The Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) today signed a transaction advisory services agreement to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP). The signing was witnessed by Takehiko Nakao, President of ADB, and Sri Lanka’s Finance Minister Ravi Karunanayake. “The terminal will maintain Colombo…
The demand for human resources for current needs is hugely different to the compatibility of what was needed during the 20th Century, said Dr. Sunil Jayantha Navaratne while joining Ada Derana Biz 24X7 to express his views on the human resources needs for the 21st Century. Below is the video discussion Ada Derana Biz 24X7…
Sri Lanka’s first monumental step towards the protection of its animals says Otara Foundation The Otara Foundation has welcomed the approval of the Animal Welfare Bill by the Cabinet of Ministers as a step in the right direction and pledged to continue its advocacy in order to ensure the enactment of the Bill as law….
Aside from range anxiety, remembering to plug your car in might be the worst part of EV ownership. Thankfully, that might soon be a concern of the past for the Model S thanks to Plugless, an aftermarket wireless EV charger company. Plugless is now taking $244 refundable deposits for its wireless Model S charging system,…
The wheels of tech firm World Moto (OTC: FARE) just keep turning as the firm said it was now set to roll out its ground-breaking motorcycle meter product in Sri Lanka. The firm has inked a memorandum of understanding (MoU) for distributing Moto-Meter throughout Sri Lanka. Chief executive Paul Giles told investors: “The Moto-Meter is…
Walkers Equipment Limited which commenced operation in early 2015 has been appointed as an Authorized Distributor for Bobcat in Sri Lanka. Walkers Equipment markets the complete Bobcat product portfolio in Sri Lanka ranging from skid-steer loaders, track loaders and compact excavators to telescopic handlers and utility vehicles. The renowned Bobcat brand is synonymous with durability…
First Capital Holdings PLC (FC) a full service investment bank with 30 years of experience recently launched the “FC Capital Market App’, providing up to date information on the Sri Lankan capital market free for Android and IOS smart mobile users. The FC Capital Market App gives investors and market enthusiasts detailed insights into government…
With another Sri Lankan independence day already passed, isn’t it time you did some thinking about how well you’re doing in achieving your own financial independence, asks Prabodha Samarasekera, CEO of expert financial planner NDB Wealth. Mr. Samarasekera also says, “Financial freedom means different things to different people; not having any debt, having enough saved…
Sri Lanka’s national carrier, SriLankan Airlines reversing earlier plans to discontinue or reduce flights to key European destinations, has decided to continue the flights to those destinations, except Rome, Business Times reports. The move has drawn welcome relief from all sections of the travel industry. The airline, which is looking for ways to cut huge…
The Consumer Affairs Authority (CAA) Act will be amended aiming to protect consumers and to punish errant traders who fleece the consumers, CAA revealed. According to the CAA, the final draft of the Bill has been sent to the Authority by the Legal Draftsman’s Department for further discussion. Once this process is completed, it will…
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