Yacht once owned by Liz Taylor and Richard Burton Port City Colombo Marina to be one of the largest in the region with facilities for berthing 200 yachts The Port City Colombo Marina welcomed the MY Kalizma – The Classic Superyacht, once owned by Hollywood screen idols Elizabeth Taylor and Richard Burton. The first Superyacht…
The Information and Communication Technology Agency (ICTA) of Sri Lanka announced that a Memorandum of Understanding (MoU) was signed between the National Library, Documentation Services Board of Sri Lanka, and 18 local authorities to implement the ‘Digital Libraries Project.’ Under this project, twenty-six (26) model digital libraries are being established covering all districts in Sri…
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro,…
One of Sri Lanka’s leading non-bank primary dealers, First Capital Treasuries PLC, a subsidiary of the Janashakthi Group’s First Capital Holdings PLC hosted prospective investors, industry partners, media representatives and members of the public at an investor forum on its upcoming Initial Public Offering (IPO). First Capital Treasuries released the official prospectus for the IPO…
Sri Lanka made a huge splash at the 26th World Route Development Forum (World Routes 2021), which took place in Milan, Italy, recently. By making its presence felt at the forum, Sri Lanka pitched its destination for global airlines to consider it as one of the top holiday destinations for the upcoming winter season and…
In a bid to promote boardroom diversity and establish a network of existing and prospective women directors, the Women Corporate Directors Foundation (WCD)—the largest organization of women corporate board members globally—launched its first local chapter in Sri Lanka yesterday. Supported by IFC, under the IFC-DFAT Women in Work program, this initiative aims to offer a…
Headline inflation, as measured by the year-onyear (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 9.9 per cent in November 2021 from 7.6 per cent in October 2021. Meanwhile, the CCPI measured on an annual average basis, increased to 5.3 per cent in November 2021 from 4.8 per cent in October 2021. Inflation was driven by monthly…
Reuters – Sri Lanka’s retail inflation accelerated to a near decade-high in November, pushed up by surging food prices, government data showed on Tuesday, strengthening views that the central bank could hike interest rates soon. The Colombo Consumer Price index (CCPI) rose to 9.9% year-on-year in November, its highest since July 2012, and well above…
Expresses commitment to and emphasises the need for broader engagement to find a long-term solution Commending the Government’s decision allow private sector imports of fertilizer and agrochemicals into the country, to The Planters’ Association of Ceylon (PA) has offered its support to the authorities in arriving at a long-term solution to the issue, amenable to…
Ahead of its upcoming initial public offering (IPO), Kapruka, the pioneering e-commerce platform that has evolved into Sri Lanka’s largest locally owned global e-com platform, reflects on its journey thus far, and the large corporate footprint and client-base it has developed and served throughout the years. Having launched back in 2002 as a start-up by…
Video Story
