Considering Sri Lanka’s reputation for its manufacturing excellence with extensive operations in South Asia, the Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Missions in the USA organized the Sri Lanka Country pavilion at “Sourcing at Magic Exhibition” in Las Vegas, USA, which was held recently with the participation of eleven (11)…
The Sri Lanka- Pakistan Business Council (SLPBC) of The Ceylon Chamber of Commerce in collaboration with the Pakistan High Commission in Sri Lanka led a 10-member business delegation to the third Expo Engineering and Healthcare Show in Lahore recently. Spearheaded by the President of the SLPBC Mr. Indra Kaushal Rajapaksha, the delegation joined over 600…
The acquisition makes Bustanica a 100% UAE-owned agriculture venture Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm. This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food…
Aitken Spence Logistics unveils its latest state-of-the-art Container Freight Station (CFS) to facilitate the growing requirements of the supply chain community in the region. This 100,000 sq. ft. facility, strategically positioned within the main logistics complex in Mabole, Wattala, reflects the company’s commitment to serve the Export-Import community of the region, providing operational excellence, supply…
Xinhua – Fifty cruise ships will be calling at Sri Lankan ports from February to April, state media reported on Sunday quoting B.H.R. Sariffo Deen, director general of Sri Lanka Tourism Development Authority. Sariffo Deen said most of the cruise ships will call at Colombo harbor, and some will also anchor in Hambantota and Trincomalee…
Profit before Tax for the year Rs. 2,328 Mn, up by 258% Net Interest Income for the year Rs. 10,302 Mn, up by 9% Net Trading Gains for the year Rs. 1,027 Mn, up by 823% Total Assets Rs. 233 Bn, grew by 12% Operating Profit for the year Rs. 3,326 Mn, up by…
Dr. Qu Dongyu, Director General of the UN Food and Agriculture Organization (FAO), paid a courtesy visit to President Ranil Wickremesinghe at the Presidential Secretariat this afternoon (19), commending the President’s leadership amid Sri Lanka’s economic challenges. During the meeting, Dr. Dongyu conveyed congratulations to President Wickremesinghe for his efforts in navigating Sri Lanka through…
New report highlights gaps in guidelines as well as a lack of compliance Sri Lanka has the worst record among South Asian countries in blacklisting corrupt contractors in public procurement, according to a new report by Verité Research. The report shows that Sri Lanka is the only country in South Asia that 1) does not…
Group assets cross Rs 2 Trillion Deposits cross Rs 1.5 Trillion Advances of over Rs 1 Trillion Provides over Rs 40 Bn for impairment Rs 22.5 Bn in taxes Hatton National Bank PLC (HNB) showcased strong and sustainable performance in 2023, in all aspects namely liquidity, asset quality, capital, efficiency and profitability amidst global and…
Sri Lanka’s first downtown Duty Free store is slated to be opened in April 2024, at the Colombo Port City. Taking to ‘X’ (formerly Twitter), the Belt and Road Initiative Sri Lanka (BRISL) said, “Colombo Port City duty free shop will be opened in April”. In October 2023, the Sri Lankan government gazetted the requirements…
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