Category: Industry
Pan Asia Bank partners Union Assurance to extend protection and healthcare to its valued customers
Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of Life, Health, and Investment insurance solutions. As part of this strategic tie-up, Union Assurance will work closely with Pan Asia Bank branches to provide comprehensive solutions to protect the lifestyles, dreams, and ambitions of Pan Asia customers. Pan Asia Bank’s Managing […]
Colombo Port City Economic Commission 2nd Biannual Progress Report
This report covers the activities of the Colombo Port City project from January to June 2022, shared by the Colombo Port City Economic Commission (CPCEC/Commission). Development Control Regulations (DCR) for the entire project were gazetted in April 2022 and an awareness program on them was conducted by the Commission for Government officials in June 2022. […]
Dutch Lanka Trailers exported new trailers to Australia from HIP
Locally manufactured trailers were exported to Australia from Hambantota International Port (HIP) on the RORO vessel ‘Atlas Leader’ which called at the southern port last week. The manufacturer, Dutch Lanka Trailers, has moved towards using this form of shipping of their trailers which is proving to be more cost effective than containerisation. This is the […]
Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022
Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022. This regional recognition marks a significant milestone for the Sri Lankan tech space and workforce. Rootcode’s mission to build great tech is […]
Despite challenges, SL’s positioning remains unmatched in high-end apparel manufacture
Director of Stretchline Holdings Norman Collier Globally successful manufacturing destinations for high-end apparel have three defining characteristics. Firstly, they have robust secondary supply chains – which are critical to ensuring the timely availability of all required inputs. The importance of this becomes apparent once you consider that to manufacture an item like a bra, producers […]
DIMO together with Kalmar uplifts Sri Lanka’s port and inland container terminal operations
DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in energy-efficient container handling solutions, are geared to enhance and uplift local container terminal operations to the next level. This partnership reflects DIMO’s commitment to continuously fuelling the dreams and aspirations of the […]
CA Sri Lanka’s 43rd national conference to influence chartered accountants to push for transformation
Amidst an unprecedented economic crisis engulfing the country, which has impacted businesses and citizens alike, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in its standing as the National Body of Accountants will take the lead to influence Chartered Accountants to push for transformation to help the country successfully navigate through its […]
Port City Colombo to represent Sri Lanka at World Cities Summit 2022
CHEC Port City Colombo is representing Sri Lanka at the World Cities Summit 2022 to be held at the Marina Bay Sands, Singapore from the 31st of July to the 3rd of August 2022. This biennial global event unites city leaders and associates from across 90 countries under this year’s theme, “Liveable and Sustainable Cities: […]
Blockchain platform SORA announced launch XOR currency in Sri Lanka
XOR – a blockchain-based currency under SORA – a blockchain-platform that holds XOR (the currency code for the cryptocurrency SORA) announced the launch of the cryptocurrency in Sri Lanka in July 2022. SORA (XOR) isn’t owned by any single nation or individual, but belongs to all of its users, and is designed as a new […]
Invest to progress, not to regress: bridging the infrastructure gaps in Sri Lanka
By : Tiffahny Hoole and Janani Wanigaratne Sri Lanka is going through a crisis of a magnitude that has never been witnessed in its economic history. The country is in disarray as people wait in lines to purchase essentials. Official reserve assets have plummeted to a US Dollar 1920 1 million by May this year […]
Sri Lanka introduces QR-based National Fuel Pass to manage fuel usage
The Ministry of Power & Energy today introduced the National Fuel Pass allowing the general public to purchase a guaranteed quota of fuel per week. Accordingly, one vehicle can be registered under one National Identity Card, Passport, or Business Registration Number. Registrations are open via fuelpass.gov.lk website. “A QR code will be allocated to each […]
Sri Lanka President steps down officially
Sri Lanka’s Parliamentary Speaker Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa has officially stepped down from his post. He made the announcement speaking to reporters from his official residence, earlier on Friday. Abeywardena said as per Article 38 (1) of the constitution he received the letter of resignation of President Gotabaya Rajapaksa , on Friday […]