In an effort to push Sri Lanka towards electric mobility (e-mobility) so that low-carbon solutions can be adopted, the United Nations Development Programme (UNDP) and the government yesterday launched a project to convert 500,000 Tuk-Tuks to electric vehicles (EVs) or e-Tuk-Tuks over a five-year period.
Sri Lanka plans to formally apply for Geographical Indication (GI) for Ceylon Tea from the European Union (EU) this September, with intentions to replicate the same move in other key markets of Ceylon Tea subsequently.
Sri Lanka’s apparel export earnings could slump by US $ 1 billion this year as a result of the demand slowdown in key export markets amid rising inflation and higher interest rates, a Reuters news report said quoting a top official of the Joint Apparel Association Forum (JAAF).
Sri Lankans are leaning towards stronger disagreement regarding equality of opportunity, the findings of the latest Sri Lanka Barometer revealed, indicating that more needs to be done to address the causes of conflict and discrimination since the end of the war.
Capital market regulator, the Securities Exchange Commission (SEC), has issued a directive suspending former Taprobane Securities (Pvt.) Ltd CEO Dinal Wijemanne from functioning as a key management person and taking part in any activities involving clients as a registered stockbroker, amid the pending legal proceedings on his alleged involvement in share price manipulation of Ceylon Grain Elevators PLC (GRAN), during the 2010-2011 period.
The International Monetary Fund (IMF) plans to support the government to come up with a strategyto safeguard financial sector stability in a potential domestic debt restructuring (DDR) scenario, a top official of the Fund said.
Finlays, a leading global supplier of tea, coffee and botanical ingredients and solutions, yesterday said it has reached an agreement to sell its James Finlay Kenya tea estates business to Sri Lanka’s Browns Investments PLC.
Moose Clothing Company has made yet another commendable move to expand the global footprint of the brand through their latest partnership with the well-known retail giant - Mustafa Center in Singapore.
The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises.
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented yesterday to President Ranil Wickremesinghe, who is also the Minister of Finance, Economic Stabilisation and National Policies, by Dr. P Nandalal Weerasinghe, the Governor of Central Bank of Sri Lanka.
In a move to break the barriers that prevent persons with disabilities from better integrating into society, Twinery - Innovations by MAS – the changemakers of innovative clothing across the world, together with Linea Aqua, aim to break through the stigma surrounding disability by changing the narratives that discriminate.
With the recent introduction of Indian Rupees (INR) as a designated foreign currency by the Central Bank, Standard Chartered Sri Lanka has completed its first INR transaction for a multinational corporate client in the form of an outward telegraphic transfer between Sri Lanka and the Bank’s office in Mumbai India.
Sri Lanka’s tea exports dipped 22 percent year-on-year (YoY) to 17.97 MnKgs in March continuing the declining trend seen in both tea production and exports in recent times, the data released by Forbes & Walker Tea Brokers showed.
Mobitel operational offices are scheduled to move into a new state-of the art operational headquarters located in Welikada in May by bringing an estimated savings of Rs.300-400 million per annum on rent for Sri Lanka Telecom PLC (SLT).
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
New Board of Directors appointed for SriLankan Airlines
Easter attack: controversy swirls further high
Catholic Church rebuffs Gammanpila’s allegations
Easter Sunday attack: Ravi Seneviratne’s name implicated
SL unveils new ’P’ series passport with enhanced security features