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Port City Colombo Hosts Exclusive Networking Session with Lord Marland, Chairman of Commonwealth Enterprise and Investment Council

Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), on 19th February 2024 at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s…

(0)Comments | February 20, 2024 3:18 pm

Sri Lanka’s tourism poised for remarkable growth as visa free travel enhances industry potential

Tourism in Sri Lanka is on a high growth trajectory following a boost in Sri Lanka’s potential as a must-visit destination. Visa free travel for tourists from China, India, Indonesia, Russia, Thailand, Malaysia and Japan has provided the right nudge for tourists to put Sri Lanka on the top of their travel bucket list. Nationals…

(0)Comments | February 20, 2024 3:03 pm

14th round of ETCA negotiations between India, Sri Lanka in March

The 14th round of negotiations between Sri Lanka and India on the Economic and Technology Cooperation Agreement (ETCA) are scheduled to be held in New Delhi, in the first week of March 2024. At its meeting on Monday (19 Dec.), the Cabinet of Ministers took into consideration the submission made by President Ranil Wickremesinghe regarding…

(0)Comments | February 20, 2024 2:50 pm

Sri Lankan Apparels shine at Las Vegas

Considering Sri Lanka’s reputation for its manufacturing excellence with extensive operations in South Asia,  the Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Missions in the USA organized the Sri Lanka Country pavilion at “Sourcing at Magic Exhibition” in Las Vegas, USA, which was held recently with the participation of eleven (11)…

(0)Comments | February 20, 2024 1:25 pm

SLPBC of the Ceylon Chamber Leads Business Delegation to Expo Engineering and Healthcare Show in Lahore

The Sri Lanka- Pakistan Business Council (SLPBC) of The Ceylon Chamber of Commerce in collaboration with the Pakistan High Commission in Sri Lanka led a 10-member business delegation to the third Expo Engineering and Healthcare Show in Lahore recently. Spearheaded by the President of the SLPBC Mr. Indra Kaushal Rajapaksha, the delegation joined over 600…

(0)Comments | February 20, 2024 12:37 pm

Emirates Flight Catering fully acquires Bustanica, the world’s largest indoor vertical farm

The acquisition makes Bustanica a 100% UAE-owned agriculture venture Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm. This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food…

(0)Comments | February 20, 2024 10:47 am

Aitken Spence Logistics offers a best-in-class Container Freight Station complementary to the region’s buoyant growth

Aitken Spence Logistics unveils its latest state-of-the-art Container Freight Station (CFS) to facilitate the growing requirements of the supply chain community in the region. This 100,000 sq. ft. facility, strategically positioned within the main logistics complex in Mabole, Wattala, reflects the company’s commitment to serve the Export-Import community of the region, providing operational excellence, supply…

(0)Comments | February 20, 2024 10:14 am

50 cruise ships to call at Sri Lankan ports from February to April

Xinhua – Fifty cruise ships will be calling at Sri Lankan ports from February to April, state media reported on Sunday quoting B.H.R. Sariffo Deen, director general of Sri Lanka Tourism Development Authority. Sariffo Deen said most of the cruise ships will call at Colombo harbor, and some will also anchor in Hambantota and Trincomalee…

(0)Comments | February 20, 2024 10:10 am

Pan Asia Bank posts Steady Performance during FY 2023 – Profit before Tax increases by 258% amidst continuing external challenges

Profit before Tax for the year Rs. 2,328 Mn, up by 258%   Net Interest Income for the year Rs. 10,302 Mn, up by 9% Net Trading Gains for the year Rs. 1,027 Mn, up by 823%  Total Assets Rs. 233 Bn, grew by 12%  Operating Profit for the year Rs. 3,326 Mn, up by…

(0)Comments | February 20, 2024 6:45 am

UN FAO Director General Meets President to Discuss Economic Recovery, Agriculture Modernization

Dr. Qu Dongyu, Director General of the UN Food and Agriculture Organization (FAO), paid a courtesy visit to President Ranil Wickremesinghe at the Presidential Secretariat this afternoon (19), commending the President’s leadership amid Sri Lanka’s economic challenges. During the meeting, Dr. Dongyu conveyed congratulations to President Wickremesinghe for his efforts in navigating Sri Lanka through…

(0)Comments | February 19, 2024 5:20 pm