Tag: lbo
President sets up 14 member commission to tackle public sector salary, pension issues
President Anura Kumara Dissanayake has established a Salaries and Pensions Commission to address long-standing salary and pension issues affecting public sector employees and pensioners, with retired Ministry Secretary Asoka Peiris appointed as chairman. The commission was formed through Extraordinary Gazette Notification No. 2494/05, dated 22 June 2026. Its core mandate is to recommend sustainable solutions […]
Government to back apparel exporters with land reforms, ‘Plug and Play’ factories
President Anura Kumara Dissanayake chaired a discussion at the Presidential Secretariat on Monda aimed at resolving challenges facing Sri Lanka’s apparel sector and boosting the country’s export earnings. The meeting brought together top business leaders and investors from the industry to discuss practical hurdles and the support needed to roll out the Export Development Board’s […]
Sri Lanka, US reaffirm strong ties as talks focus on trade gap and tariffs
President Anura Kumara Dissanayake met with visiting US Assistant Secretary of State for South and Central Asian Affairs, Dr. Paul Kapur, at the Presidential Secretariat this afternoon (22). The two sides reflected on 77 years of Sri Lanka-US relations, noting how the partnership has grown to cover trade, defence, investment, tourism and people-to-people connections. Kapur […]
Scalable capture: Sri Lanka’s marine plastic problem is compounding, so is the response
Once considered a ‘miracle material’ capable of solving every industrial and consumer problem of the 20th century, today, plastic has become a ‘technofossil’. It has been found in snow at the top of Mount Everest, and as deep as the Marina Trench, across every known ecosystem, ultimately bio-accumulating up the food chain to humans as […]
Amana Takaful PLC concludes rights issue, Raises over Rs. 1Bn amid strong shareholder demand
Amana Takaful PLC has successfully closed its Rights Issue, raising more than Rs. 1 billion through the allotment of over 52.8 million new ordinary voting shares priced at Rs. 19 each. The offer, extended exclusively to existing shareholders, was oversubscribed by 68.8%, signaling solid investor confidence in the company’s direction. The response builds on a […]
Hayleys Fabric PLC and USJP establish SL’s first antibiotic resistance baseline for Kelani river basin
Hayleys Fabric PLC, a subsidiary of Hayleys PLC, and the University of Sri Jayewardenepura have completed Sri Lanka’s first comprehensive study on antibiotic resistance in the Kelani River Basin, a freshwater system that supplies drinking water to over 80% of the Greater Colombo region and supports more than a quarter of the national population. Conducted […]
Musician Susitha Manoj launches new collection of songs
Sri Lankan-born singer and musician Susitha Manoj recently launched a new collection of songs to mark a significant milestone in his musical journey. The launch event was held at the Grand Monarch Hotel, Thalawathugoda, with the participation of artists, media personalities, well-wishers and music enthusiasts. The new collection reflects Susitha Manoj’s continued commitment to creating […]
HNB PLC and IESL sign MoU to extend exclusive financial benefits to Sri Lanka’s engineering community
HNB PLC, Sri Lanka’s leading private sector bank, signed a Memorandum of Understanding with the Institution of Engineers Sri Lanka (IESL) on 20 May 2026 at HNB Towers, establishing a formal partnership to extend a suite of exclusive financial benefits to IESL’s membership base of over 25,000 engineering professionals across the country. Under the arrangement, […]
Xiaomi Sri Lanka and Raffealla Fernando showcases “The Art of Telephoto” with the Xiaomi 17T
Xiaomi Sri Lanka hosted “The Art of Telephoto,” a Leica-powered photography exhibition at One Galle Face Mall, Level 02, bringing together creativity, fashion, visual storytelling and smartphone photography in an engaging experience for guests and photography enthusiasts. Held in collaboration with renowned Sri Lankan creative personality Raffealla Fernando, the exhibition presented a curated collection of […]
President Dissanayake meets CHEC Chairman, Reaffirms commitment to foreign investment
President Anura Kumara Dissanayake met with the Chairman of China Harbour Engineering Company (CHEC), Mr Bai Yinzhan and a delegation from the company this morning (13) at the Presidential Secretariat. During the meeting, Mr Bai Yinzhan stated that President Dissanayake’s “direct and visionary leadership” had greatly enhanced the company’s confidence in investing in Sri Lanka. […]
Sri Lanka and France strengthen bilateral relations at second round of political consultations
The Second round of Political consultations between Sri Lanka and France was held on 9th June 2026, virtually. The consultations were co-chaired by Director-General of the Europe and North America Division of the Ministry of Foreign Affairs, Foreign Employment and Tourism of Sri Lanka, Sugeeshwara Gunaratna and Director for Asia & Oceania in the Ministry for Europe […]
CJS and Dr. Asha de Vos celebrate Sri Lanka’s oceans with limited-edition whale shark pendant
In celebration of World Oceans Day, Colombo Jewellery Stores (CJS) in partnership with Oceanswell, spearheaded by renowned marine biologist, Dr. Asha de Vos, have launched a Limited-Edition Whale Shark Pendant. Limited to just 100 individually numbered pieces, the Pendant marks the fifth species celebrated through this pioneering collaboration, which has combined fine jewellery with marine […]