Category: Featured
Capitol TwinPeaks forges ahead, amidst industry challenges
Capitol TwinPeaks, the 50-storey twin-tower mixed residential development under the Sanken Group, continues construction for delivery in 2021, amidst several hardships faced by Sri Lanka’s real estate and property industry. With the announcement by Ceylon Chamber of Commerce (CCC) – Import Section, Chairman, Delano Dias that the import restrictions on nonessential items that were expected […]
PCoI report on Easter attacks handed over to Mahanayakas and Cardinal
A copy of the final report of the Presidential Commission of Inquiry (PCoI) to investigate and inquire into the Easter Sunday attacks has been handed over to Most Venerable Thibbatuwawe Sri Sumangala Thero, Mahanayaka of the Malwatta Chapter and Most Venerable Warakagoda Sri Gnanarathana Thero, Mahanayaka of the Asgiriya Chapter. The report was handed over […]
Sri Lanka vehicle registration down in Jan 2021
Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows. JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed. In the brand-new […]
Comm Bank Group’s operating income up 13.3-pct: Total assets grow 25-pct
Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the most challenging years on record, have enabled the Commercial Bank of Ceylon Group (ComBank) to end 2020 on a stable platform for growth, with better liquidity than most peers and adequate provision cover. The Group, comprising of Sri […]
PCoI appointed to ensure transparency in SL Customs
President Gotabaya Rajapaksa has appointed a Presidential Commission of Inquiry(PCoI) to evaluate the state of current affairs of the Sri Lanka Customs Department and make recommendations to enhance its effectiveness. The Commission is assigned to simultaneously come up with recommendations to make services by SL Customs more efficient and effective while dealing with various allegations […]
Trees of life: Why worry about deforestation?
By Manadilani Daluwatte – Trustee, Federation of Environmental Organisations, Sri Lanka (FEO) “The death of the forest is the end of our life.” Dorothy Stang Why are forests important? This is a question that we must all focus on now, before it is too late, as much of Sri Lanka’s forests are being destroyed before […]
Spotify Launches in Sri Lanka
Spotify, the world’s most popular audio streaming subscription service, officially launches today in Bangladesh, Pakistan and Sri Lanka, offering a revolutionary music experience tuned to your personal taste. With a worldwide community of more than 345 million monthly active listeners including 155 million Premium subscribers, Spotify will offer a personalized listening experience for local and […]
Sri Lanka January inflation at 3.7-pct
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 3.7 percent in January 2021 and inflation calculated for December 2020 was 4.6 percent. Year-on-Year inflation of both food group and non food group have decreased from 7.5 percent in December 2020 to 5.9 percent in January 2021 and from 2.2 percent […]
Sri Lanka must keep pace with global changes: President
Private sector, State Universities and other Higher Education Institutions should work together … IT and computer knowledge for all students, regardless of field of study…. Universities should compete to attract high achievers…. Freedom for Universities to plan their studies and manage…. President Gotabaya Rajapaksa has reiterated that Sri Lanka must keep pace with transformative changes […]
Policy backsliding derails Sri Lanka’s aspirations to become maritime hub
Policy experts discuss Sri Lanka’s policy towards building future port infrastructure. “Sri Lanka losing out to regional competitors because of policy inconsistency,” says Rohan Masakorala at the panel discussion hosted by the Advocata Institute on the topic වරාය සංවර්ධනයේ ඉදිරි දැක්ම:විකිණීමක් ද, ආයෝජනයක් ද? and the surrounding policy issues on the 12th of February at the BMICH, […]
Port City donates Rs. 20Mn worth PCR equipment and testing kits to SL
CHEC Port City Colombo donated a PCR testing machine and 5,000 PCR test kits worth over Rs. 20 million to the government today. On behalf of Mr. Jiang Houliang, Managing Director, CHEC Port City Colombo (Pvt) Ltd, Mr. Yue Yeqing, Asst. Managing Director of CPCC handed over the equipment to Hon. Basil Rajapaksa, Chairman, Presidential […]
Eco-Spindles breaks ground on new polyester yarn facility
Aims to double polyester yarn production by 2022 2,300 tonnes of waste plastic bottles recycled in 2019/20 Targeting export demand for recycled polyester fabrics Pioneering Sri Lankan plastic bottle recycler and manufacturer of polyester yarn and monofilaments, Eco-Spindles (Pvt.) Ltd commenced Phase 2 of its expansion strategy to add 20,000 sq.ft of production space […]