By Felix A. Fernando – Chief Executive Officer and Managing Director of Omega Line Ltd and Deputy Chairman Joint Apparel Association Forum (JAAF) In the face of global economic challenges, the apparel industry has struggled to maintain its footing. Yet, within this turbulent landscape, Italy has proven to be a significant export destination in the…
In the rapidly evolving landscape of global economics, a new and potent force is reshaping the contours of national policies and international relations: AI nationalism. This phenomenon is characterised by nations prioritising the development, control, and application of artificial intelligence technologies to secure economic advantages and national security. As AI becomes increasingly integral to economic…
Foreign Minister Ali Sabry undertook an official visit to Singapore from 07 – 09 July 2024 at the invitation of Minister for Foreign Affairs of Singapore Dr. Vivian Balakrishnan. During the visit, Minister Sabry had a productive discussion with the Foreign Minister of Singapore on enhancing relations between both countries, recognizing shared opportunities and challenges….
President Ranil Wickremesinghe inaugurated the second phase of the flyover project today (11). This phase, constructed by the Ministry of Transport and Highways at a cost of LKR 5,278 million, spans between Kompannavidiya and Justice Akbar Mawatha over the railway line. The Road Development Authority, in collaboration with Maga Engineering, undertook this project to alleviate…
SGS is pleased to announce that it will offer the EN15343 plastic recycling traceability and assessment of conformity and recycled content product certification scheme across India, Bangladesh and Sri Lanka, following accreditation from ENAC, granted to SGS in Spain. This accreditation, for UNE-EN-15343 certification, is a crucial step towards sustainability and regulatory compliance in Spain. This certification, required under Spain Law 7/2022 on Excise Tax…
Star Garments Group (“Star”) announced its plan to build a large-scale apparel export manufacturing factory in Togo to boost the West African country’s textile and apparel capabilities, through a financing package that includes a USD 15 million loan by the International Finance Corporation (IFC), a member of the World Bank Group. The move marks Star’s…
John Keells Logistics (JKLL), a leading provider of 3PL services in Sri Lanka, launched a new fleet management operation in partnership with DHL Express Sri Lanka earlier this year. This strategic collaboration involves dedicated fleet deployment and driver management by JKLL on behalf of DHL Express Sri Lanka while complying with DHL’s global standards. The…
Port City Colombo announced that China Duty Free (CDF) and One World Duty Free (ODF) have been granted status as Businesses of Strategic Importance (BSI) by the Cabinet, according to an official Cabinet media statement released on 10th July 2024. This approval paves the way for the commencement of travel retail operations at the upcoming…
The head office will be opened by the President in Karandeniya, Galle. If the country is not moved forward through a correct economic system, the gains will be lost. Cinnamon cultivation will be improved in the country and the export economy will be strengthened – President. Mr. Ranil Wickramasinghe stated that if the country is…
The High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met Minister for Communications and Information of Singapore Josephine Teo on 01 July 2024 and exchanged views on shared common interests on the digital front, including AI. The High Commissioner briefed the Minister on the recent Fintech delegation visit to Sri Lanka to explore possible…
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