Category: Industry
Green Milestone: Hiruras Wind Power Plant Inauguration by WindForce
On August 6th, Mannar, Sri Lanka, witnessed history as the Hiruras Wind Power Plant of WindForce PLC was inaugurated. Hon. Minister Kanchana Wijesekera, Minister of Power and Energy, led the event, marking a significant stride in Sri Lanka’s renewable energy journey. Notable attendees included Hon. State Minister Indika Anuruddha, Ministry of Power officials, Ceylon Electricity […]
Sri Lanka – India business networking event forges new collaborations
Enhancing bilateral relations and leveraging opportunities for investment were among the focus points of a Business Networking event with a multi-sectoral business delegation from India recently hosted by the Ceylon Chamber of Commerce at the Shangri-La Hotel Colombo. The networking event provided an exclusive opportunity for Members of the Ceylon Chamber to meet with the […]
SL Purchasing Managers’ Index (PMI) – Construction Industry
The construction industry remained contracted in June 2023, recording a total activity index value of 44.4 with most of the companies operating at a sub-optimal level amidst the limited availability of construction projects. However, several respondents mentioned that the steady decline in material prices has induced to commence small-scale construction work. The lack of new […]
Statement by Ali Sabry, on visit to Sri Lanka by Hayashi Yoshimasa, Minister of Foreign Affairs of Japan
My friend Minister HAYASHI, Konnichiwa, Ayubowan and Welcome to Sri Lanka, Friends from the media, It is an honour and a great pleasure for us to welcome Minister HAYASHI Yoshimasa, who arrived on an official visit to Sri Lanka yesterday. Hon. HAYASHI leads a high-level delegation which consists of a number of senior officials of […]
Sri Lanka apartment selling prices show consistent increase in last four months: RIUNIT
Sri Lanka’s real estate expert Research Intelligence Unit says that since the beginning of 2023, the apartment selling price LKR per SqFt has remained steady and in the four months ending June 2023, the suburban apartment selling prices US$ per SqFt have shown a consistent increase. During the eight years ending 2023, RIUNIT says the […]
‘s path to sustainable growth: Embracing a social market economy
● Sri Lanka’s Economic Challenge: A stark contrast between Tamil Nadu’s expected growth of 14% and Sri Lanka’s negative 3.5% this year. ● Ambitious Goal of High-Income Country: President’s vision to achieve high-income status by 2048, requiring 6.5% annual growth from now onwards. ● Bridging the Skill Gap: Concerns over the volume of skilled labor produced in India, […]
Another 7,000 Sri Lankans will get work visas this year: Korean Ambassador
Ambassador of the Republic of Korea, Miyon Lee said that during the second half of this year, 7,000 more Sri Lankans will be issued with visas to work in Korea. There are 25,000 Sri Lankan workers employed in Korea and by the end of this year it will be increased to 32,000, she said. The […]
JKH records EBITDA of Rs.9.23Bn in Q1 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group PBT at Rs.1.40 billion in the first quarter of the financial year 2023/24 is a decrease over the Rs.14.80 billion recorded in the previous financial year. The first quarter of the previous year included Rs.10.12 billion […]
New UN Resident Coordinator in SL commits to work towards 2030 agenda for sustainable development
Newly appointed United Nations Resident Coordinator in Sri Lanka, Marc-André Franche, presented his letter of credence to President Ranil Wickremesinghe, Monday and expressed his appreciation for the longstanding partnership between the UN and Sri Lanka. He also reaffirmed the commitment of the UN Country Team to continue working together with the Government and people of […]
EDB emphasizes dangers of foreign buyers entering Sri Lanka Gem Trade, illegally
The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & Jewellery traders more competitive and simplifying policy measures during the 7th Advisory Committee Meeting held recently. The renowned China Fort Gem Market located in Beruwala and Rathnapura are considered as bustling marketplaces […]
” Investment, Liquidity Pressures: Fitch
The Sri Lankan government’s debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, Fitch Ratings says. Fitch expects pressure on insurers’ investment and capital profiles to ease as the proposed plan will not have direct impact on the local-currency government debt holdings of insurers, banks and non-banking financial institutions. Nonetheless, […]
CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy – Post-Domestic Debt Optimisation’. The event was attended by regulators, senior government officials, business leaders, and CFA Charterholders. The forum was aimed at fostering a constructive dialogue among regulators and […]