The United Kingdom (UK)-Sri Lanka Trade Mission, part of the UK Government-funded SheTrades Commonwealth+ Programme, is connecting 13 UK companies with 45 Sri Lankan women entrepreneurs on 2 – 6 December 2024. Co-organised by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), the trade mission aims to strengthen bilateral economic…
Orion City, the nation’s premier IT and business park, has expanded its sustainable infrastructure with a fully operational 700 kW solar energy project at its Colombo 09 complex. This landmark initiative underscores Orion City’s commitment to Environmental, Social, and Governance (ESG) principles, driving a forward-thinking approach to eco-friendly infrastructure and establishing its position as a…
Sri Lanka’s tourism sector is taking a bold step into the limelight as a leading destination for Indian film productions, with the Sri Lanka Tourism Promotion Bureau (SLTPB) taking centre stage at the 10th edition of the India International Film Tourism Conclave (IIFTC) in Mumbai, held from October 23rd to 25th, 2024. The event, renowned…
The Hambantota International Port Group (HIPG) announced a significant investment of US dollars 41 million in state-of-the-art crane technology, set to be fully operational by January 2025. This enhancement includes the installation of four Quay Cranes (QC) and thirteen rubber-tyred gantry Cranes (RTGs) at the Hambantota International Port (HIP), expanding the port’s capabilities to a…
Reuters – Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents…
The Sri Lanka-Korea Business Council of the Ceylon Chamber of Commerce (SLKBC) recently held its 29th Annual General Meeting at the Ceylon Chamber of Commerce, with Her Excellency Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, gracing the occasion as the Chief Guest. In her address, the Ambassador commended SLKBC’s efforts in…
The Embassy of Sri Lanka in Riyadh in collaboration with the Ministry of Buddhasasana, Religious and Cultural Affairs of Sri Lanka facilitated the first ever participation of four Sri Lankan companies of handicrafts in the Saudi International Handicrafts Week Exhibition “Banan 2024. The event was held in Riyadh from 23to 29 November 2024. Ambassador of…
The Sri Lanka rupee maintained its appreciating trend, recording a monthly gain for November 2024, consistent with the overall appreciation observed throughout the year. As of 29 November 2024, the rupee appreciated by 11.3% against the US dollar, while also strengthening against major currencies, including the euro, pound sterling, Chinese yuan, Japanese yen, Indian rupee,…
Launches pilot ‘Agri Modernisation Village’ programme in Mahilankadu, Kilinochchi The Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country. This initiative aims at empowering farmer communities and improving the quality and volume of crop yields by fostering sustainable…
The Advisory arm of TWC Holdings (formerly TWCorp), a company founded in 2012 by Thilan Wijesinghe, has emerged as a transformative partner in adapting tourism development to meet the impacts of climate change in the Maldives. Recently, the Maldives Fund Management Corporation (MFMC) was advised by Thilan, who is a specialist in Public Private Partnerships,…
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