Ceylinco Life has commissioned two large solar panel installations in Anuradhapura and Jaffna which are believed to be the largest in those cities, with a cumulative capacity to generate 120 MWh per year and further reduce the Company’s carbon footprint by 42.6 tons. The Company said the installation in Anuradhapura has a system capacity of…
The MarCom Collective, the industry body comprising of eight associations linked to the advertising and marketing communications sectors as well as businesses and professionals associated with them, continued to engage with its members and other stakeholders to bring to light the diverse issues faced by the sectors and how they could work together to address…
President Gotabaya Rajapaksa recently inspected the Altair Commercial and Residential building which is under construction. The construction of the building commenced in 2012 in the 2.5-acre land adjacent to the Beira lake. The ground floor of the building covers an area of 40,000 square feet. It consists of 404 super luxury apartments in addition to a…
The Export Development Board (EDB) and the Foreign Ministry are working closely together to increase the country’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the export industry. Sri Lanka’s export income which stood at US$ 277 Mn in April 2020 has increased to US$ 1,090 Mn in July 2020 and…
By Prof. Samitha Hettige © There is discussion on the Millennium Challenges Cooperation (MCC) agreement once again in Sri Lanka. One feature in the MCC is developing transportation facilities to improve connectivity in Sri Lanka. Laos sometimes referred to as the land of million elephants is bordering the Peoples Republic of China. Transport facilities in…
As COVID-19 continues to threaten lives and livelihoods across many countries of the Asia-Pacific region, it has led to setbacks in the fight to end hunger and malnutrition, the Food and Agriculture Organization of the United Nations (FAO) announced today. The Asia-Pacific region is home to more than half of the world’s undernourished, and with…
The Federation of Information Technology Industry Sri Lanka (FITIS), the Colombo Stock Exchange (CSE) and the Information and Communication Technology Agency (ICTA) recently conducted a webinar titled “Financing Digital Transformation: Is Going Public the Next Step?”, focusing on how companies in the IT industry can now consider a stock exchange listing in view of the…
The Chamber Academy in collaboration with Asia Securities Investment Banking Team is conducting a knowledge-sharing webinar on deploying financial restructuring as a growth strategy on Thursday, 3 September 2020. Resilient businesses are the engine of Sri Lanka’s economy and will lead the way in driving the country’s growth story. However, Sri Lankan businesses now face…
The shareholders and management of the Asia Securities group of companies (“Asia Securities”) which includes Asia Securities (Pvt) Ltd, Asia Securities Wealth Management (Pvt) Ltd, and Asia Securities Advisors (Pvt) Ltd, would like to unequivocally state that Asia Securities is not related to nor affiliated with Asia Capital PLC. This clarification follows a newspaper article…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 decreased to 4.1% in August 2020 from 4.2% in July 2020. This was mainly driven by the statistical effect of the high base prevailed in August 2019. Food inflation (Y-o-Y) increased to 12.3% in August 2020 from 10.9%…
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