Author: lbostgadmin
World Bank approves $40 mn financing to improve water & sanitation services in Sri Lanka
The World Bank’s Board of Executive Directors approved $40 million in additional financing for Sri Lanka to expand water supply, sanitation, and hygiene services in 7 districts through the Water Supply and Sanitation Improvement Project (WASSIP). The project will also increase septage facilities in the more populated part of the country in Western, Southern and […]
‘s Energy Consumption Problem
South African-born American entrepreneur, Elon Musk recently expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on many levels,” read a statement shared on his Twitter feed. “We believe it has a promising future – but this cannot come at great cost to the environment.” So how bad is Bitcoin for […]
Foreign Minister appreciates Russia’s support in conversation with Foreign Minister Lavrov
Foreign Minister Dinesh Gunawardena in a telephone conversation with the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov on Monday expressed his deep appreciation for the support extended by Russia towards Sri Lanka in addressing the challenges posed by the COVID-19 pandemic. In this regard, Foreign Minister Gunawardena welcomed Russia’s assistance in accessing […]
The key to Invest Forums is the ‘bottom-line’ conversion: MTI Consulting
Whilst commending the recently concluded ‘Sri Lanka Invest Forum 2021’, MTI Consulting has highlighted the need to diligently track and progress every single interest indicated and convert them to ‘bottom-line’ impact. “Sri Lanka’s initiative to hold this forum is very timely – given that nations and corporations around the world are trying to figures out […]
Sri Lankan non-life insurers’ capital to normalise after improving on lower claims
The regulatory risk-based capital (RBC) ratios of non-life insurers in Sri Lanka will normalise in the medium term with the resumption of dividend pay-outs to shareholders and a likely moderation in earnings, Fitch Ratings says. RBC ratios of non-life insurers improved considerably in 2020 due to the low motor and medical insurance claims following pandemic-led […]
Sri Lanka Investment Forum concludes with over 4500 participants
The 2021 Invest Sri Lanka Forum, organized by the Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange, which commenced on Monday, 7th June concluded successfully on Wednesday, 9th June. Asia’s first ever virtual investment forum was held with foreign participation of 2,200 from 85 countries and 2,500 local participants. The […]
Opinion: Moving business and human rights agenda forward in SL in crisis times
By Myanthi Peiris, Business and Human Rights Specialist, UNDP Sri Lanka The COVID-19 pandemic brought about unprecedented social and economic challenges, and behind staggering data of contracting economies, people’s lives and livelihoods are on the line. According to the World Bank, in Sri Lanka over 500,000 people are expected to have fallen into poverty as […]
SL is a strategically located strong economy with access to emerging and established markets : BOI Chief
Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said. Additionally, Sri Lanka is the place to work, live and enjoy life, Sanjaya Mohottala, chairman of the Board of Investment tolad a forum Wednesday. “We have an extremely educated, trainable and capable workforce,” “Digital literacy is close […]
‘s request for AstraZeneca vaccines
President Gotabaya Rajapaksa’s request made to the Prime Minister of Japan, Yoshihide Suga, seeking to obtain 600,000 doses of AstraZeneca vaccine has been met with positive responses. This was disclosed during a meeting held between the President and the Japanese Ambassador to Sri Lanka Sugiyama Akira at the Presidential Secretariat this morning (09). The Japanese […]
SLT-MOBITEL unveils ‘Entrepreneurship Studio’ to foster strong local tech Start-up ecosystem
-The programme offers attractive benefits including investment up to LKR One Million: Nurturing innovation and entrepreneurship in tech start-ups, SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, unveiled its new groundbreaking initiative, the ‘Entrepreneurship Studio’ recently. The programme is designed to provide an attractive opportunity for early-stage tech entrepreneurs to gain access to funding, […]
Auckland tops EIU’s liveability rankings owing to its ability to contain Covid-19 faster
The overall global average liveability score has fallen by seven points, as compared with the average pre-pandemic score, a report by The Economist Intelligence Unit showed. According to their Global Liveability Index 2021, the extent to which cities were sheltered by strong border closures, their ability to handle the health crisis and the pace at […]
Determined enforcement & reliable information – SL’s need of the hour in IP protection call
By Sudath Perera, Managing Partner, Sudath Perera Associates Pursuant to the World Anti-Counterfeiting Day, which fell on 8th June 2021, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy. The World Anti-Counterfeiting Day was established by the Global Anti-Counterfeiting Group (GACG) to address the […]