Category: Industry
CEAT ups radial production by 72,000, exceeding half a million tyres per year
CEAT Kelani Holdings has announced that it has increased production of Passenger Car Radial (PCR/Van) tyres by 72,000 tyres a year, adding 16 per cent to its annual capacity in this category, as part of its expansion plan to support government efforts to conserve foreign exchange through domestic production. This first phase of the planned […]
EXECUTIVE, Sri Lanka’s top-notch business travel partner ties up with onyx hospitality group & Mrs. World
Executive, the premier travel partner of all business travelers to and within Sri Lanka has recently tied up with ONYX Hospitality Group providing luxurious travel convenience to OZO Hotels and Amari Galle. Puneet Dutta, General Manager of Amari Galle – Sri Lanka was excited to share his thoughts on the new partnership. “Exceeding our guest […]
Sampath Bank powers real-time online payments to Inland Revenue Department with LankaPay
Sampath Bank joined hands with LankaClear to become one of the first banks in the country to facilitate real-time online payments to the Inland Revenue Department (IRD). Sampath Bank customers will now be able to make payments to the Inland Revenue Department, 24 x 7 x 365, directly from their savings or current accounts using […]
CCC-Private sector propose alternative to problem of managing flexible packaging waste
The Ceylon Chamber of Commerce (CCC) and industry stakeholders propose an Extended Producer Responsibility (EPR) initiative as a more cohesive alternative to addressing the environmental issues created by flexible packaging in Sri Lanka. The Chamber and the private sector believe that adopting an EPR approach to the issue, instead of banning flexible packaging altogether, would […]
HSBC Colombo Fashion Week Summer edition announces fashion in new environment
HSBC Colombo Fashion Week popularly known as CFW, in its 18th year introduces an important aspect of sustainability which is an urgent need around the world to make Circularity-in-Fashion work. This emphasis is themed as the Week of Circularity. This focus aims to propel the fashion design industry of Sri Lanka to transform itself and […]
Transparency International welcomes SriLankan’s decision to sue airbus
Transparency International Sri Lanka (TISL) welcomes the decision by SriLankan Airlines to sue the company Airbus SE for $ 1 billion damages, loss of reputation, reimbursement of costs and interest. Sri Lankan Airlines has also called for the cancellation of the purchase agreement for four A350-900 Airbus aircraft and the return of the advance payment […]
Increasing production and income only answer to cost of living problem: President
“The only answer to the problem of cost of living is to increase production and income received by the people. Price of imported goods is determined by the world market forces. Their prices could only be regulated by reducing taxes. 17 crops that could be grown locally were identified and they have been barred from […]
Russian top billionaire Andrey Melnichenko visits Port City Colombo
Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo today. He was accompanied by Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya. Melnichenko is a self-made billionaire with major investments in Switzerland based fertilizer giant EuroChem Group and Russia based coal energy company SUEK. He was warmly welcomed by Port City […]
Better childcare opens job opportunities for Sri Lankan women
By Sangeeta Dey , Senior Education Specialist, World Bank & Shobhana Sosale , Senior Education Specialist , World Bank Despite robust growth and reduced poverty, female labor force participation in Sri Lanka remains at a low 36 percent compared to 75 percent for men —and below international standards. This number stands in stark contrast with Sri Lanka’s human capital […]
Kingslake to support GRI’s next phase of growth: Increase rubber exports
Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]
Soft opening of common areas of ALTAIR apartments
ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This breathtaking edifice which has transformed the perception of Colombo from being a dreamy South Asian back water to a pulsating cosmopolitan metropolis is the brainchild of the living legend Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel […]
Cabinet approval to obtain a goods transportation aircraft for Sri Lankan on lease
Cabinet of Ministers has granted approval to a proposal forwarded by the Tourism Minister for obtaining an aircraft for goods transportation on a lease basis to Sri Lankan Aviation Company Limited subject to following the international competitive procurement methodology. The fleet of Sri Lankan Aviation Company Limited is comprised of a large number of economical […]