Govt. to invest over Rs. 750 m to establish ‘Sathosa Organic Supermarket’ retail chain-By Charumini de Silva Source:FT First outlet in Kollupitiya by next month; plans to establish retail stores in 24 main cities across the country Trade Minister to introduce a pricing formula to ensure consistent supply of goods, affordability of products Specialised retail chain will sell organic vegetables, fruits, treacle, palm sugar, bees honey, spices, dried fruits and eco-friendly crafts Intends to franchise Sathosa Organic Supermarket network to sub-cities, thereafter harnessing young entrepreneurs The Government is investing over Rs. 750 million to step up its efforts to open and expand first-ever pesticide-free, State-run retail chain, the Sathosa Organic Supermarket network – covering all 25 main cities across the country. The specialised chain will open its first outlet by next month in R.A. de Mel Mawatha (Duplication Road) in Colombo 3, under the banner ‘Sathosa Organic Supermarket’, with its ...
elanka Finance
Dinesh Priyantha creates history with first-ever Paralympic Gold medal for Sri Lanka with world javelin record Source:FT Gold Medallist Herath Mudiyanselage Dinesh Priyantha (SL) stands next to the scoreboard showing his world record throw of 67.79 metres with his National Flag at the end of the Men’s Athletics F46 Javelin Final at the Olympic Stadium, Tokyo 2020 Paralympic Games, Tokyo – Japan, 30 August – Pic courtesy OIS/Joel Marklund. Handout image supplied by OIS/IOC The Sri Lankan athlete Herath Mudiyanselage Dinesh Priyantha yesterday set a new world record and claimed Gold in men’s javelin throw F46 at the Tokyo 2020 Paralympic Games Dinesh hit three birds in one stone at the Olympic Stadium today (30 August) when he claimed Gold, broke the world record and won Sri Lanka’s first-ever Gold medal in Paralympic Games history. ...
Cabinet backs mega $ 783 m aloe vera based herbal products export venture Source:FT Approves grant of 66 acres of crown land in Anuradhapura on 30-year lease Project promoter Aura Lanka Herbals to make $ 300 m capital investment Founded in 2001 by indigenous medical doctor Dr. Viranjith Thambugala, Group has interests in mineral resources, automotive and mobility, medicine industry, security service, and urban development The Cabinet of Ministers this week gave its backing for a mega $ 783 million venture in Anuradhapura to grow aloe vera for export of derived herbal products. Based on a proposal presented by Minister of Finance Basil Rajapaksa and the Minister of Lands S.M. Chandrasena, the Cabinet approved the handover of 66 acres of crown land to the venture promoter Aura Lanka Herbals Ltd. on a 30-year lease. ...
Learning from history-by S. N. Arseculeratne Source:Island My basic belief is that experiences of past and contemporary events and personages will determine our current behaviour. Such experiences would have been from the local scene and from world events. Of world events what affected me most was World War II in 1942 when the Japanese bombed Colombo and Trincomalee. Of world events, I deal mainly with Germany which played a key role in world events during World War one (1914-1918) and two, (1939 to 1945). In the European wars; the Germans left death and destruction as they advanced through Belgium towards France. In contemporary times, I must refer to Angela Merkel the Chancellor of Germany for 16 years. A brief account of her rule was given in the Sunday Times of July 18 this year. Her rule was illustrious in ways that we could learn a lesson from, her in governance and fair-play ...
Podi Malinga set for big things-by Rex Clementine Source:Island Schoolboy Matheesha Pathirana has become the talk of the town after his new ball burst in the SLC T-20 League that concluded at Pallekele this week. For bowling with a slingy action, Pathirana has been nicknamed Podi Malinga as his action is identical to that of Sri Lankan fast bowler Lasith Malinga. Still a schoolboy at Trinity College, Pathirana represented Sri Lanka in the Under-19 World Cup last year at the age of 17. Currently, he is 18 and eligible to play the next World Cup as well and he has been included in the pool. In the recent T-20 League at Pallekele, SLC Greys had maintained an unbeaten run throughout the league stage and for the final, Head Coach and former Sri Lanka cricketer Upul Chandana decided to throw Pathirana in the deep end. It was a gamble. But young Pathirana came ...
