The Sri Lanka Export Development Board (EDB) and Janathakshan GTE Ltd., the lead implementing partner of the GEF-07 Project, signed a Memorandum of Understanding (MoU) at the EDB Head Office, formalizing a strategic collaboration related to biodiversity conservation, sustainable land management, and climate-resilient livelihoods.The MoU was signed by Mr. Mangala Wijesinghe, Chairman/Chief Executive Officer of…
Ministry of Ports & Civil Aviation has launched a formal drive to attract both local and international investors to Mattala Rajapaksa International Airport (MRIA), in what officials are describing as a pivotal step in revitalizing the country’s aviation sector and stimulating economic growth in the country’s south. The Board of Investment of Sri Lanka will…
Emirates, the world’s largest international and most profitable airline, is scouting for top-tier aircraft engineering and technical talent worldwide. The airline’s next official stop is Sri Lanka, where it is hosting roadshows in Colombo on 19 and 20 May. Interested candidates who wish to attend the event are required to register in advance at: www.emiratesgroupcareers.com/engineering/….
The regional activity of figures such as Arjuna Samarakoon shows how diaspora linked business networks are becoming more relevant to Australia’s engagement with Southeast Asia. Australia’s Asia focus is widening Australia’s commercial focus on Asia is becoming more deliberate. The Australian Government’s Southeast Asia Economic Strategy to 2040 identifies the region as central to future…
The introduction of CDF Duty Free at Port City Colombo, a downtown retail concept by the China Duty Free Group, has marked a significant shift in Sri Lanka’s retail landscape. This facility brings a world-class shopping environment to the heart of the city, offering international brands and competitive pricing comparable to global hubs like Dubai,…
Reuters – Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran’s response to a Washington proposal highlighting stark differences that have kept supply concerns alive. Brent crude futures were up 86 cents, or 0.8%, at $105.07 per barrel, while U.S. West Texas Intermediate gained 99 cents,…
International Trade Exhibition Rescheduled Amid Global Geopolitical Uncertainty The Sri Lanka Export Development Board (EDB) has announced that Sri Lanka Expo 2026, originally scheduled to be held in 2026, has been rescheduled to 14–17 January 2027. The international trade exhibition will take place at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. The decision…
Reuters – The Indian rupee hit an all-time low on Tuesday (12), weighed by expectations of prolonged high crude prices, persistent portfolio outflows and weakening sentiment. The rupee opened at 95.50 versus the U.S. dollar, slipping past its previous record low of 95.4325 hit last week. The currency extended its fall to 95.6250, taking losses…
According to a research report by Mordor Intelligence, the coconut oil market size is projected to grow from USD 7.75 billion in 2026 to USD 11.05 billion by 2031, registering a CAGR of 7.36% during the forecast period (2026–2031). Growth is supported by rising demand for clean-label cooking oils, expanding use in pharmaceuticals, and increasing adoption in cosmetics and personal care products. Government initiatives in key producing countries such as the Philippines…
Following its landmark achievement of reaching a Gross Written Premium (GWP) of Rs. 11 billion in 2025, HNB General Insurance (HNBGI) enters Financial Year 2026 (FY2026) with a revitalized strategic roadmap. The company has mobilized a strengthened and digitally-empowered sales force, specifically engineered to capture emerging market opportunities and translate technical innovation into sustainable, long-term…
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