Teejay first Sri Lankan company to become US Cotton Trust Protocol Member
The U.S. Cotton Trust Protocol welcomes Sri Lankan textile manufacturer Teejay Lanka and its wholly-owned subsidiary Teejay India as new members. Teejay is the …
Industry
Opinion: Plastic waste, a goldmine when responsibly disposed and managed
By Mangala Bandara, director of ‘Go Recycling Hub.’ Most developing countries across the globe face the issue of proper waste management, and Sri Lanka is …
Event Management Ass. calls for enforcement of COVID-19 safety for functions
Following the easing of Covid-19 restrictions in Colombo, the Event Management Association (EMA) issued comprehensive guidelines for hosting COVID-safe events …
Cleanup operation of oil spill at Hambantota International Port completed
The minor oil spill that occurred during bunkering at the Hambantota International Port (HIP) has been cleaned up by the Emergency Response Unit of the port. …
ICEES partners Toyota Engineering Corporation to bring true Lean capability to Sri Lanka
Innovation Centre for Enterprise Excellence Solutions (ICEES Global) recently partnered with Toyota Engineering Corporation (TEC) in Japan to bring world …
CEAT inflates radial tyre production to 600,000 units a year
CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment …
Oil spillage reported in Hambantota International Port
An oil spill has occurred at the Hambantota Port at approximately 6 pm on Sunday, 11 July 2021. The incident has occurred whilst a bunkering barge was …
ACL Cables completes fourth ‘ACL SAX’ conductor installation project
ACL Cables PLC, Sri Lanka’s No.1 cable manufacturer recently completed another significant milestone with the installation of its fourth ‘ACL SAX’ …
Hambantota International Port’s cargo handling volume increases amidst pandemic
As 2021 hits its halfway mark, the Hambantota International Port (HIP) records an overall growth in its volumes and diversification of services. The port’s …
SL Retailers’ Association urges for relief measures from PM
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister …
SriLankan Airlines to resume flights to Moscow
SriLankan Airlines the National Carrier of Sri Lanka and a member of the oneworld alliance resumes flights to the Russian capital, Moscow. SriLankan’s …
Fitch Assigns Sri Lanka’s Ceat Kelani First Time ‘AA+(lka)’ National Rating
Fitch Ratings has assigned Ceat Kelani Holdings Pvt Limited (CKH) a National Long-Term Rating of ‘AA+(lka)’. The Outlook is Stable. CKH’s …
Shangri-La appoints JLL as exclusive leasing agent for One Galle Face Tower
In a first for the commercial real estate industry in Sri Lanka, the Shangri-La Group — one of the world’s premier developers, owners and operators of …
PUCSL signs MOU with USAID’s youth employment and entrepreneurship project
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth …
Rising interest rates; a lifeline for life insurers: First Capital Research
Life Insurers are expected to benefit from rising interest rates due to the higher investment returns as asset allocation in Life Insurance is skewed towards …
Support Measures Ease Pressure on Sri Lankan Banks’ Credit Profiles: Fitch Ratings
Sri Lankan banks’ performance in 2020 and 1Q21 exceeded Fitch Ratings’ initial expectations, thanks to stimulus and regulatory relief measures. …
Dialog Axiata Launches Milestone 4,000th Network Tower in Thihawa
Reiterating its commitment to expanding connectivity to every corner of the nation, Dialog Axiata PLC, the widest network in Sri Lanka, launched its 4,000th …
Large Sri Lankan Banks Most Exposed to Sovereign Risk: Fitch Ratings
Sri Lanka’s largest banks are the most susceptible to heightened sovereign risk due to their higher exposure to foreign-currency denominated government …
VIDEO: Windows 11 | Microsoft CEO Satya Nadella on the New ‘Start’ of the PC
Windows 11, due out later this year, is full of new features, including a new Start menu that’s been moved to the center and a Microsoft Store with …
NDB Secures USD75Mn from the United States Development Finance Corporation
NDB Bank disclosed that they have secured a long term funding line of USD75Mn from the Development Finance Corporation of the United States to further the …