Category: Industry
Sri Lanka’s First Natural Gas Power Plant Launched by President
President Ranil Wickremesinghe emphasized that the renewable energy sector should become the primary driver of economic growth in Sri Lanka over the next decade, similar to how the garment industry was developed as a key economic sector by the government in 1977. The President highlighted that the government has a strategic plan to transform Sri […]
Fortude Ignite WomenTech internship 2024 empowers future tech leaders
The Fortude WomenTech Internship 2024, which commenced in August2024 following a selection from over 1,400 applications, marked two intense weeks of immersive learning. Aligned with Fortude’s objective of achieving a balanced gender representation by 2027, the Ignite internship program serves as a testament to the company’s commitment to equal opportunities, ensuring growth and development for […]
Sri Lanka Law College Unveils New Digital Platform to Enhance Legal Education
The Sri Lanka Law College successfully launched its new website https://www.sllc.ac.lk/home developed with the support of the European Union-funded ‘Support to Justice Reform (JURE)’ project. This project is jointly implemented by the United Nations Development Programme (UNDP) and UNICEF in Sri Lanka and facilitated by the Ministry of Justice. The website was launched yesterday at […]
MAS Holdings named official clothing partner of the National Paralympic Committee of Sri Lanka
MAS Holdings was announced as the Official Clothing Partner of the National Paralympic Committee of Sri Lanka (NPC) during the official unveiling and handover event on 14th August 2024. As part of this partnership, MAS will provide the Ceremonial kit for all Sri Lankan para-athletes, along with the track, swim, and wheelchair tennis kits for […]
‘s economy
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at […]
Sri Lanka’s Industries call for reduction in water tariffs to boost competitiveness
A collective of trade associations including the Joint Apparel Association Forum (JAAF), the Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL), the European Chamber of Commerce in Sri Lanka (ECCSL), the Exporters Association of Sri Lanka (EASL), the International Chamber of Commerce Sri Lanka (ICCSL), and the National Chamber of Exporters (NCE), […]
Hambantota International Port projects 50-pct growth in 2024
The Hambantota International Port (HIP) has experienced a substantial increase in volumes, with a 40% growth recorded in 2024 to date. The port’s Commercial and Marketing division says the growth is expected to reach 50% by the year end. “The impressive performance and strategic growth of the port in 2024 demonstrate the Hambantota International Port […]
IFC Launches First-of-its-kind Program to Support Financial Institutions in Addressing Financial Abuse
To support financial institutions in addressing financial abuse, IFC today launched ‘Empower Finance’, an 18-month program implemented with support from the Government of Australia. Through this initiative, IFC will convene nine financial institutions across five countries collectively serving more than 30 million customers in Asia and the Pacific and global experts in financial-abuse prevention to […]
Union Bank Unveils Upgraded UBgo Mobile App as Part of Digital Transformation Agenda
Union Bank is excited to announce the launch of the upgraded UBgo mobile app, marking a significant milestone in the bank’s digital transformation agenda. This upgrade is a testament to Union Bank’s commitment to transforming lives through customer-centric digital innovations. The enhanced UBgo app introduces a host of new features designed to offer a more […]
Seylan Bank Relaunches New Factoring Financial Services to Enterprising Businesses
Seylan Bank has expanded their comprehensive suite of financial services with Seylan Factoring, a means for clients to raise funds by trading outstanding trade receivables. Unlike traditional lending, which may consider a broader range of factors and sources for repayment, factoring is primarily dependent on the receivables’ quality and collection for setting up the facility. […]
Solar PV Projects needs an Owner’s Engineer – says EnerGulf
As the solar energy sector experiences rapid expansion, the demand for precision, expertise, and quality assurance has become increasingly critical. EnerGulf, a pioneering renewable energy and energy management consulting firm, emphasizes the importance of involving an Owner’s Engineer (OE) in large-scale solar PV projects, highlighting that having a solar consultant is not just beneficial but […]
CEAT unveils another radial masterpiece in Sri Lanka for high-end SUVs
CEAT Kelani Holdings has reinforced its status as a big-league player in the tyre industry with the launch of a new whopper in the radial segment for high-end SUVs battling Sri Lanka’s roads and tracks. Designed, engineered and tested in the company’s state-of-the-art R&D Centre in Frankfurt, Germany, the CEAT Czar HT (265/65 R 17) […]