The Executive Committee of the Sri Lanka – Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce met Ms. Wijayanthi Edirisinghe, Sri Lanka’s Ambassador-designate to Thailand, recently to discuss opportunities for trade and investment collaboration in several key industry sectors. During the meeting Ms Wijayanthi highlighted the potential for cooperation across various sectors,…
Perceived Economic Opportunity Index [PEOI] 2024 Q2: April 01 to June 30, 2024 This is what we said at the end of 2024 Q1: “Hope continues to elude Sri Lankans despite a few downward adjustments in prices due to the strengthening currency. The only bright spot is that the perception of fighting corruption has increased…
Mukesh Ambani has arranged a fleet of 100 planes, including 3 Falcon 2000 Jets, to ensure guests arrive in style for Anant Ambani and Radhika Merchant’s wedding at Mumbai’s Jio World Convention Centre. Financial Express – The highly anticipated wedding of Anant Ambani, the youngest son of Mukesh Ambani, Asia’s richest man, to Radhika Merchant,…
The Committee on Public Finance (COPF), chaired by Dr. Harsha de Silva, has released a critical report revealing major discrepancies in the procurement process and agreement with the Consortium comprising GBS Technology Services, IVS Global-FZCO, and VF Worldwide Holdings Ltd. The Committee’s findings highlight significant concerns and recommend urgent corrective actions. Key Findings: Uncompetitive Procurement…
SriLankan Airlines recently had the privilege of flying the United Arab Emirates (UAE) Women’s National Cricket Team from Dubai to Sri Lanka for Women’s Asia Cup 2024, scheduled to take place in Dambulla from 19 July to 28 July 2024. The 19-member team received a warm welcome from SriLankan Airlines, ensuring that their entire journey…
The recent actions taken by the Sri Lanka Customs Officers’ Union, including a two-day “sick leave” campaign and work-to-rule initiatives, have had profound implications across Sri Lanka’s business community, particularly affecting exporters and importers. These actions were initiated due to perceived grievances and unmet demands from the Customs Officers’ Union on various issues. Jayantha Karunaratne,…
As part of efforts to address the urgent need for reforms in Sri Lanka’s agriculture sector, the Ceylon Chamber hosted a consultation mission from the Asian Development Bank (ADB). The mission aims to prepare an investment project to bolster Sri Lanka’s agribusiness sector through targeted investments, technical support, and policy reforms. The Ceylon Chamber brought…
Capital Metals PLC (AIM: CMET), a mineral sands company nearing the development stage of its high-grade Eastern Minerals Project in Sri Lanka, has announced that it has received all necessary approvals to begin its new drilling program. This initiative aims to significantly expand the project’s resource base and refine the initial mining area. Key objectives…
By Felix A. Fernando – Chief Executive Officer and Managing Director of Omega Line Ltd and Deputy Chairman Joint Apparel Association Forum (JAAF) In the face of global economic challenges, the apparel industry has struggled to maintain its footing. Yet, within this turbulent landscape, Italy has proven to be a significant export destination in the…
In the rapidly evolving landscape of global economics, a new and potent force is reshaping the contours of national policies and international relations: AI nationalism. This phenomenon is characterised by nations prioritising the development, control, and application of artificial intelligence technologies to secure economic advantages and national security. As AI becomes increasingly integral to economic…
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