Category: Industry
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any disruption to the lives of the people. The President said that despite the current situation, the country’s economy could not be allowed to collapse and that the contribution of all stakeholders was needed to overcome […]
”; outlook stable
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of Sri Lanka-based life insurer, HNB Assurance PLC (HNBA), and its fully owned non-life subsidiary, HNB General Insurance Limited (HNBGI), to ‘A+(lka)’, from ‘A(lka)’. The Outlooks are Stable. KEY RATING DRIVERS The upgrade reflects the insurers’ improved capital position, as measured by strong regulatory […]
President instructs to tow ‘X-PRESS PEARL’ vessel into deep seas
Sri Lanka’s President Gotabaya Rajapaksa has instructed officials a short while ago to tow the X-PRESS PEARL container ship into deep seas off the Colombo Harbour. The decision comes following a meeting with high level officials and the President. Minister of Ports and Shipping Rohitha Abeygunawardena Tuesday informed the President of all details surrounding the […]
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The Commission is Chaired by Gamini Marapana PC and the other members of the Commission are, 01- Secretary to the Treasury, S. R. Attygalle 02- Water Supply Ministry Secretary Dr. Priyath Bandu Wickrama 03- Former Board […]
MV X-Press Pearl: Draught remains steady & no trim observes; SLPA clarifies its position
Indian High Commission in Sri Lanka says that relentless efforts by the teams from India and Sri Lanka are matched by incremental results as the draught of MV X-Press Pearl remains steady and no list or trim is observed. Meanwhile, the Sri Lanka Ports Authority releasing a statement clarified its position regarding the sudden fire […]
Second stock of Sinopharm added to vaccination drive from today
President Gotabaya Rajapaksa has instructed that the second stock of 500,000 Sinopharm vaccine doses received as a gift from the Chinese Government, be used in the vaccination drive from today (26). Accordingly, plans have been made to distribute the vaccines among several districts based on priorities recommended by the health sector. The SriLankan Airlines flight […]
JKH group revenue up by 17-pct excluding Leisure in Q4
• The Group witnessed a faster than anticipated recovery momentum with the performance of most businesses reaching pre COVID-19 levels with business activity and consumer trends being near normal by the end of the financial year. • Excluding Leisure, Group revenue increased by 17% to Rs.36.15 billion in Q4; up 1% to Rs.122.32 billion in […]
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 […]