The Planters’ Association of Ceylon (PA) issued a statement strongly condemning the recent illegal and unacceptable behavior exhibited by Minister Jeevan Thondaman at Pedro Estate, Nuwara Eliya. His blatant and reckless disregard for the law, along with the use of intimidation tactics, has caused widespread concern and alarm within the plantation community. Such actions not…
Sri Lanka Tourism participated at the Guangzhou International Travel Fair (GITF – 2024), which is an annual event held in Guangzhou, China, as an important platform for all the Travel Industry participants across the world to meet, network, negotiate and conduct businesses in the Tourism sector in Southern China. This is also a unique opportunity…
The Indo Lanka Chamber of Commerce & Industry (ILCCI) hosted a captivating evening interactive session with H.E. Santosh Jha, High Commissioner of India to Sri Lanka, at Taj Samudra Colombo. The event brought together business leaders and industry experts for a night of engaging discussions and networking. The evening commenced with a warm welcome address…
Unilever Sri Lanka recently inaugurated a new 2.33 MW solar power project at its Horana factory, partnering with Abans Electricals PLC for project execution. This significant step forward in Unilever’s commitment to sustainability and renewable energy represents a total investment of 1.3 million Euros. The project aligns with Unilever’s Global Climate Transition Action Plan (CTAP)…
In a recent report, the Central Bank of Sri Lanka announced that the country received USD 544.4 million in remittances from Sri Lankans working abroad in May 2024. This significant influx contributes to a total of $2,624.4 million received from January to May 2024. The latest figures indicate an 11.85% increase compared to the same…
A vehicle parade of locally manufactured and assembled vehicles organized by the Industrial Development Board (IDB) along with the Ministry of Industries (MOI), Sri Lanka Automobile Component Manufacturers Association (SLACMA) and Automobile Assemblers Association will be held for the third time, through Galle Face, Lotus Roundabout , Fort, Technical Junction, Punchikawatta, Maradana, Borella, Borella cemetery…
On June 12, the IMF board will sign off on Sri Lanka’s third disbursement under the current programme. But Sri Lanka is still failing on the governance improvements that are foundational for its economic recovery. According to the latest update of the ‘IMF Tracker’ by Verité Research, Sri Lanka verifiably failed to meet 25% of…
By Prof. Samitha Hettige President JRJ as Minister of State consulted Indian Economist B.R. Shenoy to know the best economic policy for SL in 1966. His advice to reverse the nationalizing trend started in 1956 wasn’t taken seriously but China observed all trends & liberalized its economy in 1979. Today China is world’s 2nd largest…
Reuters – A workers’ union at Samsung Electronics staged its first walkout on Friday, signalling more assertiveness among employees just as South Korea’s most powerful conglomerate races to catch up in chips used in artificial intelligence. The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over a fifth of the firm’s workforce, said…
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. The Ceylon Chamber of Commerce, which has been advocating for this change for the past few years, warmly welcomes the decision, hailing it as a courageous and transformative step forward for the…
Video Story
