GAC Sri Lanka, a subsidiary of the McLarens Group, has welcomed the newest and largest addition to its fleet of support vessels, the Anchor Handling Tug Yevin. The vessel joins the company’s fleet of 12 vessels which includes tugs, crew and supply boats, the largest in the country. Her maneuverability and versatility enable GAC Sri…
Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which caused a slowdown in business activity and dampened consumer sentiment, the subsequent gradual easing of restrictions enabled the businesses across the Group to recover to near normal levels by December, with the exception…
Bloomberg – Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active. Local individuals were responsible for 79% of total market turnover last year, according to the nation’s stock exchange, amid a 70% increase in new accounts from 2019. At the same time, overseas investors were exiting — they sold $272.8…
Huawei released its Global Connectivity Index (GCI) 2020, the seventh annual GCI report the company has published. For the first time in a GCI report, the 2020 release proposed five key stages of industry digital transformation: task efficiency, functional efficiency, system efficiency, organizational efficiency and agility, and ecosystem efficiency and resilience. A key finding of…
Sri Lanka equities emerged world’s best performing stock market in 2021 YTD Global equity interest in Emerging Markets expected to trickle down to CSE Global Negativity offers “contrarian” profit opportunity on Sri Lanka Sovereign Bonds New ECT terms with a FDI of USD 500Mn favourable for Sri Lanka Return of Pension funds to the CSE…
In an effort to make it easier for people to donate blood, Facebook has launched the Blood Donations feature in Sri Lanka in partnership with the Ministry of Health’s National Blood Transfusion Service (NBTS) supported by the Health Promotion Bureau (HPB). Till date, 24 blood cluster centers have been onboarded as part of the joint…
Reuters – Technology investor Chamath Palihapitiya, the early Facebook Inc executive and minority owner of the Golden State Warriors basketball team, threw his hat in the ring on Tuesday to replace Gavin Newsom as governor of California. Palihapitiya, who became a celebrity on Wall Street thanks to his prolific launch of blank-check acquisition firms, has…
The 26th Annual General Meeting of the Sri Lanka – Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce was held on 12th January 2021 via MS Teams. The SLKBC was inaugurated on 4th November 1982, in Colombo, Sri Lanka at the request of the late Hon. Lalith Athulathmudali with the objective of promoting…
On 22 of January, Ambassador Prasanna Gamage met with President Associate Professors Bui Anh Tuan, and Vice President Pham Thu Huong and other senior officials of the Foreign Trade University (FTU) of Viet Nam in Ha Noi, to discuss and explore possibilities of future cooperation between the FTU and higher education institutions in Sri Lanka….
The Embassy of Sri Lanka, in association with the Export Development Board (EDB) organized a virtual meeting on 21 January 2021 to explore cooperation potential in the ICT sectors of Sri Lanka and Viet Nam. Representatives from the Sri Lanka Association for Software Services Companies (SLASSCOM), Federation of Information Technology of Sri Lanka (FITIS) and…
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