National Organic Control Unit (NOCU) – the competent authority for Organic Agriculture in Sri Lanka, established under the Sri Lanka Export Development Board (EDB) – launched its initiative to promote Organic Agriculture islandwide recently. As part of this effort, the first awareness program- was successfully conducted in Kegalle District on the 25th of July at…
Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, recorded a Profit Before Tax (PBT) of Rs.1.75 billion for Q1 of the 2024/25 financial year, recording a profit growth of 281% over the corresponding period from the last financial year which was Rs.459 million. This stellar performance of Richard Pieris Group for…
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection Colombo. State Minister of Finance Ranjith Siyambalapitiya was in attendance as the Chief Guest. The Ceylon Chamber of Commerce, expertly facilitated and coordinated the entire training programme which was…
Reflecting on 45 years of Sri Lanka Ports Authority’s transformative impact on Sri Lanka’s ports while envisioning continued growth and excellence in the maritime sector Governor Joseph West Ridgeway, in Review of Administrative Affairs of Ceylon (1896-1903), lauded Colombo Harbour as one of the colony’s greatest assets, emphasising its status as one of the finest artificial harbours…
The Sri Lanka rupee remained broadly stable during July 2024 despite some intermittent volatility. The Sri Lanka rupee appreciated by 7.1 per cent against the US dollar during the year up to 31 July 2024. Meanwhile, reflecting cross-currency movements, the Sri Lanka rupee appreciated against other major currencies, such as the euro, the pound sterling,…
Scybers Inc., the fast-growing global cybersecurity firm, announced that the Digital Innovation Fund, managed by BOV Capital and powered by Dialog Axiata PLC, has made a strategic investment in the company. Cybersecurity has become a critical concern for global enterprises amidst the post-pandemic digital acceleration, a surge in ransomware attacks, increasing regulatory demands, and a…
The Sri Lanka Export Development Board (EDB) is pleased to announce that applications are now open for the Presidential Export Awards (PEA) 2023/24. The PEA ceremony is scheduled to be held in November 2024 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of the President of the Democratic Socialist Republic of Sri…
Saudi Arabia was ranked as the 3rd potential market for Sri Lankan tourism in June 2024 and the 23rd source market for tourists visiting Sri Lanka during the same period, according to the Sri Lanka Tourism Development Authority (SLTDA). The Embassy of Sri Lanka in Riyadh, in collaboration with the Sri Lanka Tourism Promotion Bureau (STPB),…
The 1st of August, 2024, marks the 45th anniversary of the Sri Lanka Export Development Board (EDB). The EDB was established in 1979 with the objective of establishing a strong government-level institutional framework to develop and promote Sri Lanka’s exports in order to integrate with the global economy consequent to the adoption of liberal economic policies in…
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability of the Central Bank under…
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