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WorldA Saudi oil facilityTags: Print EditionOne of the world’s largest oil producers, Saudi Arabia, announced it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and…
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LOLC Life Assurance Limited and LOLC General Insurance Limited, two of the fast-growing Insurance companies in Sri Lanka were recognised for their profound commitment to their staff at the recent Asia’s Best Employer Brand Awards 2021…
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The Bourse ended the week on a positive note this week with ASPI increasing by 291.41 points (or 3.03%) to close at 9,915.22 points, while the S&P SL20 Index also increased by 59.11 points (or 1.67%) to close at 3,605.72 points.…
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Allianz Lanka once again partnered with other Allianz offices from around the world to raise much-needed funds to mitigate critical issues facing countries ravaged by the COVID-19 pandemic, via the Allianz World Run, an initiative that…
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Ambassador of Malaysia to Sri Lanka, Tan Yang Thai, recently met with a delegation from the Palm Oil Industry Association Sri Lanka (POAISL), to discuss the benefits of a collaborative approach towards uplifting Sri Lanka’s rural…
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Shares in embattled Chinese property giant Evergrande opened up 6% in Hong Kong after Chinese media reported it had made an interest payment before a crucial deadline. The company missed an $83.5m (£61m) payment last month,…
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Jason Avanceña has been appointed Managing Director of Nestlé Lanka PLC effective 1 October 2021 and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved…
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The Governor of the Central Bank Ajith Nivard Cabraal had discussions with the Governor of Qatar Central Bank (QCB) Sheikh Al-Thani, one of the longest-serving Governors in the world last week. The duo also discussed ways and…
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Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive…
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The Government plans to convert Trincomalee Port to a mega industrial port city that will house ship repairs and shipbuilding, a petroleum refinery, fertilizer manufacturing, steel and mineral sand industries and biomass storage…
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