Reuters – Toyota Motor’s April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and a safety test scandal at its small car unit. Global sales fell 0.5% in April, as a 27% slump in…
Seylan Bank PLC, in collaboration with the Asian Development Bank (ADB) and the Government of Sri Lanka (GoSL), will disburse Working Capital and Long-Term Loans from the ADB, aimed at bolstering the Small and Medium Enterprise (SME) sector in the country. In an effort to stimulate economic growth and support local businesses, Seylan Bank will…
The Embassy of Sri Lanka in Riyadh organized Sri Lanka’s participation at the Riyadh Travel Fair 2024 in collaboration with the Sri Lanka Tourism Board. The fair was held at the Riyadh International Convention & Exhibition Center from May 27 to 29 2024. This year’s fair was held after a gap of five years. The…
Foreign Secretary Aruni Wijewardane met the Canadian Deputy Minister for International Development Christopher MacLennan at the Ministry of Foreign Affairs Tuesday (28 May). Foreign Secretary Wijewardane briefed Deputy Minister MacLennan on the significant progress made by Sri Lanka on economic stabilisation and the high priority placed by the Government on economic diplomacy as the country…
Thailand has introduced new visa promotions, granting visa-free entry to Sri Lankan travelers. As reported by the Bangkok Post, the Thai cabinet has expanded the list of countries eligible for visa-free stays from 57 to 93, including Sri Lanka. Sri Lankan tourists can now enjoy stays of up to 60 days without a visa. Additionally,…
‘Horizon: Sri Lanka’ will take place this June as dnata and Emirates Holidays report 200% increase in bookings to the country in 2024 dnata Travel Group, a leading Dubai-based travel services provider, part of the Emirates Group, is launching a travel industry event in Sri Lanka this June, Horizon: Sri Lanka, hosted by senior representatives…
Aitken Spence Plantation Management PLC has announced its intention to de-list its ordinary shares from the Official List of the Colombo Stock Exchange (CSE). This decision was made during a Board Meeting held on May 29, 2024, and is contingent upon receiving the necessary shareholder and regulatory approvals. The Company has arranged for its three…
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a…
Watawala Plantations PLC announced the appointment of Reyaz Mihular as the Chairman, succeeding Sunil G. Wijesinha, who is stepping down after completing a long tenure of 12 years with the company. Reyaz Mihular is an accomplished professional in the financial and corporate sectors, having held various significant senior management roles throughout his career. He served…
Responding to the increasing demand for digital payment solutions within the small and medium-sized enterprise (SME) sector, Sampath Bank is the first bank in Sri Lanka to launch a MiniPOS device, proudly announcing the innovative bespoke mini-POS solution. These innovative systems, meticulously crafted to address the unique needs of SMEs, empower businesses to streamline transactions…
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