President Anura Kumara Disanayake has instructed officials to promptly implement the necessary plans to position Sri Lanka as an attractive destination for tourists. He further emphasized that the successful implementation of the “Clean Sri Lanka” initiative would strengthen efforts to promote the tourism industry. The President made these remarks during a meeting held at the…
As Hambantota International Port (HIP) gears up to enhance its container operations with the introduction of advanced crane technology in early February 2025, Wilson Qu, CEO of Hambantota International Port Group (HIPG), emphasized the port’s commitment to exploring untapped markets to expand its portfolio. This strategic initiative aims to significantly boost container volumes and solidify…
Sri Lanka is witnessing a significant shift towards sustainable finance with Colombo Stock Exchange (CSE) introducing the listing and trading of Green Bonds in 2023. DFCC Bank led the way among financial institutions to issue the first green bond in the country, aimed at funding renewable energy projects particularly in the solar energy sector. This…
Asia Capital PLC, along with its majority owner Dato Vijay Eswaran, has categorically denied recent claims circulating on social media that MAC Holdings has made a formal offer to acquire a majority stake in the company. In a statement issued, the company emphasized that no formal offer has been received, refuting what it called “unsubstantiated…
Sri Lanka took another significant step toward textile circularity with a four-day program under the GTEX Phase II initiative, organized by the International Trade Centre (ITC) and funded by the Swiss State Secretariat for Economic Affairs (SECO). The event, which combined a two-day training-of-trainers session with a workshop on Circular Economy Business Models for the…
This investment follows the strategic move by Ambeon Capital PLC and its subsidiaries, who recently acquired a 9.02% stake in DFCC Bank PLC Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka’s financial services industry through strategic investments. Recently, the company increased its…
Sri Lanka recently played host to four renowned Australian-based social media influencers in a groundbreaking digital marketing initiative aimed at rejuvenating the country’s tourism industry. This carefully curated campaign, organized by the Sri Lanka Tourism Promotion Bureau (SLTPB), concluded successfully on December 16th, 2024, as the influencers returned to their home countries, leaving a trail…
With the holiday season now underway, Visa, the global leader in digital payments, reminds shoppers to stay vigilant amidst a rise in fraud schemes. Visa’s Payment Ecosystem Risk and Control (PERC) team released the 2024 Holiday Threats Report, outlining common methods fraudsters use to steal money, data, and account details while people plan their festivities….
The Export Development Board (EDB) successfully conducted a networking and knowledge sharing session for the women entrepreneurs registered under the “Women Entrepreneurship Development Program” recently at the EDB-NDB Tower, Colombo 02. The event addressed one of the key barriers faced by women entrepreneurs, lack of networking opportunities with industry leaders. This exclusive session brought together…
India Today – Dr Manmohan Singh’s tenure as Finance Minister in the early 1990s and later as Prime Minister from 2004 to 2014 introduced policies that continue to influence India’s growth. Former PM Manmohan Singh dies at age 92 Architect of India’s 1991 economic reforms Led liberalisation, privatisation, globalisation “I honestly believe that history will be…
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