Amid Sri Lanka’s journey toward economic recovery, Indian investors and businesses are closely monitoring the emerging opportunities in the local market. Dr. Naresh Bana, Vice Chairman of the Indo-Sri Lanka Chamber of Commerce and Industry (ISCCI) shared his perspective recently, on current investment trends, bilateral trade, and collaborative ventures between the two neighbours. Despite…
The 21st Annual General Meeting of the Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce (SLRBC) was held recently at the Cinnamon Grand, Colombo 03. The event was graced by the presence of H.E. Levan Dzhagaryan, Ambassador of the Embassy of the Russian Federation in Sri Lanka, who participated as the…
Export Performance in October 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in October 2024 amounted to US$ 1,097.1 million, recorded an increase of 18.22 % compared to the month of October 2023. This was mainly due to the increase in earnings from export of Apparel &…
As a result of its ongoing global process of promoting Sri Lanka across the seven seas and also to showcase the island destinations potential as a world renowned tourist destination, Sri Lanka Tourism Promotion Bureau (SLTPB ) arranged a special Media Familiarization tour for a delegation of 4 bloggers from Vietnam .This was an ideal…
It is ironic that the index is now at a 59 month high – that was in January 2000 not long after the 2019 presidential election Sri Lanka stands at yet another pivotal juncture as a new administration takes office in a country that has only just begun to recover from a debilitating economic crisis….
The United Kingdom (UK)-Sri Lanka Trade Mission, part of the UK Government-funded SheTrades Commonwealth+ Programme, is connecting 13 UK companies with 45 Sri Lankan women entrepreneurs on 2 – 6 December 2024. Co-organised by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), the trade mission aims to strengthen bilateral economic…
Orion City, the nation’s premier IT and business park, has expanded its sustainable infrastructure with a fully operational 700 kW solar energy project at its Colombo 09 complex. This landmark initiative underscores Orion City’s commitment to Environmental, Social, and Governance (ESG) principles, driving a forward-thinking approach to eco-friendly infrastructure and establishing its position as a…
Sri Lanka’s tourism sector is taking a bold step into the limelight as a leading destination for Indian film productions, with the Sri Lanka Tourism Promotion Bureau (SLTPB) taking centre stage at the 10th edition of the India International Film Tourism Conclave (IIFTC) in Mumbai, held from October 23rd to 25th, 2024. The event, renowned…
The Hambantota International Port Group (HIPG) announced a significant investment of US dollars 41 million in state-of-the-art crane technology, set to be fully operational by January 2025. This enhancement includes the installation of four Quay Cranes (QC) and thirteen rubber-tyred gantry Cranes (RTGs) at the Hambantota International Port (HIP), expanding the port’s capabilities to a…
Reuters – Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents…
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