Category: General Services
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and agricultural sectors to have contracted by 7.3%, 1.7% and 1.3% respectively. By mid-March the COVID crisis took center stage and the CBSL implemented a series of policy rate cuts further bringing the short-term […]
Kantar to offer media monitoring service in SL
Kantar recently announced that it would start providing Media Monitoring service in Sri Lanka. The announcement comes as Kantar has agreed to acquire Nielsen’s local media monitoring business. Historically, Kantar has provided TV audience measurement in Sri Lanka. The addition of media spend monitoring positions Kantar as a key partner to Sri Lanka’s media industry. […]
Lanka Property Web says SL real estate market stable despite pandemic
“Since the turn of the year there has been an increase in real estate activity by property buyers and sellers”, said Sri Lanka’s leading property portal LankaPropertyWeb. The company stated that a comparison between the number of visits to lankapropertyweb.com during the month of January in 2020 and 2021, showed an increase of 23% while […]
PM opens new manufacturing facility of seafood exporter Ceylon Catch
The new fish manufacturing facility of Ceylon Catch (Pvt) Ltd. was declared open by Prime Minister Mahinda Rajapaksa on Thursday at Dankotuwa. The company is one of Sri Lanka’s leading exporters of seafood to the United States, Japan, Canada, China, Thailand, and Taiwan. Their tuna is line-caught, traceable to the point of catch, and certified […]
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 […]
SLT Group’s operating profit for 4Q 2020 grew by 27-pct, revenue recorded at Rs. 24Bn
Sri Lanka Telecom PLC (SLT) Group concluded financial year 2020 on a high note, with a significant 25% YoY growth in profit after tax to Rs. 7.9 Bn, despite many challenges faced by the Group arising from the COVID-19 pandemic. Group revenue climbed to Rs. 91.1 Bn for the year with a 6% YoY growth, […]
Driving growth-bridging deficits – outlook 2021 report of Ceylon Chamber
The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy and Sector Review and Outlook 2021 webinar recently. The Outlook 2021 report published by the Economic Intelligence Unit (EIU) of the Ceylon Chamber of Commerce (CCC) explores the macroeconomic and sector outlook for the year ahead. The theme for the report […]
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated with Sri Lanka’s used-vehicle market. The association states that the vehicle customers fall prey to a number of frauds including odometer frauds, vehicles restored with counterfeit spare parts and vehicles with forged documents. Due to […]
JKH and HEMAS consumer collaborate to battle plastic pollution
Plasticcycle, the Social Entrepreneurship Project of the John Keells Group is pleased to onboard Hemas Consumer, in its bin placement initiative targeted towards encouraging responsible disposal of recyclable plastic waste, adding to the existing network of over 190 Plasticcycle bins in Sri Lanka. The agreement between the two parties was signed on the on 5th […]
Foreign Ministry to open a Regional Consular Office in Kandy
Under the guidance of the Foreign Minister, Dinesh Gunawardena, to give impetus to the National Policy Framework of the Government, by enhancing the efficiency and effectiveness of service delivery to the public, the Foreign Ministry will open a Regional Consular Office in Kandy on Saturday, 06 February 2021 at 2.00 p.m. The Regional Consular Office […]
Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this […]