Category: Industry
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 […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings has affirmed the National Long-Term Rating on Sri Lanka-based telecoms company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Mobile-Market Leader: Dialog’s Standalone Credit Profile (SCP) of ‘aaa(lka)’ is underpinned by its market leadership in the expanding mobile and pay-TV segments. We believe Dialog will continue to gain revenue […]
Finance Minister proposes to appoint mediator for property auctions of banks
Prime Minister and Minister of Finance, Mahinda Rajapaksa emphasizes the need to appoint an authorized person to look into the process of property auctions carried out by the banks due to defaults. The Prime Minister pointed out that it is essential to look into the reason for the auction and the financial history of the borrower before the auction. The premier has pointed out the need […]
Concessionary leasing scheme for passenger transport sector
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services, the Central Bank has requested financial institutions to provide concessions for lease facilities obtained by such businesses and individuals for six months or a shorter period, as applicable, commencing from 1 April 2021. The eligible borrowers are businesses and individuals […]
Web development trends that will dominate in 2021.
As consumer demands change with the times, the digital pathways we embark on also evolve to accommodate these shifting needs. Web development has been at the forefront of establishing powerful digital presences that make many experiences possible at one’s fingertips. From shopping to research, much is possible. Therefore, it makes sense to understand the technologies […]