High Commissioner of Sri Lanka to South Africa Sirisena Amarasekara met the Convener of the Progressive Business Forum of the African National Congress Sipho Mbele on 28 July, 2021 at the official residence. The prime objective of this meeting was to refresh the longstanding relationship with the business arm of the African National Congress and enhance the existing bi-lateral trade relations with…
By Dr. Roshan Rajadurai The recent move by the government to ensure the availability of fertiliser critical for the country’s agriculture sector is welcomed by all industry stakeholders – including the Regional Plantation Companies (RPCs), which cultivate tea, rubber and other plantation crops. This is a crucial source of support at a time the tea…
Critical emergency medical equipment has been made available to 78 hospitals across the country for the COVID-19 response through a partnership between the World Health Organization (WHO) and the European Union (EU). These include high dependency unit (HDU) beds, finger pulse oximeters, oxygen concentrators, oxygen jumbo cylinders, and other urgent supplies. The supplies are part…
By Sudath Perera, Managing Partner, Sudath Perera Associates Pursuant to the World Anti-Counterfeiting Day, which fell on 8th June 2021, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy. The World Anti-Counterfeiting Day was established by the Global Anti-Counterfeiting Group (GACG) to address the…
Nations Trust Bank continued to demonstrate its resilience in performance during the year. The loan portfolio increased by LKR 26 billion recording a 12% growth during the first six months of the year despite the challenging business environment. While continuing to provide working capital loans under the “Saubagya” scheme introduced by the government, the Bank…
The Information and Communication Technology Agency (ICTA), announces that Mr.Oshada Senanayake has assumed duties as Chairman, ICTA, taking over the reins from his predecessor, Professor Lalith Gamage. His appointment to the current role is to lead and accelerate the digital transformation initiatives envisioned for Sri Lanka through the ICTA as the apex body of driving…
Following a successful Initial Public Offering (IPO), JAT Holdings is en route to commence trading of shares on the 12th of August 2021. Oversubscribed on the first day, the JAT IPO raised Rs. 2.2 billion by offering 82,904,846 ordinary voting shares to the public. The IPO price per share stood at Rs. 27.00 and offered…
The COP26 Regional Ambassador for the Asia-Pacific and South Asia Ken O’Flaherty congratulated Sri Lanka for timely submission of its updated Nationally Determined Contributions (NDCs) with ambitious commitments on renewable energy and net zero carbon, as well as a pledge for “no more coal.” He reiterated that the commitment at the highest level of policy…
The Sri Lanka – Greater Mekong Business Council of the Ceylon Chamber of Commerce held its 10th Annual General Meeting on 07th July 2021 virtually. Her Excellency, Ho Thi Thanh Truc, Ambassador of Vietnam in Sri Lanka graced the event as the Chief Guest. Ranil Seneviratne, President of the Council stated that the period under…
Emirates’ latest ad features its cabin crew on the tip of the Burj Khalifa, joining an elite group of individuals Emirates is no stranger to bold advertising but its latest commercial takes it up a notch. The new advertisement features an Emirates cabin crew member in full uniform standing tall on the tip of the…
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