Category: Industry
Thilak Piyadigama takes the helm at WEBXPAY
In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama, a veteran with over three decades of experience in banking and technology, as its new Executive Chairman. Piyadigama is set to lead WEBXPAY into a new era of digital payment innovation, with a focus on enhancing financial inclusion and […]
‘s empower board
Maharaja Foods Limited, marked a significant milestone on 26th July 2024, becoming the first woman-owned enterprise in the agribusiness sector with roots in the northern province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE). The Board is dedicated to facilitating efficient global capital raising for small and medium-sized companies […]
Time is running out: JAAF calls on GoSL to urgently reconsider SVAT abolition
With the countdown to the forthcoming abolition of the Simplified Value-Added Tax (SVAT) system ticking down to an end date of 1 st April 2025, the apex body of the Sri Lankan apparel industry, the Joint Apparel Association Forum (JAAF) urged the Government to urgently reconsider its decision in light of growing stresses on the […]
‘s Plantation sector
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years, […]
Ceylon Chamber calls on Government to Revisit Visa strategy
The Ceylon Chamber of Commerce requests the Government to consider all aspects of the new eVisa issuance process and review the pricing in the larger interest of growing the tourism sector. Presently, there is great debate on the cost and process of the new system whereas the focus should be on destination marketing and improving […]
Lower Generation Costs Support CEB’s Tariff Cut; No Immediate Risk to IPP Payments: Fitch Ratings
Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will stay adequate to service debt despite a 22.5% tariff cut from 16 July 2024, Fitch Ratings says. The agency does not expect the latest cut to affect the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). Lower tariffs are supported by falling generation costs from […]
Prime Minister and Ministers Give Green Light to Operationalizing Citra 3.0
The Prime Minister of Sri Lanka, Hon. Dinesh Gunawardena convened a meeting yesterday with the co-chairs of the Citra Social Innovation Lab Governance Board, Mr. Anura Dissanayake, Secretary to the Prime Minister, and Ms. Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) in Sri Lanka, together with Hon. Shehan Semasinghe, State Minister of Finance, […]
Onomichi Dockyard MD Visits HIP to Seal Partnership
The Managing Director of Onomichi Dockyard Company, Japan, and Director of Colombo Dockyard PLC (CDPLC), Kunio Kobatake, recently visited Hambantota International Port (HIP). This visit follows a newly signed agreement between CDPLC and the Hambantota International Port Group (HIPG) to construct a state-of-the-art ship repair workshop at the port. Johnson Liu, Chief Representative of CM […]
‘s New Tech Talent Incubator
By Jekhan Aruliah I know people for whom Rs10k is a lot, and others where Rs1million is not a lot. But for rich and poor one thing is the same. We all have 60 seconds in a minute, 60 minutes in an hour, and God willing 60 years to contribute our efforts. Contribute to our […]
Research Intelligence Unit unveils “‘s Real Estate Opportunity of the Century” at Port City
The Research Intelligence Unit (RIUNIT), an international research and consulting firm with its Asia Headquarters in Colombo, proudly announces the successful launch of its latest initiative, “Asia’s Real Estate Opportunity of the Century,” on July 16th at the prestigious Port City Sales Gallery, Port City. This landmark event opens the doors for local developers and […]
WISTA Sri Lanka hosts global transformation leader Karen Leong as part of 10th anniversary celebrations
WISTA Sri Lanka is pleased to present ‘Charting the Course of Success in a Disruptive World,’ a dynamic event curated for leaders across all sectors, featuring the esteemed global transformation thought leader Karen Leong. The event organized celebrating the 10th Anniversary of WISTA Sri Lanka, is scheduled for August 13th, 2024, at the Oak Room, […]
Sri Lanka on path to establish Environment Management Effectiveness Tracking System
The Presidential Secretariat Support Unit, in collaboration with the Climate Change Office of the Presidential Secretariat and the Ministry of Environment, successfully held the inaugural consultation for the Sri Lankan Environment Management Effectiveness Tracking System (SL EMETS) at the Hilton, Colombo on June 24, 2024. The event brought together key stakeholders, scientists, and policymakers to […]