Category: Other
Diaspora investment in Mullaitivu, Mullai Milk Processing Industries
By Jekhan Aruliah Mr S.Thavaseelan, known as Seelan, was born in Kayts a town at the Northern end of Jaffna’s Velanai Island. His father, who delivered letters for the Ceylon Post Office, died when Seelan was 4 years old. He left the young family with a government pension which his mother supplemented doing other jobs. […]
“Growing sense of insecurity among people despite years of development growth,” UN report
Global development progress does not automatically lead to a greater sense of security, according to a new United Nations Development Programme (UNDP) report on human security released Thursday. New data and analysis in the report, New Threats to Human Security in the Anthropocene, shows that people’s sense of safety and security is at a low […]
Mitigating COVID impacts on child development outcomes in SL: World Bank
By Chiyo Kanda , World Bank Country Manager for Maldives and Sri Lanka COVID-19 has resulted in the worst health, social and economic crisis of our time. From the loss of life and its impact on communities, to the widespread economic instability and job loss, the devastating impacts of the pandemic are being felt across […]
SL aims to establish FTAs with most Southeast Asian countries, Min Balasuriya
Significant strides in establishing Free Trade Agreements with Bangladesh and the Maldives, together with existing FTAs will pave the way to initiate FTAs with most Southeast Asian countries by next year, enhancing Sri Lanka’s position as an attractive destination for Foreign Direct Investment, State Minister of Regional Cooperation, Hon. Tharaka Balasuriya stated recently. Speaking at […]
Rapid Assessment on Health Care Waste Management handed over to Ministry of Health
In 2019, the National Audit Report on Health Care Waste Management (HCWM) pointed out that health care waste and solid waste management is a major social and environmental challenge in Sri Lanka which needs urgent attention. Working in 170 countries and territories, the United Nations Development Programme (UNDP), is the technical lead of the UN […]
INSEE Cement main supplier to Uma Oya Project
INSEE Cement is Sri Lanka’s leading manufacturer of cement and is the company behind renowned cement brands such as Sanstha and Mahaweli cement. Presently, INSEE Cement is the suppliers of cement to the Uma Oya Multipurpose Development Project in the Uva Province. The project includes the commissioning of a new hydropower station and irrigation infrastructure […]
European Union should press Sri Lanka for repeal of Prevention of Terrorism Act: Human Rights Watch
The Sri Lankan government is using the discredited Prevention of Terrorism Act (PTA) to commit prolonged arbitrary detention and torture, Human Rights Watch said in a report released today. The European Union, other trading partners, and donors, should press for time-bound action to repeal the abusive law and reject the government’s vague pledges of reform. […]
Sunshine Group 9-month revenue up 39-pct driven by Healthcare & Agribusiness sectors
Fueled by strong growth in all business sectors, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported impressive growth in top and bottom-line performances during the first nine months of the current financial year (9MFY22). During this period, the Group posted consolidated revenue of Rs. 24 billion, up by 39% Year-on-Year (YoY).Group’s Profit After […]
Kuwait Dinar 10mn loan for construction & equipping Faculty of Medicine at Moratuwa University
A medical faculty is to be established in University of Moratuwa to support the human capital, social & economic development of Sri Lanka, by improving the quality and access to higher education in Medical Sciences and to address the needs of medical services professionals in the country, In this context, The Kuwait Fund for Arab […]
High Commissioner Moragoda stresses eight thrust areas to elevate SL-India economic relations
High Commissioner of Sri Lanka to India Milinda Moragoda stated that it is critically important to develop eight thrust areas in moving Sri Lanka- India relations from a transactional phase to a strategic phase, in keeping with the fourth pillar of the four pillar-cooperation package announced during the recent visit of the Sri Lankan Finance […]
Q3 performance at JKH Group sees turnaround in Leisure business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant increase of 126 per cent to Rs.9.53 billion during the quarter under review against the comparative period [2020/21 Q3: Rs.4.21 billion]. • The Group’s businesses recorded strong growth in profitability compared to […]
Loops wins big at SLIM DIGIS
Award-winning creative-led integrated marketing agency, Loops Integrated, received 6 recognitions, including a Gold, at the SLIM DIGIS Awards, held on the 25th of January 2022. Loops Integrated received the only Gold DIGI in the Banking and Finance category for Softlogic Invest’s “This Could Be You” campaign, a Silver DIGI in the Performance Marketing category for […]