The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) signed a Memorandum of Understanding (MOU) to formalise and strengthen their ongoing partnership in promoting sustainable finance and financial inclusion in Sri Lanka. The two organisations through this partnership aim to engage in building both demand-side and supply-side capacity and connectivity on sustainable…
India proves power of its policy through selfless action in The Maldives They say ‘blood is thicker than water’ to suggest that immediate family bonds will always take precedence over other loyalties. But in South Asia – neighbors are ‘thicker’. Ask anyone born in South Asia just to understand this idea. Families and communities grow…
The United States has committed to providing essential support to strengthen Sri Lanka’s economy. In a meeting held Yesterday (October 8) at the Presidential Secretariat, Mrs. Julie J. Chung, the US Ambassador to Sri Lanka, announced that support would be focused on fostering an export-driven economy in the country. Additionally, Ambassador Chung conveyed congratulations from…
(Bloomberg) – Sri Lanka’s new government said it will review a wind power deal with the Adani Group, throwing a fresh hurdle for the Indian conglomerate as it seeks to expand abroad. The previous administration’s approval of electricity prices for Adani Green Energy Ltd.’s projects “was a problem,” Foreign Minister Vijitha Herath told reporters after…
Huawei, in partnership with du, from the Emirates Integrated Telecommunications Company (EITC), have deployed the first indoor 5G-Advanced Network in the Middle East. Making use of Three Carrier Aggregation (3CC) technology, the network relies on Huawei’s LampSite X ‘Digital Indoor Solution.’ Delivering a peak data rate of 5.1Gb/s, this network further strengthens du’s leading position…
Reuters – The world’s poorest countries are having to prioritize debt service over investments, United Nations Development Programme administrator Achim Steiner said on Monday, scuppering progress towards their sustainable development goals. Speaking at an event in Hamburg, Steiner said the financial crunch meant countries worldwide were struggling to meet the goals – a set of…
The World’s 50 Best Bars 2024, sponsored by Perrier, has revealed the extended 51-100 list. Decided by a voting panel comprised of more than 700 independent drinks experts, renowned bartenders and educators alongside award-winning drinks writers and cocktail specialists, the extended list is a precursor to the reveal of The World’s 50 Best Bars 2024…
Wijar, a Saudi brand of pure Ceylon tea was featured at the International Franchise Exhibition held in Riyadh, Saudi Arabia from 01 to 03 October 2024. Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad attended the exhibition along with the proprietor of the company Faiz Sulaiman Al Faiz, to promote the…
On 19th September 2024, the Democratic Socialist Republic of Sri Lanka (the “Republic”) announced agreements in principle on the restructuring of approximately USD 14.2bn of sovereign debt (as of end 2023) with the holders of its International Sovereign Bonds (the “Bonds”), following negotiations with the Ad Hoc Group of Bondholders (“AHGB”), a representative group of…
The Sri Lanka Automobile Component Manufacturers Association (SLACMA) congratulates the NPP leader Anura Kumara Dissanayake on being elected as the new President of Sri Lanka. The association looks forward to NPP’s futuristic industrial policies to uplift the automobile industry. “It is commendable to see automobile assembly and automobile component manufacturing included in the NPP Policy…
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