects corporates that import finished goods in sectors that are considered non-essential to be more affected than those that import raw materials for local value addition. Consumer durable importers are […]
”s Caa1 rating under review for downgrade
Moody’s Investors Service (“Moody’s”) has today placed the Government of Sri Lanka’s Caa1 foreign currency long-term issuer and senior unsecured debt ratings under review for downgrade. The decision to place the ratings under review for downgrade is driven by Moody’s assessment that Sri Lanka’s increasingly fragile external liquidity position raises the risk of default.This assessment […]
Russell Juriansz elected as Chairman of Sri Lanka Shippers’ Council
Sri Lanka Shippers’ Council held its 51st Annual General Meeting on 14 July 2021. Considering the prevailing situation in the country, this year’s AGM was held as a Virtual Meeting connected through Microsoft Teams. Russell Juriansz was elected as the Chairman and Imalka Kumarapeli and risherman Frink were elected as the 1st Vice Chairman as the 2nd Vice Chairman respectively for the year 2021/2022. Committee […]