Category: Companies
ComBank becomes Sri Lanka’s first carbon-neutral bank
The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations, encompassing all 268 branches and its head office – a monumental milestone in the Bank’s commitment to the environment. Becoming a net-zero carbon company was one of Commercial Bank’s Green Goals, to be […]
Only solution for COVID-19 pandemic is vaccination: Cant afford lockdown
Sri Lanka’s President says only a vaccine can end the COVID-19 pandemic. Developing countries such as Sri Lanka cannot take lockdown measures or impose curfews that obstruct the economic activities of the country, the President’s office said issuing a statement. “The majority of our country’s income earners depend on informal livelihoods. Therefore, while the government […]
Our standard regular cylinders are available without a shortage in the market: Litro Gas Lanka
Litro Gas Lanka says that their standard regular cylinders are available without a shortage in the market and customers may order their LPG requirements by dialing 1311 or via the Litro Gas Home Delivery App. According to the company, all categories of Litro Gas Lanka cylinders are available to consumers without any shortage. Full statement
Opinion: Port City, Better economic governance, not giveaways should be focus of new governance zone
Deng Xiaoping China’s great reform leader, faced a serious problem in the 1970s. Thousands of young Chinese were crossing to Hong Kong risking their lives. Rather than cracking down on the migrants, Deng sought to understand why they were migrating. Clearly the economic opportunities in Hong Kong were greater than in mainland China. Deng was […]
EFL 3PL becomes Sri Lanka’s first Carbon Neutral logistics company
Sri Lanka’s largest logistics solutions company, EFL’s five-year march towards achieving a more sustainable operational model culminates in its certification as ‘Carbon Neutral’ as of 1st April 2021. The company’s achievement remains the culmination of a series of systematic initiatives implemented since 2016, which looked to transform its business into a far more efficient and […]
GoMicro seals commercial contract with Keells Supermarkets to assess tuna quality with AI
The United Nations’ Food & Agriculture Organisation estimates that up to one third of global primary produce is wasted. Minimising food wastage could bring significant benefits to many people around the world. Issues around food freshness and storage are a critical component in this context. For instance, more than 30% of the fish landed on […]
Emirates to increase services to Colombo to 7 a week from 3 May
Emirates has announced it will increase its services to Colombo from six to seven flights a week, with the seventh weekly flight commencing 3rd May. The additional service will serve rising market demand and enhance connectivity to and from Colombo via Dubai. The added flight will operate every Monday. Emirates flight EK650 will depart Dubai […]
Eco Spindles talks responsible recycling at CFW’s Responsible Fashion Summit
At the recently concluded Responsible Fashion Summit organised by the Colombo Fashion Week (CFW), Sri Lanka’s largest plastic recycler Eco Spindles was among industry experts in an invaluable panel discussion themed ‘Circularity in a Fashion Supply Chain’. Representing Eco Spindles at the discussion, Chief Executive Officer at Eco Spindles Yarns, Nalaka Seneviratne elaborated on how […]
WindForce shares off to a strong start on Colombo Stock Exchange
The shares of WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, will commence trading on the Main Board of the Colombo Stock Exchange (CSE) from the 22nd of April 2021 onwards, following its highly-successful Initial Public Offering (IPO). The strong showing of the shares on the opening days […]
RPCs urge priority for worker vaccination ahead of new wave of COVID cases
The Planters’ Association of Ceylon (PA) called on Government and Public Health officials to ensure that estate-sector workers made a top priority in the COVID-19 vaccination drive, given their essential contributions to the national economy. In a backdrop where COVID-19 cases are once again on the rise both locally and globally, while preparations are already […]
Sri Lanka rupee strengthened against the US dollar
The Sri Lanka rupee further strengthened against the US dollar yesterday, on positive outlook for inflows. The selling rate was quoted at 191.97 rupees for a US dollar, as against 201.28 rupees on Friday and a peak of 204.62 rupees last week. The indicative dollar spot exchange rate was 194.44 rupees yesterday as against 199.93 rupees […]
Sri Lanka vehicle registrations down in March 2021
Total vehicle registrations marginally reduced to 3,556 units in March down from 3,558 units in Feb but significantly down from 13,219 units 12 months ago. The comparative figure was 35,150 units 24 months ago. In the locally assembled category Under cars Zotye Z100 recorded 22 units in March down from 79 units in Feb and […]