Category: Other
Presidential Subsidy Initiative Supports Farmers and Fishermen
President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy farmers for the Maha season of 2024/25. According to this initiative, the fertilizer subsidy, which was previously set at Rs. 15,000 per hectare, will be increased to Rs. 25,000. This enhanced subsidy will take effect starting […]
Planters’ Association of Ceylon welcomes new President : Calls for collaborative efforts to transform sector
The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9 th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry […]
” National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based Bogawantalawa Tea Estates PLC a first-time National Long-Term Rating of ‘A(lka)’ with a Stable Outlook. Fitch has also assigned Bogawantalawa’s outstanding senior unsecured debentures a National Long-Term Rating of ‘A(lka)’. Bogawantalawa’s ratings are driven by the long-term structural decline at Sri Lankan tea plantations amid regulatory overhang on costs, […]
CA Sri Lanka signs MOU with University of Ruhuna
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the University of Ruhuna signed a Memorandum of Understanding (MoU) recently aimed at enhancing seamless collaborative efforts for professional education of university students. The primary objective of this MOU is to improve collaborations between CA Sri Lanka and the University of Ruhuna to allow […]
CCC and FCCISL Extend Congratulations to the New President
Ceylon Chamber Congratulates New President The Ceylon Chamber of Commerce wishes to congratulate President Anura Kumara Dissanayake on being elected the 9th President of Sri Lanka. We call for all parties to continue to respect the outcome of the election in a peaceful manner without disturbing the normalcy of the public, demonstrating our respect towards […]
ComBank commences planting 10,000 trees in Kilinochchi and Jaffna districts
The Commercial Bank of Ceylon has embarked on a project to plant 10,000 trees in the northern districts of Jaffna and Kilinochchi as part of the Bank’s country-wide effort to promote sustainability. The trees are to be planted on 600 acres of land owned by the University of Jaffna in Kilinochchi and Jaffna, and on […]
University of Jaffna – 50 Years of challenges, resilience and excellence! My memories!
By Dr. Kingsley Bernard The University of Jaffna, located in the Northern Province of Sri Lanka, has a rich and complex history deeply intertwined with the region’s cultural, social, and political landscape. The University of Jaffna was officially established on 6th October, 1974, as the sixth campus of the University of Sri Lanka, under the […]
TISL Challenges the Companies (Amendment) Bill
Transparency International Sri Lanka (TISL) filed legal action on Friday the 13th of September in the Supreme Court challenging the Bill issued on 06th August 2024 to amend the Companies Act No. 07 of 2007. The amendment introduced a much-needed anti-corruption tool to Sri Lanka’s legal framework – a Beneficial Ownership register. A publicly accessible […]
Mirai Consulting Group Explores Investment Opportunities in Sri Lanka
A high-level delegation from Mirai Consulting Group, Japan, recently visited Sri Lanka to explore potential investment opportunities in various sectors. The delegation, led by Okada Atsushi, COO of Mirai Consulting Group, met with the EDB Chairman at the EDB headquarters. The purpose of the visit was to identify industries that aligned with the investment interests […]
EDB and KPMG Sri Lanka collaborated to create awareness on new EU Regulations for ESG Factors
Export Development Board (EDB) and KPMG Sri Lanka jointly organized a knowledge-sharing session on the new European Union (EU) regulations concerning Environmental, Social, and Governance (ESG) factors on 11th September 2024. The session took place at the auditorium of the Postgraduate Institute of Management (PIM), with around 200 Sri Lankan export companies. The European Union […]
EDB & Moratuwa University Collaborate to Enhance Engineering Excellence of Entrepreneurs through MoU
The Sri Lanka Export Development Board (EDB) has established a partnership with the Engineering Faculty of the University of Moratuwa by signing a Memorandum of Understanding to enhance collaboration between the Academia and the Entrepreneurs of construction, power and energy, and engineering services in Sri Lanka. The collaboration aims to support the Research and Development […]
Baurs holds insightful expert session on sustainable nitrogen management for agriculture
The urgent need for sustainable nitrogen management has never been more critical for Sri Lanka, as highlighted by recent findings on the environmental and economic impacts of nitrogen use in agriculture, stressed an insightful technical session on Super Urea, held by A. Baur & Co. (Pvt) Ltd, also known as Baurs, a name synonymous with […]