Tag: lbo
ICRA economic outlook for 2H 2021: Economy relapses amid the third wave
Key Takeaways Expedited vaccine rollouts in many major economies have enhanced global growth outlook for 2H 2021. Sri Lanka which was earlier expected to be a laggard, is now among the countries with the fastest vaccination rates in the world. First quarter recorded a modest economic growth (4.2%) but the rapid escalation of the third […]
Top real estate developers identified in new brand health survey 2021
This year’s Research Intelligence Unit (RIU) survey delved deeper than brand surveys of the past by looking into multifarious factors that included brand awareness, brand perception, brand visibility, brand attributes and top of the mind recall. Home Lands, Prime Lands, Kelsey Homes, JAT, Blue Ocean, Span and Fairway were found to be the top seven […]
MAGA to design and construct two flyovers in Col 02 valued at Rs. 5.2Bn
Maga Engineering has begun construction of two new flyovers in Slave Island (Colombo 02), along Justice Akbar Mawatha and Uttarananda Mawatha. The proposed flyovers will overarch two central intersections in Slave Island and the Coastal Line – one of the busiest railway tracks leading into the city, thereby easing heavy traffic congestion leading to Colombo’s […]
Hemas Partners with Govt plastic waste recycling campaign
Hemas Holdings partnered with the Ministry of Environment to support its environmental initiative ‘Not a Rule but a Discipline’ focused on the responsible disposal and recycling of plastic waste in Sri Lanka. As a part of this initiative recycle bins will be placed at Government institutions and schools to collect disposable plastic pens and […]
Greater synergy between India and SL pivotal for container volume growth in sub-Continent: SLPA Chairman
Capt. Nihal Keppetipola – Chairman of Sri Lanka Ports Authority (SLPA) paid a courtesy visit to the Indian High Commissioner to Sri Lanka His Excellency Gopal Baglay on 09th July 2021. On the invitation of the Indian High Commissioner to Sri Lanka, the meeting took place in the India House, Colombo 03. Also present at […]
Opinion: Plastic waste, a goldmine when responsibly disposed and managed
By Mangala Bandara, director of ‘Go Recycling Hub.’ Most developing countries across the globe face the issue of proper waste management, and Sri Lanka is no exception. Each person in Sri Lankan generates around 0.64 kgs of waste daily leading to 4.8 million metric tons of solid waste collected annually, where irresponsible disposal of plastic […]
June food prices increase by 14.3-pct: Advocata’s Bath Curry Indicator
June Food Prices Increase by 14.3–pct Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of food recorded a jump of 14.3% for the month of June 2021. The month of June experienced an increase in prices comparatively to the month of May, according to the basket of food tracked by […]
SL Retailers’ Association urges for relief measures from PM
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister Mahinda Rajapaksa on June 30 to address the issues and difficulties they are faced with due to COVID pressures in the country. Representatives of SLRA also requested Prime Minister to institute relief […]
Opinion: A mistreated ocean’s cry for help
By Ceylon Fishery Harbour Corporation, Sri Lanka Navy and Eco Spindles In the last decade, Sri Lanka has mismanaged 1.59 million metric tons of plastic waste yearly that ultimately finds its way to the ocean. Seven out of the 12 Indian Ocean rim countries are significant plastic polluters, Sri Lanka included. The recent MV X-Press Pearl […]
PUCSL signs MOU with USAID’s youth employment and entrepreneurship project
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth employment and entrepreneurship project, YouLead recently providing professional qualification to 45,000 electricians. This initiative aims to channel joint efforts to support and upskill Sri Lankan youth in the electricity sector, and to encourage entrepreneurship […]
Vish Govindasamy elected as Chairman of Ceylon Chamber of Commerce
The Ceylon Chamber of Commerce elected Mr. Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). Mr. Govindasamy succeeds Dr. Hans Wijayasuriya who completed his 2-Year Term as Chairman at the culmination of the Annual General Meeting. Mr. Vish Govindasamy serves in the capacity of Managing Director of Sunshine Holdings PLC, […]
Post-Pandemic future; jobs in the pharma industry are evolving
By Sri Lanka Chamber of the Pharmaceutical Industry Pharmaceutical companies are witnessing changes in operations across the board, and events brought about by the pandemic have compelled pharmaceutical companies to reimagine the role of its medical pharmaceutical representatives, to better adapt to the new rules of engagement. In Sri Lanka, there are currently over 3500 […]