Category: Featured
Despite strong growth, South Asia remains vulnerable to shocks: World Bank update
Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its […]
Eshan Pieris: Sri Lankan racer set to take on Sepang 12 and GT World Challenge Asia 2024
Sri Lankan racing sensation Eshan Pieris is geared up for a remarkable 2024 racing season, kicking off with the highly anticipated 12 Hours of Sepang, followed by the GT World Challenge Asia 2024 in April. As a key member of the absolute racing family, Eshan Pieris, along with teammates Anderson Haryanto and Dorian Boccolacci, is […]
Shaping tomorrow, panel discussion emphasises need for strong female influence
A diverse and esteemed panel came together to delve into a crucial conversation surrounding the significance of impactful female figures in shaping the aspirations and dreams of future generations. The panel discussion served as a platform highlighting the critical need for recognising and celebrating the remarkable achievements of prominent female personalities in the public sphere […]
Dhaka Chamber discusses economic cooperation with Sri Lanka HC
High Commissioner of Sri Lanka to Bangladesh Dharmapala Weerakkody accompanied by Counsellor / Commerce of the High Commission Srimali Jayarathne held a productive meeting with the newly appointed President of the Dhaka Chamber of Commerce and Industry (DCCI) Ashraf Ahmed on 24 March 2024 at the DCCI office in Dhaka. During the meeting, DCCI President […]
Ripples of difference: Empowering communities through sustainable water practices
In the rich tapestry of Sri Lanka’s history, ancient civilizations developed hydraulic engineering systems over 2,000 years ago. Today, these reservoirs, comprising over 1,000 cascades and 15,000 small tanks, remain integral to rural communities, sustaining livelihoods and ensuring food security amidst modern challenges. However, according to the UNDP, approximately one- third of the population faces […]
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross […]
Powering the future: Innovations driving electric vehicle revolution
New Energy Vehicles (NEV) are no longer a futuristic vision; they’re rapidly transforming the automotive landscape. This shift wouldn’t be possible without ground-breaking innovations that have addressed key challenges and made NEVs more efficient, safer, and sustainable. Leading the charge in these advancements is BYD, a company proving that electric mobility is not just feasible […]
Opinion: Tax-payers receive bill for SriLankan’s colossal losses: Advocata
The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee loans borrowed by Sri Lankan Airlines from state-owned Bank of Ceylon and Peoples’ Bank. Sri Lankan Airlines is bankrupt. No buyer will be prepared to take on both a […]
SJB Parliamentarian Eran Wickramaratne resigns from COPE
COPE has been established to ensure the observance of financial discipline in Public Corporations and other Semi Governmental bodies in which the Government has a financial stake. By appointing a ruling party member as its Chairman, the committee fails to meet its objectives of keeping a check on the executive arm of the government. To […]
Ceylon Chamber calls for collaborative solutions on debt recovery framework
The Ceylon Chamber of Commerce is deeply concerned about the decision by the Cabinet of Ministers to temporarily suspend the parate execution law. While we understand that certain businesses essentially in the SME sector need to be supported in the current economic climate, providing that support in the form of curtailing credit recovery measures is […]
Backbay Solar and Orbital Energy commissions 2-megawatt capacity solar plants in East
Backbay Solar (private) Limited commissioned 2-megawatt ground-mounted solar power plants in Kommathurai Batticaloa on Sunday 10th March 2024, which are a part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed by Sino Lanka Power Gen, a leader in commercial rooftop solar installations with approximately 50MW of projects […]
CA Sri Lanka forum unites experts to explore solutions and debate challenges on SOE restructuring
Stepping up in its standing as the National Body of Accountants and as a leading professional body, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) took the initiative to bring together experts to focus on the highly debated restructuring process of State-Owned Enterprises (SOEs). The enlightening forum, held on 04 th March […]