Category: Industry
JAAF demands immediate solutions, end to Government’s procrastination
In a recent statement, the apparel industry has urged all stakeholders to put aside differences and work together to resolve the current crisis, which has imposed severe hardships on people and hampered the economy. If the current macroeconomic crisis continues for longer without taking urgent action to address it, the social and economic consequences imposed […]
Bangladesh corporate sector ready to expand economic cooperation with Sri Lanka
Sri Lanka High Commissioner to Bangladesh said that profound historical and cultural relations have lasted between Sri Lanka and Bangladesh and it is time to deepen the economic cooperation between the two countries. High Commissioner Professor Sudharshan Seneviratne highlighted the idea at a meeting held with the President of the Federation of Bangladesh Chamber of […]
Korea doubles its employment quota for Sri Lankan migrant workers
Minister for Government Policy Coordination of the Republic of Korea, Koo Yun-cheol, who is on an official visit to Sri Lanka, called on the Minister of Foreign Affairs, Prof. G.L. Peiris on 01 April, 2022. The meeting was followed by a luncheon where two sides discussed the entire gamut of bilateral relations and explored ways to […]
PUCSL files FR petition against CEB, CBSL, Finance Ministry & Power Minister
The Public Utilities Commission of Sri Lanka – the electricity sector regulator, filed a Fundamental Rights petition in the Supreme Court today (1st April 2022) naming the following Respondents; the Ministry of Finance, the Minister of Power and Energy, Monetary Board, Governor of the Central Bank, the Electricity Board and all other stakeholders of government […]
SLIBTEC, USAID to establish SL’s first ‘Biotechnology Innovation Park’
The Sri Lanka Institute of Biotechnology (SLIBTEC) will collaborate with the U. S. Government’s development arm, the U. S. Agency for International Development (USAID), to promote innovation in the biotechnology sector by establishing Sri Lanka’s first Biotechnology Innovation Park. The SLIBTEC Biotechnology Innovation Park will be a 13.2-acre facility in Pitipana, Homogama that will house […]
Revenue from export of minor crops last year USD 450Mn: Plantation to report USD 600Mn
Plantation Minister Dr. Ramesh Pathirana says the country earned US 450 million dollars from the exportation of minor export crops including cinnamon, pepper and cardamom. He also said that the plantation sector is expected to earn around US $ 600 million this year. He was speaking at the opening of the Spice House and the […]
NDB’s Privilege Partners with Quintessentially to Provide Exclusive Concierge Services
CAPTION: Nadie Fernando – NDB Chief Manager Product Development, Gihan Punchihewa – NDB Head of Privilege and Privilege Select Banking, Zeyan Hameed – NDB Vice President Branch Network Management and Product Development, Romesh Savanghan – Quintessentially General Manager Sri Lanka & The Maldives, Dinuk Ratnayake, Head of Operations at Quintessentially and Avanti Bandara – NDB Senior Manager, Legal NDB […]
SriLankan Airlines suspends flights to Moscow
SriLankan Airlines announces the suspension of operations between Sri Lanka and Moscow, Russia with effect from today due to operational restrictions that are outside of the airline’s control. The restrictions are in the form of international financial and aircraft insurance limits which have been imposed on Russia due to the ongoing Russia-Ukraine war, and directly […]
LAN channels Rs.150Mn into tech startups: Currently evaluating 5-10 startups
Sri Lanka’s first Angel Fund has, to date, channelled investments up to Rs. 150 Million cumulatively into four home-grown startups – Niftron, Magicbit, Mintpay & Chakra Suthra – while also helping these companies scale and access new markets both at home and abroad. “Since August 2020, our team has evaluated over 400 startups from across […]
US Under Sec for Political Affairs promises assistance to develop cyber & information technology sectors
The Under Secretary of State for Political Affairs Victoria Nuland called on President Gotabaya Rajapaksa at the Presidential Secretariat, Wednesday. The President briefed Ms. Nuland on the issues raised at the All-Party Conference this morning, its progress, and the discussion to be held with the Tamil National Alliance on Friday. Appreciating these efforts, the Under […]
CA Sri Lanka launches exclusive global credential for finance professionals to fight fraud
In a ground-breaking initiative aimed at combatting fraud and corruption, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) joined hands with the US-based Association of Certified Fraud Examiners (ACFE) to launch an exclusive global credential for finance professionals in Sri Lanka. The Certified Fraud Examiner qualification, recognised globally as the most contemporary […]
Interview: Resilience, creativity and talent will make Sri Lankan apparel thrive globally
Sri Lanka’s apparel sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides direct employment to 350,000 workers and an additional 700,000 Sri Lankans receive livelihood opportunities as part of the larger supply chain.Sharad Amalean, Chairman of the Joint Apparel Association Forum (JAAF), talks about JAAF’s […]