Introduction of Electric Buses. Priority for GPS and E-ticketing facility in providing transport permits. As part of a comprehensive plan to modernize Sri Lanka’s public passenger transport service, the Ministry of Transport is taking significant steps to streamline the system and improve overall efficiency, according to President Ranil Wickremesinghe’s vision for the future. Accordingly, by…
Hayleys Solar, the renewable energy arm of Hayleys Fentons, is proud to announce its partnership with Dipped Products PLC (DPL), on a groundbreaking corporate sustainability initiative. Commencing on June 21st, 2023, the installation of a cutting-edge 1MW system at DPL’s Premier Gloves Manufacturing complex within the Biyagama Industrial Zone marked a key milestone in DPL’s…
Seylan Bank took a key step towards empowering Sri Lanka’s export sector by forging a strategic partnership with the National Chamber of Exporters. This collaborative effort aims to drive the nation’s local products into the global market while providing comprehensive financial solutions and support to both seasoned exporters and ambitious entrepreneurs through the innovative Export…
The Central Bank of Sri Lanka Launched the dedicated Web Portal of the Regional Development Department (RDD Web Portal) on 04.08.2023, signifying its strategic orientation towards financial inclusion initiatives. RDD Web Portal was developed with the financial assistance of the International Finance Corporation (IFC), a longstanding partner of the Central Bank, in promoting financial inclusion…
Pan Asia Bank announced that Mr. Jayantha Rangamuwa is stepping down from the position of Chairman of Pan Asia Bank, after serving for a maximum term of nine years as per governance regulations. In his capacity as Chairman, Mr. Rangamuwa steered the Bank to financial stability through a period of extreme economic turbulence that prevailed…
Innovative and sustainable growth concepts required for the future of Ceylon Tea Sustainable Tea Tourism to fuel global demand for exports and tourism sector Looks to drive low-impact, high-value tourism benefiting estate communities Hayleys Plantations, a member of Sri Lanka’s largest and most diversified conglomerate the Hayleys Group, has embarked on an exciting partnership with…
The Ceylon Chamber of Commerce recently hosted a networking event with a business delegation from the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), offering a platform for Sri Lankan businesses to showcase their companies and explore potential collaboration opportunities with their Indian counterparts. During the meeting, participants engaged in discussions on various sectors,…
Reuters – Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country’s central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday. Weerasinghe said he would like to see private sector interest rates come down further and at a faster pace, adding that the…
Pan Asia Banking Corporation PLC reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for 2023 1H, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality from under high interest rate regime. For the six-month period…
On August 6th, Mannar, Sri Lanka, witnessed history as the Hiruras Wind Power Plant of WindForce PLC was inaugurated. Hon. Minister Kanchana Wijesekera, Minister of Power and Energy, led the event, marking a significant stride in Sri Lanka’s renewable energy journey. Notable attendees included Hon. State Minister Indika Anuruddha, Ministry of Power officials, Ceylon Electricity…
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