The Safe Processing in Cooperative Enterprises (SPICE) cooperative development project follows three farmer cooperatives in Sri Lanka, India and Guatemala Frontier Co-op, a leading supplier of sustainably sourced and organic spices, herbs and botanicals, has completed its multi-year Safe Processing in Cooperative Enterprises (SPICE) cooperative development project supported by the United States Agency for International Development (USAID) Cooperative Development Program (CDP)…
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025…
Xinhua — Moody’s Ratings has downgraded the government of Maldives’ long-term local and foreign currency issuer ratings from Caa1 to Caa2 and placed the ratings under review for a possible further downgrade, the rating agency said in a statement on Wednesday. In the statement, the rating agency added that they have also downgraded the long-term…
Sri Lanka Tourism Promotion Bureau (SLTPB) , in collaboration with the Embassy of Sri Lanka in the Netherlands, participated at the “Embassy Festival 2024” on 7th September 2024 in Hague, the Netherlands. The Embassy organized two stalls showcasing Sri Lanka tourism, culture, cuisine, tea and handicrafts to the Dutch and other international visitors. This was an…
The Central Bank of Sri Lanka announces that the Monetary Policy Review No. 05 of 2024, originally scheduled for release on the 20th of September, 2024, has been rescheduled. The updated release date will be Friday, 27th September 2024, at 7:30 a.m.
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support Sri Lanka’s water supply and sanitation sector reforms to enhance the country’s resilience to climate change impacts and promote long-term sustainability. The Water Supply and Sanitation Reform Program, composed of two subprograms of $100 million each, will contribute to a more…
Expolanka Holdings PLC, a leading conglomerate, has officially changed its status and delisted from the Colombo Stock Exchange (CSE). The company’s ordinary voting shares were removed from the Official List of the CSE effective from today (12), following the necessary regulatory procedures. As per the announcement by the CSE, the delisting of Expolanka’s shares complies…
The National Single Window (NSW) transforms trade by allowing all documents to be submitted only once on a digital platform, slashing redundancy and boosting efficiency. For Sri Lanka, the NSW means lower trade costs, faster processing, better government revenue collection, and stronger alignment to global standards, unlocking new growth opportunities. Success stories from Singapore, South…
As the Sri Lanka Presidential Election approaches on 21st September 2024, TikTok is intensifying its efforts to combat misinformation and uphold election integrity on its platform. The platform’s latest initiatives demonstrate its unwavering commitment to maintaining a safe, authentic, and reliable information environment during this important period. Building on its robust global framework to combat…
Commercial Bank of Ceylon PLC has become the first Sri Lankan bank to receive a licence from the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a Corporate Finance Advisor [CFA]. The receipt of the CFA licence enables Commercial Bank to provide the advisory services listed under Section 188 of the SEC…
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