Category:
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The Commission is Chaired by Gamini Marapana PC and the other members of the Commission are, 01- Secretary to the Treasury, S. R. Attygalle 02- Water Supply Ministry Secretary Dr. Priyath Bandu Wickrama 03- Former Board […]
Thinking about investing in the Northern Province?
By Jekhan Aruliah A few years ago I was speaking with a main board director of one of Sri Lanka’s largest companies. I asked him, a Jaffna Tamil gentleman approaching retirement, why his company still had not invested in the North several years after the war had ended. What he said put simply is there […]
Healthcare & Consumer propel Sunshine Holdings’ FY21 performance amidst pandemic
Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue and profit growth in a pandemic-affected macroeconomic environment, reporting notable top-line and bottom-line performances growth during the year ended 31 March 2021 (FY20/21). Group’s Healthcare and Consumer sectors led growth while healthcare segment remained the major contributor to total Group revenue in FY21. […]
State Ministry of Regional Cooperation launches Creative Economy Programme
The State Ministry of Regional Co-operation has launched a “Creative Economy Programme” with the view towards contributing to the country’s economy and promoting Sri Lanka’s cultural heritage. The ‘creative economy’ is a rapidly expanding segment of the global economy and has made a crucial contribution towards generating employment, income and exports. Based on creativity, it […]
MV X-Press Pearl: Port City Colombo donates Rs. 2 mn worth PPE to support cleanup
Port City Colombo donated over Rs. 2 million worth Personal Protective Equipment (PPE) to the Marine Environment Protection Authority (MEPA) yesterday (28) to support its ongoing efforts to clean up the debris and chemical waste collected on the coastline resulting from the MV X-PRESS PEARL ship fire. The MEPA, together with the tri-forces, undertook the […]
VIDEO: Are Swiss banks in trouble?
A global clampdown on tax evasion, led by U.S. law authorities, has transformed the banking industry in Switzerland. Without its famed reputation for secrecy, wealthy foreigners no longer see it as a haven to hide their money. So how have Swiss banks adapted?
President decides not to relax travel restrictions until June 07th
President Gotabaya Rajapaksa has decided not to relax travel restrictions until June 07. The decision was taken by the President at a meeting with the Special Committee on COVID 19 Control held at the Presidential Secretariat this morning (28). Initially, it was decided to relax travel restrictions on three selected days during the travel restriction […]
Export Development Board Supports Farmers & Processors to obtain SL Organic Certification
The Sri Lanka Export Development Board (EDB) is implementing an assistance scheme to enable farmers and processors in Sri Lanka to obtain organic certification as per the Sri Lanka Organic Standard – SLS 1324:2018. The certificates will be issued by the certification institutes accredited for SLS 1324:2018 by the Sri Lanka Accreditation Board (SLAB). This […]
USD 200Mn Financial Assistance from ADB for Second I-road Program
Bridging the urban and rural gap by providing services and infrastructure facilities equally across all segments of the country is one of the key focus of the Government Policy Framework. Developing transport network to ensure an efficient and environmentally friendly public transport system will support achieving this envisaged target of the Government. Accordingly, the Government […]
MV X-Press Pearl: Draught remains steady & no trim observes; SLPA clarifies its position
Indian High Commission in Sri Lanka says that relentless efforts by the teams from India and Sri Lanka are matched by incremental results as the draught of MV X-Press Pearl remains steady and no list or trim is observed. Meanwhile, the Sri Lanka Ports Authority releasing a statement clarified its position regarding the sudden fire […]
VIDEO: German researchers claimed to have found cause of blood clotting events
German researchers on Wednesday said that based on laboratory research they have found the cause of rare but serious blood clotting events among some people who have received COVID-19 vaccine made by AstraZeneca and Johnson & Johnson.