Safeguarding rural livelihoods and Sri Lanka’s iconic leopard The United Nations Development Programme (UNDP) in Sri Lanka, under its Biodiversity Finance Initiative (BIOFIN), together with the Wildlife and Nature Protection Society (WNPS), and LOLC, under the guidance of the Department of Wildlife Conservation, launched a pioneering Livestock Insurance Scheme aimed at reducing human–wildlife conflict and…
The Federation of Indian Export Organisations (FIEO) and the National Chamber of Exporters of Sri Lanka (NCE) have signed a Memorandum of Understanding (MoU) to strengthen bilateral trade and investment ties. The agreement, signed virtually on 19 August 2025, aims to enhance cooperation through information sharing and connecting business partners, with a particular focus on…
New Zealand High Commissioner to Sri Lanka, David Gregory Pine, visited the Hambantota International Port (HIP) on August 11, 2025, to gain firsthand knowledge on its development and growing international relevance. Accompanying him was Rasika Sumudhu Jayasinghe, Policy Adviser at the High Commission. The delegation was taken on a tour of HIP’s state-of-the-art facilities and…
The Sri Lanka Export Development Board’s (EDB) National Packaging Centre (NPC) conducted an awareness workshop on spices packaging for over 75 exporters and potential exporters, aimed at enhancing product competitiveness in local and international markets. The session, held at EDB premises, was conducted in collaboration with packaging consultant Mr. W. Abhaya Senavirathna and focused on…
Reuters – China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The State Council – China’s cabinet – will review and possibly approve a roadmap later this…
Sri Lanka’s labor market showed significant signs of recovery in the first quarter of 2025, with the unemployment rate dropping to a historic low of 3.8%, according to the latest Quarterly Report from the Department of Census and Statistics (DCS). This marks a notable improvement from 4.5% in the same period last year and reflects…
Sri Lanka Export Development Board (EDB) and the Japan International Cooperation Agency (JICA) have established a strategic partnership to strengthen the Sri Lankan ICT/BPM sector within the Japanese market. Started in 2024, this initiative supports 30 Sri Lankan SME ICT/BPM companies and startups over a period of two years by providing market intelligence, business coaching,…
The Ceylon Chamber of Commerce welcomes the UK Government’s liberalisation of rules of origin under its Developing Countries Trading Scheme (DCTS), set to take effect in early 2026. This important step reflects the UK’s continued commitment to greater trade openness and flexibility, offering Sri Lankan exporters enhanced access to one of their key markets. The…
Tea Avenue, Sri Lanka’s flagship tea café brand with a heritage spanning four generations, today announced its official entry into the Indian market through a strategic partnership with FranGlobal, the international arm of Franchise India Group. This milestone marks Tea Avenue’s first step outside Sri Lanka and into one of the world’s most dynamic tea…
Fitch Ratings – Fitch Ratings has updated its five-year projections for supply-side potential GDP growth for the 10 developed economies (‘DM10’) covered in its Global Economic Outlook. The GDP-weighted average DM10 potential growth projection has been raised to 1.6% a year from 1.4% in the previous report in August 2023. This reflects more optimistic projections for…
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