Lulu Hypermarkets in Saudi Arabia host Sri Lanka product promotion week Source:FT The Lulu Hypermarket chain in Saudi Arabia has launched a product promotional week dedicated to Sri Lankan products. The ‘Sri Lanka Week@Lulu’, which runs began on 8 September and concludes tomorrow presents the Saudi national and expatriate communities in Saudi Arabia with a unique experience to enjoy an array of 140 different Sri Lankan products, specially imported from Sri Lanka, at attractive special promotional prices. ...
elanka Finance
Sri Lanka investment seminar in Vienna Source:Ft The Embassy and Permanent Mission of Sri Lanka in Vienna in collaboration with the Vienna Chamber of Commerce (WKO) organised a hybrid webinar to promote investment from Austria in Sri Lanka. The hybrid webinar was attended by Regional Manager for the Asia and Pacific Region Johannes Brunner, Commercial Attaché of the Austrian Embassy – India Bernd Andersson together with Austrian companies, while Chairman of the State Pharmaceuticals Corporation of Sri Lanka Dr. Prasanna Gunasena, Executive Director of Investment Promotion Prasanjith Wijayatilake, Director of Investment Promotion Nilupul de Silva, Head of Ecosystem of the Board of Investment of Sri Lanka Darshan Maralanda, Deputy Director of Export Development Board of Sri Lanka Udeni Wijekoon, and officials from the Foreign Ministry took part in the event virtually. ...
Sep 17, 2021
Posted by eLanka admin In
elanka Finance
Tagged Darshan Maralanda, Majintha Jayesinghe, Prasanjith Wijayatilake
Swiss International Airlines to resume services from Nov. 4 Source:Dailynews Swiss International Airlines has planned to resume their services on November 4, 2021 to Sri Lanka, Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said. The airline will operate a twice weekly winter schedule to Bandaranaike International Airport (BIA). The two flights will arrive in Colombo on Friday and Sunday respectively, starting on November 4. ...
Airborne survey begins for oil exploration Source:Dailynews For the first time in Sri Lanka, airborne oil exploration have begun in the Mannar and Cauvery basins. Full Tensor Gradiometry (FTG), Gravity and Magnetics survey targeting petroleum resources of shallow water areas begun recently, announced the Petroleum Resources Development Secretariat of Sri Lanka (PRDS) The survey was conducted by the UK-based Bell Geospace, a world-renowned geophysical survey company which was chosen following an international competitive tender process by the Government. ...
Hambantota Port moving at speed despite gloomy market Source:Island The Hambantota Port has signed deals with more than 30 countries as it looks to promote its operations globally. Hambantota International Port Group (HIPG) said that the promotional activities have garnered commendable results despite the gloomy market situation experienced globally. “We are rapidly moving to diversify HIP’s industrial zone portfolio and at the same time we are widely promoting the location internationally. We have signed with more than 30 investors from across the globe i.e. the UK, Singapore, Japan, Sri Lanka, China and now the Maldives,” Johnson Liu, CEO of HIPG said. HIPG in a release said: The new operational blueprint of the Hambantota International Port (HIP) is impacting all aspects of the port’s activities. “HIP Speed” is a concept to increase efficiency and momentum across port operations for the benefit of all stakeholders. ...
Sep 16, 2021
Posted by eLanka admin In
elanka Finance
Tagged Hambantota International Port Group, Shenzhen Xinji Group
BPPL Holdings: Only Sri Lankan company listed in Forbes Asia’s 200 ‘Best Under a Billion’ Source:Bizenglish.Adaderana BPPL Holdings PLC, one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, is the only Sri Lankan company to have entered Forbes Asia’s 200 ‘Best Under a Billion’ list. Forbes evaluated over 20,000 publicly traded companies in the Asia-Pacific region this year with revenues of under US Dollars 1 Billion and consistent top-and bottom-line growth from which only 200 were selected. Companies were selected based on a composite score that incorporated their overall track record. This includes debt, sales, and earnings-per-share growth measures over both the most recent fiscal year and three-year period and the strongest one- and five-year average returns on equity. Aside from quantitative criteria, qualitative screens ...
