Author: lbostgadmin
Hemas Hospitals signs MOU with Health Ministry to start COVID-19 PCR Testing
Asserting its strong commitment in curbing the growing implications of the pandemic, leading private healthcare provider Hemas Hospitals signed an MOU with the Ministry of Health to commence COVID-19 PCR testing in a new state-of-the-art PCR laboratory on the 5th March 2021. Based in Wattala, the facility utilizes the latest technology and is believed to […]
Norfund to invest up to 9.99-pct in National Development Bank
NDB and the Norwegian Development Finance Institution, Norfund, have reached an agreement for Norfund to invest up to 9.99% in National Development Bank PLC (NDB). Under this agreement, Norfund will participate in the Rights Issue for LKR8Bn that NDB has already announced by way of subscribing to unsubscribed rights and also by way of a […]
Sri Lanka welcomes funding from WFP & Korea to help supply Thriposha to children & mothers
The United Nations World Food Programme (WFP) and the Korea International Cooperation Agency (KOICA) are supporting the Government of Sri Lanka with funding worth USD 600,000 (LKR 117 million) to procure maize for the production of Thriposha. The funding will be used to produce Thriposha, a maize-based fortified food product, which will be provided to […]
Twin awards for SriLankan Airlines in Singapore
The Changi Airport Group in Singapore recognised SriLankan Cargo with a “Cargo Service Excellence Award” at a ceremony during the ‘Let’s Talk Cargo 2021’ conference held recently in Singapore. SriLankan Airlines has been nominated by the Cargo industry partners in Singapore and shortlisted by a panel of judges as one of the three recipients of […]
Sterlingcars.lk – Sri Lanka’s newest online marketplace to buy and sell automobiles
SterlingCars.lk was launched by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent automobile service providers. SterlingCars.lk is a web platform which aims to provide a marketplace for buying and selling automobiles. The website offers a comprehensive range of vehicles, covering a plethora of makes and models. The design of SterlingCars.lk aims to […]
Trillium launches new Rs.1.2Bn apartment complex in Colombo
Total investment of Rs. 1.2 billion for the project by Trillium. Affordable luxury living in Colombo City Limits – Havelock Town, Colombo 05. A Condominium that allows pets for the first time in history in a pet care facility. Exclusive rooftop pool with all modern amenities. Trillium Havelock Residences – an Ideal investment opportunity. Real […]
WindForce announces LKR 3.2bn IPO to boost renewable energy in Sri Lanka & abroad
WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, has announced an Initial Public Offering (lPO) that aims to raise Rs.3.24 billion to fund its strategic expansion and growth in the renewable energy sector. The IPO offers 202,615,341 ordinary voting shares at Rs.16 per share and aims to raise […]
Hirdaramani takes new steps in transparency and accountability for renewable energy use
The Hirdaramani Group has yet again taken bold strides towards energy accountability by being the first in Sri Lanka to receive International Renewable Energy Certificates (I-RECs) for its energy usage. With this robust tracking standard, the group hopes to add new layers of accountability and credibility to its operations, living up to the commitments outlined […]
Steve Allen appointed to lead dnata’s global operations
The Emirates Group has announced the appointment of Steve Allen as the Executive Vice President of dnata, a global leading air services provider. Steve Allen will be responsible for all dnata’s businesses covering ground handling, catering and travel across six continents. In addition, he will assume responsibility for managing Emirates Group’s relationships with its associated businesses, […]
Smarter food policy could boost health and economic recovery of Asian cities
Across the world, the COVID-19 pandemic has highlighted the critical importance of reliable food systems that provide healthy and affordable diets to all. That is true also in Asia where cities, large and small, contend with a wide range of food-related issues on a daily basis but often lack a dedicated or coherent set of […]
Central Bank & IFC launch Sri Lanka’s first National Financial Inclusion Strategy
Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable for all households and businesses in the country. The NFIS is a joint effort led by the Central Bank of Sri Lanka—with technical and financial assistance from IFC, a member of the World Bank Group—under […]
Recent volatility on yields of government securities is unwarranted: CBSL
Certain market interest rates, such as yields on government securities, have shown unwarranted volatility recently, which is not in line with monetary policy expectations, the Monetary Board of the Central Bank said announcing its commitment to continue the current accommodative monetary policy stance. The Central Bank reiterates that the high level of excess liquidity in […]