Category: Other
French Government Supports Rubber Cultivation Development
Dr. Ramesh Pathirana, Minister of Plantation and the French Ambassador to Sri Lanka EH Eric Lavertu visited the Rubber Research Institute at the Darting Field Estate, Agalawatta on the 25th. The purpose of this visit was to explore the preparations for the pilot project to strengthen the economy of small rubber plantation owners in Sri […]
Indonesia pledges to strengthen palm oil smallholders
A special meeting was held on the 11th of January 2022 between the Palm Oil Association of Sri Lanka (POIASL) and Her Excellency, Dewi Gustina Tobing, Indonesia’s recently-appointed Ambassador to Sri Lanka. The present role of, and challenges faced by, the oil palm industry in Sri Lanka were discussed at the meeting, with the intention […]
Sanjaya Bandara ceremoniously inducted as 26th President of CA Sri Lanka
A leading figure in the Sri Lankan accounting fraternity, Sanjaya Bandara was ceremoniously inducted as the 26th President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Monday, 24th January 2022 at a gala event held at the Shangri-La Hotel, Colombo. He was formally inducted by the outgoing President of CA […]
Foreign Minister discusses range of projects with Korean Speaker
Foreign Minister Prof. G.L. Peiris hosted a Lunch on 20 January, 2022 in honour of the visiting Korean Delegation headed by the Speaker of the National Assembly of the Republic of Korea, Park Byeong-Seug. During the lunch, the two sides held detailed discussions on ways and means to further enhance bilateral cooperation between Korea and Sri Lanka. Extending the Government’s deep appreciation […]
Women in Management, IFC and Government of Australia recognise inspiring women from Sri Lanka and Maldives
The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia – recently honoured inspiring professional and career women in Sri Lanka and Maldives making a mark in their respective fields. The 11th edition of the […]
Term of Small Tea & Rubber Estate Revitalization Loan Program extended
A rural finance program has been implemented during the period 2019-2021 for revenue generation and market diversification of targeted beneficiaries under the Small Tea and Rubber Estate Revitalization Project funded by the International Monetary Fund for Agricultural Development. Due to the Covid 19 epidemic situation, the project has not been able to achieve the expected […]
Leading German importer urges agri-product exporters to practice superior packaging to capture European markets
Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe. “If you package your product well, include a QR code (incorporating extensive details such as the farmer who […]
Gravely concerned about looming economic crisis in Sri Lanka: Bar Association
The Bar Association of Sri Lanka (BASL) calls upon the government to seek the assistance of acknowledged independent and non-partisan experts both domestically and internationally and also of multilateral institutions that have a proven record of providing resources financially as well as in the form of technical expertise that will enable sustainable solutions to the […]
Fitch Ratings Now Forecasts Two Fed Rate Hikes This Year, Four in 2023
Fitch Ratings expects the Fed to raise rates twice in 2022 and four times in 2023, taking the Fed funds rate (upper bound) to 1.75% by end-2023 from 0.25% currently. Fitch’s updated US interest rate forecasts reflect the major pivot by the Fed at its policy meeting on 14-15 December 2021, prompted by evidence that […]
SIR PONNAMBALAM ARUNACHALAM (1853-1924)
On the 98th Death Anniversary which falls on January 9, 2022 Compiled by Sega Nagendra and Suresh Murugaser, great grandchildren of Sir P. Arunachalam FAMILY Ponnambalam Arunachalam was the youngest Son of Gate Mudaliyar A. Ponnambalam. He was born on September 14, 1853, to a highly respected and a well-educated professional family originally from Manipay, […]
Advisory Council appointed for Automobile Assembling & Components Manufacturing Industries
Minister of Industries, Wimal Weerawansha recently appointed the chairman and members of the Advisory Council of the Automobile Assembling and Automobile Components Manufacturing Industries in Sri Lanka. The appointments were made as part of the programme to focus greater attention on the twenty industries coming under the purview of the Ministry. The council consists of […]
Kotmale becomes first dairy company to complete a carbon footprint verification
Kotmale Dairy Products and Cargills Quality Dairies, subsidiaries of Cargills, have become the first dairy companies in Sri Lanka to complete a carbon footprint verification. The verifications are conducted by the Sri Lanka Climate Fund under the purview of the Ministry of Environment. Both companies undertook a voluntary assessment of their carbon footprint and have […]