In light of the solid waste management challenges faced, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and three of Sri Lanka’s largest Fast Moving Consumer Goods (FMCG) companies – Coca-Cola Sri Lanka Beverages Ltd. along with The Coca-Cola Foundation, Nestlé, and Unilever, have come together to launch a sustainable plastic waste management project, with the…
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in July 2024 amounted to US$ 1,087.6 million, recorded an increase of 6.58 % compared to the month of July 2023. This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Coconut based products,…
Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, has been awarded a prestigious “A” grade in Global Finance’s 2024 Central Banker Report Cards. This top-tier recognition places Dr. Weerasinghe among the elite central bank governors worldwide, acknowledging his exceptional leadership and strategic acumen in steering Sri Lanka’s economy through turbulent times….
Fitch Ratings: Fitch Ratings expects the positive momentum in Asia-Pacific (APAC) exports to persist in the near term, with electronic and electrical product exporters capitalising on the tech upcycle and deepening regional integration. Several APAC economies benefit from strong investment in artificial intelligence (AI), a gradual recovery in consumer electronics shipments and continued adoption of…
The Ambassador-designate of Sri Lanka to Thailand Wijayanthi Edirisinghe recently engaged in a discussion with representatives from Azend Technologies Pvt. Ltd., a Sri Lankan IT and software consulting firm, to explore opportunities for expanding their global footprint into Thailand. The discussions centered on leveraging Thailand’s robust agricultural sector, recognizing the potential for growth in the…
State Minister for Investment Promotion, Dilum Amunugama, announced that Sri Lanka has secured an export income of USD 9 billion in the first six months of this year. He also highlighted that investment agreements totaling approximately USD 800 million have been signed during the same period. State Minister Amunugama shared this information at a press…
Reuters – Tesla is recalling 9,136 Model X sports utility vehicles over a trim on the roof that could separate, increasing the risk of a crash, the National Highway Traffic Safety Administration (NHTSA) said. This marks a rare physical recall for the Austin, Texas-based automaker, which usually fixes issues in its vehicles through over-the-air software…
The Maliban Group – a household name in Sri Lanka with a 70-year heritage in quality and taste – has announced a significant leadership transition, with Ms. A.G. Kumudika Fernando being appointed as Chairperson of the Group, with effect from the 15th of August 2024. This appointment follows the recent passing of Mr. A.G. Ratnapala…
A New Era of Opportunities The Sri Lanka Export Development Board (EDB), together with SLASSCOM, proudly launched the “SheExports” Capacity Building Programme for Women Tech Entrepreneurs on August 9th 2024. This initiative, designed as a long-term capacity-building and mentoring programme, marks a significant milestone in empowering women entrepreneurs in the ICT/BPO sector to take their…
Sobadhanavi Power Plant to Be Inaugurated on 28th August. Aim is to Ensure Continuous, Quality Electricity Supply at Minimum Cost. Opportunity to Strengthen President’s Program for Transition to Renewable Energy – Minister of Power and Energy Kanchana Wijesekera. A significant milestone in Sri Lanka’s energy sector unfolded today (20) with the signing of a Memorandum of…
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