Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in June 2024, indicating an expansion in manufacturing activities. All the sub-indices, except for employment, remained above the neutral threshold during the month. The expansion in New Orders and Production was mainly due to the growth in the manufacture of food and beverages sector….
Cable Solutions Limited (CSLK), a leading specialised integrated cable manufacturer in Sri Lanka is firmly focused on anticipating and addressing future technological challenges. As CSLK gears up for its initial public offering (IPO), set to open on the 23rd of July 2024, the company is leveraging its future-facing ethos – which has delivered robust growth…
Dipped Products PLC (DPL), a global leader in the manufacturing of high-quality gloves and a subsidiary of Hayley’s PLC announced the opening of its dedicated sales and marketing office in Mumbai, India. This strategic move is part of DPL’s ongoing global expansion strategy to enhance its presence in key markets. Notably, the new Mumbai sales…
Nikkei Asia – TikTok, the viral short video app owned by China’s ByteDance, is becoming one of the largest e-commerce platforms in Southeast Asia, a market long dominated by local players like Shopee and Alibaba’s Lazada, an annual study released Tuesday showed. The app’s e-commerce platform TikTok Shop increased its gross merchandise volume (GMV) nearly fourfold…
Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 55 million has been paid so far – Chairman of Sri Lanka Tea Board. A Coconut Triangle established in the Northern Province to improve living conditions in the region – Chairman of CDA. Special program initiated to…
The Hambantota International Port’s (HIP) second quarter report on LPG operations records an increase of approximately 100% in volumes handled compared to 2023 numbers. Bunker volumes at the port have also increased considerably by almost 128%. Building on this success, HIP has expanded its services to accommodate diverse oil and gas operations, including LPG vessel…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the authorised provider for Apple, has introduced the next major advancement in eSIM technology: the eSIM Quick Transfer feature. As a first in Sri Lanka and South Asia, this revolutionary service allows iPhone and iPad users to transfer their eSIMs between devices with unparalleled ease and…
In July 1921 the Communist Party of China (CPC) took the 1st centenary goal to eradicate poverty in China by 2021. It reached the goal in 2020 & on the eve of its 103rd anniversary members celebrated with a symphony concert at the CPC Museum in Beijing. CPC statistics indicate that the Museum opened in…
The Securities and Exchange Commission of Sri Lanka (SEC) successfully hosted the International Organization of Securities Commissions’ (IOSCO) Committee on Retail Investors (Committee 8) meeting, in Colombo from 26th to 28th June 2024. IOSCO, the international body recognized as the global standard setter for financial markets regulation, brings together over 200 members from 130 jurisdictions,…
Positivity Back to June 2023 Levels – Mood of the Nation Survey by Verité Research. Over three times as many people approve of the government and feel better about the economy and the country’s economic trajectory compared to four months ago, according to the latest round of the Gallup style ‘Mood of the Nation’ poll…
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