Category: Other
Economic Outlook 2018 Seminar: Takeaways to Expect
The 2018 Sri Lanka Economic outlook, the first of its kind for this year to feature policymakers, global experts and sector perspectives, is to be held on the 22nd of January at the Ceylon Chamber of Commerce. With Road Map 2018 released by the Central Bank of Sri Lanka (CBSL), setting the stage, this seminar […]
CMPort pays 2nd tranche of USD97.3mn in Hambantota Port investment
China Merchant Port Holdings (CMPort) made the payment of US$ 97.365million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its investment in the Public-Private Partnership (PPP). The payment, recently in January, takes the total paid by CMPort to date to US$ 389.462 million. The final payment is paid within six months […]
CPA comments on Supreme Court decision of Presidents office term
(PRESS RELEASE) – The Centre for Policy Alternatives (CPA) made representations today on behalf of itself and its Executive Director, Dr. Paikiasothy Saravanamuttu, intervening in the reference made by President Maithripala Sirisena to the Supreme Court regarding his term of office as President. On 8 January 2018, media reports indicated that President Sirisena had sought […]
Earl & Countess of Wessex to represent Queen at Sri Lanka independence day
His Royal Highness The Prince Edward, Earl of Wessex, and Her Royal Highness The Countess of Wessex, will visit Sri Lanka from 31 January to 4 February 2018.Their Royal Highnesses will represent Her Majesty The Queen at the 70th anniversary celebration of Sri Lanka’s independence on 4 February.The Earl and Countess will travel to Colombo […]
RCL commences Colombo-Tuticorin new feeder service at JCT
Regional Container Line (RCL) commenced a new twice weekly feeder service connecting Colombo with Tuticorin, the second largest port in Tamil Nadu state, India. MV CHARLIE with the capacity of 1,730 TEUs will be deployed under ‘RCL Tuticorin Colombo’ service (RTC) by RCL. The vessel will shuttle between Colombo / Tuticorin / Colombo and will […]
Sri Lanka lifts ban on sale of liquor to women
Jan 11, 2018 (LBO) – Sri Lanka’s Finace Ministry announced that the government will lift the ban on sale of liquor to women in retails outlets and employment of women in bars. Issuing a statement the ministry said that Minister of Finance Mangala Samaraweera has revoked the prohibition on selling liquor to women and employing women […]
Virtusa’s Smart ATM Recognized at The International Business Awards
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that it has been awarded a Bronze Stevie Award at The 2017 International Business Awards for Best New FinTech Product or Service of the Year for the company’s Smart ATM solution, a unique […]
Hayleys Energy Services completes oil rig offloading project in Trincomalee
Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port Anchorage recently.This deep-water rig is capable of drilling at water depths of up to 3,600 feet and has a drilling depth capacity […]
LVL Energy Fund rings opening bell at Colombo Stock Exchange
LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue. Director/CEO of LVL Energy Fund […]
SLAITO and THASL hail the upcoming promotion plan of Sri Lanka Tourism
(PRESS RELEASE) – In a joint communique, The Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotel Association of Sri Lanka (THASL) appreciated the efforts by Sri Lanka Tourism Promotions Bureau (SLTPB) and Sri Lanka Tourism Development Authority (SLTDA) to expedite the Digital advertising campaign planned for early 2018 and the Global advertising […]
Yahapalanaya responsible for worst debt crisis in Sri Lanka: MR
Third anniversary of incompetent government responsible for the worst debt crisis in Sri Lankan history On 9 January 2018, the so-called yahapalana government completes three years in office. During this short period they have created numerous crises running through virtually every sector in Sri Lanka. The main subject of public discussion today is the bond scam […]
Sri Lanka to build its first ever pharmaceutical manufacturing zone
Jan 08, 2018 (LBO) – State Pharmaceutical Manufacturing Corporation and Pharma Zone Private Limited is to sign an agreement to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka in Welipenna Area of Kalutara district. The Pharma Zone will facilitate the local pharmaceutical manufacturers with sufficient land for manufacturing plants and basic infrastructure […]