Tag: lbo
INSEE cement commits to Environment with new mangrove restoration project
Continuing with its efforts to protect and restore our environment, INSEE Cement, Sri Lanka’s only fully-integrated cement manufacturer, recently kicked of its latest Mangrove Restoration Project. This new initiative will work to restore 1 hectare of natural mangrove forest in the vicinity of the Searakkuliya Lagoon, Aruvakkaru, in the Puttalam District. Adding to INSEEs ongoing […]
Sri Lanka promotes products and tourism at Chinese international exposition
Guangdong 21st Century Maritime Silk Road International Exposition 2021 was held from 24-26 September at the Canton Fair complex, in Guangzhou, organized by the China Council for the Promotion of International Trade Guangdong Committee and Department of Commerce of Guangdong. The Consulate General of Sri Lanka in Guangzhou, participated with a country pavilion, consisting of 36 […]
MoU between Kaduwela Municipal and UNDP to expand waste to energy plant signed
Sri Lanka is in the process of transforming its current development trajectory into a green and low carbon pathway, with a concerted push towards a green economy and green development. Particularly, the recognition of progress made towards the targets of the Sustainable Development Goals (SDGs) and the necessity of increasing the contribution of renewable energy […]
JKH: CSE disclosure regarding development of West Container Terminal-1 in Colombo Port
We write with reference to our disclosure dated 15 March 2021 regarding the JKH investment in the development of the West Container Terminal-1 (WCT-1) in the Port of Colombo, as the local partner of Adani Ports and Special Economic Zone Limited (APSEZ). Pursuant to the receipt of the said LOI on 15 March 2021 from […]
Sakurai Aviation Academy produces youngest female private pilot license holder
Breaking all the stereotypes and barriers related to aviation training in Sri Lanka, Sakurai Aviation Academy has produced the Youngest Female Private Pilot License (PPL) Holder at the age of 17. She is also one of the very few pilots in the world to achieve the said feat. “I have been an aviation enthusiast since […]
Sampath Bank payment gateway enhances eCommerce with acceptance of UnionPay
Sampath Bank today announced that the Sampath Bank Payment Gateway, the only online solution which provides the most cost-effective and secure payment authorization and processing service, now accepts UnionPay credit and debit cards. This new development in the eCommerce industry of Sri Lanka will further empower merchant websites and consumers alike, with a wider range […]
Not a single instance of wrongdoing in forensic audits by Gov Cabraal
The Auditor General was not given the assignment to carry out the Forensic Audits, a recently released statement from the Central Bank said. “But instead, two dubious Accountancy firms from India who were under a serious cloud in India were entrusted the task at a huge fee,” it added. “After doing the audit, Forensic Auditors […]
Interview : A closer look at Bancassurance with Vindya Cooray
Bancassurance is a relatively novel concept in the financial services industry of Sri Lanka. It enables consumers to fulfill both financial needs and insurance needs under one roof through their preferred banking partner. In an exclusive interview with Lanka Business Online, Vindya Cooray, the Chief Bancassurance Officer of Union Assurance PLC, explained the concept and […]
Sri Lankan import restrictions at odds with WTO rules hurt welfare of citizens: Economists
A panel of eminent economists urged that the Government take credible and decisive action to carry out immediate trade reforms. Advocata’s Academic Chair Dr. Sarath Rajapatirana, emphasised that “Countries that have grown very fast, especially in east asia have understood the importance of trade reform”. Further adding that the first step of such a reform […]
Opinion: Avoiding IMF won’t help us avoid austerity
Naqiya Shiraz and Rehana Thowfeek Sri Lanka’s debt problems are a topic of national conversation. Foreign reserves, already low at USD 4bn in May 2021 fell to USD 2.8bn after the most recent bond repayment of USD 1bn in July 2021 . The Government claims that the timely repayment of the bond is proof that doomsayers […]
“GLX Digital Evolver” powers transformation of tourism through digital evolution
Good Life X (GLX) in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Sri Lanka – via ‘GLX Digital Evolver’ pursue the growth and evolution of Sri Lanka Tourism in partnership with leading industry experts. The recently launched programme which is aimed at empowering businesses in Sri Lanka’s Travel & Tourism Sector to evolve digitally, […]
Full speech: President Gotabaya Rajapaksa’s special address to nation
The Most Venerable Maha Sangha, Religious Leaders of other faiths, Friends, The accepted opinion of the World Health Organization (WHO), the majority of medical experts and according to the global standardized methodology is that the vaccination is the only solution for the COVID-19 pandemic. That is why, I made a special commitment to bring in […]