Tag: lbo
Interview: Post-COVID investment to Sri Lanka back on track
The Board of Investment (BOI) Chairman Sanjaya Mohottala said Sri Lanka is home to over 1,200 foreign companies and out that 50 percent of capital formation that took place in 2020 by BOI companies came from existing investors. He added that along with supporting existing industries to expand, the BOI is also looking to orchestrate […]
CBB sets sights on enhanced SL-UK trade with British Chambers of Commerce
The Council for Business with Britain (CBB) is now a member of the British Chambers of Commerce and marked this collaboration with an open networking event. The virtual gathering titled ‘The Power of a Global Network’ gave CBB members and other businesses across Sri Lanka a platform to connect with over 50 Regional Chambers of […]
Veemansa Initiative webinar to discuss new developments at Colombo Port City
Asia’s newest landscape, the Colombo port city, is to be launched as a special economic zone under the aegis of the Colombo Port City Economic Commission. The scope, incentive structure and the institutional setup of this special economic zone which was gazetted recently will be the theme of the webinar of “Asia’s Newest Landscape” which […]
Strengthening recycling identified as immediate solution to plastic waste issue
AIESEC Sri Lanka hosts webinar on plastic waste management in view of recycling day CEA emphasizes need to adopt a collaborative approach to addressing the issue Only 20% of the plastic waste in the market reach recyclers Strengthening recycling practices and systems identified as key In view of Global Recycling Day, youth organization AIESEC Sri […]
‘s first co-working space dedicated to mindfulness at work
Sri Lanka’s first coworking space dedicated to mindfulness at work, HomeTree Coworking, aims to re-invent pre-pandemic work culture by focusing on consciousness, community and co-creation in the new normal. Elaborating on HomeTree’s mantra for 2021, founder Semal Luthra noted that their vision was to re-invent how people work, create and connect in a post-pandemic world. […]
HOPE Consortium and leading experts pledge to close the global immunisation gap
Abu Dhabi’s HOPE Consortium and world-leading experts marked the end of The World Immunisation & Logistics Summittoday by pledging to close the global immunisation gap. Through a series of key discussions with global healthcare professionals, philanthropists, decision makers and senior government officials, the consensus was formed that innovation, ingenuity and inclusiveness are key to finding […]
US-based Blackstone Group acquires 56.5-pct of Piramal Glass
US-based private equity major Blackstone Group has acquired a 56.5 percent stake of Piramal Glass Ceylon PLC. The acquisition price implies a total enterprise value of 13.9 billion rupees for the target company. Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the […]
China-SL leaders agree to strengthen bilateral relations in all sectors
Port City & Hambantota port projects to be expedited … Continuous support to Sri Lanka in international fora … President invited to visit China again In a telephone conversation yesterday (29), President Gotabya Rajapaksa and the President of China Xi Jinping agreed to strengthen and enhance mutually beneficial bilateral cooperation in all fields. The Chinese […]
Dialog Axiata’s Genie reaches Rs.10Bn worth transactions by 2021
Powered by Dialog Axiata PLC (“Dialog”), Genie, Sri Lanka’s first PCI-DSS-certified payment app has cemented a major milestone moment on its journey in establishing itself as the biggest payment processing network in Sri Lanka through the achievement of over Rs. 10 billion worth transactions. With more and more customers falling reliant on smart devices, Genie […]
Sri Lanka vehicle registrations marginally up in Jan 2021
Total Vehicle registrations recorded 3,558 units in Feb marginally up from 3,256 units in Jan but significantly down from 31,402 units 12 months ago, a new report shows. “The main contributor for the increase was a higher number of hand tractors, a category that is not under an import ban and an uptick from locally […]
Project Company welcomes Cabinet approval to establish SEZ at Port City
The approval was granted at the cabinet meeting held on the 04th January 2021 to establish the Colombo Port City Special Economic Zone which will be an International business and services hub with specialized infrastructure facilities. Port City investor company, CHEC Port City Colombo (Pvt) Ltd. welcomes the Government’s move and expects this initiative will […]
UNFPA partners with CFW 2021 to increase awareness on gender-based violence
A UNFPA supported survey in 2019 found that one in four (24.9%) women have experienced physical and/or sexual violence since age 15 by a partner or non-partner in Sri Lanka. Across the world and in Sri Lanka, UNFPA supports Governments and women’s organizations to strengthen their response to violence against women and girls. Contrary to […]