Aug 30, 2021
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Tagged Avishka Fernando, Dasun Shanaka, Lasith Malinga
Dreamron makes it to elite league of LMD’s ‘Most Respected Entities in Sri Lanka’ for 2021 Source:FT Dreamron, the largest exporter of cosmetics in Sri Lanka with a significant local presence, made its entry into ‘Sri Lanka’s Most Respected Entities’ by LMD (Lanka Monthly Digest) in its special edition which was released in August, 2021. This remarkable recognition in Dreamron’s 20-year-old journey of continuous progress is an endorsement for its value creation for the country in an industry that is dominated by the multinationals. In line with Dreamron’s vision of becoming the most admired and respected local cosmetics manufacturer and marketer by meeting or exceeding expectations of all stakeholders with specific focus on fulfilling the quality demands of the consumer through an array of world-class products which are locally manufactured fully complying and conforming to both global and local quality standards. It is Dreamron’s desire to be an aspirational catalyst ...
Sri Lanka Agripreneurs’ Forum fertiliser issue webinar on 2 Sept. Source:FT Sri Lanka Agripreneurs’ Forum will hold a webinar titled ‘Insights on new regulations on organic and inorganic agri-inputs: How to face the real-world challenges as an Agripreneur’ on 2 September at 5 p.m. on Microsoft Teams platform. Sri Lanka Agripreneurs’ Forum (SLAF) is the premier agribusiness association in Sri Lankan representing growers, farmer organisations, agri value-addition enterprises, agri professionals and academics, agri scientists, local and global marketers of agri produce, providers of agri inputs, and local agri investors, and serves as the pivotal body for all of the agribusiness communities in Sri Lanka. It said the agriculture sector employs over three million people, both directly and indirectly, throughout Sri Lanka who are highly vulnerable to economic shocks. As such, the SLAF has continuously engaged with all key stakeholders including the highest echelons of government to push for the speedy ...
Aug 30, 2021
Posted by eLanka admin In
elanka Finance
Tagged Nirmal Hettiarachchi, Ranjith Bandara, Suresh De Mel, Suresh Ellawala
Adani, JKH to start work on WCT at Colombo Port in December Source:FT India’s Adani Ports and Special Economic Zone (APSEZ) will commence construction of West Container Terminal (WCT) at Sri Lanka’s Colombo Port in December, according to a report in Ship Technology. APSEZ will invest more than $ 675.68 million, what is said to be its second international project after Myanmar. In March, the company obtained a letter of intent from the Sri Lankan Government for the construction of the 3.5 million 20-foot equivalent unit (TEUs) capacity terminal. Officials told Business Line that the concession agreement for the 35-year build, operate and transfer (BOT) contract is scheduled to be signed in November. ...
Aug 30, 2021
Posted by eLanka admin In
elanka Finance
Tagged Adani Ports and Special Economic Zone, John Keels Holding, West Container Terminal
Women technopreneurs: Reinventing the business world webinar on 2 Sept-by Thilini Ekanayake Source:FT The United Nations Global Compact is the largest corporate sustainability initiative and consists of several local networks. As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals. The UN Global Compact Network Sri Lanka has been inspiring corporates to integrate sustainability strategies for 15 years, since 2006. Network Sri Lanka will host a webinar titled ‘Women Technopreneurs: Reinventing the Business World’ on 2 September, 3 p.m. to 4:15 p.m. (IST) via Zoom. ...
Aug 30, 2021
Posted by eLanka admin In
elanka Finance
Tagged Jaykay Marketing Services Ltd, John Keells Group, Nilusha Fernando, Shamara Perera, Thilini Ekanayake
Colombo stock market’s memorable run persists Source:FT Turnover soars to 6-month high of Rs. 16.5 b as investors remain bullish Indices close on the up despite mid-day profit taking Expolanka stretches its market leadership further The Colombo stock market sustained its super momentum yesterday with new high turnover ending a memorable week. The All Share Price Index gained by 10.6% and the S&PSL20 improved by 18 points or 0.5%. Earlier in the day, ASPI crossed the 9,000 points mark but profit taking brought it down to finish the day at 8,931 points with a YTD return of 31.8%. For the week, the ASPI gained 691.27 points (8.39%) while the S&P SL20 gained 293.61 points (9.62%). ...
