The Australian travel industry in Brisbane, Sydney and Melbourne had a chance to experience Sri Lanka as an exciting travel destination and network with dynamic Sri Lankan travel agents, when Sri Lanka Tourism Promotion Bureau organized three roadshows in Australia as part of its worldwide promotion tour. The three events, organized in coordination with the…
The Ceylon Chamber of Commerce hosted the International Symposium on the Role of Science in Food Reformulations recently. The symposium brought together key stakeholders from government, academia, and the private sector to discuss and deliberate on science-based approaches in policy decision-making for a robust food safety system in Sri Lanka. A strong food safety ecosystem,…
A.P. Moller – Maersk (Maersk) today inaugurated its brand new warehouse in Sri Lanka at Wattala, spread over 100,000 sq. ft. Present at the inauguration were Vikash Agarwal, Managing Director, Maersk South Asia, Biju Ravi, Head of Maersk Sri Lanka and Dr Parakrama Dissanayake – Deputy Chairman & Managing Director, Aitken Spence PLC and other…
Proposed Laws Set to Introduce Structural Changes, Scheduled for Presentation to Parliament in May – President. President Ranil Wickremesinghe stated that the nation is undergoing a transformation in its economy by embracing the changes advocated by the youth. This shift is aimed at driving the country towards rapid development under their leadership. The fundamental legislation…
Embarking on a bold journey toward sustainable energy solutions, People’s Leasing & Finance PLC (PLC) and Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited have officially forged a groundbreaking alliance, through a Memorandum of Understanding (MoU), to offer an easy and affordable financing scheme for households and Micro, Small & Medium Enterprises (MSMEs)…
Sri Lanka’s largest private sector retail bank, HNB PLC announced the appointment of Damith Pallewatte as Acting CEO, effective from 6th April 2024, subject to approval of his fit & propriety from Central Bank of Sri Lanka. The strategic appointment comes as part of a planned leadership transition first announced in May 2023. A qualified…
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019. The cost of ingredients in 2024 is 2% less than it was in 2023. In 2023 the costs had increased…
Business confidence gathers steam following a prolonged period of stagnation Sri Lanka initiated the second review under the IMF’s Extended Fund Facility (EFF) framework, signifying a crucial step forward in ongoing efforts to foster economic growth – and the authorities remain optimistic about concluding the review successfully and securing a staff-level agreement, which would facilitate…
To bolster growth and combat climate change, the International Finance Corporation (IFC) and Citizens Development Business Finance PLC (CDB)—a leading non-banking financial institution in Sri Lanka—are partnering to enhance CDB’s green portfolio, fostering sustainable and inclusive growth. IFC will support CDB to expand its climate finance product offerings and devise a carbon credit aggregation business…
President Ranil Wickremesinghe inaugurated the flyover spanning the railway line linking Kompagngna Veediya with Justice Akbar Mawatha and Uttarankanda Mawatha, today (08). The rest of the construction work of this project is planned to be completed by the month of September, and the estimated amount for the entire project is Rs. 5,278,081,272.43. It has been…
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