Author: lbostgadmin
Tribute: My Close Association with Merrill J. Fernando
July 20, 2023 (LBO) – By: Ranjit Hulugalle Below are some anecdotes from my close association with Merrill Fernando, especially in the UK between 2000 and 2004. As one gets older, life becomes rather blurred, especially when one has worked for 45 years in three continents and in half a dozen vocations. Sadly I don’t […]
EU, AFD, and World Bank support Strengthening Public Finance Management in Sri Lanka
The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances. The grant of EUR 9.8 million for Public Finance Management aims to support improving economic governance, transparency, and accountability in how public finances […]
‘s Rice Sector
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Department of Agriculture and Mahaweli Authority in Sri Lanka (MASL), is taking crucial steps, supported by funding from the European Union (EU), to address the threat to food security caused by two consecutive seasons of poor harvests in 2021-2022. With a […]
Sri Lanka Insurance expands its presence to Wattegama
Sri Lanka Insurance – opens its Wattegama Agency Business Development Center (ABDC) on the 14th of July at No. 73/C, Kandy Road, Wattegama. The occasion was graced by Mr. Lalith De Silva Head of Distribution – General Insurance, Mr. Jagath Welgama Assistant General Manager/Head of National Sales (Life), the management team of the Sri Lanka […]
Nimi launches NimiKash, revolutionizing payroll management for IT workers
Nimi, a leading information technology firm specializing in Staff Augmentation and Development, Product Advisory, and Payments Advisory, is proud to announce the launch of its groundbreaking product, NimiKash. Designed specifically for IT workers, NimiKash is set to revolutionize payroll management by empowering employees to effectively manage their cash flow and achieve financial growth. NimiKash is […]
Sri Lanka’s Debt Restructuring Roadmap: Following the Evidence
By Dr Dushni Weerakoon: Debt restructuring is fundamentally about allocating the associated economic costs to someone. The onus is typically on the debtor country to secure participation from its creditors, applying comparable treatment to all. As with all negotiations, the level and modalities of relief will always be subject to some degree of controversy. Sri […]
A Plastic Recycling Center Opens in Kaduwela
The Kaduwela Municipal Council opened the first of four Plastic Recycling Centers at 567/3, Yashodara Mawatha, Dedigamuwa as a pilot to improve standards in plastic waste collection and apply environment, health, and safety best practices. The Plastic Recycling Centers, supported under United States Agency for International Development (USAID) Clean Cities Blue Ocean activity will sort, […]
Ceylon Chamber Concerned About Developments in Healthcare Sector
The Ceylon Chamber of Commerce is concerned about recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical products procured for the public healthcare system. While the shortage of essential medicines has stemmed from the economic crisis, it persists due to the lack of a robust and transparent procurement system. We recommend that […]
Cinnamon Air to Launch Scheduled Flights to Jaffna from Colombo
Cinnamon Air, Sri Lanka’s premier domestic airline, recently announced the launch of scheduled flights to Jaffna, which will provide travellers with easy access transport to the most popular city in the northern region of the island along with an exceptional travel experience. Scheduled flights to Jaffna will commence from 16th June 2023, with weekly departures […]
Import Controls in Sri Lanka: Political Preference and Incentive Distortions
Battling an unprecedented economic crisis that overlapped the COVID-19 pandemic, Sri Lanka resorted to strict import controls since early 2020. These measures gradually encompassed 31% of total imports by September 2022, with the intention of reducing foreign exchange leakages on “non-essential” imports. However, the effectiveness and implications of these stringent regulations have raised questions. A […]
Indian Foreign Secretary meets the President
Indian Foreign Secretary Vinay Mohan Kwatra met with President Ranil Wickremesinghe during his official visit to Sri Lanka this morning (11). The meeting took place at the Ministry of Defence and focused on enhancing bilateral relations and working towards future economic and social goals that would benefit both countries’ populations. During the meeting, President Wickremesinghe […]
Silk Route Ventures initiates Sri Lanka’s first fully equipped food factory for culinary entrepreneurs
Understanding that setting up a food factory takes a colossal amount of investment and effort in this highly competitive environment and even more so amidst economic challenges, Silk Route Ventures, a leader in the nation’s agriculture, food and beverage and nutraceuticals segments, now allows culinary entrepreneurs and enthusiasts a launchpad to turn their creative ideas […]