Ministry of Agriculture and Plantation Industries and Unilever Sri Lanka recently entered into a Memorandum of Understanding (MoU) to develop the country’s first national and globally accepted standard for sustainable tea production. This first-of-its-kind initiative signifies a shared commitment to propel the Sri Lankan tea industry towards a more sustainable and ethical future. The MoU…
Having recognized the need for strengthening the protection of finance leasing customers and updating the FLA to be in line with the industry developments, the Central Bank of Sri Lanka (CBSL) has initiated amending the FLA. To have wider stakeholder consultation, the CBSL is inviting the general public to submit observations/ suggestions/ comments on the…
Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., proudly announces the latest addition to its portfolio of industry-leading and innovative automation solutions together with, UTECH solutions. Through the partnership, Dialog Enterprise aims to leverage its considerable experience in working with diverse industries and multiple use cases to develop innovative and affordable technology solutions helping businesses find efficiencies and…
Sri Lanka Cricket (SLC) wishes to announce the appointment of Amul, a leading Indian milk producer with international presence, as the ‘Official Sponsor’ of the Sri Lanka Men’s Team for the duration of the ICC Men’s T20 World Cup 2024. “Amul’s partnership with Sri Lanka Cricket is an excellent move, as associating with an international…
Sri Lanka’s official reserve assets increased by 9.6% to USD 5.43 billion in April 2024, compared to USD 4.96 billion in March 2024, according to the Central Bank of Sri Lanka (CBSL). However, this includes proceeds from the swap with People’s Bank of China (PBoC) equivalent to around USD 1.4 billion, which is subject to…
Quarterly revenue of KRW 71.92 trillion, operating profit at KRW 6.61 trillion Global IT demand and business environment expected to improve in H2 based on demand for AI applications Samsung Electronics reported financial results for the first quarter ended March 31, 2024. The Company posted KRW 71.92 trillion in consolidated revenue on the back of…
Reuters – Sri Lanka has entered into a 20-year power purchase agreement with India’s Adani Green Energy Ltd (ADNA.NS, opens new tab for two wind power stations developed by the company, a cabinet statement said on Tuesday. Adani Green Energy, the renewable energy unit of the Adani Group, led by billionaire Gautam Adani, won the approval in February…
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing…
It was decided at the Cabinet meeting held yesterday (06) to maintain the existing US $50 fee for a 30-day visa for foreigners visiting Sri Lanka. Furthermore, it was confirmed that the free visa service currently offered to citizens of seven countries, India, China, Russia, Japan, Malaysia, Thailand and Indonesia will continue while the Government…
Inaugural Sustainable Green Industry Conference and Awards Ceremony will be presided over by the President. Minister of Industries and Health, Dr. Ramesh Pathirana, announced that the forthcoming “Industry EXPO 2024” will grace the Bandaranaike Memorial International Conference Hall (BMICH) from June 19th to 23rd, under the patronage of President Ranil Wickremesinghe. Additionally, the minister highlighted…
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