India & SL share deep Buddhist roots. Emperor Ashoka with an eye for the future secured stability in the region by internationalizing the Buddhist civilization. Those who analyze India, China & SL conflicts will have to consider scientific developments & climate change challenges in addition to social & cultural issues in future. Below are two…
Sri Lanka’s Export Development Board (EDB) completed a comprehensive 6-week export coaching programme aimed at assisting small and medium-sized enterprises (SMEs) with an export potential, registered under EDB New Exporter Development Programme (NEDP) to develop their Export Marketing Plans as the 1st step in their journey towards becoming export-ready. New Exporter Development Programme implemented by…
Delivering a significant address at the 19th Annual General Meeting of the Inland Revenue Commissioner’s Association, convened at the Kingsbury Hotel Wednesday (20), President Ranil Wickremesinghe revealed an extensive strategy for fostering economic growth in Sri Lanka. Underscoring the importance of a transformative approach, President Wickremesinghe outlined essential areas of concentration to drive the nation…
Gary Mehigan, the distinguished British-Australian celebrity chef and former original judge of MasterChef Australia, embarked on a profound weeklong exploration through the enchanting landscapes of Sri Lanka. This immersive journey followed a remarkable 3-day culinary experience hosted in collaboration with Cinnamon Hotels & Resorts. Immersing himself in the essence of Sri Lankan cuisine, culture, and…
Reuters – Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948. The “higher than anticipated” rise follows the inflow of $787 million in funds this month from…
A news report from China’s Diplomacy in the New Era (chinadiplomacy.org.cn): The 2023 forum on “Benefiting All Mankind: Dialogue with the Silk Road” was convened in Beijing on Dec. 6, 2023 with a combination of online and offline participation. Themed “Carrying on the Silk Road Culture to Jointly Promote the Well-Being of the People”, the forum brought together representatives from governments,…
Reuters – Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered in a buyout and an uncertain future. The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners(JIP) that also…
The World Bank released the second tranche of the US$500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by government with the reform program. The RESET DPO, which provides budget support to the government was approved on June 28, 2023. This is the first in…
The tea industry which is exempted from VAT until now is subject to an 18 percent VAT from 1st January 2024. While it is understood that in order to resurrect the country’s financial stability, we have to widen the tax net and the VAT, the high VAT on a commodity of which over 90% is produced…
Under the auspices of President Ranil Wickremesinghe, a sophisticated disaster early warning system was officially introduced today (19), marking a collaborative effort involving the Disaster Management Centre, Sri Lanka Telecommunication Regulatory Commission and major telephone service providers including SLT Mobitel, Hutch, Dialog and Airtel. The Memorandum of Understanding (MoU) formalizing this strategic initiative was also…
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