Pelwatte Dairy Industries Ltd., a leading manufacturer of locally produced dairy products, speaking on the current situation of the dairy industry in Sri Lanka stated that they have a surplus of milk and have already instructed the Export Development Board (EDB) to explore opportunities of exporting it as milk powder to China and as butter…
By Niroshan Udage As an integral part of the Country’s financial system, Licensed Finance Companies (LFCs) and registered leasing companies play a vital role in the development of the national economy. Collectively known as the Non-Bank financial (NBFI) sector, they offer a gamut of financial solutions to cater to individuals, proprietors, partnerships, corporates or business…
Sri Lanka has dropped 12 places to be ranked 101st in the latest Global Innovation Index 2020 from last year’s 89th rank with a score of 23.78 on a 0-100 scale, 100 being the most innovative. Published annually since 2007, the GII is said to be a leading benchmarking tool for business executives, policy makers and…
Microsoft Threat Protection Intelligence team warns that cybercriminals are taking advantage of COVID-19 concerns, adapting, and updating attack methods Microsoft recently unveiled Asia Pacific findings from the latest edition of its Security Endpoint Threat Report 2019 [1], which found that Sri Lanka experienced the highest cryptocurrency mining encounters across the region in the last year. Findings were…
CEAT Kelani Holdings has announced the achievement of an 85 per cent increase in the production of tyres for the ‘two-wheeler’ segment over just three months, as a full-bodied response to the needs of the local market consequent to the temporary import restrictions introduced by the government. Maximising capacity utilisation at its manufacturing plants at…
The Beijing Swift – By Prof. Samitha Hettige © China’s ancient maritime Silk Road reached South Asia, Africa and the Middle East through the South China Sea (SCS). The Suez Canal was not in existence in 1403 AD and therefore, the voyages of Chinese Admiral Zhen Ho ended in the Middle East. Since the Emperor…
The Asian unit of trading house Vitol is set to supply liquefied natural gas (LNG) to Bangladesh as the country seeks its first spot cargo to capitalise on lower prices for the super-chilled fuel, two energy officials with direct knowledge of the matter said. Four traders competed for the tender by the state-run Rupantarita Prakritik…
To avoid a possible foreign exchange crisis due to the economic hit caused by Covid-19, the Sri Lankan Government restricted imports, providing exceptions only for raw materials, pharmaceuticals, and oil. Meanwhile, addressing an event in Colombo today (04), State Minister for Finance, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal also expressed his views…
United States Imposes Restrictions on Certain PRC State-Owned Enterprises and Executives for Malign Activities in the South China Sea The U.S. Department of State imposed visa restrictions on People’s Republic of China (PRC) individuals responsible for, or complicit in, either the large-scale reclamation, construction, or militarization of disputed outposts in the South China Sea, or…
Addressing the 35th Session of the FAO Regional Conference for Asia and the Pacific (APRC), Minister of Agriculture Mahindananda Aluthgamage underscored the importance of promoting sustainable agriculture through innovation including digital agriculture solutions. He reiterated that the access to and dissemination of latest technologies and innovations is imperative to improve the productivity of the agriculture…
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