Export Development has reported positive growth in several key export markets for Sri Lanka during March 2024 and the cumulative period of January to March 2024, compared to the corresponding periods in 2023. Among the top 10 export destinations for Sri Lanka, countries such as the UK, Germany, Netherlands, Canada, and China have shown significant
Finance State Minister Dr. Ranjith Siyambalapitiya revealed that despite the official suspension of foreign debt payments, Sri Lanka has paid US$ 2.5 billion in 2022 and US$ 2.6 billion in 2023. The Minister highlighted that the country continues to make substantial annual payments, with an average of around US$ 2.5 billion, although only bilateral foreign
Dr. Gayashika Fernando, a Senior Lecturer in SLIIT’s Mechanical Engineering Department and the first PhD graduate from SLIIT’s Faculty of Engineering, embodies determination and scholarly excellence. Her academic journey, spanning from a B.Sc. (Hons) in Production Engineering at the University of Peradeniya to an MEng in Manufacturing System Engineering at the University of Moratuwa, reflects
Expolanka Holdings PLC has released its financial results for the fourth quarter and full year ending March 31, 2024, showcasing resilience amid challenging macroeconomic conditions. Despite facing a volatile global economy marked by various shocks, including trade tensions and rising energy costs, the company reported Revenue of Rs. 66.0 billion for the quarter, with a
Effective from today, the Maximum Retail Price (MRP) of a 50kg bag of Cement has been reduced by Rs. 50, making it Rs. 2,400. This price adjustment, announced by the industry media, marks a significant step in supporting the local construction sector by offering consumers a cost-saving benefit starting from May 1st. The decision to
HUTCH has introduced a revolutionary nationwide #GetHUTCHed QR Codes system, marking a significant leap in connectivity solutions. This innovative initiative simplifies the process of joining the HUTCH network by allowing individuals to scan a QR code, making it effortlessly convenient. Strategically positioned in key locations across Sri Lanka, from streets to bustling rail stations, these
First Capital Holdings PLC, a member of the Janashakthi Group, has appointed Kuda Banda Herath as an Independent Non-Executive Director to its Board of Directors, effective from April 29th, 2024. Herath brings a wealth of experience with a bachelor’s degree in applied chemistry from the University of Kingston, London. He currently serves as an independent
Speakers at the ‘Mobility and Economic Growth’ event hosted by the Ceylon Motor Traders Association emphasized the need for a cautious and methodical approach in lifting the import ban on vehicles in Sri Lanka. Bingumal Thewarathanthri, Chief Executive of Standard Chartered Bank, warned that lifting the ban abruptly could lead to a rapid increase in
Sri Lanka Insurance Corporation General Limited (SLICGL) recently hosted an enlightening CAR (Construction All Risks) insurance Awareness Session at Courtyard by Marriott Colombo. The session aimed to educate stakeholders from the construction sector and the Road Development Authority (RDA) on the pivotal role of CAR insurance in mitigating risks inherent in construction projects. Led by
Discover the essence of spring with The Body Shop’s exquisite British Rose collection, a celebration of elegance and floral luxury. Enriched with rose petals, rose essence, and rosehip oil, complemented by Community Fair Trade aloe vera from Mexico, this iconic range offers a delightful experience for all skin types. Indulge in the opulence of the