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Sri Lanka to establish new institution to maximize utilization of government lands

The Cabinet of Ministers has approved a proposal submitted by the President for the establishment of an institution under the name Assets Utilization …

Fitch affirms Abans PLC at ‘AA(lka)’; Outlook stable

Fitch Ratings has affirmed Sri Lanka-based consumer-durable retailer Abans PLC's National Long-Term Rating at 'AA(lka)'. The Outlook is Stable. Fitch …

Cabinet nod to submit Colombo Port City Economic Commission Bill to Parliament

The Cabinet of Ministers has approved a proposal made by President to take the necessary steps to publish the Colombo Port City Economic Commission …

All set for 24th Sri Lankan Entrepreneur of the year Awards

Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) announces the finalization of all arrangements to conduct the 24th Sri Lankan …

If Govt fails to manage UNHRC resolution properly economic consequences will be catastrophic

By Eran Wickramaratne M.P - Former State Minister of Finance This government is stumbling from one crisis to another. Poor economic management, …

UNHRC adopts revised resolution to enhance monitoring on human rights in Sri Lanka

The UN Human Rights Council on Tuesday adopted a revised resolution to enhance its monitoring and reporting on the human rights situation in Sri …

Sri Lanka’s export earnings grew by 2.5-pct in February

Sri Lanka’s export earnings registered a growth of 2.52% with US$ 993.73 Mn in February, compared to the previous year, maintaining the growth …

5 reasons why South Asia is coming together to beat marine plastic pollution

By CECILE FRUMAN , JOHN ROOME & PAWAN PATIL Collaboration, cooperation, consensus – these words are seldom used when describing the …

CEAT ups radial production by 72,000, exceeding half a million tyres per year

CEAT Kelani Holdings has announced that it has increased production of Passenger Car Radial (PCR/Van) tyres by 72,000 tyres a year, adding 16 per …

EXECUTIVE, Sri Lanka’s top-notch business travel partner ties up with onyx hospitality group & Mrs. World

Executive, the premier travel partner of all business travelers to and within Sri Lanka has recently tied up with ONYX Hospitality Group providing …

Sampath Bank powers real-time online payments to Inland Revenue Department with LankaPay

Sampath Bank joined hands with LankaClear to become one of the first banks in the country to facilitate real-time online payments to the Inland …

CCC-Private sector propose alternative to problem of managing flexible packaging waste

The Ceylon Chamber of Commerce (CCC) and industry stakeholders propose an Extended Producer Responsibility (EPR) initiative as a more cohesive …

HSBC Colombo Fashion Week Summer edition announces fashion in new environment

HSBC Colombo Fashion Week popularly known as CFW, in its 18th year introduces an important aspect of sustainability which is an urgent need around …

Sri Lanka is not renegotiating Hambantota port lease deal with China: report

Sri Lanka’s ambassador to China Palitha Kohona has dismissed suggestions that the country is planning to extend a 99-year lease it granted to …

From Waste to Energy: Kaduwela MC & UNDP work towards sustainable waste management

To create a transformation in the management of municipal waste, by generating electricity and producing liquid fertilizer using bio degradable solid …

Media freedom is not the freedom of media owners: President

“Media freedom does not mean freedom of media owners. Certain media owners want to run the country the way they want. I cannot allow that to …

Transparency International welcomes SriLankan’s decision to sue airbus

Transparency International Sri Lanka (TISL) welcomes the decision by SriLankan Airlines to sue the company Airbus SE for $ 1 billion damages, loss of …

Central Bank increases maximum compensation under deposit insurance scheme by Rs.500,000

The Monetary Board of the Central Bank has decided to increase the maximum compensation payment under the Sri Lanka Deposit Insurance and Liquidity …

Increasing production and income only answer to cost of living problem: President

“The only answer to the problem of cost of living is to increase production and income received by the people. Price of imported goods is …

Central Bank informs banks to suspend the purchase of Sri Lanka ISBs until 09 April 2021

The Central Bank has informed licensed commercial banks and National Savings Bank to suspend the purchase of Sri Lanka International Sovereign Bonds …