Category: General Services
Kapruka shares begin trading tomorrow
Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, 7th Friday 2022. Kapruka Holdings Limited is the holding company of Kapruka, Sri Lanka’s Pioneering e-commerce platform with a global presence. The Company recently offered 32,826,000 ordinary voting shares to the public through its […]
Internship opportunities for SLIM undergraduates within SLASSCOM
The Sri Lanka Institute of Marketing (SLIM) recently signed a Memorandum of Understanding (MoU) with the Sri Lanka Association for Software Services Companies (SLASSCOM), the national chamber for the knowledge and innovation industry in Sri Lanka. The MoU was signed to facilitate internship opportunities for SLIM undergraduates within the SLASSCOM landscape. Signed on the 21st […]
Eco Spindles aims to increase plastic recycling by 10-pct
Eco Spindles, Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, has significantly bolstered Sri Lanka’s recycling capabilities by creating an ecosystem for recycling within the country. This year, the company has seen the culmination of its significant […]
Double digit growth in taxi hailing industry but single digit increase in new driver partners joining
With fuel prices at the pump increasing and commodities set to take another bump, PickMe says it is vital not to take our eyes off the ball. “Despite all shortcomings, the wheels of the economy must not stop turning,” says Zulfer Jiffry, CEO of PickMe. The company has increased incentives to their driver partners in […]
TPS Ceramic Industries breaks ground for Rs. 4Bn plant in Badureliya
TPS Ceramic Industries (Pvt.) Ltd. the recent-most entity to join Sri Lanka’s largest ultra-modern sanitary-ware and ceramic trading company and distributor – Puwakaramba Group of Companies (PGC), will create history with the laying of the foundation stone of a state-of-the-art ceramic manufacturing plant on 16 December 2021 at Baduraliya. Located in the PGC Factory Complex […]
‘s outstanding bill to Iran by exporting Ceylon Tea
Sri Lanka’s Plantation Ministry and the Ministry of Industries, Mines and Trade of Iran agree to formulate a scheme for the settlement of a sum of US$ 250,925,169 outstanding from Ceylon Petroleum Corporation to National Iranian Oil Company by means of utilizing the said sum to facilitate the export of Ceylon Tea to Iran by […]
PUCSL to empower 10,000 plumber technicians with NVQ qualification
The Public Utilities Commission of Sri Lanka (PUCSL), the regulator of the electricity industry and the designated regulator for water services industry entered into a Memorandum of Understanding with Tertiary and Vocational Education Commission (TVEC), Vocational Training Authority (VTA) and National Apprentice and Industrial Training Authority (NAITA) on 14th December 2021 to provide free National Vocational […]
CA Sri Lanka SAB campus to transform higher education with new degrees and MBAs
In a landmark effort aimed at revolutionising higher education for students and professionals within the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched its very own campus on Thursday which will offer the highly reputed BSc. Applied Accounting Degree, with plans afoot to also introduce several new Bachelor’s Degrees as well as a […]
Sarvodaya Development Finance and Mitra Innovation work to build digital capabilities
Noting the potential of digitisation as a method of transforming ethical financing, Sarvodaya Development Finance (SDF) partnered with Mitra Innovation to connect the village of Kethsirigama to a number of digital platforms, thereby enhancing their ability to conduct business and achieve economic growth. The partnership with Mitra Innovation will revolve around providing access to comprehensive […]
Is wealth tax the solution to Sri Lanka’s low tax revenue collection?
By Sathya Karunarathne IntroductionSuccessive governments have run fiscal deficits. Inadequate revenue collection and unrestrained government expenditure have worsened the country’s fiscal position. Tax revenue which averaged over 20% of GDP in 1990 has declined to under 10% of GDP inAd hoc tax policy changes have significantly eroded the tax base. Weak tax administration has also […]
World Bank VP reaffirms support for investments in people and resilient recovery
World Bank Vice President for South Asia, Hartwig Schafer, today concluded a six-day visit to Sri Lanka, reiterating the World Bank’s commitment to support Sri Lanka’s inclusive and resilient recovery from the COVID-19 pandemic and emphasizing the importance of investing in human capital. During meetings with the President of Sri Lanka, H.E. Gotabaya Rajapaksa; Prime […]
SL, WB partner for safe, climate-resilient transport connectivity and strong agricultural supply chains
The Government of Sri Lanka and the World Bank signed a $500 million financing agreement to provide safe, efficient and climate resilient connectivity to strengthen agricultural supply chains through the Inclusive Connectivity and Development Project. This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka. Sajith […]