Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today that Deputy Managing Director Antoinette Sayeh intends to conclude her service on September 12, 2024. “Antoinette has been a pillar of the Fund’s leadership team for many years. Her incredible experience, deep integrity, and wise judgment have been invaluable to us, and her…
Scope Cinemas is set to revolutionise cinema experiences in Sri Lanka with the opening of its new IMAX®️ Theatre at Havelock City Mall on the 26th of July 2024. This eagerly anticipated launch promises to bring an unparalleled level of audio-visual immersion for Sri Lankan moviegoers, marking a milestone moment for entertainment in the country….
The High Commission of Sri Lanka in London in collaboration with the Colombo Port City Economic Commission (CPEC) and the CHEC Port City Colombo (Pvt) Ltd ceremoniously unveiled a detailed replica of the Colombo Port City on 12 July 2024, showcasing the ambitious and transformative project that is set to redefine Sri Lanka’s economic landscape….
The Embassy of Sri Lanka in Viet Nam initiated a Memorandum of Understanding (MOU) between the Viet Nam Trade Promotion Agency (Vietrade) and the Sri Lanka Export Development Board (EDB) to establish cooperation between trade promotion agencies of the two countries. The initial meeting between the two organizations in this regard was convened virtually. Ambassador…
Hirdaramani Group, a leader in apparel manufacturing and sustainability, announces its latest milestone in advancing sustainable apparel production with a significant LKR 10 billion investment in a cutting-edge new textile mill, ‘Mihila Tex’ in Pannala, Sri Lanka. This state-of-the-art facility will play a pivotal role in reshaping the future of the apparel industry and bolstering…
Bar Leone in Hong Kong Named the Best Bar in Asia, Sponsored By Perrier, As the Asia’s 50 Best Bars 2024 List Is Revealed The prestigious list and several special awards were announced at a live ceremony in Hong Kong, featuring bars from 18 destinations across the region Bar Leone ranks No.1 and is named The Best Bar…
EDB in collaboration with Sri Lanka Embassy in Jakarta organized a briefing session to discuss on “Indonesian Investment opportunities for Foreign Investors” with Directorate of Investment Promotion of Indonesia and the Ministry of Investments of Indonesia on 12th July 2024. The main focus of this session was on the construction and power and energy sectors,…
The Joint Apparel Association Forum (JAAF) welcomed the recent decision by the Public Utilities Commission of Sri Lanka (PUCSL) to implement a 25.3% reduction in industrial electricity tariffs, parallel to a 27% reduction for domestic customers and a 22.5% overall reduction effective from July 16, 2024. In addition to easing the burden on retail customers,…
Harnessing Foreign Investment Amid Climate and Political Challenges – By Jithendra Antonio Sri Lanka, an island nation rich in history and culture, is grappling with severe economic vulnerabilities. With limited land and finite natural resources, the country faces significant challenges in commercializing these assets. Climate change further exacerbates these issues, casting a shadow over key…
During the 2024 Huawei User Group Meeting (HUGM), Sun Rui, President of Huawei Wireless Solution R&D, launched the Apollo version — the world’s first commercial 5.5G version based on 3GPP Release 18. As the first global standard for 5.5G networks, Release 18 is widely expected to be the critical catalyst that will enable new value…
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