The economic crisis of Sri Lanka has resulted in a sharp increase in the country’s poverty. According to the World Bank press release on April 2, 2024, people living below the international poverty line of US $ 3.65 a day, have increased to 25.9 percent of the population in 2023 from 14.3 percent in 2019.
Saudi Arabia aims to utilise her vast arid lands to harvest renewable energy resources and to increase her share of renewables to around 50 percent by the year 2030. This is similar to Sri Lanka’s stated goal of 70 percent renewable energy usage by 2030. However, sadly this is where the similarity ends.
Despite a notable reduction in formal cigarette consumption, the use of informal cigarettes such as beedi cigars remains a significant concern in Sri Lanka.Continued beedi consumption, especially among the poor, demands sustained efforts and innovative approaches to control tobacco use. A new publication by the Institute of Policy Studies of Sri Lanka (IPS) titled “Strategies to Curb Beedi and Smokeless T
Ceylon Eco Friendly Products (Pvt.),which came up with an innovative project to recycle shredded currency, had got clearance from international patent rights bodies and is now slated to start up an international level business.
dnata Travel Group, a leading Dubai-based travel services provider, part of the Emirates group, is launching a travel industry event in Sri Lanka this June, ‘Horizon: Sri Lanka’, hosted by senior representatives from its global brands, amidst growing demand for travel to the island country. For dnata Travel Grou
On May 16, a few experts from the education sector gathered at the Centre for Poverty Analysis (CEPA) in Colombo for a roundtable discussion on ‘inequalities’ of the proposed National Education Policy Framework (NEPF) of Sri Lanka, organised jointly with the University of Nottingham. The discussion was confined mainly to early, primary and secondary public education, although the NEPF covers all sub-sectors, including tertiary education and priv
People’s Leasing & Finance PLC, a leading non-banking financial services provider in Sri Lanka, has demonstrated remarkable resilience and strategic foresight in its financial performance for the fiscal year 2023/24. The com
The Commercial Bank Trade Club, a platform created by the bank to empower importers and exporters by providing them easy access to the bank’s trade services, recently hosted an event for more than 100 customers, to foster economic grow
Pan Asia Bank announced the partnership with the Institute of Bankers of Sri Lanka (IBSL). This collaboration will be a key factor for Pan Asia Bank to offer the students of the IBSL the most important practical training opportunities based on the Practical Training Guidelines set by the IBSL. Commenting
Eco Tablet, which has introduced many vehicle-care solutions using nano technology, has launched its latest products, Glass Reborn and Glass Cleaner Rain Drop, which clean all the glass and side mirrors of vehicles and give them a brighter and transparent look. Glass Reborn removes dust particles, acid rain stains and minor scratches from front and rear windshields, door and quarter glasses an
Trade Promoters Limited celebrated its five-year milestone of revolutionising the Maldives’ energy sector through its appointed dealer Electrify Maldives. Electrify Maldives, representing Cummins in the Maldives, has been at the forefront of providing cutting-edge power solutions ba
Seylan Bank PLC, in collaboration with the Asian Development Bank (ADB) and government of Sri Lanka, will disburse working capital and long-term loans from the ADB, aimed at bolstering the small and medium enterprise (SME) sector in the country. In an effort to stimulat
Colombo Stock Exchange (CSE) Commercial Division Senior Vice President Punyamali Saparamadu provided a detailed overview on the strategies adopted by the CSE to stimulate growth and broaden its revenue sources. Her insights also highlight the new product portfolio as well as issuer relations initiatives of the CSE.
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Sri Lanka Tourism invites global travellers for upcoming season
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Rs. 10 million contract killing averted