Tag: lbo
Port City Colombo opens gates for investment
Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, today (20th), adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South […]
PET collector’s journey amidst a raging pandemic
How Mahesh creates his livelihood around plastic, impacts of COVID-19 and waste segregation in Sri Lanka The importance of recycling is highlighted globally because waste has a negative effect on the natural environment. In some capacity, recycling also gives society an excellent reason to play a supporting role in keeping our planet clean. Recycling also […]
Interview: Union Assurance will continue to grow through distribution channel expansions
Union Assurance was awarded Life Insurance Company of the Year at Business Leader Awards ceremony held in India recently affirming its leadership in the country’s fast-growing insurance industry. Speaking to Lanka Business Online exclusively regarding the company’s recent win Senath Jayatilake, chief distribution officer says UA’s vision is to transform the life insurance industry in […]
Are we getting the Colombo Port City Financial Centre right?
By H. Dabarera and KD Vimanga. Background The Colombo Port City commission bill is to be debated in parliament this week. Over the last few weeks, Sri Lankans have contemplated if the proposed Colombo Port City is the messiah that will rescue the country’s economy or whether it is another Trojan Horse that will throw […]
Notice on Covid 19 to passengers travelling on UL to Australia
As per the latest health guidelines issued by the Australian High Commission in Colombo, passengers travelling on SriLankan Airlines to Australia require a negative Rapid Antigen Test (RAT) prior to check-in for flights, commencing on 15th May 2021. The testing requirements would include: A negative COVID-19 Polymerase Chain Reaction (PCR) test result is required for […]
Hambantota Port sees highest monthly RORO volume in April
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles […]
Capitol TwinPeaks unveils ‘Capitol-ize investment Scheme’ for buyers
Capitol Developers – the Developer of Capitol TwinPeaks, the 50-storey twin-tower, mixed development under the Sanken Group, recently announced the provision of the ‘Capitol-ize’ Investment Scheme for potential property owners/ buyers, as a means by which to ease financial pressures (a resultant of Sri Lanka’s recovering economy) allowing more entrants into the real estate and […]
Presidential task force for a green socio-economy
President Gotabaya Rajapaksa has appointed a Presidential Task Force to transform Sri Lanka’s economy into a green socio-economy with sustainable solutions to climate change. The Task Force has been named as the “Presidential Task Force on Creating a Green Sri Lanka with Sustainable Solutions to Climate Change”. The Task Force, chaired by Basil Rajapaksa, the […]
Sri Lanka secures USD 500Mn concessional financing from Republic of Korea
In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordingly, the Government of Republic of Korea and Government of Sri Lanka have agreed to sign a […]
Healthcare professional bodies make urgent recommendations to avoid COVID disaster
In a letter to the President, the Sri Lanka Medical Association (SLMA), the Government Medical Officers’ Association (GMOA), the Association of Medical Specialists (AMS), together with the SLMA Intercollegiate Committee (SMIC) has made several recommendations in a bid to minimize COVID infections and deaths in the near future. “We wish to emphasise that all healthcare […]
World Bank strengthens engagement in Sri Lanka
The World Bank today launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka. This online platform will enable the Bank to engage with the Sri Lankan public and development partners and seek their views on the most pressing development opportunities and challenges for the country. The SCD is a country-specific report […]
UK and Sri Lanka lead on ‘Nitrogen for Climate and Green Recovery’
The British High Commission in Colombo and the Government of Democratic Socialist Republic of Sri Lanka this week held a virtual event “Nitrogen for Climate and Green Recovery”, held on 27 – 29 April 2021, in Colombo. The event launched the #Nitrogen4NetZero initiative, to widen engagement on sustainable nitrogen management in this crucial year for climate action. #Nitrogen4NetZero […]