Author: lbostgadmin
Sri Lanka to establish new institution to maximize utilization of government lands
The Cabinet of Ministers has approved a proposal submitted by the President for the establishment of an institution under the name Assets Utilization Reformation Commission with powers to take necessary measures for productively utilize the identified underutilized assets. “It has become a pioneer requirement to introduce an appropriate methodology for utilizing state ventures with assets […]
”; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based consumer-durable retailer Abans PLC’s National Long-Term Rating at ‘AA(lka)’. The Outlook is Stable. Fitch has simultaneously affirmed the ‘AA(lka)’ rating on Abans’ outstanding senior unsecured debentures and the ‘F1+(lka)’ National Short-Term Rating on its commercial paper. The affirmation reflects our expectations that the healthy performance of Abans’ core operations […]
Cabinet nod to submit Colombo Port City Economic Commission Bill to Parliament
The Cabinet of Ministers has approved a proposal made by President to take the necessary steps to publish the Colombo Port City Economic Commission Bill on the government gazette and submit the bill to the parliament. The approval to establish a special economic zone known as the Port City was given at the cabinet meeting […]
All set for 24th Sri Lankan Entrepreneur of the year Awards
Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) announces the finalization of all arrangements to conduct the 24th Sri Lankan Entrepreneur of the Year Awards on 25th of March at BMICH Main Hall from 3.00 p.m. to 6.00 p.m. under the theme – Innovation and Productivity for Sustainable Growth reaching an important […]
If Govt fails to manage UNHRC resolution properly economic consequences will be catastrophic
By Eran Wickramaratne M.P – Former State Minister of Finance This government is stumbling from one crisis to another. Poor economic management, dismal management of Covid-19, and now to disastrous management of foreign diplomatic relations. The vote on the Sri Lanka resolution at the UNHCR showed how few friends we have retained. The lowest point […]
UNHRC adopts revised resolution to enhance monitoring on human rights in Sri Lanka
The UN Human Rights Council on Tuesday adopted a revised resolution to enhance its monitoring and reporting on the human rights situation in Sri Lanka, including on progress in reconciliation and accountability. The resolution was adopted by the 47-member Council after 22 members voted in favour of the document at the ongoing 46th UNHRC session […]
Sri Lanka’s export earnings grew by 2.5-pct in February
Sri Lanka’s export earnings registered a growth of 2.52% with US$ 993.73 Mn in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last […]
5 reasons why South Asia is coming together to beat marine plastic pollution
By CECILE FRUMAN , JOHN ROOME & PAWAN PATIL Collaboration, cooperation, consensus – these words are seldom used when describing the interactions of the eight sovereign nations that make up South Asia. For a variety of reasons, South Asia is considered the least integrated region in the world with restrictions on the movement of people, goods, services and capital. Yet, Afghanistan, Bangladesh, […]
President instructs and allocates Rs. 23Bn to conserve entire river system before end of year
President Gotabaya Rajapaksa has directed the Ministry of Environment to take steps to clean and conserve all rivers in the country before the end of the year. Rs. 23 billion have been allocated to clean up the entire river system under the ‘Surakimu Ganga’ (Conserve Rivers) programme.’ If that amount is not sufficient, additional […]
EXECUTIVE, Sri Lanka’s top-notch business travel partner ties up with onyx hospitality group & Mrs. World
Executive, the premier travel partner of all business travelers to and within Sri Lanka has recently tied up with ONYX Hospitality Group providing luxurious travel convenience to OZO Hotels and Amari Galle. Puneet Dutta, General Manager of Amari Galle – Sri Lanka was excited to share his thoughts on the new partnership. “Exceeding our guest […]
Sampath Bank powers real-time online payments to Inland Revenue Department with LankaPay
Sampath Bank joined hands with LankaClear to become one of the first banks in the country to facilitate real-time online payments to the Inland Revenue Department (IRD). Sampath Bank customers will now be able to make payments to the Inland Revenue Department, 24 x 7 x 365, directly from their savings or current accounts using […]
CCC-Private sector propose alternative to problem of managing flexible packaging waste
The Ceylon Chamber of Commerce (CCC) and industry stakeholders propose an Extended Producer Responsibility (EPR) initiative as a more cohesive alternative to addressing the environmental issues created by flexible packaging in Sri Lanka. The Chamber and the private sector believe that adopting an EPR approach to the issue, instead of banning flexible packaging altogether, would […]