Category: General Services
“JKH Group Q2 EBITDA records growth of 93-Pct; significant turnaround in Leisure sector business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.6.41 billion during the quarter under review, which is a 93 per cent increase against the comparative period [2020/21 Q2: Rs.3.32 billion]. • The Group’s businesses, except for Consumer Foods […]
Sri Lanka’s latest venture into cement manufacturing connects with Hambantota Port
An agreement was signed between Hambantota International Port Group (HIPG) and Lanwa Sanstha Cement Corporation Pvt. Ltd. to establish a conveyor belt and two ship unloaders within the port premises to handle and deliver raw materials required for their cement manufacturing plant at the Mirijjawila BOI zone. The agreement was formalized by CEO of HIPG, […]
China National Vehicles Import & Export Co. Ltd, to invest in Vehicle Plant in Sri Lanka
The Vice President of China National Machinery Import and Export Corp, Wu Yi, called on the Ambassador of Sri Lanka to China Dr. Palitha Kohona, 26 October 2021, at the Embassy to explore the possibility of establishing a vehicle plant in Sri Lanka. They plan to produce and promote the MG, Chery, and Proton brands […]
Eran queries purpose of maintaining COPE if it cannot take actions
SJB MP Eran Wickremaratne speaking on the debate on COPE report in Parliament expressing his dismay said it was unfortunate that the COPE committee appointed by Parliament to investigate embezzlement of hundreds of thousands of rupees in Sri Lankan state institutions had not even the power to prosecute thieves and fraudsters. He said the country […]
SL energy crisis needs streamlined long term policy framework from CEB: Snr Engineers Ass
Senior Engineers of CEB has launched a new movement to uphold policy consistency Plans to focus Energy Crisis in Sri Lanka through expediting the construction of new power plants Plans for career upliftment of junior engineers and recommending to increase retirement age to 61 to increase the contribution of senior engineers to achieve energy goals […]
Experts discuss framing a green development pathway for Sri Lanka
Experts from the government, private sector, UN agencies, think tanks, and other development partners, came together at this week’s kickstarter sessions of the Colombo Development Dialogues on Green Development, held on 12 and 14 October 2021. With over 450 participants joining in virtually, they sought to come to a common understanding of a localised, Sri […]
UNDP introduces Colombo development dialogues on green development
Rapid socio-economic, technological, environmental, and other changes around the world have posed unprecedented challenges to us all. These challenges are especially pertinent against the backdrop of climate change, increased urbanization and widening inequalities, coupled with the ramifications of the COVID-19 outbreak. However, this has also amplified the need for countries to re-align their economic recovery […]
Legal validity of digital signatures highlighted
Digital Signatures have been in use in Sri Lanka since 2009, however, due to the outbreak of the pandemic and travel restrictions, signing documents physically has found to be challenging. Hence, the requirement for digital signatures among many segments of the community has soared in the recent past. In view of raising awareness about Digital […]
Regulating prices: From price mandates to more competition
Regulating prices: from price mandates to more competition The government recently removed the maximum retail price (MRP) on rice with a decision to import a buffer stock of rice to prevent any shortages. This is an important step in the right direction. Opening up the market for more competition will reduce the market power of […]
Opinion: Navigating through high maritime freight rates
By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’s composite World Container Index (WCI) as at 30th September 2021 increased to USD 10,361 per 40ft container, which is 292% higher than the same period in 2020. The average composite index of the WCI (Drewry), […]
Domestic smartphone consumers garnered access to quality assured mobile imports
TRC issues Gazette Extraordinary 2196/51 ensures consumer protection against illegal smartphone trade The smartphone customers of Sri Lanka is protected from illegal smartphone imports owing to a revolutionary gazette issued by TRCSL (Telecommunication Regulatory Commission of Sri Lanka). The Gazette Extraordinary 2196/51, issued in December 2020, stipulates that the Type Allocation Code (TAC) letter issued […]
Sri Lanka promotes products and tourism at Chinese international exposition
Guangdong 21st Century Maritime Silk Road International Exposition 2021 was held from 24-26 September at the Canton Fair complex, in Guangzhou, organized by the China Council for the Promotion of International Trade Guangdong Committee and Department of Commerce of Guangdong. The Consulate General of Sri Lanka in Guangzhou, participated with a country pavilion, consisting of 36 […]