Top fabric manufacturer Teejay Lanka PLC and leading business conglomerate Hemas Holdings have joined forces to launch a groundbreaking initiative to promote menstrual hygiene awareness and provide essential resources to underserved communities in rural Sri Lanka. A Memorandum of Understanding (MoU) signed by the two corporate giants outlines a collaboration that will see Hemas Holdings…
President Ranil Wickremesinghe took centre stage in a recent roundtable discussion organized by the Consortium of Indian Industry (CII) and World Economic Forum yesterday (16), unveiling a comprehensive economic vision for Sri Lanka. The President emphasized the successful resolution of supply bottlenecks, the removal of import restrictions and the restoration of foreign exchange liquidity as…
In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalizing Sri Lanka’s economy. Emphasizing tourism promotion, agricultural modernization and a focus on renewable energy, the President expressed the country’s eagerness to attract new…
For years, worries about electric vehicles (EV) have remained, much like the persistent presence of vehicle exhaust fumes. Concerns about fiery meltdowns and roadside range woes cast a shadow on the electric revolution. But nestled in the heart of innovation, global giant BYD has forged a technological masterpiece to rewrite the rules of EV safety,…
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva commended the economic reform endeavors pursued by Sri Lanka during a meeting with President Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland. She emphasized the importance of the IMF Board approving the first review of Sri Lanka’s Extended Fund Facility (EFF) program in…
The Government of Sri Lanka (GoSL) intends to divest all or majority of its equity shareholding in Litro Gas Lanka Limited (LGL) & Litro Gas Terminal Lanka (Pvt) Ltd (LGTL). LGL engages in importing, filling, distribution and sale of LPG in Sri Lanka. It is the largest LPG supplier in Sri Lanka with a market share of 85% and operates an…
In an effort to better position and promote high quality exports of Ceylon Cinnamon, the International Finance Corporation (IFC) together with the Ministry of Plantation Industries and Sri Lanka Export Development Board (EDB) recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country. The initiative to enhance competitiveness of Ceylon…
New joiners will boost existing cabin crew numbers by 25% Airline invites graduates and young professionals worldwide to apply Emirates is celebrating the new year and the imminent arrival of its spanking new fleet of Airbus A350s with a global cabin crew recruitment drive with a difference. The 5,000 new joiners will ensure the airline’s…
Reuters – Sri Lanka’s Colombo port has seen a big jump in container volumes in recent weeks as vessels steering clear of tensions in the southern Red Sea have found it a convenient transit point, officials said on Tuesday. Yemen’s Iran-backed Houthi rebels have since November attacked ships in the Red Sea, part of a…
In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) with international fair trade networks in Colombo recently. The signing ceremony, attended by representatives from major fair trade and supporting organizations, took place at the Colombo Ramada Hotel. The primary objective of the…
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