The full Statement issued by the Group as follows: Since the beginning of the recent COVID-19 outbreak, our dedicated health and safety teams have been working with the Government and Public Health authorities to maintain stringent screening processes to ensure the safety of all our employees. We have implemented private PCR testing across all our…
The Committee on Public Enterprises (COPE) held in Parliament on 20 November, disclosed that multiple irregularities have taken place in the construction of the Central Expressway. Accordingly, it was revealed over Rs. 1.7 billion had been spent on feasibility studies alone. The delay in the commencement of work on the first section of the Central Expressway extending from…
Sri Lanka-based Lion Brewery (Ceylon) PLC witnessed a significant growth in exports in first-half of the 2020/21 financial year, despite the fact that the business in local market was adversely affected due to the pandemic. “Whilst business in the local market was adversely affected due to the pandemic, it was satisfying to record a significant growth in…
The Beijing Swift – By Prof. Samitha Hettige © The Belt and Road Initiative (BRI) has more than 150 partners along the Silk Road. Some are rich and powerful some are not. A key feature of the BRI is win-win cooperation. It is the Chinese approach on partnerships. There are no competitors, all are winners….
The upcoming Sri Lanka Economic Virtual Summit 2020, is prepared to host a lineup of contemporary dialogues under this year’s theme ‘Roadmap for Take-Off: Driving a People-Centric Economic Revival’. Day Two of the event will commence with a session dedicated towards a focal topic on “Efficient Government and Progressive State Enterprises”. This session will emphasise…
Triad continues its global winning Streak In their winning work, Sri Lankan based independent agency Triad, have shown sensitivity and understanding of a complex issue. In addition, they have proved that bravery and creativity, rather than a large budget can inspire true behavioral change. At The Indie Awards today, the agency was presented with both a Gold Award…
In its influential standing as a premier professional body in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar on Thursday (19th November 2020) which brought together a host of eminent speakers and panelists who shared their insights on the Government’s National Budget for next year. CA…
The Central Bank of Sri Lanka wishes to inform the public that one of its employees was tested positive for COVID-19 on 19 November 2020. The employee is now under medical care. Acting swiftly following this incident, the Central Bank implemented all necessary measures to prevent contagion, including rigorous sanitisation and disinfection of its Head…
The Board of Investment of Sri Lanka (BOI) signed an Agreement with a leading Chinese Tyre manufacturer in the world, Shandong Haohua Tire Co. Ltd to set up a project to manufacture tyres for the export market. “This significant investment will boost the rubber-based manufacturing industry of the country, while creating new path ways to…
The 2021 Budget unveiled by the Government has given an assurance that the policies will remain unchanged for five years. ‘That itself is good enough for me’, Sri Lankan Billionaire Sumal Perera said whilst addressing the Post- Budget Forum 2021 today (20), that brought in Sri Lanka’s foremost businessmen in the country who control the key…
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