A delegation from the Canton Fair Operations Department of China visited Sri Lanka Export Development Board (EDB) on 30th August 2024 to scale up trade relationship between the two countries through participating at trade promotional events such as Canton Fair 2024. China is the 10th export destination for Sri Lanka in 2023. The total export…
A high-level delegation from Mirai Consulting Group, Japan, recently visited Sri Lanka to explore potential investment opportunities in various sectors. The delegation, led by Okada Atsushi, COO of Mirai Consulting Group, met with the EDB Chairman at the EDB headquarters. The purpose of the visit was to identify industries that aligned with the investment interests…
Inovartic Investment Lanka to work in collaboration with Abu Dhabi University (ADU) and Sri Lanka Institute of Nanotechnology (SLINTEC) across Sri Lanka and the UAE Inovartic Investment Lanka Pvt Limited, a joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, has embarked on an initiative to accelerate the advanced manufacturing of…
The Board of Investments of Sri Lanka successfully hosted an investor roundtable titled “Supporting Sri Lanka’s Recovery Through Resource Commitment” at the Ministry of Investment Promotion, Colombo on September 2, 2024. The event brought together prominent Sri Lankan and Indian investors, industry leaders to explore strategic investment opportunities aimed at supporting Sri Lanka’s economic recovery. This roundtable…
The Dialog Innovation Challenge (DIC), Sri Lanka’s largest digital innovation competition, concluded with an impressive showcase of technological talent. The program, aired on TV Derana and Dialog Television’s Channel One over a span of two months, culminated in a grand finale that highlighted its role in fostering technological advancement and local innovators. Supported by a…
Export Development Board (EDB) and KPMG Sri Lanka jointly organized a knowledge-sharing session on the new European Union (EU) regulations concerning Environmental, Social, and Governance (ESG) factors on 11th September 2024. The session took place at the auditorium of the Postgraduate Institute of Management (PIM), with around 200 Sri Lankan export companies. The European Union…
PMF Finance PLC has fortified its financial position through a significant capital boost from the Commercial Bank of Ceylon PLC, Sri Lanka’s largest private commercial bank, with an initial disbursement of Rs. 500 million out of Rs. one billion, this substantial funding is a strong endorsement of PMF Finance’s stability and credibility in the financial…
On the recommendations of the ‘Donoughmore’ commission, British introduced democratic elections to Sri Lanka in 1931. Though the intension was to reduce conflicts, an analysis of election related conflicts since then questions Lankan capacity to understand simple meaning of democracy. Since the parliamentary system lowered from top questioned national stability, President JRJ introduced the Presidential…
By Prof. Asanka S. Rodrigo Sri Lanka stands at crucial crossroads. With an increasing reliance on imported fossil fuels, amidst global climate challenges and energy security concerns, the nation faces mounting economic and environmental pressures. However, the island nation, blessed with abundant natural resources presents a unique opportunity to transition to a more sustainable energy…
No one will be permitted to hinder projects vital to strengthening the national economy, despite protests. Initiated in 2015, the project faced a decade-long delay, costing many job opportunities for the nation’s youth. The new Western Automobile plant is expected to drive significant development in both Kuliyapitiya and the country– President. Marking a significant milestone…
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