Category: Industry
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer Hayleys Fabric partnered with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba to champion the protection of habitats connected to tributaries of the Bentota River. The Rs. 1.5 million initiative aims to stabilise the […]
PRCA APAC findings shed light to the state of the PR industry in Sri Lanka
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, carried out a survey during October with the view of understanding and informing on the state of the PR industry in Sri Lanka. The survey was carried out among 33 leaders and senior executives from over local […]
Sri Lanka to seek eligibility for IDA loans while remaining as a middle-income country: PMD
The government stated that Sri Lanka will remain a middle-income country and pursue a “reverse graduation” policy for a limited period of time. Releasing a press release, the President’s Media Division said that the Cabinet-approved proposal will only be intended to request the World Bank to grant the country eligibility to obtain loans offered by […]
Ceylon Chamber to Host Sri Lanka Economic Summit 2022
As Sri Lanka begins the monumental task of laying the groundwork for economic revival, the Sri Lanka Economic Summit (SLES) 2022 organised by the Ceylon Chamber of Commerce, will kick-start the conversation on the work that lies ahead, under the theme ‘Resetting from Turmoil to Opportunity’, on December 5th and 6th at the Shangri-La, Colombo. […]
Fitch Ratings: What Is the Outlook for Tourism in Asia
The international tourism recovery in APAC has generally been trailing the rest of the world, due in part to more cautious easing of border restrictions and China’s stringent controls on cross-border travel. Fitch expects the recovery will gain greater traction and turn increasingly broad-based in 2023, underpinned by pent-up demand for travel, stepped-up reopening efforts […]
‘s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with environmentally damaging products and services increase, it is expected that purchasing and investing in green alternatives will become the norm. This has led to the undertaking of initiatives to mitigate the negative impacts […]
Dialog in Partnership with Sampath Bank Launches Tourist Fuel Pass; Unrestricted Access to Fuel for Tourists
Dialog Axiata PLC on the invitation of Ministry of Power and Energy and Ministry of Tourism partnered Sampath Bank PLC, to launch the Tourist Fuel Pass (TFP) that would enable tourists visiting Sri Lanka to obtain fuel without the standard quota restrictions. The TFP is a NFC-based stored value card that can be purchased on […]
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively. In arriving at this […]
Bileeta Partners with USAID CATALYZE Sri Lanka Private Sector Development (PSD) to offer tech support to SMEs
Bileeta, one of Sri Lanka’s top ERP (Enterprise Resource Planning) solutions providers, has joined hands with USAID CATALYZE Sri Lanka Private Sector Development (PSD), to provide cutting-edge ERP solutions to eligible SME customers, through a special grant programme. These solutions will be provided in collaboration with and through partnerships facilitated by PSD with financial institutions, […]
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their very inception- the location. More often than not, businesses in these fields which start operations in their respective nations look into expanding into international markets to set up base, to further […]
Real-estate still a good long-term investment: Report
Research Intelligence Unit, a consultancy firm specializing in real-estate says the sector will continue to be a good long-term investment while the current socio-economic crisis has impacted the industry adversely. “What we have witnessed in 2022 is that real estate continues to offer a long-term refuge for many investors while the ‘buy-to-live’ market continues to […]
Exporters pessimistic over outlook on economy and export orders, SMEs more vulnerable to crisis: Report
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri Lankan economy in the latter half of 2022 on export orders, with SMEs particularly vulnerable to the intensifying economic crisis. The third in a series of surveys conducted by the Ceylon Chamber of […]