The Sri Lanka-Korea Business Council of the Ceylon Chamber of Commerce (SLKBC) recently held its 29th Annual General Meeting at the Ceylon Chamber of Commerce, with Her Excellency Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, gracing the occasion as the Chief Guest. In her address, the Ambassador commended SLKBC’s efforts in…
The Embassy of Sri Lanka in Riyadh in collaboration with the Ministry of Buddhasasana, Religious and Cultural Affairs of Sri Lanka facilitated the first ever participation of four Sri Lankan companies of handicrafts in the Saudi International Handicrafts Week Exhibition “Banan 2024. The event was held in Riyadh from 23to 29 November 2024. Ambassador of…
The Sri Lanka rupee maintained its appreciating trend, recording a monthly gain for November 2024, consistent with the overall appreciation observed throughout the year. As of 29 November 2024, the rupee appreciated by 11.3% against the US dollar, while also strengthening against major currencies, including the euro, pound sterling, Chinese yuan, Japanese yen, Indian rupee,…
Launches pilot ‘Agri Modernisation Village’ programme in Mahilankadu, Kilinochchi The Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country. This initiative aims at empowering farmer communities and improving the quality and volume of crop yields by fostering sustainable…
The Advisory arm of TWC Holdings (formerly TWCorp), a company founded in 2012 by Thilan Wijesinghe, has emerged as a transformative partner in adapting tourism development to meet the impacts of climate change in the Maldives. Recently, the Maldives Fund Management Corporation (MFMC) was advised by Thilan, who is a specialist in Public Private Partnerships,…
China Unicom Beijing and Huawei held an event, “5G Capital on the Way – Lighting Up Beijing with 5G-Advanced,” to announce their deployment of the world’s first large-scale integrated 5G-Advanced intelligent network. The network supports a world-leading 5G-Advanced smart commercial complex, with high- and low-band integrated networking, at the Workers’ Stadium. Furthermore, a benchmark was…
In an exciting initiative to bolster Sri Lanka’s tourism industry, the Sri Lanka Tourism Promotion Bureau (SLTPB) is set to host four prominent Australian-based social media influencers this December. The campaign aims to capture the allure of Sri Lanka through the eyes of these digital content creators, whose combined reach spans millions of followers across…
The All Island Dairy Association extended its heartfelt congratulations to the new NPP government for winning both recent elections and in particular welcomes the newly appointed Minister of Agriculture, Livestock development, Land & Irrigation – K.D Lal Kantha – while pledging their full support to him. AIDA serves as the central forum for consensus building…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -2.1% in November 2024, compared to -0.8% in October 2024, according to the latest data released by the Department of Census and Statistics. The CCPI for all items for the month of November 2024 was 189.4 and…
People’s Bank, Sri Lanka’s leading financial services provider, announced its financial results for the nine months period ended September 30, 2024. The Bank reported total consolidated operating income of LKR 75.4 billion and post-tax profit of LKR 6.4 billion. Excluding the impact of exceptional adjustments in view of greater prudence, considering the yet to be…
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