Colombo Dockyard PLC (CDPLC) On 21st September 2022 delivered “Misje Vita”, 5000DWT EcoBulk Carrier built for Misje Eco Bulk AS, Norway (Misje). CDPLC signed and executed shipbuilding contracts with Misje Eco Bulk AS (Misje) a Norwegian company, a fully owned subsidiary of Kåre Misje & Co in March 2020 for four vessels and in December…
Tea Producers Can Access Real-Time Data, Value & Grade Teas and View Business Intelligence Reports OKLO Private Limited, a leading Sri Lankan solutions provider for the Ceylon Tea e-Auction platform, recently added an all-new segment for factories in its SmartAuction platform. This new feature provides over 650 factories with the chance to value and grade…
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 70.2% in August 2022 and inflation calculated for the July 2022 was 66.7%. With respect to August 2021, the Reported inflation for the month of August 2022 was mainly due to the higher price levels prevailed in both food and non-food groups….
SriLankan Airlines partners with the Bank of Ceylon (BOC) and reaches a new milestone in mobile technology and payments at the airline’s cargo terminal in Katunayake with the introduction of the BOC SmartPay mobile platform facility. The BOC SmartPay is a digital payment solution that is designed to deliver greater convenience and security for customers’…
PETALING JAYA: Malaysian government has agreed to bring in 10,000 migrant workers from Sri Lanka in view of the South Asian country’s economic crisis. Human resources minister M Saravanan said the Sri Lankan government had made an official request to supply migrant workers to Malaysia. He said the decision to accept the workers was one…
Reuters – India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to support the crisis-hit neighbour mainly through long-term investments after providing nearly $4 billion of financial aid. Sri Lanka, a tourism-dependent South Asian country of 22 million, is struggling with its worst economic crisis in more…
Instructions from the Minister of Ports and shipping to expand the role of institutions falling under the Ministry The Minister of Ports, Shipping and Aviation Hon. Nimal Siripala de Silva gave instructions to the relevant officials yesterday (20), in Parliament, to expand the operations of the Sri Lanka Ports Authority and other institutions under the…
Speaker Hon. Mahinda Yapa Abeywardena announced to Parliament today (21) that he endorsed the certificate yesterday (20) on the Social Security Contribution Levy Bill. This bill was passed by majority vote in Parliament on 08th September. Budget 2022 introduced the Social Security Contribution Levy as a measure to raise government revenue and rebuild the economy…
UN resident coordinator in SL recently appealed to SL’s friends to donate food, medicine etc. to help SL face the crisis (Ref. Media). There is much discussion on paddy prices and sufficient rice stocks in the coming months. There were also concerns about chemicals mixed with the imported rice. However relevant officials denied those allegations….
With great crises comes even greater opportunity for growth, as witnessed in Sri Lanka over the last two months alone. As the country cautiously emerges from the crippling fuel crisis of July, many attribute the quick adoption of the National Fuel Pass QR code system for bringing ease to the situation. In a landmark move…
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