Category: Featured
Asia Pacific’s largest logistics property developer, explores investment opportunities in SL
Stuart Gibson, Co-Founder & Co-CEO of Hong Kong listed ESR Cayman Ltd, one of APAC’s largest logistics property platforms, visited Sri Lanka recently. Gibson and his senior management team held talks with the top level of the Sri Lankan government including President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa, State Ministers Nivard Cabraal, Tharaka Balasooriya, D.V. […]
Sri Lanka vehicle registrations marginally up in Jan 2021
Total Vehicle registrations recorded 3,558 units in Feb marginally up from 3,256 units in Jan but significantly down from 31,402 units 12 months ago, a new report shows. “The main contributor for the increase was a higher number of hand tractors, a category that is not under an import ban and an uptick from locally […]
Project Company welcomes Cabinet approval to establish SEZ at Port City
The approval was granted at the cabinet meeting held on the 04th January 2021 to establish the Colombo Port City Special Economic Zone which will be an International business and services hub with specialized infrastructure facilities. Port City investor company, CHEC Port City Colombo (Pvt) Ltd. welcomes the Government’s move and expects this initiative will […]
UNFPA partners with CFW 2021 to increase awareness on gender-based violence
A UNFPA supported survey in 2019 found that one in four (24.9%) women have experienced physical and/or sexual violence since age 15 by a partner or non-partner in Sri Lanka. Across the world and in Sri Lanka, UNFPA supports Governments and women’s organizations to strengthen their response to violence against women and girls. Contrary to […]
Governors and District Sec are responsible for regional development process: President
President Gotabaya Rajapaksa emphasizes that the Governors and District Secretaries should take the lead in the regional development process. It is the objective of the Government to see that the people from the villages reap the benefits of development expeditiously. He says that this process could not be delayed under any circumstance and that the […]
Ceylon Chamber of Commerce marks 182 years
Governor Stewart Mackenzie, initiated the establishing of the Ceylon Chamber of Commerce on 25 March 1839, for the purpose of best promoting the interests of commerce. It was among the first group of chambers established in Asia at the time. Governor Mackenzie who was deeply interested in promoting Agriculture and Trade adopted the rules and […]
5 reasons why South Asia is coming together to beat marine plastic pollution
By CECILE FRUMAN , JOHN ROOME & PAWAN PATIL Collaboration, cooperation, consensus – these words are seldom used when describing the interactions of the eight sovereign nations that make up South Asia. For a variety of reasons, South Asia is considered the least integrated region in the world with restrictions on the movement of people, goods, services and capital. Yet, Afghanistan, Bangladesh, […]
President instructs and allocates Rs. 23Bn to conserve entire river system before end of year
President Gotabaya Rajapaksa has directed the Ministry of Environment to take steps to clean and conserve all rivers in the country before the end of the year. Rs. 23 billion have been allocated to clean up the entire river system under the ‘Surakimu Ganga’ (Conserve Rivers) programme.’ If that amount is not sufficient, additional […]
Allegations made against SL at Human Rights Council are politically biased: FM Dinesh
Foreign Minister Dinesh Gunawardena says that the allegations of human rights abuses in Sri Lanka by several countries including the UK, Canada and Germany is an action taken for political purposes, by concealing the truth. A vote is scheduled to be held on 22 March 2021 on the allegations made by several countries against Sri Lanka, at […]
Kingslake to support GRI’s next phase of growth: Increase rubber exports
Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]
Soft opening of common areas of ALTAIR apartments
ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This breathtaking edifice which has transformed the perception of Colombo from being a dreamy South Asian back water to a pulsating cosmopolitan metropolis is the brainchild of the living legend Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel […]
Opinion: Insurance industry looks at Bionic Insuring in a ‘new normal’
By Chilman Jain, Principal, BCG – Prateek Roongta, Managing Director and Partner, BCG – Pranay Mehrotra, Managing Director and Senior Partner, BCG COVID-19 has disrupted most businesses globally and the insurance industry is no exception. Given the restrictions imposed by the pandemic, insurers have been compelled to accelerate their digital journeys and holistically digitize their […]