Author: lbostgadmin
Breakdown at Lakwijaya Thermal Power Plant: Unit 02 Generator Shut Down for Repairs
The Lakwijaya Thermal Power Plant in Norochchole encountered an emergency breakdown in its High-Pressure Heater System, forcing the halt of the Unit 02 Generator, the Ceylon Electricity Board (CEB) said. However, the plant’s third generator has completed its Level A Major Overhaul and is undergoing testing, positioning it for swift electricity production. Despite these challenges, […]
Ranee Jayamaha & Sanjeeva Jayawardena submitted their resignations well before SC judgement: CBSL
Both Dr. Ranee Jayamaha and Sanjeeva Jayawardena submitted their resignations well before the Supreme Court made its final judgement on 14.11.2023 with regard to the Fundamental Rights Case filed on Economic Crisis, the Central Bank said. Releasing a statement, the Central Bank said Dr. Ranee Jayamaha who was a member of the Monetary Board (MB) […]
Deloitte South Asia CEO to visit Sri Lanka this month
Romal Shetty the Chief Executive Officer of Deloitte South Asia is slated to visit Sri Lanka this month. His visit was announced on the day when over 500 professionals were welcomed into the Deloitte network entities in Sri Lanka and Maldives, making it one of the largest combinations in the history of professional services in […]
Cinnamon Hotels & Resorts on culinary extravaganza with Gary Mehigan in partnership with SriLankan
Cinnamon Hotels & Resorts is delighted to announce an exciting collaboration with the National Carrier, SriLankan Airlines, as the powered by partner for an upcoming series of exclusive events featuring the renowned British-Australian Michelin Star celebrity chef and former original judge of MasterChef Australia, Gary Mehigan. The culinary extravaganza is scheduled to take place from […]
Sri Lanka launches Nationally Determined Contributions (NDC) implementation plan
From record-breaking temperatures to increasing extreme weather events, in 2022 alone Asia recorded 81 weather, climate and water-related disasters which directly affected more than 50 million people, costing USD 36 billion in economic damages according to the World Meteorological Organisation’s State of the Climate in Asia report. The global landscape is changing dramatically with the […]
Design Code: Showcase of creativity, innovation, and collaboration
The University of Moratuwa unveiled their annual design showcase, “Design Code,” scheduled to take place from November 23rd to 26th. The Design Code, a four-day event is organized by the Department of Integrated Design, Faculty of Architecture, University of Moratuwa. During a recent press briefing, industry experts who participated, highlighted the crucial role of design […]
U.S. Department of Agriculture Commits USD32.5 Mn to Fund McGovern-Dole School Feeding Program
The U.S. Embassy in Colombo is pleased to announce a new $32.5 million award from the U.S. Department of Agriculture (USDA) to Sri Lanka for the McGovern-Dole International Food for Education and Child Nutrition Program, a food assistance initiative that reduces hunger and improves literacy and primary education.By providing school meals, teacher training and related […]
HEINEKEN signs agreement with Distilleries Company of Sri Lanka
Heineken International B.V. (HEINEKEN) has signed an agreement with Distilleries Company of Sri Lanka PLC (DCSL) today. DCSL is a Public Limited Liability Company and is listed on the Colombo Stock Exchange (CSE). Under this agreement, HEINEKEN will sell all its shares in HEINEKEN Lanka Limited to DCSL and agree to Trademark Licence Agreements for […]
”s Unveiling Critique of Budget 2024
● Blatant violation of the Fiscal Management Responsibility Act in Budget 2024, with budget deficit exceeding 5%. ● Staggering increase in poverty affecting 3 to 7 million people, highlighting a critical issue overlooked in the budget. ● Critique of the government’s “Oxymoron” economic approach and the absence of a comprehensive plan for making Sri Lanka […]
‘s economic crisis FR case
The full Supreme Court decision on Sri Lanka’s economic crisis Fundamental Rights petition has been published. The Supreme Court gave a majority ruling that the former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa, former Governors of the Central Bank of Sri Lanka, Prof W.D Lakshman and Ajith Nivard Cabraal, […]
Sri Lanka elected to the Executive Board of the UNESCO
Sri Lanka was elected to the Executive Board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the term 2023-2027, during the 42nd General Conference of the inter-governmental organization, on 15 November 2023 in Paris. Sri Lanka obtained 144 votes out of 188 member states voting at the said election, co-securing the 3rd highest vote […]
VAT exemptions will be limited to health, education & few essential foods: Deloitte Sri Lanka budget discussion
Deloitte Sri Lanka, part of the international auditing, consulting, and financial advisory giant, Deloitte Global, held a special “Budget Night” panel discussion on Sri Lanka’s Government Budget 2024, on the 13th of November 2023, soon after the Budget was presented to parliament by President Ranil Wickremasinghe, as the Minister of Finance. The panel comprised Dr. […]