Total motor vehicle registrations fall to a decade low in 2020: report

Total motor vehicle registrations of 2020, hit the lowest for the last decade and even lower than the registrations recorded in 2009 when the world experienced the global financial crisis, a new report highlighted. Motor Vehicle Industry Report released by the Economic Intelligence Unit of the Ceylon Chamber of Commerce covering key trends in 2019 […]

PickMe partners with LankaQR to reduce the Dollar outflow

PickMe recently partnered with LankaQR to facilitate direct payments. LankaQR (LQR) is a common Quick Response (QR) code standard adopted by financial institutions in Sri Lanka to facilitate fast, secure and low-cost digital payments to any merchant, especially small and medium enterprises. It enables customers to pay merchants directly from their bank accounts (CASA) and […]

First Capital Looks to Future Growth with a Performance First Outlook

First Capital Holdings PLC, a Janashakthi Group Company with over 35 years of industry knowledge, recently concluded its Annual General Meeting presenting the Annual Report 2020-21 on the theme of ‘Performance First’ to its shareholders. The group recorded an exceptional year reaching new financial and non-financial performance milestones, recording Rs. 2.09 billion in Profits After […]

Sri Lankan import restrictions at odds with WTO rules hurt welfare of citizens: Economists

A panel of eminent economists urged that the Government take credible and decisive action to carry out immediate trade reforms. Advocata’s Academic Chair Dr. Sarath Rajapatirana, emphasised that “Countries that have grown very fast, especially in east asia have understood the importance of trade reform”. Further adding that the first step of such a reform […]

Interview: Local and International wins for architect Palinda Kannagara

Palinda Kannagara is one of the top Sri Lankan architects based in Columbo who has recently been honored both locally and internationally for his work. He is principal architect at Palinda Kannangara Architects, Columbo, Sri Lanka. Lanka Business Online had a detailed conversation with the acclaimed architect about the recent honors received and his design […]

Sri Lanka Tourism attracts over USD950Mn in investment despite pandemic

Foreign investment is a key driver of economic growth, as is the revenue generated via tourism. As one of its primary exports, tourism remains Sri Lanka’s calling card to the world. Over the last fifteen months (March 2020-June 2021) the government has attracted over $950 million in investments, dedicated to revitalising the island’s burgeoning tourism […]

EDB develops vocational education, training plan for electrical & electronics industry

The Sri Lanka Export Development Board (EDB) with the assistance of the Tertiary and Vocational Education Commission (TVEC) has prepared a Vocational Education Training Plan (VET Plan) for the Electrical and Electronics sector (EEC sector) in Sri Lanka to identify the skill gaps and training required to satisfy EEC sector needs to develop the Electrical […]

Automobile Component Manufacturers surpass 5,000 employment appointments in WP: SLACMA

The brand-new component manufacturers have surpassed the granting of 5,000 new employment appointments in the Western Province over the past few months. This was stated by Dimantha Jayawardena, President of the Sri Lanka Automobile Component Manufacturers’ Association. Earlier this year, the Ministry of Industries together with the stakeholders of Sri Lankan Automobile Assembly and Automobile […]

Hemas Partners with Govt plastic waste recycling campaign

Hemas Holdings partnered with the Ministry of Environment to support its environmental initiative ‘Not a Rule but a Discipline’ focused on the responsible disposal and recycling of plastic waste in Sri Lanka.   As a part of this initiative recycle bins will be placed at Government institutions and schools to collect disposable plastic pens and […]

Event Management Ass. calls for enforcement of COVID-19 safety for functions

Following the easing of Covid-19 restrictions in Colombo, the Event Management Association (EMA) issued comprehensive guidelines for hosting COVID-safe events and called for strictest possible adherence from stakeholders. The EMA’s Handbook, lists out detailed safety and hygiene standards and protocols to ensure that all future events will be hosted in a responsible manner – minimizing […]

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