Reuters – Thailand’s cabinet has approved the hiring of 10,000 Sri Lankan workers as it tries to address a labour shortage caused by Cambodian workers returning home in the wake of a deadly border conflict between the two countries, a Thai senior official said on Tuesday. Thailand’s ageing population and shrinking workforce has forced it to rely on at…
The Joint Apparel Association Forum (JAAF) today (19) warmly welcomed the UK Government’s announcement of liberalised rules of origin under the Developing Countries Trading Scheme (DCTS), which will come into effect in early 2026. The reforms will allow Sri Lankan manufacturers to source up to 100% of inputs for garments from any country worldwide while…
The S&P SL20 index of the Colombo Stock Exchange (CSE), which measures the performance of 20 of the largest and most liquid Sri Lankan companies, has crossed the 6,000 points mark for the first time today (19). Accordingly, the index gained 58.46 points (0.97%) to close at 6,055.92 points, a new all-time high. Meanwhile, the…
At a time when China is getting ready for the 15th five year plan which will take China towards its 2nd Centenary goal (the Xiaokang), the leader of the 2nd largest economy of the world Chinese President Xi Jinping has reaffirmed his fundamental vision of putting his people first & not capital. During 2024, 70%…
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials…
The Sri Lanka Export Development Board (EDB) recently hosted His Excellency Mr. Ihab I. M. Khalil, Ambassador of the State of Palestine to Sri Lanka, for a courtesy call that aimed at fostering stronger trade ties and exploring new avenues for bilateral cooperation. The meeting, recently held at the EDB premises, facilitated a productive discussion…
The operational profit of the Airport & Aviation Services (Sri Lanka) (Private) Limited has increased by 78% in the first six months of 2025 compared to the same period in the previous year. In the first six months of 2024, the company recorded an operational profit of Rs. 9,049 million, whereas in the same period…
The number of tourists who have arrived in Sri Lanka so far this year has exceeded the 1.5 million mark, according to Minister of Tourism Vijitha Herath. A total of 1,500,656 tourists visited Sri Lanka as of 3:00 p.m. today (18), the Sri Lanka Tourism Development Authority (SLTDA) data shows. The SLTDA added that a…
The 30th Annual General Meeting of the Sri Lanka – Australia – New Zealand Business Council (SLANZBC) of The Ceylon Chamber of Commerce was held on 7th July 2025, with H.E. Paul Stephens, High Commissioner of Australia to Sri Lanka, and H.E David Pine, High Commissioner of New Zealand to Sri Lanka & Maldives, in…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 12,544 million and a Profit After Tax (PAT) of Rs. 668 million for the 1st Quarter ended 30th June 2025, compared to a turnover of Rs. 11,665 million and a PAT of Rs. 707 million, in the same period last year. The…
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