Category: Industry
State-of-the-art Petroleum Testing Laboratory at Hambantota International Port
The Hambantota International Port (HIP) will partner Intertek Lanka (Pvt) Ltd to establish a state-of-the-art petroleum testing laboratory which will be unique to Sri Lanka. Through this facility, Intertek will provide innovative and bespoke assurance, testing, inspection and certification services. Johnson Liu, CEO of HIPG says, “HIPG has great potential in energy services due to […]
PUCSL to issue NVQ3 Level certificates to 45,000 electricians in Sri Lanka within two years
The Public Utilities Commission of Sri Lanka (PUCSL) has launched a program to provide National Vocational Qualification (NVQ 3 Level) free of charge to trained electricians island-wide from last March. This project is being carried out in collaboration with the National Vocational Training Authority and the Tertiary and Vocational Education Commission. Accordingly, 2500 electricians covering […]
WindForce to develop Karadiyana Waste to Energy Power Plant
Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant, having signed a Share Sale and Purchase agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquires a controlling stake of 92.5% stake in Fairway Waste Management (Pvt) Ltd. Renowned for introducing […]
Port City Colombo opens gates for investment
Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, today (20th), adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South […]
PET collector’s journey amidst a raging pandemic
How Mahesh creates his livelihood around plastic, impacts of COVID-19 and waste segregation in Sri Lanka The importance of recycling is highlighted globally because waste has a negative effect on the natural environment. In some capacity, recycling also gives society an excellent reason to play a supporting role in keeping our planet clean. Recycling also […]
Teejay reports its highest quarterly revenue since inception
Strong revenue and profit growth in the fourth quarter at both Group and Company level have enabled Teejay Lanka PLC to significantly minimise the impact of the pandemic-affected first quarter on the Group’s full-year results and end 2020-21 on a resilient footing. Sri Lanka’s top textile manufacturer has reported profit before tax of Rs 902.8 […]
Parliament adopts Port City Bill; Project Company invites investors to explore opportunities
CHEC Port City Colombo, the Project Company, invites local and foreign investors to explore the unique investment opportunities now available at Port City Colombo. Port City Colombo, now officially becomes the country’s first service-oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, today adopted the Port City Economic Commission Bill with amendments. Full Statement Port […]
We will refer offers to the principal company for approval: Hemas Pharmaceuticals
Sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt) Ltd says that they will refer all offers other than directly from the manufacturer to the principal company for approval to ensure the importation of quality products. Releasing a statement, the company, however, added that they welcome the request by the Ministry […]
CEAT ranked Sri Lanka’s Most Valuable Brand in ‘Motor’ segment
CEAT, the tyre brand manufactured in Sri Lanka by CEAT Kelani Holdings, has been ranked the most valuable consumer brand in the country’s ‘Motor’ segment in the 2021 Brand Finance rankings, and has moved up five places in the overall list. The world’s leading brand valuation consultancy assigned CEAT a Brand Value of Rs 2,024 […]
SriLankan Airlines signs MOU with Boeing
SriLankan Airlines and Boeing, the leading aerospace company in the USA signed a collaboration MOU in Colombo, Sri Lanka recently. The new agreement would enable both parties to explore airframe maintenance, component maintenance, training, and other commercial opportunities. The signing took place as a hybrid event in the presence of SriLankan Airlines CEO Vipula Gunathilake, […]
FIU imposes Rs. 4 Mn penalties for 1Q 2021 to enforce compliance on Financial Institutions
As the regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Sri Lanka, the Financial Intelligence Unit (FIU) has imposed penalties, totaling to Rs. 4.0 million for the period from 1 January 2021 to 31 March 2021 to enforce compliance on Financial Institutions. Penalties have been imposed mainly on the violations of […]
Dutch partner CSI joins hands with Tropical Green Exports in an investment partnership
Ceasar Sustainable Invest BV, recently announced its partnership with Tropical Green Exports recognizing the potential of the coconut substrate sector as a key economic driver in the North of Sri Lanka. Tropical Green Exports (Private) Limited specializes in manufacturing, supply and distribution of export quality coco peat used in the hydroponics industry and as an […]