United States commits USD 150Mn to support small businesses & empower Sri Lankan women

The United States continues to support small businesses in Sri Lanka as they work to overcome the economic challenges posed by the pandemic. The U.S. International Development Finance Corporation (DFC) awarded USD 150 million in funding to Sri Lanka’s DFCC Bank to bolster the local small and medium-sized enterprise (SME) sector, strengthen private sector investment, […]

Former CEA Director General Muthukuda Arachchi joins H2O1 Board of Directors

July 2021 H2O One Pvt Ltd (H2O1) has announced that Mr. Muthukuda Arachchi the former Director General of Central Environmental Authority (CEA) has joined the board of Directors of H2O1. Muthukuda Arachchi is a highly experienced senior scientist counting over 30 years of experience in the industry. In addition to serving as the Director General […]

PUCSL signs MOU with USAID’s youth employment and entrepreneurship project

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth employment and entrepreneurship project, YouLead recently providing professional qualification to 45,000 electricians. This initiative aims to channel joint efforts to support and upskill Sri Lankan youth in the electricity sector, and to encourage entrepreneurship […]

Sri Lanka Gets First Batch of World Bank-financed COVID-19 Vaccines

A consignment of Pfizer vaccines today arrived in Colombo, the first batch of 800,000 doses to be delivered in the next few weeks. A total of five million vaccines financed through the World Bank’s Sri Lanka COVID-19 Emergency Response and Health System Preparedness Project will be supplied by December 2021. “The delivery of this first […]

Vish Govindasamy elected as Chairman of Ceylon Chamber of Commerce

The Ceylon Chamber of Commerce elected Mr. Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). Mr. Govindasamy succeeds Dr. Hans Wijayasuriya who completed his 2-Year Term as Chairman at the culmination of the Annual General Meeting. Mr. Vish Govindasamy serves in the capacity of Managing Director of Sunshine Holdings PLC, […]

South Asia Must Reform State-Owned Banks & Enterprises to Avert Next Financial Crisis: WB

South Asia’s heavy reliance on state-owned commercial banks, state-owned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable levels of debt, according to a new World Bank report, Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia, released today. South Asia is more exposed to the risk […]

Post-Pandemic future; jobs in the pharma industry are evolving

By Sri Lanka Chamber of the Pharmaceutical Industry  Pharmaceutical companies are witnessing changes in operations across the board, and events brought about by the pandemic have compelled pharmaceutical companies to reimagine the role of its medical pharmaceutical representatives, to better adapt to the new rules of engagement. In Sri Lanka, there are currently over 3500 […]

Opinion: Positive happenings in Sri Lanka in 2021

By Asela Atukorala Sri Lanka is unfortunately in a sad state right now with its biggest problem being the third wave of the COVID-19 pandemic. There is also the X-Press Pearl ship tragedy which is causing a serious marine environmental disaster as well as the floods and landslides. As a comfort to these difficult times, […]

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