Sunday, 10 Sep 2023
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By Lalin Fernandopulle
Sustaining construction sector
Construction contractors have no option other than terminating projects that had commenced which would result in all employees in the construction sector losing jobs due to the staggering cost of construction material and the non-viability of a return on investments, said Past President Chamber of Construction Industry, Ranjith Gunatillake.
He said around 500,000 workers...
The staff level agreement reached with Sri Lanka to support the economy is a positive signal of the Sri Lankan authority’s commitment to policy reforms contingent for the implementation of the International Monetary Fund (IMF) backed support program, said Peter Breuer who led the IMF mission to Sri Lanka last week.
The agreement reached last week is an indication that Sri...
The series of promotional drives to promote the destination will augur well for the tourism industry with travel advisories being relaxed gradually, said Sri Lanka Association of Inbound Tour Operators (SLAITO) Immediate Past President Mahen Kariyawasan said.
He said the industry has the potential to get back to what it was before the Easter Sunday attacks and the global...
Negotiations with the IMF is progressing well and we are confident of a staff level agreement reached soon following a high level delegation from the IMF expected late this month, Central Bank Governor Dr. Nandalal Weerasinghe said.
He was speaking to the media on the bank’s monetary policy stance last week.
He said discussions with bilateral and commercial creditors will...
Ferentino Tyre Corporation, an exclusive Lankan tyre brand, plans to ship around 45,000 tyres within the next three months to North America, a top official of the company said last week.
Elaborating on its markets and plans for them Ferentino Tyre Corporation (Pvt) Ltd. Chief Operating Officer Ushantha Jayalal said the company has been shipping around 12 containers a...
By Lalin Fernandopulle
On the brink of starvation:
The authorities should either allow fishermen to sell their cache for at least a few hours a day to enable them to make a living...
PBSS Group adds another feather to its cap
The PBSS Group withstood the storms of the Covid-19 due to the information system that was in place which enabled the company to...
The United States will constantly seek new opportunities for US businesses to partner and support small and medium sized...
Persons with disabilities and organisations supporting them call upon the Government to expedite the enactment of...
The world will have to learn soon to cope with the effects of globalisation and manage it well to maximise benefits and minimise...
Most politicians are known for upsetting the apple cart rather than helping ease tensions and ameliorating living standards of...
Sri Lanka should take a cue from business leaders and celebrities around the world who have volunteered to forgo their...
The informal sector which comprises the Small, Medium and Micro enterprises (SMEs) that accounts for over 70 percent of the...
Energy sector experts and business chamber officials call upon the authorities to implement the fuel pricing formula to pass on...
The Central Bank (CB) will work closely with all troubled financial institutions on a three to six month company specific program...
Despite setbacks
Despite the adverse impact of the recent outbreak of the coronavirus and prior to it the Easter Sunday terror attacks, the...
Financial sector stability has been shaken by statements made by the regulator regarding sick financial entities in the country...
Traditional university education will be obsolete in time to come due to online research and academic work that has enhanced...
Migrant workers continue to receive step-motherly treatment when it comes to ensuring their rights and one such concern is the...
Sri Lanka will sign six Double Taxation Avoidance Agreements (DTAAs) which has been pending for some time, to facilitate and...
The Ceylon German Technical Training Institute (CGTTI) will introduce a short program aimed at training trishaw and motorcycle...
Sri Lanka should open more gates for credit disbursement with effective credit management policies breaking away from...
Top priority should be given to address the debt burden of the country which would derail growth prospects if sidelined and steps...
The Sri Lanka Insurance Corporation (SLIC) will be the leader in the insurance industry which is the wish of Prime Minister...
Oil palm cultivation does not have an adverse impact on the environment rather it contributes to preserve the ecology. Banning...
The new year looks good for architecture in Sri Lanka as the industry will benefit from the tax withdrawals and reductions which...
German companies see enormous potential in Sri Lanka and are committed to invest in the country amidst the turbulent times for...
The dismal trade performance, poor air connectivity, lack of concern for the environment and regional security were some of the...
Sri Lanka as a tourist destination has the potential and the ideal recipe to allure at least nine million tourists per year. This...
Foreign Direct Investment (FDI) would reach around US$ 1.5 billion this year which is relatively not bad, but promising, given...
Sri Lanka’s bilateral trade with Australia will grow in the coming years as both countries are keen to build new partnerships and...
The environment should be managed by an independent body comprising environmental experts and professionals and not by a ministry...
Resumption of flights to Frankfurt and launching flights to new destinations with potential for tourism will help the tourism...
The Sri Lanka Tourism Promotion Bureau (SLTPB) expects the number of arrivals from Belgium to double following the outdoor...
Laugfs Group which listed its subsidiary Laugfs Power Ltd. in the Colombo Stock Exchange (CSE) on Wednesday plans to list more of...
The unveiling of the election manifestoes of the two front-runners of the presidential polls and the reduction in the Fixed...
The Sri Lanka Tourism Promotion Bureau will float tenders calling for global PR partners to bid for the Global PR campaign which...
Sri Lanka could be a beneficiary of the escalating trade tensions across the globe that is compelling manufacturers to relocate...
The current 50 percent of jobs based on technical skills globally will increase to over 70 percent in the next 10 years, Director...
The International Monetary Fund (IMF) deliberations in Washington is an opportune time for Sri Lanka and the rest of the world to...
Policy makers should encourage local investors and entrepreneurs of the tourism industry and incentivise them especially during...
The Italian tourism market will pick up again with the situation in Sri Lanka expected to improve next year, as the island has...
The government commenced writing-off a large number of micro-finance loans last year and offered many relief measures including...
Mahindra and Mahindra Ltd., a part of the US$ 20.7 billion Mahindra Group, is upbeat about the Sri Lankan market which has grown...
Employees are the lifeblood of the organisation and grooming them in line with the vision to be a global corporate role model in...
The Cabinet nod has been given for the tea industry to go ahead with the barter deal with Iran, enabling the Ceylon Petroleum...
Sri Lanka’s renewable energy sector has the potential to attract around US$ 50 billion in Foreign Direct Investments (FDI) from...
The 2020-2025 Economic Acceleration Framework is a well thought out plan to guide the economy from US$ 89 billion to US4 134...
State Owned Enterprises (SOEs) could be more detrimental in developing countries than in developed countries that have more...
The new Monetary Law Act that will come into force shortly has boosted investor confidence which was seen in the over-...
Public officials must make declarations on their outside activities, employment, investments, assets, gifts or benefits where a...
‘Tourism sector recovering faster than expected’
Sri Lanka Tourism has received approval to go ahead with the Public Relations (PR) campaign to promote the destination in 12...
‘Mahinda Chinthana’ reversed the liberal economic policies of the country by advocating illiberal policies, a chauvinistic ethnic...
The move to slash interest rates by the Central Bank should be commended as it would otherwise break the backbone of the economy...
The digital education initiative of the Information Communication Technology Agency (ICTA) has reached over 2,700 schools...