Category: Industry
Foreign Ministry to open a Regional Consular Office in Kandy
Under the guidance of the Foreign Minister, Dinesh Gunawardena, to give impetus to the National Policy Framework of the Government, by enhancing the efficiency and effectiveness of service delivery to the public, the Foreign Ministry will open a Regional Consular Office in Kandy on Saturday, 06 February 2021 at 2.00 p.m. The Regional Consular Office […]
Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this […]
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. 5,832 Million & Rs. 330 Million in the previous year during the similar period. The Company reported a growth of 2% in revenue with 110% growth in PAT. […]
Sampath Bank to raise Rs. 6Bn in listed debentures
Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of Basel III compliant debentures which will be quoted on the Colombo Stock Exchange. The bank said in a stock exchange filing that they intend to sell 50 million Tier 2, listed, unsecured, subordinated debentures at 100 rupees each […]
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent. As per the Statistics Department, Year on Year inflation of both the Food Group and […]
Cabinet approves developing West Terminal as public-private partnership with India, Japan
The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a public-private partnership and return it within 35 years together with the government of India and the government of Japan nominated parties and the Sri Lanka Ports Authority. […]
BOI, CSE & CCC to organize first-ever virtual investor forum to attract foreign investment
The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organize a first-of-its-kind virtual investment forum to collectively promote direct and equity investment opportunities in Sri Lanka on 6th 7th and 8th April 2021. The event is expected to attract investment interest from around […]
Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union Assurance PLC was awarded among the 10 Best Integrated Reports at the 2020 CMA Excellence in Integrated Reporting Awards, organized by the Institute of Certified Management Accountants of Sri Lanka. The Awards are based on a […]
Cinnamon Life secures Certificate of Conformity for project’s office and ‘The Suites’ residential towers
Cinnamon Life, Sri Lanka’s largest mixed development, announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers. Notably, the pace and the progress of the Cinnamon Life project continued to gain momentum, despite the challenges of the ongoing […]
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) – On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to remunerate workers up to 1108 repees a day. The revised proposal was a result of a settlement, negotiated with the assent of the Minister. However, trade unions are still to […]
Services of Sri Lanka Ports Authority gazetted as an essential public service
Secretary to the President P B Jayasundera, by order of the President, has issued an extraordinary gazette declaring the services done by or in connection with the Sri Lanka Ports Authority to be an essential public service. Accordingly, all services, work or labour of any description necessary or required to be done by or in […]