The “Sri Lanka Conversational Commerce Market Intelligence and Future Growth Dynamics Databook – 75+ KPIs on Conversational Commerce Trends by End-Use Sectors, Operational KPIs, Product Offering, and Spend By Application – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering. The dynamic sphere of conversational commerce in Sri Lanka is undergoing rapid growth, with a robust surge in market size…
President Directs Acceleration of Galle City Development Plan Under Unified Organizational Structure. President Attends Galle Literary Festival. President Ranil Wickremesinghe has decided to establish a special commission to expedite the development of Galle. During an inspectional tour yesterday (27), the President visited Galle City and the Galle Fort area, inspecting ongoing development activities. He expressed…
The world’s largest cruise ship has set sail from Miami, Florida, on its maiden voyage, but there are concerns about the vessel’s methane emissions. BBC – The 365m-long (1,197 ft) Icon of the Seas has 20 decks and can house a maximum of 7,600 passengers. It is owned by Royal Caribbean Group. The vessel is…
The new service will start on February 5 Danish shipping company Maersk has increased its focus on the Indian sub-continent and the Middle East to address the challenge in the Red Sea and Suez Canal. It will launch a weekly Chennai service and a new Arabian Sea service. It will introduce a new container service…
Expolanka Holdings PLC announced its financial results for the third quarter ending 31 December 2023, delivering a resilient performance, and leveraging its strengths despite global economic headwinds and uncertainty. The Group reported a Revenue of Rs. 66.8 billion for the quarter and Rs. 183.9 billion for the nine months ending 31 December 2023. Gross Profit…
Political parties must formulate comprehensive plans for nation-building when gearing up for elections. President extends appreciation to the Customs Department for the customs revenue collected in 2023. To enhance the anticipated government revenue, the customs service needs to operate more efficiently. Modernization measures for state revenue-generating institutions, including customs, in the near future. President Ranil…
The Commercial Bank of Ceylon has announced an enhancement of the complimentary airport lounge access available to holders of premium segment credit cards issued by the Bank. The Bank-driven initiative will result in holders of Commercial Bank Visa Infinite credit cards enjoying up to four complimentary visits per year to airport lounges around the world,…
BBC – Saudi Arabia has said it will open a shop in Riyadh selling alcohol to a select band of non-Muslim expats, the first to open in more than 70 years. The clientele will be limited to diplomatic staff, who have for years imported booze in sealed official packages known as diplomatic pouches. Saudi officials…
By Rohan Parikh In the intricate case of Sri Lanka’s economic rejuvenation, the recent surge in the Value Added Tax (VAT) to 18 percent, coupled with the removal of certain industries from the exemptions list, has emerged as a focal point for concern among foreign investors assessing the country’s economic climate. This shift, occurring within…
Landmark acquisition signifies the first time a Sri Lankan apparel manufacturer has acquired a brand management company in one of its key markets. In a landmark move for the Sri Lankan apparel industry, Hela Apparel Holdings PLC has announced the acquisition of a major UK-based apparel brand licensing house. The company, which currently trades under…
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