India funds Sri Lanka’s first floating solar plant to power Parliament Source:Adaderana Sri Lanka’s first floating solar power plant is planned to be built in Diyawanna Lake with the assistance of a loan from the Government of India. The floating solar power plant, which is proposed to be constructed to meet the daily electricity requirement of the Parliament premises, has a capacity of 1.5 MW. Minister of Power Dullas Alahapperuma stated that a preliminary feasibility study is currently underway. The Minister further stated that the construction of the power plant will be expedited and the Parliament will set a precedent for the entire country regarding the concept of floating solar power plants. ...
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John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – STOCK MARKET WEEKLY 22-07-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to ...
Jul 23, 2021
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Hayleys Fabric cuts carbon footprint by 15% with Sri Lanka’s largest solar roof Source:-island.lk Contributes 6,241,500kWh of power per annum to the National gridLargest single rooftop solar installation in Sri Lanka 9,000 solar panels installed across 18,000 square metre rooftop Carbon footprint reduced by 4,065.45 tCO2. Leading textile manufacturer, Hayleys Fabric further reduced its carbon footprint by 15% with the installation of the largest private sector rooftop solar power system in Sri Lanka, contributing 6,241,500kWh of power per annum to the National Grid. Installed by sister company Hayleys Fentons, the rooftop solar project was set up at Hayleys Fabric’s primary manufacturing facility in Horana and is part of a broader campaign to reduce carbon emissions and align with the UN Sustainable Development Goals. “Environmental sustainability is a core consideration for Hayleys Fabric. This is demonstrated in our multi-pronged approach to the environment, from supporting biodiversity conservation and reforestation initiatives to ...
Jul 20, 2021
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Tagged Hayleys Fabric cuts, NIKE, Sri Lanka’s largest solar roof, Victoria Secret
Softlogic Life lauded among Top 100 Best Global MDRT companies in the world Softlogic Life Managing Director Iftikar Ahamed Source:-www.ft.lk Sri Lanka’s fastest-growing life insurance company Softlogic Life, was recently honoured among the Top 100 Best Global MDRT companies in the world by the premier global association for finance professionals, Million Dollar Round Table (MDRT). Softlogic Life produced 170 MDRT members, strictly taking into consideration only 2020 performance, which is a clear testament to the young company’s unwavering commitment to produce high calibre advisors capable of providing holistic, customised life insurance solutions to their customers. MDRT is internationally recognised as the highest standard of excellence in the life insurance and financial services businesses, where all members are required to demonstrate up-to-date professional knowledge, strict ethical conduct and outstanding client service. “As one of the youngest and fully-homegrown life insurance brands in Sri Lanka, being celebrated among the top 100 MDRT ...
Jul 20, 2021
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Seylan Bank partners with PayHere to empower Sri Lankan businesses with online payments Source:-www.ft.lk Seylan Bank Head of Digital Banking Channels Chaminda Senewiratne (left) and PayHere CEO Dhanika Perera Seylan Bank has joined hands with PayHere, Sri Lanka’s preferred payment gateway service, to empower small businesses with online payments. This strategic partnership allows the new merchants to join PayHere with any local bank account. Seylan Bank has long been a pioneer of digital banking in Sri Lanka, providing a wide array of products and services for individuals and enterprises. PayHere is a Fintech solutions provider that enables businesses and organisations to accept online payments from customers through multiple payment methods. The strategic partnership with Seylan Bank removes the bottleneck PayHere merchants had of needing to have a specific bank’s account by enabling the use of their preferred business bank account to start accepting online payments via PayHere. Seylan Bank contributed ...
