Top Sri Lankan conglomerate, E.B. Creasy & Co. PLC, has declared a whopping 60% dividend payout, from the distributable profits of the company for FY2020/21. This is a huge 456% increase over the Company’s dividend pay out during FY 2019/20 and comes on the back of E. B. Creasy & Co. recording huge YoY gains…
The necessity of developing an integrated system that integrates digital banking, block chain technology and crypto currency mining and other essential services has been identified to facilitate the creation of a digital business environment. Many countries in South Asia have already begun to evaluate through this sector and develop the said sector, and prior attention needs to be given…
Reuters – Growing worries about defaults at Chinese property developers triggered a rout in their shares and bonds on Tuesday with fresh credit rating downgrades and uncertainty about the fate of cash-strapped China Evergrande Group sapping investor sentiment. Once China’s top-selling developer, Evergrande (3333.HK) is facing one of the country’s largest-ever debt restructurings as it wrestles with…
Experts reiterate at UNDP’s Colombo Development Dialogues on Education and Technology With the onset of COVID-19, the world has seen disruptions to traditional forms of education. In Sri Lanka, since the first wave and the resulting lockdown in March 2020, schools have been largely dysfunctional with the levels of online learning varying between public and…
A team of senior European Union (EU) officials began an official visit to Sri Lanka on 27th September 2021 to review Sri Lanka’s progress in implementing the 27 international conventions applicable under the Generalised System of Preferences Plus (GSP+). These conventions, ratified by Sri Lanka, cover human and labour rights, environment and climate, as well…
The Silk Road Journal by Mahika Ming All 168 targets set in the 2016 – 2020 human rights action plan which was released in 2016 by the Peoples Republic of China has been achieved as per sources. According to many in the international community, China followed a “people-centered concept respecting & protecting human rights promoting…
Since the first announcement in June 2020, expectations have been high on the potential of the Eravur Fabric Processing Park to catalyze a new era for Sri Lankan textile and apparel manufacture. Supported through the Ministry of Industry and Commerce and the Board of Investment (BOI) of Sri Lanka, working in close collaboration with the…
The Ambassador of Indonesia, H.E.I Gusti Ngurah Ardiyasa recently paid an official visit to Watawala Plantations, one of Sri Lanka’s largest, and pioneering plantations, within the agricultural industry. On the 21st of September, the Ambassador together with Mr Rasyid Mahmuddin, First Secretary at the Embassy of Indonesia in Colombo, visited the plantation on a special…
MV Thalassa Patris (370 meters long) container ship own by Evergreen Line was sailing from Singapore to Europe via Suez. The ship had passed Sri Lanka on September 30, 2021, when the crew members discovered a cargo container onboard emitting smoke. The agent of the ship Evergreen Shipping Agency Lanka (Pvt) Ltd (Hemas Group) informed…
Sri Lanka Tourism has taken several strategic measures to increase visibility and appeal to a wider global audience both in key source as well as emerging niche markets. France is one such market of vital importance and accounts for anywhere between 4.5% -4.7% of the island’s annual arrivals. As a key source market, Sri Lanka…
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