Sri Lanka’s luxury beachfront resort, Citrus Waskaduwa, recently joined hands with Kings Hospital Colombo to commence operations as an Intermediary Care Centre (ICC), strengthening Sri Lanka’s fight against COVID-19. Citrus Waskaduwa, which was one of the first resorts to offer its property and facilities to the government of Sri Lanka to be utilized as a…
Sri Lankan Retail is taking a lead in driving sustainability and aligning their strategies with the values of their consumers. The Sri Lanka Retailers Association (SLRA) in collaboration with the Ceylon Chamber of Commerce recently carried out an informative webinar to discuss how the FMCG and Consumer durable sectors have integrated sustainability into their business…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 03 March 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…
Demonstrating the Company’s spirit of resilience amidst a challenging period, Janashakthi Insurance PLC recorded a 9% overall growth for the financial year 2020, with Gross Written Premiums (GWP) of LKR 3.8 billion. This praiseworthy growth follows the second year of the insurer’s renewed singular focus on Life Insurance, which was a strategic shift that Janashakthi…
The newly appointed Sri Lanka Ambassador-designate to the Kingdom of Thailand C. A. Chaminda I. Colonne assumed duties on 01 March 2021, at the Sri Lanka Embassy in Bangkok, Thailand. The Embassy is concurrently accredited to the Kingdom of Cambodia, Lao Democratic Republic and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). During the occasion, Buddhist, Hindu, Christian and Islamic religious…
LONDON (Reuters) – Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again. Most major investment banks were predicting a stellar 2021 for emerging market assets as long as one crucial snag – global borrowing costs rising too fast –…
At the MWC Shanghai 2021, Bill Tang, President of Huawei Global Technical Service, launched the General Digital Engine (GDE) platform. The GDE adopts the “1+4+N” architecture: “1” refers to an open cloud-native platform; “4” means four capabilities that enable data sharing, intelligent production flow, capability sharing, and Integrated low-code self-development. The platform introduces digital and…
SriLankan Airlines carried a record-breaking 1.2 million kilogrammes of cargo from its network to Malé, Maldives, in February 2021. The Maldives is one of the few open, and highly popular, island destinations in the world for travellers. Since the pandemic, perishable goods have been in high demand. Its island neighbour Sri Lanka supplied a large…
First ever Bi-lateral discussion to develop local pharma manufacturing took place between Sri Lankan and Pakistani private pharmaceutical manufacturers. Discussion presided over by State Minister Channa Jayasumana and ministry officials Pakistan pledges investment and sharing of technical knowhow in pharmaceuticals manufacture. The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) facilitated a bilateral meeting on the 24th…
The Vehicle Importers Association of Sri Lanka has requested a meeting with President Gotabaya Rajapakse to discuss the challenges facing the industry due to the ongoing ban on the importation of motor vehicles. The import ban, which has been in force since March 2020, has gravely impacted vehicle importers and all related industries. Vehicle importers as…
Video Story