Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. The occasion was graced by Chief Guest, Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment & Tourism. Also present at the event were H.E. Qi Zhenhong, Ambassador, Embassy of the People’s…
One World Duty Free (ODF) is a leading and an omnichannel duty free global travel retail brand that is headquartered in Singapore, proudly announced its latest duty- free store opening at the Port City Duty Free Mall in Colombo on 1 January 2025. This marks a milestone in the ODF’s strategic entry to the South…
The Central Verification Division of the Board of Investment of Sri Lanka, located in Orugodawatte, will digitize many functions, including issuing gate passes, starting today (10th, January). Accordingly, the Board of Investment of Sri Lanka expects this program to provide an efficient service with minimal human intervention, eliminating the need for paper and enhancing the…
Emirates has launched an inspiring journey to officially become the world’s first Autism Certified Airline™, inviting customers with autism and sensory sensitivities to experience Emirates’ seamless services and personalised hospitality, making travel more accessible for all. The inaugural designation is set to be formally awarded by the International Board of Credentialing and Continuing Education Standards…
BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, and its authorized Sri Lankan agent, John Keells CG Auto(JKCG Auto), are proud to announce a strategic partnership with Indra Service Park (Pvt.) Limited, a subsidiary of Indra Group of Companies. This collaboration marks a significant step in expanding BYD’s presence into Sri Lanka’s central region,…
Reuters – Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China, according to a United Nations report released on Thursday.The World Economic Situation and Prospects report said that “positive but somewhat slower growth forecasts for China and the United States” will…
The Appropriation Bill for the 2025 financial year was presented to Parliament today (09), outlining the government’s proposed expenditure for the year from January 1, 2025 to December 31, 2025. The total estimated government expenditure for the period from January 1 to December 31, 2025, has been set at Rs. 4,616 billion. Details of the…
Fitch Ratings – Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC+’ from ‘CCC-‘. The ratings do not have an Outlook because of the high volatility at this rating level, in line with Fitch’s rating definitions. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘ccc+’ from…
With urgent agricultural reforms becoming increasingly imperative, the session on ‘Transforming Productivity in Agriculture’ at The Sri Lanka Economic Summit (SLES) organised by The Ceylon Chamber of Commerce, will examine strategies to boost agricultural productivity, and the reforms necessary to support key targets. Conducted under the theme Shaping Sri Lanka’s Future: Transformational Growth Rooted in…
The Appropriation Bill to allocate funds for the government expenditure in 2025 financial year has been presented to the Parliament by Prime Minister Dr. Harini Amarasuriya. Accordingly, the second reading (Budget Speech) of the Appropriation Bill is scheduled to be held on February 17 and the second reading debate is scheduled to be held for…
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