Sep 16, 2021
Posted by eLanka admin In
elanka Finance
Tagged BPPL Holdings PLC, Social and Corporate Governance
ComBank & CBB promote export opportunities to Britain Source:Bizenglish The Commercial Bank of Ceylon in collaboration with the Council for Business with Britain (CBB) recently conducted a free webinar titled ‘Export Opportunities to Great Britain’ for over 290 Sri Lankan small and medium entrepreneurs and exporters as well as business promoters from countries such as the United Kingdom, USA, India, Qatar and Singapore. The two-hour event delivered via Zoom benefited entrepreneurs currently exporting and those interested in exporting goods and services to the United Kingdom (UK) and offered insights into British markets and the different avenues of opportunity available to them. It was designed for the Bank’s existing small and medium exporters involved in business with the UK, potential exporters to the UK, and members of the CBB, and included a question-and-answer session in addition to the panel discussions and speeches. ...
Sep 16, 2021
Posted by eLanka admin In
elanka Finance
Tagged Lawrian Somanadar, Mr Irfan Thaseem, Tania Wettimuny, Thana Sivasambu
Business booms despite pandemic Pioneering venture automates procurement process with over 30 high profile buyer companies Web portal eases COVID-19 disruptions for over 3,000 registered suppliers A bold new venture seeks to revolutionise Sri Lanka’s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic. The website www.greentape.lk is Sri Lanka’s online procuring platform that offers a certified and verified vendor base. The platform which aims to create a level playing field for procurement in the country was launched in November 2020. Within a short time span it is already serving a base of over 30 high profile buyer companies. They have successfully concluded more than 700 tenders amounting to some half a billion rupees in business for over 3,000 registered suppliers. The suppliers comprise a good cross-section from very small to large businesses and also businesses from overseas. AVM Chairman Nissanka Weerasekera ...
Sep 10, 2021
Posted by eLanka admin In
Articles, elanka Finance
Tagged Amal Karunaratne, Covid 19, Nissanka Weerasekera
WFP and the SUN Business Network partner with FCCISL to improve nutrition in Sri Lanka Source:-www.ft.lk The United Nations World Food Programme (WFP) is partnering with the Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL) to hand over ownership of the Scaling Up Nutrition Business Network (SUN Business Network) in Sri Lanka. The handover will enable the SUN Business Network to scale up from its current member base of large private sector organisations to include Small and Medium Scale Enterprises (SMEs). Sri Lanka faces a triple burden of malnutrition spanning overnutrition, undernutrition and micronutrient deficiencies. Nearly one in two women of reproductive age are obese or overweight, while 15% of children under five were noted as being too thin for their height. These high rates of malnutrition are compounded by the socio-economic fallout from COVID-19, which threatens to further impact the nutrition standards of the population. “Eradicating ...
Sep 10, 2021
Posted by eLanka admin In
Articles, elanka Finance
Tagged Ajith D. Perera, FCCISL, Nutrition Business Network, United Nations, World Food Programme
Mannar Basin Gas & Oil will generate revenue three times of SL debt – Gammanpila-by Amani Nilar Source:Newsfirst COLOMBO (News 1st): The Minister of Energy, Udaya Gammanpila says that the $ 267 billion worth of oil and gas resources hidden in the Mannar Basin could generate three times the total debt of the country. The Minister stated this speaking at the Consultative Committee on Power and Energy at the Parliament yesterday (7). The relevant Committee approved the Petroleum Resources Bill to be tabled in Parliament for the second reading as well. The Minister further stated that although investors who invest in these oil and gas drills are given 50%, USD 133.5 billion is Government owned and it is almost three times the total debt value of the country which is a total of USD 47 billion. ...
