Completes 1,500 kWh solar generation project with Rs. 156 mn investment Swisstek Aluminium Limited, an aluminium product manufacturer that has grown into an industry mainstay in Sri Lanka over the past 12 years, and caters to both local and international markets, announced its contribution towards the national sustainability drive through the installation of solar power…
Teejay Lanka PLC has announced the appointment of Mr Masaru Okutomi, the Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a non-executive Director of the Company with immediate effect. Mr Okutomi replaces Mr Wan Wai Loi on the Board of Teejay Lanka PLC, consequent to a change in the latter’s role…
Magicbit, an easy-to-use STEM education platform, announced that it has raised USD 120,000 in its pre-seed financing round led by Sri Lanka’s Angel Fund. Magicbit allows students as young as 10-years to build inventions using technologies like IoT, robotics, programming, electronics and AI. With the support of the Angel Fund and the funding raised, the…
By Thilini Bandara Sri Lanka’s social protection and food insecurity amidst COVID-19 came into focus at the third and final session of a webinar series held recently to mark the release of the ‘Sri Lanka: State of Economy 2021’ report, the annual flagship publication of the Institute of Policy Studies of Sri Lanka (IPS). The…
They are likely to discuss projects related to ports, power and renewable energy The Hindu – Gautam Adani, chairman of the Adani Group that was chosen to develop a major port terminal project in Sri Lanka, is scheduled to meet President Gotabaya Rajapaksa in Colombo on Monday, according to official sources in Colombo and New Delhi. “It…
By Dr Roshan Rajadurai Since herbicides spraying was introduced as a form of weed management in the 1960s with Paraquat, plantations have used pre-emergent, residual, post-emergent, broad spectrum, systemic, translocated, and contact herbicides for weed management depending on bush cover, rainfall pattern, growth stage of weeds and Tea bush. Plantations have not exclusively depended on…
Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive year. The winner of this prestigious award was announced on Thursday 21st October at the 2021 Asian Freight,…
Reuters – The United States has barred imports from Malaysian glove maker Supermax Corp (SUPM.KL) over alleged forced labour practices, the fourth Malaysian firm to face such a ban in the past 15 months. Malaysian factories – which make everything from palm oil to medical gloves and iPhone components – have increasingly come under scrutiny over allegations…
Ex-Pack Corrugated Cartons Limited’s LKR 700 million IPO was oversubscribed within minutes of opening today. In a notice to the Colombo Stock Exchange, the Company’s Registrar stated that the issue will close at 4.30pm today, 22nd October, and the basis of allotment will be notified shortly thereafter. The co-managers to the issue, Capital Alliance and…
The Silk Road Journal by Mahika Ming When Russians travelled into space during Soviet administration (USSR), the individuals (astronauts) were referred to as Cosmonauts (a word with routes in Greek words for universe and sailor). Similarly the Chinese call their astronauts “Taikonauts” combining the routes of the Chinese word for space (Taikong) and the Greek…
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