Tag: lbo
David Cameron visits Port City Colombo
Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. Cameron engaged in a discussion with Reyaz Mihular – Commission Member and Vindhya Weerasekera – Director Legal and Corporate Affairs of the Colombo Port City Economic Commission; Yang Lu – Managing Director of […]
Advantis Projects speeds ahead with delivery of SL’s largest tunnel boring machines
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island. This operation will help expedite the progress of one of the nation’s most […]
HC Moragoda meets Chief Coordinator for India’s G20 Presidency to discuss engagement opportunities
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Chief Coordinator for India’s G20 Presidency for 2023, Harsh Vardhan Shringla in New Delhi recently. The discussion especially focused on various avenues through which Sri Lanka could engage with the G20 during India’s presidency of the Group and also the possibility of understanding G20 […]
‘s economy, Benefits can start when regulations finalized
Designed to be a hub for international investment, trade, finance, entertainment, leisure and other services, Port City Colombo will not be able to operate in isolation. Instead, it will create huge new demand for local products, utilities and services, helping to kickstart the wider Sri Lankan economy. It will also create masses of new jobs, […]
Sri Lankan industry leaders explore sustainable energy future
Leaders from across the industry, civil society, finance and academia met in Colombo recently to explore short and long-term energy solutions amidst Sri Lanka’s worst-ever energy crisis. With Sri Lanka’s industrial sector among the largest consumers of costly imported fossil-fuels, more than 100 participants heard from experts and shared their insights into how this economically […]
SL proposes to set up group of eminent persons to combat terrorist financing
Sri Lanka proposed to set up a group of Eminent Persons with a view to helping galvanize greater political will and to create further international awareness among states on the importance of combating terrorist financing, at the recently concluded 3rd No Money For Terror (NMFT) Ministerial Conference in New Delhi. Sri Lanka’s High Commissioner to India […]
Union Assurance records total net revenue growth of 33-pct to Rs.6.95Bn in third quarter of 2022
Union Assurance, Sri Lanka’s trailblazing Life Insurer, achieved impressive financial growth in Q3 2022 despite challenging market conditions. Union Assurance (UA) rallied to become the second largest regular new business premium producer in the third quarter. Among the top 5 players in the industry, UA was one of the only two companies to record positive […]
Ministerial meeting of Archipelagic and Island States Forum concludes in Bali
State Minister of Foreign Affairs was among the Ministers and representatives of the archipelagic and island states who congregated in Bali, Indonesia on the 5th December 2022 for the Ministerial meeting of the Archipelagic and Island States (AIS) Forum. The archipelagic and island states are directly impacted by the well-being of the ocean, the preservation […]
USAID launch Island plastic challenge to help consumer goods companies address plastic waste
In support of the Ministry of Environment’s policy on plastic waste reduction, the United States Agency for International Development’s (USAID) partner, Island Climate Initiative (ICI) under USAID’s global Clean Cities Blue Ocean Program, is calling on innovators around the world to design solutions to help Sri Lanka’s leading consumer goods companies reduce their plastic footprint. […]
Encouraging Sri Lanka’s youth to pursue entrepreneurship: Ceylon Chamber and ILO
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis […]
CFA Society Sri Lanka joins CSE to ring the bell for financial literacy
“Investors need to be aware of the products and services that capital markets and financial markets offer.” – CSE Chairman “Financial Literacy is a body of knowledge which involves economics, business mathematics, logical skills, and the ability to apply those skills in a setting which requires you to make finance-related decisions.” – CFA Society SL […]
Bath Curry Indicator trending down
Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year on year increase of 53% in October 2022. Compared to June 2022, prices of the BCI basket of food have been declining. The average price of […]