Greenpeace South Asia and Sri Lankan marine conservation organisation Oceanswell have just returned to Colombo following the successful completion of cetacean visual and acoustic surveys in the high seas of the Indian Ocean aboard the Greenpeace flagship Rainbow Warrior. The scientific survey was conducted under the leadership of Dr. Asha de Vos, renowned cetacean researcher…
Ceylon Curry Club, part of the Citrus Group, had the honor of being selected as a caterer for arguably the most lavish pre-wedding event of our times, hosted by the Ambani family in Jamnagar, Gujarat, India. A 13-member team from Citrus was originally slated to cater during one lunch service, serving a selection of favourites…
In a recent announcement, State Minister for Urban Development and Housing, Mr. Arundika Fernando, revealed that the government has commenced crucial development projects. He also highlighted the growing interest from India, China, and several Western nations in investing in the country. State Minister of Urban Development and Housing, Mr. Arundika Fernando made these statements at…
Consolidating its legacy as a cornerstone of the nation’s banking system, Sri Lanka’s premier private sector bank HNB PLC, celebrated its 135th year of supporting customers and businesses to achieve their financial goals with the release of a commemorative stamp. Commenting on the historic occasion HNB’s Managing Director / Chief Executive Officer Jonathan Alles said,…
Reuters – Sri Lanka is committed to repaying its debt within the 2027-2042 schedule, President Ranil Wickremesinghe said on Wednesday, adding that successful debt restructuring negotiations will bring annual external debt payments down to 4% of GDP. The island nation defaulted on its foreign debt in May 2022 after its economy ran into an unprecedented…
The price of the world’s largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000. BBC – It surpassed the previous record set in November 2021 – though by 2022 Bitcoin’s value had sunk to $16,500. The new surge in price has been spurred by US finance giants pouring billions into buying…
The country can achieve significantly higher economic growth supported by international trade. Sri Lanka to deepen trade ties with South Asian countries (Bangladesh, Pakistan, China, India) and increase access in East Asia (Thailand, Malaysia, Singapore). Expand into fast-growing regional markets like ASEAN and RCEP members. Attract Foreign Direct Investment (FDI) into Sri Lanka and generate…
Spread across 175,000 square feet, the company has invested USD 5Million in establishing the state of the art Grade ‘A’ warehousing facility EFL 3PL, a subsidiary of EFL Global announced the launch of its flagship Grade A warehousing facility in the vibrant Bhiwandi region of Mumbai. This strategic expansion, with an investment of USD 5Mn,…
Reuters – Chinese Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% on Tuesday, promising steps to transform the country’s development model and defuse risks fuelled by bankrupt property developers and indebted cities. Delivering his maiden work report at the annual meeting of the National People’s Congress, China’s rubber-stamp parliament, Li…
Export Performance in January 2024 The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023. Compared to January 2023, agricultural exports shown a modest increase of 3.58%, reaching US$ 225.43 million in January 2024. However, industrial exports experienced a decline of 2.08% during the…
Video Story
