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Watch: Shehan Karunatilaka wins the Booker Prize
October 18, 2022 (LBO) – Shehan Karunatilaka has won the Booker Prize, one of most prestigious awards for literature in the world today. He is only the second Sri Lankan who has won the prize in its 53 year history, after world renown author Michael Ondaatje. Both are Old Thomians. After receiving the award from […]
Japan to organize Sri Lanka creditors’ meeting over debt crisis: report
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving the country’s debt crisis, the Japanese Yomiuri Shimbun newspaper reported. The meeting, which will discuss such issues as finding ways to reduce debt payments, aims to curb China’s influence by helping Sri Lanka cope […]
Opinion: “Saving” the Economy
by M. Rizwan Muzzammil The economy is shrinking The economy can be likened to a train engine pulling carriages up a hill. The engine represents the wealth generating component of the economy, which is the private sector. This is because the existence of the private sector depends on profits, and since profits are an increase […]
PwC discusses the path towards ESG for food and beverage industry
Committed towards supporting the local food and beverage sector adapt to initiating measurable ESG initiatives, help gain investor confidence and generate much needed foreign revenue, PwC Sri Lanka recently concluded a successful and thought-provoking webinar titled “ESG towards a responsible future in the Food and Beverage Industry”. Participated by decision makers in the food and […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, accountability and transparency on government spending. While the tax hike will invariably impact businesses and private sector employees adversely in the current context of high inflation and negative economic growth, it is […]
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer Hayleys Fabric partnered with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba to champion the protection of habitats connected to tributaries of the Bentota River. The Rs. 1.5 million initiative aims to stabilise the […]
‘s draft ‘rehabilitation’ law would spur abuse: Human Rights Watch
The Sri Lankan government should withdraw a draft law that would give the authorities broad powers to detain people in military-run “rehabilitation” centers, placing them at great risk of abuse, Human Rights Watch said today. The Bureau of Rehabilitation Bill, submitted to parliament on September 23, 2022, would allow the compulsory detention in centers of “drug dependant persons, […]
VIDEO: 5 Common Investment Scams And How to Avoid Them
There are plenty of scams out there, especially in the world of investing – today we go over 5 of them so you can better avoid them in the future.
PRCA APAC findings shed light to the state of the PR industry in Sri Lanka
The APAC chapter of the Public Relations and Communications Association (PRCA), the world’s largest and influential PR body, carried out a survey during October with the view of understanding and informing on the state of the PR industry in Sri Lanka. The survey was carried out among 33 leaders and senior executives from over local […]
FAO, IFAD and WFP renew commitment to strengthening food security in Sri Lanka
The Food and Agriculture Organization of the United Nations (FAO), together with the International Fund for Agricultural Development (IFAD) and the United Nations World Food Programme (WFP), marked World Food Day at an event held under the auspices of the Prime Minister Dinesh Gunawardena and the Minister of Agriculture Mahinda Amaraweera today. The event theme […]
VIDEO: Japanese yen touches 32-year low against USD
The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster than expected in America. The yen fell to 147.66 against the US dollar before regaining some ground. In a rare move last month, Japan spent almost $20bn (£17.6bn) to prop up the country’s struggling currency. […]