Sri Lanka and Australia to strengthen practical cooperation

Foreign Minister Dinesh Gunawardena during a meeting with the Australian High Commissioner David Holly on 13 July 2021 discussed avenues for consolidating relations between the two countries in multiple spheres to achieve tangible outcomes. Following up from the successful telephone conversation held with the Australian Foreign Minister Marise Payne in June this year, the two […]

Teejay first Sri Lankan company to become US Cotton Trust Protocol Member

The U.S. Cotton Trust Protocol welcomes Sri Lankan textile manufacturer Teejay Lanka and its wholly-owned subsidiary Teejay India as new members. Teejay is the first textile manufacturer in Sri Lanka to join the Trust Protocol and membership will allow the company to prove the cotton fiber element in its sourcing mix is more sustainably grown […]

Opinion: Plastic waste, a goldmine when responsibly disposed and managed

By Mangala Bandara, director of ‘Go Recycling Hub.’ Most developing countries across the globe face the issue of proper waste management, and Sri Lanka is no exception. Each person in Sri Lankan generates around 0.64 kgs of waste daily leading to 4.8 million metric tons of solid waste collected annually, where irresponsible disposal of plastic […]

Event Management Ass. calls for enforcement of COVID-19 safety for functions

Following the easing of Covid-19 restrictions in Colombo, the Event Management Association (EMA) issued comprehensive guidelines for hosting COVID-safe events and called for strictest possible adherence from stakeholders. The EMA’s Handbook, lists out detailed safety and hygiene standards and protocols to ensure that all future events will be hosted in a responsible manner – minimizing […]

Cleanup operation of oil spill at Hambantota International Port completed

The minor oil spill that occurred during bunkering at the Hambantota International Port (HIP) has been cleaned up by the Emergency Response Unit of the port. The oil spill occurred at approximately 6 pm on Sunday, 11th of July 2021 whilst a bunkering barge was refueling a commercial vessel that had called at the port. […]

IFC & FCCISL Work with Businesses to Promote Increased Work-Life Balance

To help close the gender gap and promote greater work-life balance, particularly at a time of COVID-19 impacts, IFC and the Federation of Chambers of Commerce and Industry Sri Lanka (FCCISL) have launched a new online learning series to strengthen business commitment towards flexible work and family-friendly practices to help employees. Over 40 Sri Lankan […]

Colombo Stock Exchange to review index calculation methodology for ASPI

The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more […]

ICEES partners Toyota Engineering Corporation to bring true Lean capability to Sri Lanka

Innovation Centre for Enterprise Excellence Solutions (ICEES Global) recently partnered with Toyota Engineering Corporation (TEC) in Japan to bring world renowned lean management knowledge and capabilities to Sri Lanka, enabling individuals and organizations to learn from the pioneers in the industry. ICEES Global will be initiating the first ever Toyota Production System (TPS) Training Program […]

June food prices increase by 14.3-pct: Advocata’s Bath Curry Indicator

June Food Prices Increase by 14.3–pct Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of food recorded a jump of 14.3%  for the month of  June 2021.  The month of June experienced an increase in prices comparatively to the month of May, according to the basket of food tracked by […]

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