Head of the Hayleys Plantations Sector and Managing Director of Kelani Valley Plantations PLC (KVPL) Dr. Roshan Rajadurai represented Sri Lanka at the recently concluded 10th World Water Forum held in Bali. During the esteemed Side Event – Executive Roundtable Dialogue titled ‘Flowing Forward Faster: Best Practices in Corporate Water Stewardship’, Dr. Rajadurai shared KVPL’s…
SLASSCOM and IIT Madras Pravartak have inked a landmark Memorandum of Understanding (MoU) aimed at enhancing collaboration and fostering innovation in Sri Lanka’s startup ecosystem. The agreement, was facilitated by Dr. Shankar Raman from IIT Madras Pravartak and SLASSCOM Chairman Jehan Perinpanayagam, Mr. Rajendra Moortha, and Nishan Mendis, Vice Chair of SLASSCOM. The MoU between…
The Joint Chambers of Commerce urge the Customs Officers to call off the ongoing work to rule, and the strike planned for the 4th and 5th of July. The current work to rule action has caused significant delays in clearing import cargo, resulting in supply chain disruption, and delays in production and delivery. The delay…
CNA Life Style – Sri Lanka’s world-famous Ministry of Crab is opening in Singapore on Jul 3 to a welcome carpet rolled out by seafood-loving foodies. After a couple of sporadic pop-ups held here over the years, the crab-focused restaurant by global superstar chef and restaurateur Dharshan Munidasa, which already has outposts in Shanghai, Chengdu,…
Raises record Rs 20 billion as Bank exercises all options after receiving applications for over three times the initial value The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day, Tuesday 2nd July 2024, raising Rs 20 billion for Sri Lanka’s biggest…
Reuters – Sri Lanka will save $5 billion in interest owed to bilateral creditors as part of its debt restructuring process, President Ranil Wickremesinghe said on Tuesday, adding that the funds will be used to boost dollar reserves and restore growth. The cash-strapped South Asian country inked deals with China and other creditor nations to…
First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of Directors, effective June 28, 2024. Veteran banker Rajendra Theagarajah has been appointed as the Chairman. Joining him are Inoshini Perera, Rachini Rajapaksa, and Dilendra Wimalasekere as new members of the Board. The appointment of Rajendra…
During a meeting with a group of Sri Lankan journalists at the Adani Group’s global corporate headquarters in Ahmedabad, Anil Sardana, Managing Director & CEO of Adani Energy Solutions Limited, emphasized Sri Lanka’s significant potential in renewable energy. Sardana, who also heads the Sri Lanka wind project, highlighted the country’s ability to harness solar, wind,…
Minister of Transport, Highways, and Mass Media, Dr. Bandula Gunawardena, emphasized that deviating from the current government’s economic program under President Ranil Wickremesinghe’s leadership would inevitably lead to the country’s collapse once more. Therefore, the minister stressed that the time has come for all citizens to support the continuation of the current economic program. The…
Reuters – Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. From July 1, the international student visa fee has risen to A$1,600 ($1,068) from A$710, while visitor…
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