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Intl Arbitration Centre to be developed as Intl Commercial Dispute Resolution Centre for Port City
A Memorandum of Understanding between the Ministry of Justice and the Colombo Port City Economic Commission was signed on Wednesday at the Ministry of Justice, with a view to developing the Sri Lanka International Arbitration Centre as an International Commercial Dispute Resolution Centre for the Colombo Port City. Development of the Sri Lanka International Arbitration […]
Virtusa introduces new senior leaders
Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, recently announced several key leadership appointments. The announcements extend Virtusa’s leadership, vision, and reputation as a top employer. Virtusa has a long heritage of providing deep digital engineering skills and […]
Lack of openness in govt agencies a concern for assessing budget promises: Verité Research
Independent research institute and think tank in Sri Lanka, Verité Research highlights that the level of openness of government agencies is a major concern in evaluating their performance against budget promises. Presenting an overview of selected cabinet decisions taken in 2020, Research Assistant Udahiruni Atapattu described the lack of willingness of ministries and other government […]
Trillium Hotels and VIP Residencies unveils luxury retirement complex
Trillium, one of Sri Lanka’s most sought after real estate developers which aims to deliver comfort and elegance while merging the value of an exclusive lifestyle, is set to further diversify its offerings with the launch of Trillium Hotels & VIP Residencies. Positioned in the heart of Colombo 07, Trillium Hotels & VIP Residencies is […]
Colombo YMBA launches English education program for young Buddhist monks
The Colombo YMBA , established in 1898,which is the oldest and largest Buddhist association in existence, gladly announces the launching of an English education program for young Buddhist monks. As the first phase of this program, around 700 young monks attached to 237 Pirivenas in the Western and the Uwa provinces will be absorbed into […]
For 1USD pledged to tackle climate crisis for world’s poor, 4USD spent on fossil fuel subsidies: Report
The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning of other fossil fuels, gas, and coal. “This is four times the amount being called for to help poor countries tackle the climate crisis, one of the sticking points ahead of the […]
SL understands importance of maintaining balance between environment and human needs : President
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands the importance of balancing environmental boundaries with human needs. The President made these observations while participating at the High-Level Meeting on Delivering Climate Action for People, Planet and Prosperity convened by Mr. Abdulla […]
Sri Lanka completes vaccination for over 60-pct of population
The Deputy Director General of Health Services, Dr. Hemantha Herath says that over 60% of the total population in Sri Lanka has been fully vaccinated as per the latest statistics. According to him, nearly 70% of the people have been given the first dose of any vaccine. Dr. Herath said that they are targeting 70% […]
Tokyo Cement Company ramps up supply to address cement shortage
In a statement, Dr. Harsha Cabral PC, Chairman of Tokyo Cement Company (Lanka) PLC announces that the Company has taken several immediate measures to address the cement shortage in the market. He states that Tokyo Cement is operating its cement manufacturing plant in Trincomalee at the maximum installed capacity of around 170,000 MT per month […]
Interview: Darshi Keerthisena on Sri Lanka’s Batik craft and its future
Batik is one of Sri Lanka’s most loved and versatile heritage crafts and Darshi Keerthisena has used her artistic tool kit and shaped it into a must-have in every fashionista’s wardrobe. She is the Creative Director of Buddhi Batiks, a legacy enterprise handed down to her by her parents. Starting with the batik sari Dharshi […]
Lanka Credit and Business Finance Limited IPO oversubscribed
Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue price of 4.00 rupees to raise 500 million rupees has been successfully oversubscribed on the opening day, the Colombo Stock exchange said. NDB Investment Bank as the sole financial advisor and […]
‘s Central Bank reveals progress of securing foreign exchange inflows
The Central Bank on Tuesday revealed the progress of securing foreign exchange inflows and highlighted a series of direct engagements that the Sri Lankan Government has commenced with other Governments, Central Banks, financial institutions, and investors. Releasing a statement, the bank said that the government is processing a US dollars 1.5 billion long-term loan offer […]