Axiata Group Berhad (“Axiata” or “the Group”) announced that Dr Hans Wijayasuriya, CEO of Telecommunications Business and Group Executive Director has been invited by the Government of Sri Lanka (“GoSL”) to lead the country’s digital economy agenda in the capacity of Chief Advisor to the President on Digital Economy and other related leadership roles. Dr…
The Consulate General of Sri Lanka in Mumbai together with the Industrial Development Board and the Export Development Board of Sri Lanka organized the Sri Lanka Pavilion at the 5th edition of the World Trade Expo (WTE 2024). WTE 2024 was organized by the World Trade Center Mumbai in collaboration with All India Association of Industries…
Horana Plantations PLC (HPL), a pioneer in Sri Lanka’s plantation sector and a distinguished member of the Hayleys Group PLC, has unlocked a groundbreaking milestone as the first company in the country to develop a management system fully compliant with the European Union Deforestation Regulation (EUDR), setting a new benchmark for sustainability and excellence in…
Sri Lanka’s external debt reached USD 37.5 billion as of June 2024, according to the Mid-Year Fiscal Position Report. In the first half of 2024, debt service payments amounted to USD 503 million, comprising USD 275.1 million in principal and USD 227.9 million in interest. As part of its interim debt standstill policy, the government…
AmSafe Bridport is a subsidiary of Transdigm Company (a $6.6B company that employs over 16,000 people globally and listed on New York Stock Exchange ). Established in 2001 as an engineering solution provider to global airlines and aircraft builders such as Boeing and Airbus, AmSafe BirdPort began its miniaturization operations in Sri Lanka to cater…
By Jithendra Antonio Transforming Conflict into Opportunity for a Thriving Future In a world increasingly fragmented by geopolitical conflict, Sri Lanka has a remarkable opportunity to establish itself as a sanctuary for global talent and displaced professionals. Spanning over 65,000 square kilometers with a GDP of $74 billion at present, this island nation can strategically…
The LNG (liquefied natural gas) dual-fuel RORO vessel Glovis Selene made its maiden call at the Hambantota International Port (HIP) last week, unloading 627 CEUs (Car Equivalent Units) and loading 934 CEUs bound for the Persian Gulf. This marks the second time a dual-fuel LNG vessel has docked at HIP, highlighting the port’s capacity to…
The Asia-Pacific region prospered by becoming the source of more than half of global factory output, but another transformation to higher-productivity services has the potential to further support growth. Employment and production typically move from agriculture to manufacturing to services, as part of natural progression that comes with rising income. Today, many Asian countries—including China,…
Destination Sri Lanka Aims to Captivate 7 Million Travel Enthusiasts The Sri Lanka Tourism Promotion Bureau (SLTPB) is thrilled to announce an exciting initiative aimed at promoting Sri Lanka as a premier travel destination through a series of influencer-led creative press trips from October 28 to November 8, 2024. This event will feature 30 renowned…
The Sri Lanka-Canada Business Council (SLCBC) of the Ceylon Chamber of Commerce successfully concluded its nine-member trade and investment mission to Canada, strengthening bilateral ties and exploring trade, investment, and allied opportunities in key sectors. Held from October 14th to 22nd, the mission was led by SLCBC President Priyantha Chandrasekara and included constructive exchanges with Canadian…
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