Softlogic Invest, the Asset Management arm of the Softlogic Group, recently marked the second year of operations in the Unit Trust space in Sri Lanka. The Company has strived to offer an innovative approach to making Unit Trust Funds accessible to a whole new generation of aspirational young investors. The Company has enabled technology in…
The High Commissioner of Sri Lanka to Canada Harsha Kumara Navaratne graced the Annual Award Ceremony of the Canadian Immigrant Magazine on 11 August, 2022 in Toronto where two Sri Lankan origin Canadians, Professor Janaka Ruwanpura and Dr. Sivakumar Gulasingam were among the Top 25 Canadian Immigrants of 2022. The annual awards programme celebrates the achievements of inspiring…
INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week. The US$ 3 million investment by INSEE will be the largest warehousing facility inside a port in Sri Lanka for raw materials used in the production of cement. The warehouse…
The Advocata Institute on Monday (August 8th) organized a Monetary Policy Roundtable in conjunction with the Central Bank of Sri Lanka (CBSL) and the New Zealand High Commission. The event was attended by the Governor of the CBSL, Dr Nandalal Weerasinghe; the High Commissioner of New Zealand, His Excellency Michael Appleton; the former Acting Governor…
Hayleys Travels, the travel and leisure arm of blue chip conglomerate Hayleys PLC, has renewed its partnership with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka). The partnership will assist in the promotion of sustainable tourism and leverage on synergistic opportunities in the tourism sector. The post-pandemic growth of travel…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 66.7% in July 2022 from 58.9% in June 2022. This increase in Yo-Y inflation was mainly driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 82.5% in July…
JAAF pledges support to “Resilient Sri Lanka”, a new industry forum to strengthen Sri Lankan manufacturing The apparel industry to navigate supply chain disruptions through innovation and collaboration with the tech industry UK start up Kavida launches AI platform to build supply chain resilience across the manufacturing sector The UK-based start-up Kavida collaborated with the…
an article by World Federation of Exchanges New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the Covid-19 pandemic. The WFE’s Market Highlights report for…
The Board of Investment Sri Lanka (BOI) last week signed an agreement with Browns Fabric Ltd. for a state-of-the-art, modern and one of the largest weft knit fabric production facilities in Kurunegala, North Western Province. The newly established fabric manufacturing plant with an investment of $ 52.3 million plans to commence operations in August 2023….
By Prof. Samitha Hettige The Peoples Republic of China’s Northeast includes three provinces namely Heilongjiang, Jilin and Liaoning (Chinese Navy northern front named its first Aircraft carrier as “Liaoning”). This region was a powerhouse of traditional industries such as steel, automobile, aircraft manufacturing, shipbuilding and petroleum refining etc. (Ref. Chinese sources). Due to problems such…
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