Macktiles Lanka (Private) Limited, Sri Lanka’s largest tile manufacturer and a pioneering force in Sri Lanka’s tile manufacturing industry, achieves a monumental milestone as Sri Lankan tiles make their debut in the Indonesian market. This historic accomplishment marks a significant shift in the global trade dynamics, with Sri Lanka transitioning from being a net importer…
Majority plan Africa expansion despite guarded outlook on emerging markets Global logistics executives, still worried about recession, say they are battling higher costs, reducing dependence on sourcing from China, and planning to boost investment in Africa despite seeing emerging markets investment overall as somewhat riskier. Half of the 830 industry professionals surveyed for the 2024 Agility Emerging Markets Logistics Index expect a…
When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world’s second-richest man before the damning January 24,…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Apparel Sourcing Association (SLASA), the Sri Lanka High Commission in the UK, and the Joint Apparel Association Forum (JAAF), is organizing the ‘Sourced Sri Lanka – Textile & Apparel Roadshow’ scheduled to take place June 2024 in London. This event, set to…
Investment of 13 million Euro further enhances local pre-production capabilities • The Continentals plant in Kalatura, Sri Lanka produced material-handling tires since 2009 • The Material Handling Business Field is set for further growth worldwide Continental is expanding the global manufacturing footprint of its Specialty Tires business area in Sri Lanka and Signed an agreement…
The Commercial Bank of Ceylon has launched a new initiative to support small and medium-sized enterprises (SMEs) via a partnership with the Industrial Development Board (IDB), the premier state organisation entrusted with the progress of the industrial sector in Sri Lanka. The partnership will provide stakeholders of the IDB access to ‘Commercial Bank LEAP GlobalLinker’…
Sri Lanka Tourism, the third highest Foreign exchange earner in the country is seeing success in Tourism arrivals as never before even compared with Pre Pandemic levels. 2018 was considered to be one of the best years for Sri Lanka Tourism in achieving Tourist arrivals but the current year with upwelling Tourist arrivals have made…
In a significant step towards fulfilling a key budget promise, a Sri Lankan delegation led by the State Minister of Technology, Kanaka Herath, visited the Indian Institute of Technology Madras (IIT Madras) on the 5th of February 2024, to discuss the establishment of a branch campus in Sri Lanka. The delegation was accompanied by Dr….
With the rapid evolution of communication channels and the increase of social media influence in the financial markets, the Securities and Exchange Commission of Sri Lanka (SEC) recognized the need for proactive measures to identify and address potential social media wrongdoings that may impact investors and market stability. Considering these developments, the SEC has taken…
Reuters Breakingviews – The process of working out sovereign debts is not working. Countries such as Zambia are twisting in the wind because of long delays in restructuring their borrowings. It is harder to get all creditors to agree now that China is a big lender. A more integrated approach that better manages laggard lenders…
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