Business

LANKAPAK 2020 to provide packaging and printing solutions

Published

6 years ago

2020/09/15

Sri Lanka’s only packaging and printing solutions exhibition LANKAPAK 2020 will provide solutions to local industrialist and manufactures. The event will focus on providing Sri Lankan companies solutions to upgrade packaging of their products and brands to compete with local and international brands.

LANKAPAK will be held for the 22nd successful time on the 9th, 10th and 11th of October 2020 at the BMICH, Colombo from 10 am to 8 pm. The exhibition is being organized by the Sri Lanka Institute of Packaging together with CDC Events and Travels along with the support of the World Packaging Organization, The Asian Packaging Federation and the government and private sector organization.

LANKAPAK 2020 prides itself on being the only event in Sri Lanka entirely dedicated to Packaging, Printing, Plastic and Paper and is unquestionably the leading event for primary and secondary packaging solutions. It is a hub for buyers and sellers across the supply chain to source for their next project or solution. The event will feature exhibitors from the entire spectrum of the industry, providing the platform to reach local and foreign customers from across the market.

The awaited exhibition will be a platform for local printing and packaging enterprises to promote transactions between suppliers and buyers, as well as providing prime opportunities for its allied professionals to make international exchanges, and boost the exchange and dissemination of new technologies, hence serving as a window to new technological advances of the printing Industry.

LANKAPAK 2020 is committed to providing new opportunities for innovation and momentum for sustained development of the printing and packaging industry. It shoulders the responsibility to lead development of Sri Lanka’s 5 P industry and promote its technical upgrading, with the purpose of building an integrated platform for exchange and promotion of the new technology, products and materials in the printing and packaging industry. Hence, LANKAPAK 2020 is well positioned to make greater contributions to development of the country’s allied industries

The exhibition will comprise of over 150 stalls displaying thousands of brands to meet all kinds of packaging requirements under one roof. It is an ideal meeting point for people within the industry and those requiring to source materials for their businesses. Hence, it is a great opportunity for those representing the food and beverage industry, hotel managers, chemical, pharmaceutical, cosmetic, packaging and print-pack factories, trading companies, industry publications, corporate end users, educational institutions, bakery and patisseries and fast food outlets.

The annual packaging congress will also take place on 9th and 10th of October 2020 at the same premises. The congress will focus on Packaging and Food Processing with many renowned speakers.

The Be Sri Lankan Buy Sri Lankan Trade Fair 2020 will also take place concurrently to LANAKAPAK 2020.

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Business

ADB approves $100 million loan to boost skills development and jobs for youth in Sri Lanka

Published

11 mins ago

2026/10/2

Thilina Walpola

The Asian Development Bank (ADB) has approved a $100 million results-based loan to help Sri Lanka transform its technical and vocational education and training (TVET) system, equip more young people with industry-relevant skills, and strengthen the country’s competitiveness and inclusive growth.

The Skills Development System Transformation Program will support the Government of Sri Lanka’s efforts in improving the quality and relevance of skills training, strengthening links between training providers and industries, and expanding employment opportunities for youth. The program will increase women’s employment opportunities in nontraditional jobs in fields including automotive technology, engineering, information and communications technology, construction, and renewable energy.

“A skilled workforce is essential to Sri Lanka’s long-term economic transformation and competitiveness,” said ADB Country Director for Sri Lanka Shannon Cowlin. “This program will help create stronger pathways from education to employment by making training more responsive to industry needs, expanding opportunities for young people and women, and ensuring that graduates have the skills required by a modern and evolving economy.”

Though Sri Lanka’s economy is recovering, it faces skills shortages in priority sectors, high youth unemployment, and low female labor force participation. Many employers report difficulty finding workers with the skills needed in a changing economy.

Aligned with the Government of Sri Lanka’s Technical and Vocational Education and Training Sector Strategic Framework 2026–2035, the nationwide program will be implemented from 2027 to 2031 and is expected to directly benefit more than 100,000 young people through improved access to quality, employment-oriented training.

Business

USD 40.84m pipeline to secure aviation fuel supplies to BIA

Published

19 mins ago

2026/10/2

Thilina Walpola

By Ifham Nizam

The government has cleared a USD 40.84 million and Rs. 8,548.75 million contract to build a dedicated aviation fuel pipeline from Muthurajawela to Bandaranaike International Airport (BIA), alongside a massive new fuel storage facility with a capacity of 92,000 cubic metres.

Energy Minister Anura Karunatilaka said the project represented a major investment in strengthening the infrastructure underpinning Sri Lanka’s aviation fuel supply and ensuring more reliable fuel availability at the country’s main international airport.

‘This project will provide the infrastructure required to strengthen the reliability and continuity of aviation fuel supplies to Bandaranaike International Airport, Karunatilaka said.

The contract has been awarded to China Petroleum Pipeline Engineering Company Limited, following an international competitive procurement process in which three bids were received.

The project will see a new aviation fuel storage tank complex constructed at Muthurajawela, together with the associated infrastructure required for handling and transferring aviation fuel.

Business

CSE activity up, turnover weak at Rs. 1.4 billion

Published

19 mins ago

2026/10/2

Thilina Walpola

By Hiran H Senewiratne

Trading activity on the Colombo Stock Exchange (CSE) gathered pace yesterday as global fuel prices began to show signs of easing, according to market analysts.In this context, both indices moved upwards. All Share Price Index up by 67.97 points while S and P SL20 up by 8.30 points.

Turnover stood at Rs 1.4 billion with seven crossings. Those crossings were reported in Sampath Bank 1.7 million shares crossed to the tune of Rs 238 million and its share price traded at Rs 140, Access Engineering two million shares crossed to the tune of Rs 159 million and its share price traded at Rs 79.50, LOLC one million shares crossed to the tune of Rs 129 million and its share price traded at Rs 129, HNB 100,000 shares crossed to the tune of Rs 38.4 million and its share price traded at Rs 384, JKH 1.9 million shares crossed to the tune of Rs 35 million and its share price traded at Rs 18.60, Hayleys 100,000 shares crossed to the tune of Rs 22.50 million and its share price traded at Rs 225 and Richard Pieris 847,000 shares crossed to the tune of Rs 22 million and its share price traded at Rs 25.50.

In the retail market top seven companies that have mainly contributed to the turnover were Sampath Bank Rs 114 million (813,000 shares traded), JKH Rs 100 million (5.3 million shares traded) LB Finance Rs 49 million (325,000 shares traded), HNB Finance Rs 30 million (27 million shares traded), HNB Rs 27 million (70000 shares traded), NTB Rs 25 million (82000 shares traded ) and Lanka IOC Rs 21 million (666,000 shares traded). During the day 65 million shares volumes changed hands in 10433 transactions.

The Banking and manufacturing sector counters performed well. In the banking sector Sampath Bank let the market while manufacturing sector especially JKH also significantly performed well. With the fuel revision Land IOC also a significant stock at the floor.

Meanwhile, First Capital Treasuries said that Ramesh Schaffter resigned as a Non-Independent Non-Executive Director with effect from October 1, to facilitate the restructuring of the company’s board.

Yesterday the Central Bank announced the US Dollar rate as against rupee. The rupee was quoted flat at Rs 330.65/80 to the US dollar in the spot market , while bond yields dropped, dealers said.