Based on the joint request by Sri Lanka and Indonesia, the European Commission made a landmark decision on 9 July 2024 permitting regional cumulation between the two countries on selected textile and apparel products, when they export to the 27-member countries of the European Union under the EU Generalized Scheme of Preferences (GSP) scheme. This decision…
The High Commission of Sri Lanka in Singapore in collaboration with the National Gem and Jewellery Authority of Sri Lanka (NGJA) organized the Sri Lanka pavilion at the Singapore International Jewellery Expo (SIJE) 2024 held from 11 to 14 July in Marina Bay Sands, Singapore. Four Sri Lankan companies, namely Cara Jewellers, Ceylon Shine Gems,…
Indian Railway Catering and Tourism Corporation (IRCTC) together with Lanka Sportreizen, a leader in the leisure industry, recently launched the schedule of Buddhist Special Train (Mahaparinirvan Express). This special luxury train takes Buddhist travellers from across the globe to most of important places related to The Enlightened One’s life and teachings. Officials from the Indian…
On July 18th, 2024, Sri Lanka will host a significant event at the Temple Trees Auditorium, bringing together public and private sector leaders from various industries to address the urgent issue of developing the nation’s human capital, for a future ready workforce, at the Sri Lanka Human Capital Summit (SLHCS) 2024. The event will be…
The Board of Directors of Merchant Bank of Sri Lanka & Finance PLC (MBSL) has resolved to grant approval in principle for the proposed sale of MBSL’s entire shareholding (53.81%) in MBSL Insurance Company Limited (MBSLI). This decision was made during a meeting held on 11th July 2024. The proposed sale is contingent upon obtaining…
WindForce PLC and Vidullanka PLC have announced a strategic acquisition aimed at strengthening their positions in the renewable energy sector. The two companies have entered into a definitive share sale and purchase agreement with Hi-energy Services (Private) Limited, acquiring a substantial equity stake in Solar Universe (Private) Limited. Under the agreement, WindForce PLC and Vidullanka…
The upcoming ‘YARN Expo – 2024’ will be hosted by The Southern Gujarat Chamber of Commerce and Industry and The Southern Gujarat Chamber Trade and Industries Development Centre. It will take place from August 9th to 11th, 2024, at the Surat International Exhibition and Convention Centre, Sarsana, Surat. Mr. Vijay Mewawala, President of SGCCI, said that this exhibition…
Seylan Bank, announced that its recent LKR 10Bn Debenture issue was oversubscribed on its opening day, with applications for over 100 million debentures, signalling strong investor confidence. The Bank issued an initial LKR 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. These debentures, priced at Rs. 100 each, have maturity…
In a significant step towards enhancing economic cooperation between Sri Lanka and Thailand, Saranga Wijeyarathne, President of the Colombo Chamber of Commerce and Director of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), along with Dushyantha Basnayake, President of the Sri Lanka-Thailand Business Council, met with Sanan Angubolkul, Chairman of the…
The World Bank Group has retained the services of MTI Consulting to assess the Bahrain Private Sector – through the Bahrain Enterprise Survey 2024, which will finally be used as inputs for the World Bank’s Business Ready (B-READY) Project. The Enterprise Surveys collect data on firms’ perception of the business environment, including finance, infrastructure, competition,…
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