Author: lbostgadmin
Prime Minister Mahinda Rajapaksa to undertake state visit to Bangladesh
Prime Minister Mahinda Rajapaksa will make a state visit to Bangladesh from March 19-20, 2021, on an invitation extended by the Prime Minister of Bangladesh Sheikh Hasina. The visit will coincide with the celebration of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the Golden Jubilee of the Independence […]
VIDEO: Discussion with Mahendra Jayasekera, MD of Lanka Tiles & Lanka Walltiles
The Idea Hub E03: A discussion with Mahendra Jayasekera, the Managing Director of Lanka Tiles and Lanka Walltiles, as we dive into the details about the Tile Sector.
Russian top billionaire Andrey Melnichenko visits Port City Colombo
Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo today. He was accompanied by Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya. Melnichenko is a self-made billionaire with major investments in Switzerland based fertilizer giant EuroChem Group and Russia based coal energy company SUEK. He was warmly welcomed by Port City […]
Better childcare opens job opportunities for Sri Lankan women
By Sangeeta Dey , Senior Education Specialist, World Bank & Shobhana Sosale , Senior Education Specialist , World Bank Despite robust growth and reduced poverty, female labor force participation in Sri Lanka remains at a low 36 percent compared to 75 percent for men —and below international standards. This number stands in stark contrast with Sri Lanka’s human capital […]
Kingslake to support GRI’s next phase of growth: Increase rubber exports
Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]
Soft opening of common areas of ALTAIR apartments
ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This breathtaking edifice which has transformed the perception of Colombo from being a dreamy South Asian back water to a pulsating cosmopolitan metropolis is the brainchild of the living legend Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel […]
Beyond Turmeric: How Import Controls are Impacting Sri Lanka’s Economy
By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric now fetches a higher price domestically; prices having soared by as much as 275% from Rs. 80 per kilo to Rs. 300 per kilo. The turmeric shortage, reports of adulterated turmeric […]
Cabinet approval to obtain a goods transportation aircraft for Sri Lankan on lease
Cabinet of Ministers has granted approval to a proposal forwarded by the Tourism Minister for obtaining an aircraft for goods transportation on a lease basis to Sri Lankan Aviation Company Limited subject to following the international competitive procurement methodology. The fleet of Sri Lankan Aviation Company Limited is comprised of a large number of economical […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings has affirmed the National Long-Term Rating on Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Mobile-Market Leader: Dialog’s Standalone Credit Profile (SCP) of ‘aaa(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog will continue to gain revenue […]
Finance Minister proposes to appoint mediator for property auctions of banks
Prime Minister and Minister of Finance, Mahinda Rajapaksa emphasizes the need to appoint an authorized person to look into the process of property auctions carried out by the banks due to defaults. The Prime Minister pointed out that it is essential to look into the reason for the auction and the financial history of the borrower before the auction. The premier has pointed out the need […]
Concessionary leasing scheme for passenger transport sector
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services, the Central Bank has requested financial institutions to provide concessions for lease facilities obtained by such businesses and individuals for six months or a shorter period, as applicable, commencing from 1 April 2021. The eligible borrowers are businesses and individuals […]
Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy
The Ceylon Chamber of Commerce and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training programmes to enhance their technical know-how in the fields of bunker and draught survey. In addition to theoretical knowledge, the above training courses will deliver “On […]