With 2018, Sri Lankan apparel sector has entered a breakthrough year in its history of exports. Meanwhile, industry leaders joined by a Cabinet Minister, say that increasing apparel exports and receiving trade benefits such as GSP Plus facility, should not blind the sector but the industry should move on and face emerging challenges to advance…
The European Union has launched a Rs. 810 million project to support the modernization of Sri Lanka’s agriculture sector. The project “Support to the modernisation of the agriculture sector in Sri Lanka” will be implemented by Ecorys. The technical assistance team will assist the Government in making the agriculture sector more productive, diversified, climate-resilient, market-oriented and equitable through…
(This article appeared in the South China Morning Post print edition as: Sri Lanka approves Chinese gas plant near key port) Approval comes amid fears that Chinese-controlled port might be used as a naval base Sri Lanka’s state-run investment body has approved a US$500 million liquefied natural gas plant by China Machinery Engineering near a Chinese-controlled…
Reuters – Sri Lankan shares ended little changed on Wednesday, at a near four-week low, as losses in shares of beverage companies outweighed gains in bank stocks even as many investors continued to stay on the sidelines looking for fresh cues. President Maithripala Sirisena’s appeal to his own coalition government and the opposition in parliament…
Sri Lanka’s newest Free Trade partner in the world, itself a major economic hub, hinted its keen ambitions to leverage the Sri Lankan economic partnership as a springboard towards the rising South Asian market. “Many Singapore businesses see Sri Lanka as a gateway to South Asia” announced President of the Singapore Chinese Chamber of Commerce…
The Emirates Group today announced its 30th consecutive year of profit and steady business expansion. Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s revenue reached AED 102.4 billion…
Daraz Group, a leading e-commerce company in Sri Lanka, Pakistan, Bangladesh, Myanmar and Nepal today announced that the company was fully acquired by Alibaba to become a member of Alibaba Group. With the acquisition, Daraz will be able to leverage Alibaba’s leadership and experience in technology, online commerce, mobile payment and logistics to drive further…
• Consistent policy framework vital to capitalize on rising international profile • Commends Budget 2018 initiatives to boost growth, develop domestic airports and aero sports • Recommends continued digitization of services to capture growing millennial market Global real estate consultancy Jones Lang La Salle (JLL) anticipates a strong surge in tourist arrivals and earnings, which…
The Sri Lanka institute of Marketing (SLIM), the apex Marketing body in the country, is gearing up for one of its biggest highlights of this year. SLIM announced the launch of their programme ‘John Mattone in Sri Lanka’ recently. The Knowledge Forum will be held at the Shangri La, while the CEO’s Breakfast Forum will…
An interactive evening with the delegates of the Singapore Chinese Chamber of Commerce & Industry was hosted on Tuesday evening at Cinnamon Grand by the Sri Lanka – Singapore Business Council. The Sri Lanka – Singapore Business Council inaugurated on August 14, 1997 is the 18th bilateral Business Council formed under the aegis of the…
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