Author: lbostgadmin
Newly arrived cranes at HIP to be used for raw material discharge for Lanwa Cement Factory
Two brand new Chinese manufactured cranes will be fitted at berth number 6 of Hambantota International Port (HIP). The shore cranes, shipped by barge from the Port of Zhenjiang in China to HIP, came fully assembled, and took nearly 6 weeks to complete their journey. The cranes built to fit HIP regulations are customised to […]
Steps to decentralize all government services at district and divisional levels: President
President Gotabaya Rajapaksa has stated that there is a timely need to decentralize all public services at the district and divisional levels similar to the work-from-home concept. Department of Registration of Persons, Department of Immigration and Emigration, Department of Motor Traffic and other state institutions can be further decentralized at the district and divisional levels […]
Plans afoot to expedite final stage water supply projects
Plans are afoot to complete the work on large and small scale water supply projects which are in the final stages of construction in order to vest with the public. It was also decided to resolve the issues related to those projects as soon as possible. These were stated at the progress review meeting of […]
Statement from SriLankan Airlines on Flight UL 504
SriLankan Airlines would like to address the reports currently circulating on media about flight UL 504 avoiding a possible mid-air collision with another aircraft. SriLankan Airlines confirms that its pilots operating UL 504, which departed from London to Colombo on 13 June 2022, were able to safely commandeer the flight without an incident. Contrary to […]
Fitch Ratings Raises its Oil and Gas Price Assumptions
Fitch Ratings has increased its oil and gas price assumptions due to trade flows disruptions and redirection and higher post-pandemic demand. Fitch Ratings Content: Our raised oil price assumptions reflect disruptions of established supply channels and growing oil demand. The EU has banned seaborn imports from Russia, so it will have to replace about a […]
Visa introduces P2P to Sri Lanka powering cashless personal payments
Visa Inc. (NYSE: V), has today announced the launch of Person to Person (P2P) payments in Sri Lanka, enabling consumers to both make and receive payments digitally, from one person to another in real-time. In the post-pandemic world, digital transactions are growing through multiple platforms, the value of which is projected to reach $5317 million […]
US State Secretary discusses Sri Lanka’s economic & political challenges with PM Wickremesinghe
United States Secretary of State Antony J. Blinken spoke today with Sri Lankan Prime Minister Ranil Wickremesinghe, the US Department of State said. Spokesperson Ned Price said that the Secretary and Prime Minister discussed Sri Lanka’s current economic and political challenges. “The Secretary affirmed the United States’ commitment to the Sri Lankan people during this […]
UNOPS partners South Asia Co-operative Environment Program
UNOPS signed an Agreement with the South Asia Co-operative Environment Program (SACEP), an inter-governmental organisation headquartered in Sri Lanka, to support them in the implementation of the World Bank funded Plastic Free Rivers and Seas for South Asia Project (PLEASE). The PLEASE project catalyses actions to strengthen innovation and coordination of circular economy solutions to plastic […]
CA Sri Lanka grants module-wise exemptions for ACCA & CIMA Students to become Chartered Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has decided to grant a series of module-wise exemptions for students who are following ACCA and CIMA, to help them be part of the prestigious National Accounting Body, CA Sri Lanka. In its standing as the National Body of Accountants, and as part of its national […]
Hambantota Port achieves Record numbers for transshipment
Hambantota International Port (HIP) recently handled the largest RORO shipment of 2022 to date. M.V. Glovis Champion carrying 8,147 vehicles and 18 HH (High and Heavy) vehicles, called at the port last week and the port completed the operation within 28 hours. The high efficiency and productivity was achieved as a result of HIP’s skilled […]
We are surprised by reports that you are preparing to nominate another person as CBSL Governor: CBEOU
The Central Bank Executive Officers’ Union (CBEOU) representing all staff grades up to the Deputy Governor position of the Central Bank, says that they are surprised and deeply concerned by the news reports being circulated that the Prime Minister & Minister of Finance is preparing to nominate another person for the post of the Governor […]