The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Automotive Component Manufacturers Association (SLACMA) and Technobiz Lanka, successfully conducted a two-day workshop on Dry Rubber Compounding Technology and Plant Management. The event, held on December 20–21, 2024, at the EDB headquarters, aimed to enhance the skills and knowledge of technical professionals…
Aitken Spence Travels walked away with the coveted title of Best Travel Agent Inbound – Large Category, Best Cruise Lines Operator and Best Professional MICE Organizer at the recently concluded Sri Lanka Tourism Awards 2024 organized by the Sri Lanka Tourism Development Authority. These accolades underline Aitken Spence Travels’ leadership and commitment to the continuous…
Sri Lanka has achieved a significant milestone in its tourism sector, proudly welcoming the two millionth tourist arrival on December 26, 2024. The two millionth lucky tourist was Mr.Prasan Ingkanunt from Thailand who arrived on UL 403 for his first visit in Sri Lanka with his wife and sister . This marks the first time…
The Colombo Stock Market extended its historic rally today (26), with the All Share Price Index (ASPI) reaching a new all-time high of 15,400.53. The ASPI gained 232.13 points, closing at 15,400.53, reflecting a 1.53% increase from the previous trading session. Meanwhile, the S&P SL20 index, which tracks the top 20 companies, also rose by…
Mitsubishi Motors to explore participation or involvement in the consideration of business integration Nissan Motor Co., Ltd. (“Nissan”), Honda Motor Co., Ltd. (“Honda”), and Mitsubishi Motors Corporation (“Mitsubishi Motors”) have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through…
By Jithendra Antonio Navigating a New Era in Global Trade Sri Lanka, an island that has stood as a strategic maritime crossroads for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in global commerce. With its perfect position at the heart of international sea…
In a significant development for Sri Lanka’s Fair trade sector, a stakeholders’ meeting was recently held in Colombo in December 2024, organized by the Export Development Board (EDB) and the Fairtrade Network of Asia Pacific Producers (NAPP), Sri Lanka. The meeting aimed to discuss the main projects currently executing, future of Fairtrade in Sri Lanka,…
A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held Monday (23) at the Presidential Secretariat under the patronage of President Anura Kumara Disanayake. The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet…
Hambantota International Port (HIP) experienced a modest increase in cruise ship arrivals in 2024, marking a significant shift in the origin of vessels calling at the port. While there was a noticeable decline in cruise ships originating from the Indian subcontinent, the port saw a substantial rise in ships arriving from Europe. Of the 23…
The Invitation Memorandum for the exchange of International Sovereign Bonds of the Democratic Socialist Republic of Sri Lanka dated 25 November 2024 (the “Invitation Memorandum”) was published by the Ministry of Finance, Planning and Economic Development with subsequent announcement of the final results of the consent solicitation for the exchange on 16 December 2024 (terms…
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