Company says September rubber purchases alone will generate revenue of Rs 150 million for producers Increased production to meet local demand has enabled CEAT Kelani Holdings to increase its monthly purchases of natural rubber in the domestic market by as much as 35 per cent by September, the country’s leading tyre manufacturer has disclosed. The…
Raddella Holdings introduce yet another revolutionary first with the launch of Sri Lanka’s first and only biotech insulin manufacturing plant. The recently concluded groundbreaking ceremony was held on the 18th of September 2020, at the Koggala Export Processing Zone. The landmark event was attended by a host of dignitaries and guests including the State Minister…
The Beijing Swift – By Prof. Samitha Hettige © China State Construction Engineering Corporation (CSCEC) published a sustainable development report for Sri Lanka recently. The report is titled “Witness Happiness” and was launched online simultaneously from Colombo and Beijing. The report mainly highlights CSCEC’s practices in Sri Lanka and mainly contains official data of the…
Rate increase of 4.9 %, effective January 1, 2021 Surcharge for Overweight Pieces and Non-Stackable Pallets will be adjusted to USD 95 per piece and USD 195 per pallet DHL Express, the world’s leading international express service provider, announced a price increase today that will take effect on January 1, 2021. The increase in Sri…
Registration of Suppliers, Vendors, Service Providers and Contractors for e-GP System (promise.lk) The Government of Sri Lanka is inviting supplier community to register with Electronic Government Procurement System (e-GP System) who wish to supply goods, works and consultancy and non-consultancy services to the Government. This system has been developed with all the essential modules such…
The private sector is also joining hands to further strengthen the national program to bring the benefits of digital technology to the people. This was confirmed by the Memorandum of Understanding (MoU) signed between the Information and Communication Technology Agency of Sri Lanka and the Kaymu Lanka (Private) Limited (daraz.lk) on the 15th of Sepetember…
SEC Director-General Chinthaka Mendis yesterday (17) called on the Government to seek funding for its development projects at the Stock Exchange, saying that the country should no longer depend on foreign loans. “When it comes to economic development we can’t any longer depend on foreign loans. Therefore, let me tell you, this is the place…
The Sri Lanka Automotive Component Manufacturers’ Association recently announced that the Sri Lanka Government is actively seeking to promote automotive assembly with locally secured components, in order to boost the industry and create better job opportunities. The assembly of 100 vehicles will create more than 250 direct jobs and 100 indirect jobs. If 1000 vehicles…
Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released by Canada’s Fraser Institute in association with the Advocata Institute Sri Lanka. Hong Kong and Singapore top the index, continuing their streak as 1st and 2nd respectively. New Zealand, Switzerland, the United States,…
A webinar on “India – Sri Lanka Current Business Environment and Opportunities for Joint Collaborations for Agri and Processed Food Sector”, to promote Sri Lanka’s Agri products and Processed Foods will be held on 29th September 2020 (Tuesday) from 11.30a.m. to 1.00 p.m. The webinar is jointly organized by the Sri Lanka Consulate General in…
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