Top News

Suspension on Perpetual Treasuries further extended

The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further…

(0)Comments | July 5, 2021 9:42 pm

Exciting new additions to Janashakthi Life’s Board of Directors

Mahela Jayawardena, Warini De Costa, Annika Senanayake, Dinesh Schaffter and Ravi Liyanage join Janashakthi Life’s Board ushering in a new era Janashakthi Insurance PLC, announced exciting new additions to its Board with the appointment of five new directors; Mahela Jayawardena, Warini De Costa, Annika Senanayake, Dinesh Schaffter and Ravi Liyanage. While the new appointments to…

(0)Comments | July 5, 2021 9:39 pm

Ministry of Power and UNDP to convene the Colombo Development Dialogues on Green Development

The policy dialogue series is expected to contribute to the National Green Development Agenda The Decade of Action for the Sustainable Development Goals (SDGs) demands the mobilization of everyone everywhere, grounded on a level of ambition that supercharges ideas into concrete, bold and implementable solutions. Thus, we need to renew our determination to enact a…

(0)Comments | July 5, 2021 1:17 pm

Tea Smallholders estimate 30% drop in yield by end 2021, 50% by March 2022

Reiterates support for strategic transition to organic cultivation Warns of collapse in rural economies in absence of immediate solutions to fertilizer shortage Some smallholder plots already deprived of fertilizer for 6 months Reduction in quality of harvest anticipated by September Calls for compensation scheme proposed by Government to be applied to tea smallholders Sri Lanka’s…

(0)Comments | July 5, 2021 11:46 am

JAT Holdings announces forthcoming IPO and Virtual Investor Forum

JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, recently announced the firm’s intention to enter an Initial Public Offering (IPO) on the 20th of July 2021. Prior to the IPO, JAT Holdings will host a virtual forum scheduled for the 08th of July 2021, extending its invitation to the public to partake…

(0)Comments | July 5, 2021 9:05 am

Apparel community immunization ramping up; 30% received first dose vaccines as of end June

Rate of vaccination increasing exponentially with support of Minister Namal Rajapaksa, Ministry of Health and PHIs Vaccination coverage increased from 5% to 30% in the last few weeks 50% of workforce to receive first jab within next two weeks Targeting 80% to have first dose by August, and entire workforce before the end 2021 Joint…

(0)Comments | July 4, 2021 6:02 pm

Sri Lanka Tourism enables sustainable development

The COVID-19 global pandemic may have ravaged the global travel and tourism industry, but it has also provided a one-of-a-kind opportunity to press the reset button for the sector. Capitalizing on this opportunity, Sri Lanka Tourism is charting a new environmentally-friendly way forward for the sector to navigate the future in a sustainable manner. Sustainable…

(0)Comments | July 4, 2021 5:51 pm

Bloomberg Lists Sigiriya as one of the new Seven Wonders of the World

Sustaining its brand visibility and universal appeal on a global platform, Sri Lanka Tourism is once again in the spotlight with the recent recognition by Bloomberg Businessweek. The Sigiriya Rock Fortress was listed as one of the new Seven Wonders of the World, making Sri Lanka the only Asian country to make it onto the…

(0)Comments | July 4, 2021 5:48 pm

Discussion Series on the Proposed Data Protection Bill to Enable a Thriving Digital Economy

The Information and Communication Technology Agency (ICTA) of Sri Lanka recently conducted a three-day series on the Proposed Data Protection Bill to enable a thriving digital economy. The three-day program was conducted on the 15th,16th, and 17th of June with eminent speakers from the industry and legal fraternity. Over 400 participants consisting of C-level and…

(0)Comments | July 4, 2021 5:01 pm

Batticaloa International Airport to be developed to support the domestic aviation industry

A special meeting was held on 1st July 2021 at Batticaloa International Airport (BTIA) with the participation of Hon. Prasanna Ranatunga, Minister of Tourism, Hon. D V Chanaka, State Minister of Civil Aviation and Export Zone Development, Representatives of Members of Parliament of Batticaloa district, Major General (Rtd) G. A. Chandrasiri, Chairman AASL, Mr. Rajiv…

(0)Comments | July 4, 2021 4:54 pm