A fresh approach needed in city and town planning amidst the new normal triggered by the Pandemic – Institute of Town Planners of Sri Lanka
Sri Lanka’s Town Planners urge for a fresh approach in urban planning by taking up the unprecedented challenges as well as opportunities posed by the global pandemic disrupting daily life…
Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch
Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…
Milliman begins operations in Sri Lanka acquiring a local Actuarial firm
Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…
PATA recognises Sri Lanka’s renowned hotelier Hiran Cooray with its highest individual honor
The Pacific Asia Travel Association (PATA) has awarded its highest individual honor, Life Membership to one of Sri Lanka’s renowned hotelier and Jetwing Symphony PLC, Chairman, Hiran Cooray in recognizing…
Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle
The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…
Mike Pompeo arrives in Colombo as U.S seeks to balance China’s growing influence in the region
The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…
ICICI Bank exits Sri Lanka
India-based ICICI bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…
Sri Lankan to ban several single-use plastic products from 2021
The government decided to ban a range single-use plastic and polythene waste material products including Poly Ethylene Terephthalate (PET) and Vinyl Chloride (PVC) containers from with effect from 2021. The…
Dairy industry seeks clear access to land and water for forage crops
The All Island Dairy Association (AIDA) urges the government to remove restrictions on land and water utilization for forage crops to increase the quantity and quality of milk production. All…
Sri Lanka allows importation of special bamboo sticks for incense stick production with tax relief
Sri Lanka’s Cabinet of Ministers decided to allow importation of special bamboo sticks for incense stick production with tax relief citing shortages in sourcing these bamboo sticks locally. The proposal…