The Asian Palm Oil Alliance, a multilateral body representing the industry in Asia, Solidaridad, a global network that supports smallholder farmers and workers, and the Palm Oil Industry Association of Sri Lanka, came together at a joint press conference, held at the OPA Auditorium in Colombo 07, on the 30th of May 2023. The event…
By Jagathdeva Vidanagama PhD World Environment Day should drive focus on decarbonisation of Sri Lankan industries Sri Lanka’s Energy Savers are industry leaders and energy practitioners who are determined to help the country slash energy waste and greenhouse gas emissions. They explain what they are doing to decarbonize Sri Lankan industries and why the time…
A one-day conference was successfully concluded titled “Empowering SMEs through Data Security, Cyber Security and Innovation”, organized jointly by the Federation of Information Technology Industry Sri Lanka (FITIS) Professional Chapter which comprise the Information Systems Audit and Control Association of Sri Lanka (ISACA) and the United States Agency for International Development (USAID) CATALYZE Sri Lanka…
Fitch Ratings – Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report. Monetary tightening, fading fiscal support and service sector reopening are now weighing on global goods demand, which leapt extraordinarily during the pandemic. World industrial production is also decelerating rapidly. Services trade…
There will be no tolerance for anyone attempting to regress the country to its state of a year ago. The country is built on four major pillars. Our aim for the next five years is to stabilize the country’s economy, paving the way for Sri Lanka’s transformation into a prosperous and developed nation within the…
SriLankan Airlines would like to clarify that a story currently circulating on social media about the airline mishandling the travel of Venerable Ajahn Brahm is completely false. The Venerable Ajahn Brahm was booked on a different airline when the unfortunate delay occurred at Bandaranaike International Airport in the early hours of 31 May 2023. SriLankan…
Reuters – Sri Lanka’s central bank cut its key interest rates by 250 basis points on Thursday as inflation eased, signalling that the South Asian nation was emerging from a devastating financial crisis and ready for a rebound in growth. The Central Bank of Sri Lanka (CBSL) cut its standing deposit facility rate and standing…
The fourth quarter of FY 2022/23 marked the close of a challenging year for Hela Apparel Holdings PLC. While revenue of Rs. 20.5 Bn in Q4 represented a 40.6% increase in the same period of the previous year, this was primarily driven by the impact of the rupee depreciation. In US Dollar terms, quarterly revenue…
A meeting between President Ranil Wickremesinghe and Deputy Managing Director of International Monetary Fund (IMF) Kenji Okamura was held at the Presidential Secretariat Wednesday afternoon (31). The discussion primarily focused on the progress of the IMF program between Sri Lanka and the IMF. Attention was also paid to the on-going debt restructuring negotiations. State Minister…
Majority Sri Lankans consider themselves Buddhists. One may say that within that majority only a very small minority are practicing Buddhists. Vanishing greed, hatred & fraternity can be considered the essence of Buddhist way of life. Those who vanish bonds may spiritually experience space travel as gravitational pull due to bonding is reduced. Chinese space…
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