Category: Industry
Virtusa expands Sri Lanka HQ to accommodate growing team
Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company’s growing headcount. The opening of the new space was graced by Chief Technology Officer (CTO) of Virtusa Corporation Ram Meenakshisundaram, Senior Vice President – Human Resources Rahul Sahay, alongside Virtusa Sri […]
Sri Lanka and UK to convene strategic dialogue on 18 April in London
Foreign Secretary Aruni Wijewardane will participate in the inaugural UK-Sri Lanka Strategic Dialogue at Foreign Secretary level on 18 April 2023 at the Foreign Commonwealth and Development Office (FCDO) in London. UK Minister of State in the FCDO Anne Marie Trevelyan will open the dialogue, which will be conducted with the participation of Sir Philip Barton, Permanent Undersecretary of […]
US Department of Transportation officials meet SLPA Chairman
The Chairman of Sri Lanka Ports Authority (SLPA) Keith Bernard met officials from the U.S. Department of Transportation on 6/04/2023 at the Chairman’s office at HQ Colombo. Officials of the U.S. Department of Transportation discussed further collaboration between the U.S Department of Transportation and SLPA. The Chairman of SLPA Bernard at the discussions updated the […]
Visa applications from Sri Lanka touched 68-pct of pre-pandemic volumes in 2022: VFS Global
Visa applications from Sri Lanka in 2022 witnessed significant recovery driven by pent-up demand, opening of international borders, and eased COVID protocols. According to VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, visa applications from Sri Lanka in 2022 reached 68% of the pre-pandemic levels (2019). In comparison […]
CEB acquires 163 MW power plant from Sojitz Kelanitissa
Ceylon Electricity Board has acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited. The acquiring process was initiated in the latter part of the year 2022, in accordance with the terms and conditions of the Power Purchase Agreement (PPA). Under the GOSL policy framework, CEB signed the PPA […]
Ceylon Chamber advises govt to set transparent processes to facilitate divestiture of non-strategic assets
The Ceylon Chamber advises the government to set in place transparent processes and governance structures that will facilitate the divestiture of non-strategic commercial assets/stakes, as well as encourage investment in strategic assets such as the Hambantota oil refinery. Releasing a statement, the chamber said that it would also complement the IMF’s engagement with the Government […]
Fuel quota increased from midnight today
President Ranil Wickremesinghe has directed the government to take steps to increase the existing fuel quota from midnight today (04) for the New Year festive season. As previously planned, the Ceylon Petroleum Corporation has ordered and received the required stocks for the increasing fuel requirement for the festival season. Accordingly, the fuel quota for passenger […]
Sri Lanka tourist arrivals up in Feb 2023
Tourist arrivals increased in February 2023 to 107,639, compared to 102,545 arrivals recorded in January 2023 and 96,507 recorded in February 2022, data from the Central Bank of Sri Lanka shows. Russia, India, the United Kingdom, Germany, and France remained the main source countries for tourist arrivals in February 2023. Earnings from tourism in the […]
Dutch companies exploring investment opportunities in renewable energy and sustainable agriculture: Envoy
The Dutch companies are eager to explore investment opportunities in renewable energy, eco-labeling and sustainable agriculture, if Sri Lanka can showcase a corruption free business environment, Her Excellency Bonnie Horbach, Ambassador to the Kingdom of the Netherlands in Sri Lanka stated at a meeting with the leadership of the Ceylon Chamber of Commerce, during Her […]
PickMe reduces prices further on their km rate
PickMe says it will continue to be market leaders in prices in the taxi-hailing market with them further bringing down the charge per kilometre to Rs.68. “The current slashing of petrol prices by CPC will be passed down to the passenger and we will continue to give value to the driver who works in the […]
ITC meets Min of Trade to present e certificate of origin system for SL exporters
Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the International Trade Centre (ITC) team, led by Ms. Raghad Altalli, Programme Manager and Trade Facilitation Advisor. The new eCoO system, implemented by the Department of Commerce (DoC), is a fully digital solution […]
ComBank launches LankaPay cards in Sri Lanka
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and debit card with international acceptance. This National Card Scheme is an initiative implemented by LankaPay in partnership JCB International Co. Ltd, the Japan-based international card, with over 150 million cardholders […]