Why Sri Lanka Needs To Move Beyond Being A Transshipment Hub

The Sri Lankan Understanding is a weekly platform that highlights issues of relevance to the island nation by examining the journey taken in the past, the present status, and the potential for the future. Bringing together academics, historians, diplomats, writers, and key personalities, The Sri Lankan Understanding is aimed at filling a lacuna in a society wherein comprehending that which has been, grasping realities, and understanding the opportunities ahead are sorely lacking.

Advantage New Zealand But India ‘Not Worried', Says Pujara

India’s players are positive ahead of the World Test Championship final against a New Zealand side primed for the encounter after a successful series in England, said batsman Cheteshwar Pujara.

Consumer Prices Soar As Lockdowns Cripple Supply Chains

The consumer prices are surging at exponential levels, as lockdown-styled restrictions on wide swathes of economic activities have crippled supply chains in almost every sector, leaving the hapless consumers to contend with sky-high prices for even their essentials, while millions of low-income families struggle to make their ends meet.

Gulam Chatoor Retires From The Spice Arena

Gulam Chatoor, the present Chairman of Saboor Chatoor (Private) Ltd, one of the leading spice exporters of Sri Lanka records nearly seven decades of piloting the company. To-date, Chatoor continues to be one of the most knowledgeable and respected maestros in the business arena.

Samaposha Nutrition Boost For Squash National And Development Pool

CBL Samaposha joined hands with the Sri Lanka Squash (SLS) to become the official nutrition partner for its national and development pool players.

StanChart Accelerates COVID-19 Vaccination Efforts In Sri Lanka

Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by facilitating a trade loan to the Bank of Ceylon and People’s Bank, the bank announced recently.

Land For The People

One of the first books read to me as a child by my parents was a parable on land drawing from one of Leo Tolstoy’s short stories, made available in Jaffna by affordable children’s publications from the Soviet Union. The parable goes like this: that a man was offered as much land as he wished, provided he walked the perimeter of the land from sunrise to sunset on a certain day. Having set his expectations too high, and worried that he could not return by sunset, he ran back all afternoon to claim his large area of land. But soon after his arrival, he died of exhaustion, and all the land that he needed was just six feet long to bury him.

New Zealand Thrash England In 2nd Test To Seal Series Win

New Zealand overpowered England by eight wickets in the second Test at Edgbaston yesterday as they sealed a 1-0 series win with more than a day to spare.

Sabapathipillai Rajanayagam Youngest To Be Awarded OBE

Sabapathipillai Rajanayagam commenced his career in 1934 as a 26-year-old Telegraph Engineer in the Ceylon Central Telegraph Office after completing his undergraduate studies at Imperial College, London.

Sampath Bank Introduces Visa Corporate Fuel Card

Sampath Bank announced the launch of the Sampath Visa Corporate Fuel Card, in prepaid card and credit card formats, to empower businesses of all sizes to go hassle-free with their fuel payments.

Worker Remittances, Only Bright Spot In Economy, Advance Further In May

SL receives US$ 460mn as remittances, up 6.6% YoY Cumulative remittances in first five months now at US$ 2.84bn, up 18% SL targets US$ 8bn from migrants workers this year

Malaysia to deport thousands of undocumented Indonesian migrants

JAKARTA REUTERS JUNE 11- Indonesia is preparing to receive thousands of deportees from Malaysia, a government official said on Friday, amid a crackdown there on undocumented workers and as the country suffers its most severe coronavirus outbreak so far.

Presidential candidate to be detained in Peru

BUENOS AIRES (DPA), 11 JUNE 2021 - Four days after the presidential election in Peru, the public prosecutor’s office has again requested the pre-trial detention of candidate Keiko Fujimori.

French Open 2021: PAVLYUCHENKOVA TAKES ON

A new Grand Slam singles champion will be crowned today when Anastasia Pavlyuchenkova takes on Barbora Krejcikova in the French Open final.

GOVT MAKES U-TURN, EXTENDS ISLANDWIDE TRAVEL

RESTRICTION TILL JUNE 21

ComBank supports healthcare sector with donations to over sixteen State institutions

More than 16 government hospitals and Medical Officers of Health (MOH) offices around the country have received medical equipment and personal protective gear to-date under an initiative implemented by the Commercial Bank of Ceylon in response to the COVID-19 pandemic.

SL Seeks Two Million More Vaccine Doses From China

Expects part of it as a gift

Prime Lands Residencies Opens Its IPO Today

Prime Lands Residencies, the condominium property arm of Prime Group, opens its initial public offering (IPO) today, May 11, 2021.

Chinese envoy wants better policy framework for investments to take root in SL

Chinese Ambassador to Sri Lanka Qi Zhenhong, in his remarks to Sri Lanka Investment Forum has suggested Sri Lanka to create a better policy framework in order to attract foreign investments to the country.

Virtusa appoints Santosh Thomas as CEO

Virtusa Corporation, this week announced the appointment of Santosh Thomas as its new Chief Executive Officer (CEO).

SPINNER APONSO TO MIGRATE TO THE USA

Sri Lanka spinner Amila Aponso will migrate to the USA, it is learnt.

Marriott to introduce Courtyard by Marriott brand to Sri Lanka

Marriott International, Inc. this week signed an agreement with Colombo City Centre (Private) Limited, a member of Abans International Group, which is one of Sri Lanka’s largest privately held conglomerates with diversified interests, to debut the Courtyard by Marriott brand in Sri Lanka.

Australia consider positively request made by Foreign Minister

Procurement of AstraZenaca vaccine

Ceylinco Life Ranked Country's Most Valuable Life Insurance Brand Again

Ceylinco Life has once again been ranked the most valuable life insurance brand in Sri Lanka in 2021 in the 18th edition of the Brand Finance rankings of the country’s most valuable brands.

Delay In Medication Leads To High Number Of Covid Deaths

A considerable number of COVID-19 deaths have been reported due to the delay in seeking immediate medical assistance, Heath Promotion Bureau Director Consultant Dr. Ranjith Batuwanthudawa said yesterday.

Japanese PM Responds Positively To Prez's Request For AstraZeneca Vaccines

The Japanese government has also agreed to provide medical supplies and healthcare equipmentIt is still unclear as to what price Sri Lanka would pay for these vaccines

New Credit Evaluation Framework To Enable Banks To Boost Lending To Tech Firms

The Information and Communication Technology Agency (ICTA) expects the banking sector to boost lending to worthy tech companies by adopting the recently introduced Credit Evaluation Framework in their credit evaluation and approval process, when lending to tech companies and moving away from the outdated collateral-based lending practices.

Sakkari Defeats Defending Champion Swiatek To Reach French Open Semi-Finals

Maria Sakkari defeated defending champion Iga Swiatek 6-4, 6-4 to become the first Greek woman to reach a Grand Slam semi-final at the French Open on Wednesday.

Huge Outage Strikes Worldwide Websites

Some websites begin to work again

Japan Donates Gymnastics Equipment

Japanese ambassador to Sri Lanka Akira Sugiyama donated gymnastics equipment to Sports Minister Namal Rajapaksa on behalf of the Japanese Gymnastics Federation to develop the sport of gymnastics in the country.