Category: Industry
Opinion: Plastic waste, a goldmine when responsibly disposed and managed
By Mangala Bandara, director of ‘Go Recycling Hub.’ Most developing countries across the globe face the issue of proper waste management, and Sri Lanka is no exception. Each person in Sri Lankan generates around 0.64 kgs of waste daily leading to 4.8 million metric tons of solid waste collected annually, where irresponsible disposal of plastic […]
Event Management Ass. calls for enforcement of COVID-19 safety for functions
Following the easing of Covid-19 restrictions in Colombo, the Event Management Association (EMA) issued comprehensive guidelines for hosting COVID-safe events and called for strictest possible adherence from stakeholders. The EMA’s Handbook, lists out detailed safety and hygiene standards and protocols to ensure that all future events will be hosted in a responsible manner – minimizing […]
Cleanup operation of oil spill at Hambantota International Port completed
The minor oil spill that occurred during bunkering at the Hambantota International Port (HIP) has been cleaned up by the Emergency Response Unit of the port. The oil spill occurred at approximately 6 pm on Sunday, 11th of July 2021 whilst a bunkering barge was refueling a commercial vessel that had called at the port. […]
ICEES partners Toyota Engineering Corporation to bring true Lean capability to Sri Lanka
Innovation Centre for Enterprise Excellence Solutions (ICEES Global) recently partnered with Toyota Engineering Corporation (TEC) in Japan to bring world renowned lean management knowledge and capabilities to Sri Lanka, enabling individuals and organizations to learn from the pioneers in the industry. ICEES Global will be initiating the first ever Toyota Production System (TPS) Training Program […]
CEAT inflates radial tyre production to 600,000 units a year
CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months. The expansion will see Sri Lanka’s top tyre brand take annual radial tyre production to 600,000 – an increase of 16 per cent over […]
Oil spillage reported in Hambantota International Port
An oil spill has occurred at the Hambantota Port at approximately 6 pm on Sunday, 11 July 2021. The incident has occurred whilst a bunkering barge was refueling a commercial vessel that had called at the port. Hambantota International Port Group said that immediate action was initiated by the port as per the Standard Operational […]
ACL Cables completes fourth ‘ACL SAX’ conductor installation project
ACL Cables PLC, Sri Lanka’s No.1 cable manufacturer recently completed another significant milestone with the installation of its fourth ‘ACL SAX’ 80mm² 33KV medium voltage covered conductor electricity transmission project. The installation took place at a site close to Sri Lanka’s largest power station, the Lakvijaya Power Plant, commonly known as Norochcholai Coal Power Plant. […]
‘s cargo handling volume increases amidst pandemic
As 2021 hits its halfway mark, the Hambantota International Port (HIP) records an overall growth in its volumes and diversification of services. The port’s overall cargo handling volume has increased from 420,421 MT by the end of June 2020, to a significant 1,206,425 MT, during the corresponding period this year. HIP continued its operations without […]
SL Retailers’ Association urges for relief measures from PM
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister Mahinda Rajapaksa on June 30 to address the issues and difficulties they are faced with due to COVID pressures in the country. Representatives of SLRA also requested Prime Minister to institute relief […]
SriLankan Airlines to resume flights to Moscow
SriLankan Airlines the National Carrier of Sri Lanka and a member of the oneworld alliance resumes flights to the Russian capital, Moscow. SriLankan’s new service will operate a weekly scheduled flight between Colombo’s Bandaranaike International Airport (BIA) and Moscow’s Domodedovo Airport (DME) from 30th July 2021. Accordingly, SriLankan would commence its flights to Russia every […]
PUCSL signs MOU with USAID’s youth employment and entrepreneurship project
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth employment and entrepreneurship project, YouLead recently providing professional qualification to 45,000 electricians. This initiative aims to channel joint efforts to support and upskill Sri Lankan youth in the electricity sector, and to encourage entrepreneurship […]
Rising interest rates; a lifeline for life insurers: First Capital Research
Life Insurers are expected to benefit from rising interest rates due to the higher investment returns as asset allocation in Life Insurance is skewed towards fixed income earning assets, First Capital Research said in a report. According to the Insurance Sector Report 2021, Govt. securities represents the main investment due to the regulatory requirement to […]