Sunday, 10 Sep 2023
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By Lalin Fernandopulle
Sustaining construction sector
Construction contractors have no option other than terminating projects that had commenced which would result in all employees in the construction sector losing jobs due to the staggering cost of construction material and the non-viability of a return on investments, said Past President Chamber of Construction Industry, Ranjith Gunatillake.
He said around 500,000 workers...
The staff level agreement reached with Sri Lanka to support the economy is a positive signal of the Sri Lankan authority’s commitment to policy reforms contingent for the implementation of the International Monetary Fund (IMF) backed support program, said Peter Breuer who led the IMF mission to Sri Lanka last week.
The agreement reached last week is an indication that Sri...
The series of promotional drives to promote the destination will augur well for the tourism industry with travel advisories being relaxed gradually, said Sri Lanka Association of Inbound Tour Operators (SLAITO) Immediate Past President Mahen Kariyawasan said.
He said the industry has the potential to get back to what it was before the Easter Sunday attacks and the global...
Negotiations with the IMF is progressing well and we are confident of a staff level agreement reached soon following a high level delegation from the IMF expected late this month, Central Bank Governor Dr. Nandalal Weerasinghe said.
He was speaking to the media on the bank’s monetary policy stance last week.
He said discussions with bilateral and commercial creditors will...
Ferentino Tyre Corporation, an exclusive Lankan tyre brand, plans to ship around 45,000 tyres within the next three months to North America, a top official of the company said last week.
Elaborating on its markets and plans for them Ferentino Tyre Corporation (Pvt) Ltd. Chief Operating Officer Ushantha Jayalal said the company has been shipping around 12 containers a...
By Lalin Fernandopulle
Perfect Business Solution Services (Pvt) Limited (PBSS) is proud of the award the company clinched at the Ceylon National Chamber...
Mother Teresa, honoured as Saint Teresa of Calcutta in the Catholic Church will be remembered world over in a special way on...
The US-China trade battle and the disorderly Brexit will not go down well for Sri Lanka and many other developing economies...
* Circular economy aims at eliminating waste and continual use of resources* Fashion industry, the second largest polluter in the...
The Bank of Ceylon (BOC) has introduced many loan schemes for small and medium sector entrepreneurs throughout its 80-year...
The much looked forward to operation of the Palali Airport will begin soon with development work on the domestic airport, with...
Sri Lanka Tourism is optimistic with the number of arrivals gradually picking up since the Easter Sunday attacks to reach the two...
The automobile industry will benefit from an economic revival which could be expected following the elections due this year and...
At no point will the United States own or administer land in Sri Lanka under the Millennium Challenge Corporation (MCC) agreement...
Sri Lanka will take another 140 years to reach a GDP Per Capita of USD 12,000 to get to the high income category of countries, if...
The issue with regard to the sticker to be made mandatory on all liquor bottles will be resolved in consultation with all...
South Asia has a vibrant economies and the region is a major market for Sri Lanka. South Asian countries could benefit by...
Brandix, a billion dollar apparel entity, aims at achieving hundred percent carbon neutrality by 2023 in its quest towards...
Sarvodaya Development Finance (SDF) committed to empower rural entrepreneurs will conduct a two-day residential workshop at the...
Countering claims by promoters of oil palm cultivation that it has no adverse impact on the environment, in depth research...
The draft amendments to the asset declaration, bribery and commission laws will be presented to the Oversight Committee on August...
Adopting pre and post solutions to manage and prevent cyber threats is crucial for businesses to survive data breaching which is...
* Big foreign players will help open opportunities for local entrepreneurs, boost competition* Liberalisation move should be...
The free on-arrival visa extended to China and other countries and all the other tour packages announced by Sri Lanka to promote...
The Planters’ Association of Ceylon (PA) advocating the cultivation of oil palm for its multiple benefits to the economy rebuffed...
As short-term (3-10 day) weather forecasts has proved less effective in agricultural planning, the Department of Meteorology (DOM...
Facilities at all popular tourist locations across the country will be upgraded to woo local and foreign visitors to boost the...
The Asian Regional Training and Development Organisation (ARTDO) will bring in over 350 local and international participants for...
The much anticipated and long- overdue Light Rail Transit (LRT) project aimed at modernising the transportation system of the...
Migrant workers are not export commodities but rather human resources which need to be recognised and respected for their...
The National Savings Bank (NSB), the largest licensed Specialised Bank in the country, added another feather to its cap by...
Seth Dev, a home away from home, in Kalpitiya is geared to welcome both local and foreign up-end discerning travellers to indulge...
Expolanka Holdings PLC, recorded a turnover of Rs. 95 billion for the year ended March 31, 2019 and plans are afoot to expand the...
Sri Lanka and Bangladesh have enormous potential to increase bilateral trade which will grow at a steady pace when the Free Trade...
The ‘1,000 Movement’ comprising civil society organisations, human rights activists and trade unions said it will continue its...
Developing a strong business-government partnership locally would help to address the opportunities and challenges from whichever...
Confidence on the global economy among world CEOs is falling and disruption is mounting, key findings of the ‘2019 Global CEO...
Sri Lanka Tourism and Ministry officials came down hard on banks, financial institutions for being slow in complying and carrying...
The Export Development Board (EDB), the apex body driving exports of the country, is working on an export strategy to boost...
The Association of Public Finance Accountants of Sri Lanka (APFASL) has played a key role since its launch in 2012 to improve...
The deployment of a new social registry will enable to better target social safety net programs and help mitigate the impact of...
The Sri Lanka Ports Authority (SLPA) has great plans for the future and they will come into fruition with the implementation of...
Colombo Dockyard PLC, the leading shipbuilding and ship repair service provider in Sri Lanka, launched the Rapid Response Afloat...
The basic fundamentals of the economy is in pretty good shape despite the domestic and external headwinds to the economy, Central...
This is a time for national unity, precisely what is missing in Sri Lanka. When the (9/11) attacks on USA took place, the...
Milco (Pvt) Ltd., the State-run entity, will set up a state-of-the-art milk processing factory in Badalgama, Negombo with an...
Sri Lanka should focus more on the European Union (EU) and other trading blocks and partners to boost trade and investments as...
Small and medium sector traders in the city will be compelled to close down as no solution has been offered by the authorities to...
Exports during the third and fourth quarters will be severely hampered as importers have cancelled trips to Sri Lanka due to the...
The government will review the income and expenditure of the 2019 Budget to avert a budget deficit following all the incentives...
The government must enforce law and order and observe the rule of law and bring all the culprits of the Easter attacks before the...
The tourism industry is recovering faster than expected with a steady stream of visitors, despite the recent terrorist attacks,...
The restructuring and business plan of SriLankan Airlines will continue along with the special air fares that will be offered to...
The onus is now on the authorities to reassure prospective visitors that Sri Lanka has dealt with the Islamic terrorists and...
The tourism industry, a key driver of the economy, cannot be revived by offering packages to lure local and international...