Official Food inflation stood at 57.4% in May, the highest ever year-on-year food prices ever recorded since 2004. Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food, also recorded its highest ever increase of 71% from May 2021 to May 2022 and an increase of 13% over the…
By Prof. Samitha Hettige SL is in a crisis and that can be a catalyst for positive change. Business tycoon and Ex Secretary Ministry of Highways Dhammika Perera must be making moves with long term plans for him and his country. He isn’t the first self made to make such moves. Upali Wijewardena ran faster…
SriLankan Airlines brought home two prestigious titles from The APEX Passenger Choice Awards® presented in Dublin on 8 June 2022. SriLankan was bestowed the 2022 Passenger Choice Awards® for Best Cabin Service for the first time and Best Wi-fi for the second time in Central/Southern Asia by the Airline Passenger Experience Association (APEX). One of…
UNOPS signed an Agreement with the South Asia Co-operative Environment Programme (SACEP), an intergovernmental organization headquartered in Sri Lanka, to support them in the implementation of the World Bank funded Plastic Free Rivers and Seas for South Asia Project (PLEASE). The PLEASE project catalyzes actions to strengthen innovation and coordination of circular economy solutions to…
The COPE has revealed that 35 university lecturers who went abroad on study leave at the University of Moratuwa alone were found to be in arrears of Rs. 51,649,961 as at 31 December 2021 due to breach of contract and bonds. It was also revealed that the amount due from 16 lecturers who had breached…
The Foreign, Commonwealth & Development Office has relaxed its advice for visiting Sri Lanka and no longer warns against all but essential travel. Last month, the FCDO said people should only travel to the Indian Ocean destination for essential purposes due to the “ongoing political and economic instability”, which has seen prime minister Mahinda Rajapaksa…
The Information and Communication Technology Agency (ICTA), announces the launch of the Fuel Information Management System to provide greater efficiency in fuel Distribution Island-wide. The initiative is a collaboration between ICTA, Ceylon Petroleum Corporation, and the Ministry of Power and Energy. The fuel information management system will provide the public with visibility about the fuel…
Sunshine Holdings (CSE: SUN) announced the appointment of Sivakrishnarajah Renganathan (S. Renganathan) to the Company’s Board as an Independent Non-Executive Director with effect from 27th May, 2022. With the new appointment, the Board of Sunshine Holdings will be comprised of 11 Directors, eight of which are non-executive, independent directors. With a rich tenure of 41…
A benchmark to city development Sri Lanka’s most comprehensive development regulations – the Development Control Regulations (DCR) – introduced by Port City Colombo, was gazetted recently and is now being enforced. An awareness program on the DCR conducted by the Colombo Port City Economic Commission was held at Port City Colombo, Thursday (09). The DCR…
Reuters – An International Monetary Fund (IMF) delegation will visit Sri Lanka on June 20 for talks as the country looks for a loan programme from the lender to deal with its worst economic crisis in seven decades, the prime minister’s office said on Friday. Prime Minister Ranil Wickremesinghe “was hopeful that a staff-level agreement…
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