Category: Industry
‘s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and resilience in the post-debt restructuring and post-IMF bailout era is vitally important for permanent revival from the current economic crisis, Central Bank of Sri Lanka releasing its 2022 annual report said. The […]
Seylan Bank appoints Ramesh Jayasekara as Director/CEO
Seylan Bank has announced the appointment of Ramesh Jayasekara as its new Director/Chief Executive Officer, effective from 1 May 2023. Having joined Seylan Bank in 2011 as Chief Financial Officer, Ramesh was later appointed Chief Risk Officer in 2016 and assumed the role of Deputy General Manager – Corporate Banking from 2018 until 2019. He was […]
HC Moragoda meets IndiGo co-founder Bhatia to discuss enhancing air connectivity between SL and India
Continuing his discussions with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with IndiGo airline’s co-founder and Managing Director Rahul Bhatia on 26 April in New Delhi. This was a follow-up to the meeting that they had in December last year. The discussion between High Commissioner Moragoda and Bhatia was centred […]
‘ “Cleaner Seabeds for Sri lanka” Expedition
Earlier this month, Plasticcycle, the social entrepreneurship project of the John Keells Group, entered into an agreement with The Pearl Protectors, a youth-led marine conservation organization that works to protect marine life and the ocean ecosystem in Sri Lanka, to partner on a project to remove underwater marine litter from sensitive marine ecosystems and reefs […]
Dipped Products launches new venture into high-tech sports gloves for EU & US
Producing specialised gloves for leading global brands across 10 sports Eco-friendly facility fulfils requirements for platinum LEED certification Up to 60% of raw materials sourced locally including recycled PET fabrics Global pioneers in sustainable integrated glove manufacturing, Dipped Products PLC (DPL), a subsidiary of the Hayleys Group, commenced commercial operations at its state-of-the-art […]
China Merchants Group Chairman in SL; assures further investments into CICT & Hambantota Intl Port
The highest ranking official from the China Merchants Group (CMG) visited the Hambantota International Port on an inspection tour of the facility last week. Chairman Miao Jianmin was welcomed by Johnson Liu, CEO of Hambantota International Port Group (HIPG) and staff of the port. CMG is the parent company of CMPort which has a public […]
Eighth Power, Energy & Construction Expo in July 2023
The Power, Energy & Construction Expo is set to take place from 7th – 9th of July 2023 at BMICH Exhibition Centre, Colombo. The expo will showcase the latest developments and innovations in the power, energy, and construction industries. This event is organized by Lanka Exhibition & Conference Services (Pvt) Ltd (LECS), a presidential award-winning […]
Sri Lanka to build South Asia’s largest logistics complex in Port of Colombo
Sri Lanka’s aspiration to become a major logistics hub in the region took a giant leap forward today with the launch of a project to build the largest commercial and logistics complex in South Asia in the Port of Colombo with an investment of US $ 392 million. Agreements for the construction and operation of […]
Opportune time for foreigners to invest in an apartment: RIUNIT
The Research Intelligence Units suburban apartment price index for February reveals that the apartment prices are continuing to decline in USD terms making it an opportune time for foreign investors. However, this is not the case when the prices are calculated in LKR terms, RIUNIT says.According to the latest RIUNIT data, suburban average apartment price […]
Plans underway to remove the lubricant levy to paralise the regulator: PUCSL Chair
The Ministry of Power and Energy has proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of Lubricant market without providing a proper justification, to parallelize the independency of the Commission, Janaka Ratnayake, PUCSL Chairman said. The Commission has been regulating the lubricant market for 17 […]
Sri Lanka – Canada biz council of CCC hosts interactive evening with Canadian HC
The Sri Lanka – Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce hosted an interactive evening with His Excellency Eric Walsh, High Commissioner of Canada to Sri Lanka and Maldives. Organized in collaboration with the High Commission of Canada to Sri Lanka and Maldives, the event was attended by senior officials of the […]
Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri Lanka’s healthcare system. Suwa Seriya is a pioneering ambulance service launched by the Government of Sri Lanka to provide swift emergency medical care to those in need, especially in rural and remote areas. […]