Sri Lanka and Japan are set to formalize key debt restructuring agreements tomorrow (07), marking a significant step in the island nation’s ongoing economic recovery efforts. The agreements will be signed at the Ministry of Finance between the Government of Sri Lanka and the Government of Japan, alongside amendments to existing arrangements with the Japan…
With over 400 certified organic exporters/ processors and more than 12,000 organic producers, Sri Lanka’s organic sector contributes over $0.5 billion annually to the national economy. By aligning regulations with international standards, the country aims to strengthen its credibility in the global organic market and unlock new trade opportunities. Key organic exports include tea, coconut-based…
Indian Prime Minister Narendra Modi who is leading the Indian economic expansion is expected to visit Sri Lanka in April. He is likely to discuss issues including connectivity & economic ties with Sri Lankan counterparts. According to legend, Prince Rama connected the two countries to send Monkeys to create chaos & conflict. To mitigate similar situations…
YTD Local revenue increase by 10% 47% revenue increase in Bangladesh in Q3 against Q2 Overall GP margin increase by 5% Operational profit margin increases by 4% in Q3 signaling growth YTD PAT increase by 74% with margin increase of 6% JAT Holdings PLC has recorded a stellar performance for Q3 of FY 2024/25, crossing…
MAS Holdings to gain greater access to growing Indian market with expansions in Odisha, India MAS Holdings, South Asia’s largest apparel manufacturer, marked a significant milestone in its global expansion by breaking ground for its first facility in the state of Odisha, India. This strategic initiative builds on MAS’ long-standing presence in India while strengthening…
The effective implementation of the National Budget has been a key concern for many years. To enhance the feasibility of budget proposals and extend the discussion beyond just the month following a budget speech, the Ceylon Chamber is launching a seminar series titled Implementing the National Budget 2025. This initiative aims to drive actionable insights…
SriLankan Airlines, in collaboration with Telangana Tourism, organised a familiarisation (FAM) tour with 14 Sri Lankan delegates, including top travel agents and outbound tour operators. The curated itinerary featured both ancient Buddhist heritage sites and modern attractions, offering a deep dive into Telangana’s cultural and historical richness. The tour included visits to the Buddhavanam Project,…
The British High Commission and the Sri Lanka Tourism Development Authority (SLTDA) introduced a Counter-Terrorism Awareness eLearning Platform aimed at enhancing security awareness and resilience within Sri Lanka’s tourism industry. Modelled after the UK’s successful Action Counters Terrorism (ACT) initiative, this online course equips tourism professionals with the skills to identify and address potential threats,…
“The Maison” is a new residential development that will be built in Abdul Gafoor Mawatha. Signed an agreement with the BOI of a value of USD 9.08 million. It is a 15-story (14-floor) luxury apartment complex that will go above and beyond the typical family home to provide an exceptional lifestyle. Each of the 48…
By Dr Asanka Wijesinghe The proposed additional tariffs on the US imports from Canada, China, and Mexico went into effect early Tuesday morning (March 4), paving the way for a trade war between the US and major trade partners. In addition, the Presidential Memorandum on Reciprocal Trade and Tariff of the United States (US) has…
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