CAIRO, June 23 (Reuters) – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal authority. Work was under way to finalise a signed settlement agreement as soon…
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public, private and Non-Governmental sector organizations engaged in SME Sector development. This virtual engagement will initiate high level policy discussions with an aim to accelerate economic growth through creating a…
In response to serous oil and hazardous chemical spills triggered by the fire that broke out on a ship carrying hazardous substances in May, the European Union is directing €200,000 (over 48 million Sri Lankan rupees) in humanitarian funding to provide crucial assistance. The aid will benefit 15,000 people who have been heavily affected by…
In its most recent efforts to support the nation during turbulent times, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider once again joined hands with TV Derana under the ‘Dialog with Manusath Derana’ umbrella initiative to provide relief to families and individuals who were impacted by floods. This nationwide response effort is a part of…
Transforming the tourism sector one question at a time Prior to the drafting of the National Tourism Policy, two questionnaires were designed, to make the policy drafting process inclusive and ensure wide stakeholder participation despite COVID-19 restrictions on meetings and workshops. The first questionnaire focused on the current state of tourism in Sri Lanka, and…
Headline inflation, as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 , increased to 6.1 per cent in May 2021 from 5.5 per cent in April 2021. This was mainly driven by the monthly increases in prices of items in both Food and Nonfood categories. Meanwhile, Food inflation (Y-oY)…
Export Performance for May 2021 and the period of January – May 2021 Sri Lanka’s export sector performance has been able to managed its growth momentum in May 2021 with the challenges of this pandemic. “We are happy to see that export levels are reaching fast to the pre-Covid 19 levels despite the continuous multiple…
The Information and Communication Technology Agency (ICTA) of Sri Lanka announces the ‘Digital for Everyone (D4E)’ National initiative. The initiative was launched to collaborate with all stakeholders to enhance digital literacy among citizens. In line with this, many initiatives are planned to take the message of digital technologies and it’s benefits to all segments of…
Highlights the role played by the private healthcare sector in Sri Lanka’s covid response, with testing and Intermediary Care Centers New regulations and restrictions have eliminated almost 50% of the daily contribution in private sector PCR testing Only 50% of private healthcare workers have received vaccinations Calls for mutual trust with the private sector and…
Sri Lanka’s market leader for wood coatings and diversified conglomerate, JAT Holdings, ended FY 2020/21 with a strong and solid performance, against the backdrop of challenging market and economic conditions. Despite recording a marginal nett loss in the first half, owing to the pandemic, the group mounted a successful recovery in the second half, posting…
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