In a statement, Dr. Harsha Cabral PC, Chairman of Tokyo Cement Company (Lanka) PLC announces that the Company has taken several immediate measures to address the cement shortage in the market. He states that Tokyo Cement is operating its cement manufacturing plant in Trincomalee at the maximum installed capacity of around 170,000 MT per month…
Global economic developments have impacted Sri Lanka’s external sector performance, and the economy overall. While Sri Lanka managed the first wave of the COVID-19 outbreak imposing lockdown measures for two months (March to May 2020), it has since been hit by a second outbreak since October 2020 and a third wave in April 2021. The…
The Central Bank of Sri Lanka (CBSL) wishes to provide the following information to investors and the general public on the progress made by the CBSL and the Government in securing foreign exchange inflows as announced in the Six-Month Road Map for Ensuring Macroeconomic and Financial System Stability. The CBSL and the Government have commenced…
Nalinda Ilangakoon, Vice Chairman, Ceylon Electricity Board said senior Adani group officials had visited the north eastern district of Mannar to inspect a wind power farm NDTV – The Adani group, which recently sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal, is also exploring the possibility…
Addressing the present changes in passenger travel dynamics, Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) has taken the initiative to introduce an Online COVID-19 Health Declaration System at BIA. The prime objective of introducing this system is to reduce the usage of physical form filling and encourage the passengers to opt into an…
JAT Holdings PLC, Sri Lanka’s trusted industry leader in wood coatings, recently announced the appointment of Gaurav Jain, as the company’s new Director – International Business Development. With three decades of global experience that spans over five continents, Gaurav will overlook international business operations as part of JAT’s strategy to consolidate and grow business in…
By A. Sukumaran – Chairman, Joint Apparel Association Forum (JAAF) The recent European Union (EU) monitoring mission visit to Sri Lanka on the Generalised Scheme of Preferences (GSP) Plus trade concessions scheme, has ignited much speculation locally, on the potential costs of losing GSP+ to the EU. However, many such analyses have significantly under-estimated the…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, in its endeavor to support the country’s revival of tourism in the context of para and post-pandemic travel, has resumed one of its award-winning marketing campaigns ‘Sri Lanka, the Next Door Neighbor’ appealing to the discerning Indian traveller. During its…
Key Takeaways Increasingly, many experts feel transitioning to an endemic is a realistic endpoint for the current pandemic. Endemic means the governments will have to deal with COVID in a more localised fashion while the public will have to continue with the current pandemic-induced lifestyles to some degree. Tourism may resume but we are likely…
A comprehensive promotional plan has been put in place by the Hambantota International Port Group (HIPG) to position the Port and its industrial zone as a haven of opportunity for setting up light industries. Many potential investors have been reached and discussions are ongoing for direct investment into the zone. HIPG’s expert Port Investment team…
