Author: lbostgadmin
CEAT Kelani debuts new locally-made Truck Bus Radial for transport sector
A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest manufacturer of pneumatic tyres. The CEAT Winmile X3 AW is a Truck Bus Radial (TBR) in the 295/80 R22.5 TL size, making it an ideal replacement tyre for heavy trucks including prime movers, fuel […]
CSE to conduct full day of trading from Disaster Recovery site
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution on Friday, 23rd June 2023. The exercise will be an industry wide activity with the participation of all stakeholders, to ensure the preparedness of all participants to meet the […]
3 ways to make social protection work for Sri Lanka’s poor and vulnerable: WB
One-fourth of Sri Lankans are living in poverty, yet more than 50% are not covered by social protection schemes Fragmentation and poor governance have resulted in an inefficient social protection system Increased transparency, inclusion, adaptability, and accountability mechanisms such as citizen engagement are essential for building a better social protection system The COVID-19 pandemic and […]
Port City Colombo undertakes coral reef conservation amid environmental challenges
Port City Colombo, which extends from the Central Business District of Colombo, showcases a profound commitment to environmental preservation through the development of extensive coastal and marine habitats. A significant testament to this is a flourishing coral reef along the city’s 3.7km-long artificial breakwater. This thriving reef forms part of a wider reef conservation initiative […]
CMTA raises concerns about disparities in import regulations and policies
The Ceylon Motor Traders Association (CMTA), one of the longest standing automotive associations in South Asia, has recently raised concerns regarding the fairness of current import regulations, shedding light on the importation of extravagant items such as televisions and mobile phones, while essential necessities such as a motorcycle remains restricted. The CMTA emphasizes the need […]
Bank of Ceylon Implement Sri Lanka’s First Private Cloud with KBSL, VMware & HP Enterprise
Bank of Ceylon (BOC), the nation’s leading banking provider, recently completed the deployment of the country’s first-ever private cloud in partnership with KBSL Information Technologies Limited (KBSL), VMware and Hewlett Packard Enterprise (HPE). To celebrate this achievement, KBSL hosted a private event at the Courtyard by Marriott. BOC’s existing infrastructure required digital disruption and the […]
“Top50” Professional and Career Women Awards 2023 spotlights inspiring women
The highly anticipated “Top50” Professional and Career Women Awards 2023, organized by Women in Management (WIM) in partnership with Women in Work, a collaboration between the International Finance Corporation (IFC) and the Government of Australia, successfully concluded, honouring exceptional women from Sri Lanka and the Maldives who have made remarkable contributions to their respective fields. […]
Premier praises British Envoy’s efforts to promote UK-Sri Lanka ties
Prime Minister Dinesh Gunawardena thanked the outgoing High Commissioner of the United Kingdom Sarah Hulton for her persistent efforts to strengthen friendly relations between Sri Lanka and UK. He said this when the High Commissioner paid a farewell call on him at the Temple Trees Monday. The Prime Minister said that the untiring efforts of […]
SLBA calls for government engagement to facilitate debt recovery process
The Sri Lanka Banks Association (SLBA) has urged policymakers to engage with commercial banks via the Central Bank of Sri Lanka (CBSL) to ensure a comprehensive and well-coordinated approach to alleviating the stress felt by the industrialists in loan default, following the COVID-19 pandemic and the economic crisis. The Association, which represents all Licensed Banks […]
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka has been a country that has followed this trend repetitively, having entered into 16 economic stabilisation programmes during 1965-2020, […]
BNI National Conference in Colombo honors members at awards ceremony
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) – is celebrating the success of its first ever large- scale event in the country. The National Conference titled “Building a global Sri Lanka. Networking the way forward,” was headlined by Founder & Chief Visionary Officer of […]
Advantis extends welcome to Cordelia Cruises in Jaffna: First cruise liner to call on Port of KKS
The MS Empress, the first luxury vessel from Cordelia Cruises to Sri Lanka, was welcomed at the Kankesanturai Port (KKS), Jaffna, ushering in a new era of maritime travel and tourism for the Northern region. As the luxury cruise liner made its inaugural voyage to Jaffna, Minister of Ports, Shipping and Aviation Nimal Siripala De […]