Billionaire businessman Dhammika Perera has been re-appointed as the Non-Executive Director to the Board and as the Co-Chairman of Hayleys PLC with effect from today (October 01). The business tycoon resigned from the positions on June 10, 2022, after deciding to accept the SLPP National List MP seat in parliament which had fallen vacant following…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Melbourne (SLCG) and the Sri Lanka-Australia Chamber of Commerce (SLACC), successfully organized a trade delegation to Melbourne, Australia, from 2nd to 6th September, 2024. The delegation comprised 17 distinguished Sri Lankan companies, each selected through an interview process for…
President Anura Kumara Dissanayake met with U.S. Ambassador Julie J. Chung at the Presidential Secretariat today (01). During the meeting, Ambassador Chung congratulated President Dissanayake on his recent inauguration and reiterated the U.S. commitment to strengthening bilateral relations with Sri Lanka. Discussions focused on enhancing diplomatic ties and fostering economic and social cooperation between the…
Colombo West International Terminal (CWIT) has made another crucial advance towards becoming one of Asia’s leading port facilities with the delivery of its first 2 semi-automated Rail Mounted Quay Cranes (RMQCs) and 3 additional fully automated Cantilever Rail-Mounted Gantry Cranes (CRMGs). This shipment marks the second in a series of deliveries as the terminal gears…
SriLankan Airlines has unveiled new apron bus wraps that celebrate the iconic cities forming the map of Sri Lanka. Through vibrant illustrations, the new wraps promote the extraordinary iconography and experiences that each location offers. These newly branded apron coaches, which transfer passengers between the terminal and remote stands at Bandaranaike International Airport, will be…
The President has appointed two senior consultants to advise on economic affairs and finance, as per the powers vested in him by Article 41 (1) of the Constitution. The appointments, made in consultation with the Cabinet of Ministers, have been confirmed effective from September 24, 2024. Mr. Duminda Hulangamuwa and Dr. A.A.J. Fernando have been…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) entered into negative teritory, recording a deflation of 0.5% in September 2024, for the first time since September 2015. Food category recorded a deflation (Y-o-Y) of 0.3% in September 2024 compared to the inflation of 0.8% in August 2024. Further, Non-Food category also recorded a…
Airline concludes 2024 Passenger Sales Conference, a four-day event filled with forward-thinking discussions and inspirational sessions focused on the future Over 850 Emirates commercial team members from around the world convened in Dubai this week for the airline’s Passenger Sales Conference 2024 under the banner of ‘Next Era – Equip, Embrace, Excel’. This biannual event…
Export Performance in August 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel &…
The Communist Party of China (CPC) formed the Peoples Republic of China (PRC) on 1st October 1949 & PRC thus celebrates its 75th anniversary on 1st October 2024. Communist Party lead government built world’s 2nd largest economy while delivering domestic demands to a population which is approx 1/5 of global population. This is a good…
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