All Blogs

United States Provides 9,300 Metric Tons of Fertilizer to Paddy Farmers in Sri Lanka

The United States officially handed over 9,300 metric tons of urea fertilizer to the Ministry of Agriculture to distribute to more than 193,000 smallholder paddy farmers in Jaffna, Mullaitivu, Mannar, Vavuniya, Anuradhapura, Trincomalee, Batticaloa, and Monaragala districts. The fertilizer, procured by FAO with funding from the U.S. Agency for International Development (USAID), is the first […]

USAID launch Island plastic challenge to help consumer goods companies address plastic waste

In support of the Ministry of Environment’s policy on plastic waste reduction, the United States Agency for International Development’s (USAID) partner, Island Climate Initiative (ICI) under USAID’s global Clean Cities Blue Ocean Program, is calling on innovators around the world to design solutions to help Sri Lanka’s leading consumer goods companies reduce their plastic footprint. […]

china-us-trade

Sinopec to Import and Market Sri Lanka Products at 27,000 Outlets

Sinopec, the giant oil company with over 27,000 service stations in China, entered into an agreement with the Beijing Sri Road Connection Trade Company Limited during the Shanghai CIIE, to import and market Sri Lanka Food and Beverage products at their convenience stores. The contract is worth over USD 0.8 million.  The 5th China International Import […]

Cinnamon Air Resumes Daily Scheduled Flights in Paradise

Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft […]

Colombo-Stock-Exchange

Exterminators PLC transfers to CSE Diri Savi Board

The Ordinary Voting Shares of Exterminators PLC transferred from the Empower Board of the CSE to the Diri Savi Board with effect from 2nd December 2022, a statement said. “The transfer of Ordinary Voting Shares of Exterminators PLC from the Empower Board of the CSE to the Diri Savi Board with effect from 2 nd December […]

drought-lanka

Five Thousand hectares in Monaragala, Kotiagala for farming on a temporary basis

A discussion was held at the Presidential Secretariat yesterday (01) under the patronage of President’s Senior Adviser on National Security and Chief of Presidential Staff Sagala Rathnayake on the utilization of land in Monaragala, Kotiyagala and Kabilitta areas for farming to face the food crisis in the future. These lands were previously reserved for reforestation. […]

colombo

‘s Long-Term Local-Currency IDR to CC; affirms RD Foreign-Currency IDR

FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed […]

ComBank raises Rs10bn after debenture oversubscribed on opening day

The Commercial Bank of Ceylon has announced that its Rs 10 billion debenture issue closed within hours of opening after it was oversubscribed on opening day, Thursday 1st December 2022, in a noteworthy vote of confidence from investors. The debentures to the value of Rs 10 billion are being issued to further strengthen the Tier […]

Mahen Perera Work

CCC Proposals on State Owned Enterprise Reform

The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it can generate through spillover effects. The societal returns too are greater as it links to our day-to-day activities such as the water we drink, the electricity we use, or even the bus or train we ride. Therefore, […]

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