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Sri Lanka needs resilient logistics system: World Bank

By Winnie Wang , Senior Transport Specialist, World Bank Logistics carry dreams. Back in 2007, when I applied to graduate schools in …

Opinion: Rejuvenating waste plastic bottles, a universal treasure

By Michael F. Perera Valuable resources are extracted every day to develop convenient products such as bottles, containers and more. As the …

State Minister Cabraal visits Qatar to explore means to expand economic cooperation

A Sri Lankan delegation headed by the State Minister of Finance, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal visited the State …

Opinion: Quality at the Supplier’s end – the crux of the Coconut Oil Crisis

By Alahendra Amaradasa Today, more than ever before, there has come to the fore the pressing need for ensuring quality of supplies at the …

Seylan Bank records Rs.1Bn PAT in 2021 Q1 despite Covid challenges

Seylan Bank made a steady start in 2021 by posting a Profit After Tax (PAT) of LKR 1Bn in Q1 2021 amidst macro-economic challenges brought in by the …

NCPI based inflation increased to 5.1-pct in March 2021

Headline inflation as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 5.1 percent in …

Eran in Parliament: Govt. usurps judicial power to decide the merits and demerits of the court cases

The Commission of Inquiry on political victimization was appointed in January 2020 and the report to President was given in December 2020. Thereafter …

Facebook partners with Health Ministry to support vaccine rollout in Sri Lanka

Facebook has partnered with the Health Promotion Bureau (HPB) of the Ministry of Health in Sri Lanka to announce a campaign to help people get …

President and Chinese Defence Minister hold bilateral discussions

The official meeting between Chinese State Councilor and Defence Minister General Wei Fenghe who is on a two-day official visit to Sri Lanka and …

World Bank approves USD 80.5mn additional financing for fair deployment of COVID-19 vaccines

The World Bank has approved $80.5 million additional financing to help Sri Lanka access and distribute fairly COVID-19 vaccines and to strengthen the …

Sri Lanka surpasses USD 1Bn exports in March 2021 after six months

Sri Lanka surpassed US$ 1 billion in exports in March 2021 after a lapse of six months period, the Export Development Board said. As per the Customs …

ADB projects Sri Lanka’s economic growth to rise to 4.1-pct in 2021

The Asian Development Bank’s (ADB) flagship annual economic publication, the Asian Development Outlook (ADO) 2021, forecasts a significant rebound …

Prime Lands Residencies announces virtual investor forum for upcoming IPO

Prime Lands Residencies, the condominium property arm of Prime Group, announces the first ever Virtual Investor Forum for its upcoming Initial Public …

World Bank reassures support for Sri Lanka to build back better from COVID-19

The World Bank’s Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, concluded a successful visit to Sri Lanka Sunday …

SL signs agreement to implement Sri Lanka transit card

Revolutionizing the transport sector, the Ministry of Transport and the Central Bank played lead roles to get the key stakeholders to sign a …

Sri Lanka’s tech startup program spiralation opens for 2021 applications

Sri Lanka’s apex Government body in driving the tech-startup ecosystem, the Information and Communication Technology Agency of Sri Lanka (ICTA) is …

ICRA Lanka: Low-interest rates, Who are the winners and losers?

Key Takeaways § Price increase in treasuries have helped primary dealers and banks to realize substantial capital gains as much as …

ComBank becomes Sri Lanka’s first carbon-neutral bank

The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations, encompassing all …