Category: Featured
Towards improved livelihoods and higher revenues from sustainable fisheries in SL :WB report
When managed in an environmentally, socially, and financially sustainable manner, coastal aquaculture holds significant promise for increased export earnings and skilled jobs. Sri Lanka has 1,620 kilometers of coastline and exclusive rights to fish, drill and conduct other economic activities in a 517,000-square-kilometer exclusive economic zone in the Indian Ocean. However, this does not mean […]
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) – They don’t make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. Sega Nagendra was a fixture on the Sri Lankan corporate circuit. Everyone seemed to know him, and there was always positivity when his name was mentioned.My interactions span […]
Sri Lanka needs price formula to avert future energy crisis
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing energy crisis. Fuel, which is the single largest import accounting for 18% of the country’s total import expenditure, cost an alarming USD 3.7 billion in 2021. Since the actual […]
Ceylon Chamber launches outlook 2022 report; ‘Road to recovery: Overcoming challenges’
The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 webinar. Titled ‘Road to Recovery: Overcoming Challenges’, the report covers key fundamentals of the global and local economic outlook, policy outlook, and private sector perspectives for the year 2022. This year’s […]
Platform for greater citizen engagement and effective action on illegal environmental activities
In the face of illicit deforestation, degradation of wetlands, and illegal wildlife poaching and trade, Sri Lanka has seen increased community involvement and engagement, despite the ongoing pandemic. While current official mechanisms for citizens to lodge complaints have room for improvements in transparency to the public, there is also an absence of an integrated government-mandated platform […]
Resus Energy connects 8th mini-hydropower station to national grid : capacity 2.4MW
Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground mounted solar PV stations in Sri Lanka, recently connected its eighth small hydropower station to the national grid. Fed by the Madulla Oya, a main tributary of Uma Oya, and built with state-of-the-art equipment at a cost of over […]
Local retail industry: Hardest hit by FOREX crisis calls for solutions
Sri Lanka Retailers Association Retail industry constitutes 23% of the country’s GDP and is hardest hit by the ongoing FOREX crisis The wider eco system of employees, suppliers, farmers and consumers of Sri Lanka impacted by the ongoing crisis and is pushing businesses to the brink of collapse Goods for sale, raw materials and basic […]
‘ in a manner that does not affect public service: President
Establish a Nursing University before the end of May … Promotions with retrospective effect Steps to provide uniform allowance … President Instructs officials “Health care services, including medicine and nursing, are highly valued. Understanding the financial situation in the country take steps to provide approved nurses’ issues in a manner that does not affect the […]
24 Sri Lankan companies honoured at 25th SAFA
A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability, and governance in financial reporting at the 25 th Best Presented Annual Report Awards of the South Asian Federation of Accountants (SAFA).The prestigious South Asian awards ceremony was hosted by the Institute of Chartered Accountants […]
Opinion: Sri Lanka needs GSP+ now more than ever
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade concessions to the European Union (EU). While these costs will be high, the social and human costs are likely to be even greater. Considering official statistics for 2021, available up […]
“Opposition calls on Govt for urgent dialogue with them,” MP Harsha
Opposition parliamentarians have urged President Gotabaya Rajapaksa to initiate a dialogue with them to better understand the current economic issues facing the nation and find solutions together. “We are all in this together,” Dr. Harsha De Silva, an opposition member of parliament said addressing a media briefing yesterday. “The Governor of the Central Bank reiterates […]
“Growing sense of insecurity among people despite years of development growth,” UN report
Global development progress does not automatically lead to a greater sense of security, according to a new United Nations Development Programme (UNDP) report on human security released Thursday. New data and analysis in the report, New Threats to Human Security in the Anthropocene, shows that people’s sense of safety and security is at a low […]