Author: lbostgadmin
MAS official clothing partner for Paris Olympics: Launches MAS Athlete Training Academy
At an event held in Colombo, MAS Holdings was announced as the Official Clothing Partner of Team Sri Lanka for the Paris Olympic Games 2024. Here, the official kits were handed over to the Sri Lanka Olympic contingent. The event coincided with the inauguration of the MAS Athlete Training Academy, an initiative by MAS to […]
Cabinet approves special salary increment for Govt employees not engaged in recent trade union action
Non-executive government employees, who reported for duty on July 8 and 9, 2024, will be granted a special salary increment as a token of appreciation for their dedication during a challenging economic period. This increment was approved by the Cabinet following President Ranil Wickremesinghe’s proposal. Accordingly, the Secretary of the Ministry of Public Administration, Home […]
Orient Finance PLC Welcomes Daniel Alphonsus as Independent Non-Executive Director
Orient Finance PLC, a member of the Janashakthi Group, announces the appointment of Daniel Alphonsus as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 5th of July 2024. Daniel spearheads Daraz’s payments, financial services, and digital goods divisions across South Asia. In addition, he serves on multiple economic reform committees for […]
Sri Lanka seeks collaboration with Singapore Cyber Agency and Infocom Media Development Authority
Sri Lanka’s quest for enhanced cybersecurity and digital transformation received a positive response from Singapore during a high-level meeting on July 1st, 2024. Following discussions between Sri Lanka’s High Commissioner to Singapore Senarath Dissanayake and Singapore’s Minister for Communications and Information Josephine Teo, Singapore expressed willingness to explore avenues for collaboration. Minister Teo acknowledged Sri […]
‘s Mango Market: A Balancing Act with Economic Insights
By Chandula Idirisinghe Sri Lanka’s mango industry, deeply woven into the cultural fabric and dietary needs of Sri Lanka, is thriving with a 12.2% production boost and a 5% yield improvement over the past two decades. Yet, the industry is characterised by drastic seasonal price swings. Prices are currently low, and another significant drop is […]
Op-Ed: Journey Towards a Brighter Future: Reflections from Outgoing WB Group Country Management
The outgoing World Bank Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, World Bank Country Manager for Maldives and Sri Lanka, Chiyo Kanda and International Finance Corporation Country Manager for Maldives and Sri Lanka, Alejandro Alvarez de la Campa speak about the highlights of their tenure in Colombo. They also share their thoughts […]
A Call to Debate: Law College’s Hulftsdorp Debates 2024 Set to Break New Ground
The English Literary Association of Sri Lanka Law College is proud to announce the return of the highly anticipated Hulftsdorp Debates (HDs) for its tenth edition. The HDs hold the honour of being the first comprehensive university-level English debating tournament in Sri Lanka, and it is conducted in the British Parliamentary style. This year’s competition […]
Sri Lanka Clarifies Status of Continental Shelf Claim and Cobalt Exploration
The Sri Lankan Ministry of Foreign Affairs issued a statement addressing recent media reports concerning the country’s continental shelf claim and cobalt exploration efforts. The Ministry stated that recent media speculations about Sri Lanka ceding its rights are unfounded. Both matters are ongoing processes before separate UN bodies established by the UN Convention on the […]
JICA handed over Composting Machinery at Karadiyana to Western Province Governor
Japan International Cooperation Agency (JICA) supported National Solid Waste Management Support Centre, Waste Management Authority and a number of relevant organizations to jointly develop Solid Waste Management Master Plan in Western Province (MP). On 4th July 2024, a ceremony was held to officially handover the equipment and machinery provided under the JICA-MP project at Karadiyana […]
Opinion: Catalyzing MSMEs amid rising poverty?
By Indika Hettiarachchi As Sri Lankan economy is recovering from the economic crisis, there are lot of discussions on catalyzing the ailing micro, small and medium enterprises (“MSME”). MSMEs are believed to be accounting for around 90% of all businesses in Sri Lanka. Surveys indicate that over 20% of MSMEs were closed down during 2018 […]
ComBank Bangladesh operations receive ‘AAA’ credit rating by CRISL
Commercial Bank Bangladesh, the Bangladesh operation of Commercial Bank of Ceylon PLC, has received a ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for 2024, the 14 th consecutive year it has received the highest credit rating given to a financial institution in Bangladesh. Valid till June 2025, […]
SL’s IT and BPM sector urges reconsideration of tax measures affecting export services: SLASSCOM
In light of the recent communication regarding the removal of the exception on the export of services, we, the Sri Lanka Association of Software and Services Companies (SLASSCOM), the Federation of Information Technology Industry Sri Lanka (FITIS), the BCS Sri Lanka Section (BCS), and the Computer Society of Sri Lanka (CSSL) share our collective thoughts […]