Xinhua – The outpatient building project of Sri Lanka’s National Hospital, a leading hospital in the country, built with Chinese assistance was handed over to Sri Lanka on Tuesday (25). Chinese Ambassador Qi Zhenhong and Sri Lankan Minister of Health Keheliya Rambukwella representing the two sides signed the handover documents and attended a ceremony to…
Reuters – Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund (IMF) programme. President Ranil Wickremesinghe also said the country would discuss debt restructuring with India and the…
The Commercial Bank of Ceylon led Sri Lanka’s banking sector when it received the Business Today Top 40 award from H.E. the President Hon. Ranil Wickremesinghe at the awards presentation on 20th April. This represents the 14th consecutive year that Commercial Bank became the highest-ranked bank and one of the five best-performing companies in Sri…
Highlighting Sri Lanka’s strengths in fields of education such as IT, Accountancy, Engineering, Nursing and Caregiving, the Chairman of The Ceylon Chamber of Commerce Mr. Vish Govindasamy emphasized the opportunities Sri Lanka presents for Nigerian students who are keen to pursue foreign higher education. Mr. Govindasamy made these comments at a meeting with the High…
Providing Japanese Yen Five Hundred and Three Million (Approximately LKR 1.3 bn) Project Grant Assistance from Japan International Cooperation Agency (JICA) for the Project for the Improvement of Infectious Waste Management “Ensure healthy lives and promote well-being for all at all ages” is one of the Sustainable Development Goals targeted to substantially reduce the number…
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of listing and trading of Green Bonds for the first time in the Sri Lankan stock market, with effect from 25th April 2023. Under the Green Bonds concept, proceeds are invested exclusively in green projects that generate climate or other environmental benefits, for example…
Portfolio concentration is a big reason for Berkshire Hathaway’s long-term success. For nearly six decades, Berkshire Hathaway (BRK.A0.37%) (BRK.B0.53%) CEO Warren Buffett has been making his shareholders decisively richer. Berkshire’s Class A shares (BRK.A) have doubled up the total annualized return of the S&P 500, including dividends, since he became CEO (19.8% vs. 9.9%). The…
Tech investor Chamath Palihapitiya, who previously claimed bitcoin has replaced gold and would eventually get to $200,000, now says “crypto is dead in America.” “The United States authorities have firmly pointed their guns at crypto,” Palihapitiya said on the latest episode of the All-In podcast. The SEC has ramped up its enforcement of the crypto…
On April 24th China celebrated its Space day in Hefei, Anhui Province. Main focus of the event was to carry forward the Chinese dream of atomic & space technology. The next steps of the manned spaceflight, lunar exploration, & BeiDou Navigation Satellite system in the coming decades is another focus. To coincide with the event…
Producing specialised gloves for leading global brands across 10 sports Eco-friendly facility fulfils requirements for platinum LEED certification Up to 60% of raw materials sourced locally including recycled PET fabrics Global pioneers in sustainable integrated glove manufacturing, Dipped Products PLC (DPL), a subsidiary of the Hayleys Group, commenced commercial operations at its state-of-the-art manufacturing plant…