Jul 20, 2021
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Xiaomi beats Apple to become world’s No. 2 smartphone maker Source:-www.ft.lk WASHINGTON (AFP): Chinese electronics firm Xiaomi has overtaken Apple as the number two global smartphone maker in a sizzling market with consumers emerging from lockdowns, a new survey showed. The Canalys survey of second-quarter sales released showed worldwide smartphone sales up 12%, with South Korea’s Samsung holding its top position with a 19% market share. Xiaomi meanwhile surged to the number two position for the first time ever with a 17% share as sales jumped 83%, according to Canalys. Apple dropped to the number three position with iPhone sales up just one%, after getting a lift from last year’s new models. “Xiaomi is growing its overseas business rapidly,” said Canalys research manager Ben Stanton, citing gains of 300% in Latin America, 150% in Africa and 50% in Western Europe. “And as it grows, it evolves. It is now transforming its ...
Jul 20, 2021
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Sri Lanka-Oman National Chambers of Commerce sign MoU to boost trade and investment Source:-www.ft.lk Ambassador Ameer Ajwad presents the logo pin issued by the Embassy of Sri Lanka in Oman to mark the 40th anniversary of diplomatic relations between Sri Lanka and the Sultanate of Oman, to OCCI Chairman Eng. Redha Al Saleh. Embassy of Sri Lanka First Secretary Dilini Abeysekara accompanied the Ambassador National Chamber of Commerce of Sri Lanka (NCCSL) and the Oman Chamber of Commerce and Industry (OCCI) signed a Memorandum of Understanding (MoU) on 7 July to enhance trade and investment between Sri Lanka and the Sultanate of Oman. President of the NCCSL Nandika Bhuddipala and the Chairman of the OCCI Eng. Redha Jumah Al Saleh, virtually signed the MoU. The signed copy of the MoU was ceremonially handed over to the Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad who ...
Jul 20, 2021
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Sri Lanka first in South Asia with Submarine Cable Protection and Resilience Framework Source:-www.ft.lk Sri Lanka last week launched the Submarine Cable Protection and Resilience Framework at a stakeholder meeting chaired by Secretary to the President Dr. P.B. Jayasundera. Sri Lanka is the first country in Asia to come up with such a framework, and this was possible with the generous support of the Japanese Government through the United Nations Office on Drugs and Crime (UNODC) Global Maritime Crimes Program (GMCP). In this new age of lockdowns, remote working and virtual conferences, our reliance on global digital communications has grown dramatically, yet most people incorrectly assume that satellites are responsible for sending data. In reality, more than 99% of all international digital data and communications are transferred via a network of more than 400 cables, which span a distance of more than 1.8 million km across the world’s oceans. The ...
Jul 20, 2021
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Tagged GMCP, Indian Ocean, Submarine Cable Protection, UNODC
Balangoda Calcite Deposit best in the world Source:Dailynews The Balangoda Calcite Deposit is currently the best calcite deposit in the world, Peradeniya University Prof. H.M.T.G.A. Pitawala said. He said such a high quality calcite deposits have never been recorded in any other country in the world. The Environment Ministry recently held a discussion on the possibility of producing Calcium Carbonate as a value addition production using 2,000 tons of waste Calcite currently excavated at the Balangoda Calcite deposit as a first step. The discussion was chaired by Environment Minister Mahinda Amaraweera. Geological Survey and Mines Bureau, Central Environmental Authority, Peradeniya University and Environment Ministry officials participated. Minor excavations at the Balangoda Calcite Deposit are being carried out by various individuals in an informal manner. Therefore, it was emphasized that in order to properly utilize this calcite deposit, it must be produced as a value addition product of calcium carbonate which ...
Viet Nam-Sri Lanka ties to get boost in organic farming, investments in IT, tourism Source:FT Ambassador of Viet Nam in Colombo Ho Thi Thanh Truc paid a courtesy call on State Minister of Regional Cooperation Tharaka Balasuriya at the Foreign Ministry premises yesterday. While reiterating on the longstanding bilateral relations between the two countries, State Minister Balasuriya noted that the main focus of the Government of Sri Lanka is on economic development, tourism and building trade ties with countries in the Southeast Asia region. Considering the close religious ties between the two countries, State Minister Balasuriya underscored the importance of rejuvenating cooperation between temple-to-temple connections and expressed the willingness to connect with the Viet Nam Buddhist temples to share the religious and cultural interests between the two countries. ...
