The Sri Lankan Cabinet of Ministers’ recent decision to grant permits for importing passenger transport vehicles under the Sri Lanka Tourism Development Authority (SLTDA) marks a significant step forward for the tourism sector. In light of this, Associated Motorways (Private) Limited, is offering the 2024 NISSAN Urvan NV350 16-seater wide body high roof micro bus,…
During his official visit to Indonesia, President Ranil Wickremesinghe met with Luhut Binsar Pandjaitan Coordinating Minister of Maritime and Investment Affairs of the Republic of Indonesia. The meeting took place Sunday (19) at the, United In Diversity Bali Campus on Kura Kura Bali Island. The discussion covered key topics such as the Global Blended Finance…
The Agricultural Modernization Program will be implemented in 100 Divisional Secretariat Divisions this year. The government is prepared to provide financial support and training – Says the President during an observation tour of Sri Lanka’s first AI technology greenhouse. President Ranil Wickremesinghe emphasized that the government plans to transform Sri Lankan agriculture using modern technology,…
The Embassy of Sri Lanka in Brussels organised an event showcasing Sri Lanka’s recent economic recovery and the emerging economic opportunities, to over 55 participants representing the European Commission, Belgium Government and a cross section of the private sector in Belgium, at the ‘Sri Lanka Residence’ on 15 May 2024. The networking session of the event …
Sri Lanka made a significant presence at the Arabian Travel Market (ATM) 2024 in Dubai highlighting the island nation’s diverse attractions and offerings. The Sri Lanka pavilion at ATM 2024 was organized by the Consulate General of Sri Lanka in Dubai in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB). Arabian Travel Market was…
In a shock-prone world, economies must be more resilient—individually and collectively, advised the IMF in a press briefing held Thursday, May 16, 2024, in Washington, DC. According to IMF research, cooperation is critical, but greater protectionism could lead to fragmentation and even split nations into rival blocs just as fresh shocks expose the global economy’s…
The recent event organized by the Ceylon Motor Traders Association (CMTA), themed “Mobility and Economic Growth,” brought together key stakeholders and thought leaders to delve into crucial discussions shaping Sri Lanka’s economic landscape. The event, highlighted by a keynote speech from Mr. Katsuki Kotaro, Minister and Deputy Head of Mission at the Embassy of Japan,…
SLT-MOBITEL has reported a flat growth in Q1 2024 ending March 31, 2024, amidst a challenging business environment. However, the company’s proactive cost management initiatives have resulted in significant operational cost savings, enabling it to maintain profitability. For the quarter, the SLT Group has recorded consolidated revenue of LKR 26.93 billion, reflecting a marginal 1.4%…
Strong net profit growth in the final quarter of 2023-24 has enabled Teejay Lanka PLC to end the financial year on an optimistic note despite the impacts of the appreciation of the Rupee, which contributed to its 12-month results falling below those of the preceding year. Sri Lanka’s first multinational textile manufacturer has reported net…
Fonterra Co-operative Group Ltd has today announced a step-change in its strategic direction, as it commits to deepening its position as a world-leading provider of high-value, innovative dairy ingredients. As part of this, the Co-op has announced it is exploring full or partial divestment options for some or all of its global Consumer business, as…
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