SriLankan Cargo partners with cargo.one as the industry leader for equipping carriers to distribute with fully digital sales With cargo.one’s first South Asian carrier, freight forwarders globally will shortly gain instant digital access to SriLankan Cargo’s global capacity SriLankan Cargo and cargo.one today unveiled an exciting global partnership to bring the Sri Lankan national carrier’s…
The recently released fifth Export Barometer Survey by The Ceylon Chamber of Commerce showcases the resilience of Sri Lankan exporters despite a challenging global outlook. In a survey covering 2023 and forecasting 2024, exporters expressed confidence in their growth prospects. Amidst economic dynamics, the export sector exhibited robust growth in 2023. Exporters stressed that…
The Federation of Information Technology Industry Sri Lanka (FITIS) today expressed its strong support for LankaPay’s launch of the Unified Payments Interface (UPI) acceptance in the island, an initiative taken in partnership with the National Payment Corporation of India’s international arm-NIPL. Indika De Zoysa, Chairman of FITIS hailed LankaPay’s integration with NIPL to enable UPI…
The leading blue-chip conglomerate, Aitken Spence PLC reported an EBITDA (earnings before interest cost, tax, depreciation, and amortisation) of Rs. 7.8 billion for the third quarter of 2023/24, a growth of 11.8% over that of the third quarter of the previous year. The Group’s EBIT (Earnings before total interest) for the quarter stood at Rs….
Operationalizes the first 551 MW solar capacity at Khavda, Gujarat, India AGEL plans to develop 30 GW of clean energy at Khavda to generate ~81 billion units of electricity annually This will power 16.1 million homes and avoid 58 million tonnes of CO2 emissions annually Adani Green Energy Limited (AGEL), One of South Asia’s largest…
During President Ranil Wickremesinghe’s Official Visit to India in July 2023, Both Nations Pledge to Strengthen Economic Ties. In a significant development bolstering the longstanding ties between Sri Lanka and India, a landmark initiative in capacity building was launched 12th February, following extensive discussions between high-level officials from both nations. During President Ranil Wickremesinghe’s visit…
Provision of Japanese Yen One thousand, Two Hundred and Thirty Million (approximately LKR 2.8 billion) Project Grant Assistance by the Government of Japan through Japan International Cooperation Agency (JICA) for the Project for the Stabilization of Power Supply Using Renewable Energy at Hospitals in Sri Lanka Renewable power is booming as innovation that brings down…
State Minister for Investment Promotion Dilum Amunugama recently instructed the officials of the Sri Lanka Board of Investment to facilitate and execute the second and third phases of the Bingiriya Investment Zone as soon as possible, targeting high-net-worth Japanese investors. After the President visited Japan, a large number of Japanese investors were looking forward to…
The Institute of Policy Studies of Sri Lanka (IPS) is inviting proposals for the Saman Kelegama Memorial Research Grant 2024. The grant is an annual, merit-based grant awarded to an outstanding undergraduate studying in a Sri Lankan university. It aims to promote policy entrepreneurs among undergraduates by encouraging policy-relevant, rigorous and innovative socio-economic research. The…
Given Sri Lanka’s recent interest in Thailand for trade and commerce, officials from the Hambantota International Port Group (HIPG) made a timely visit to the Ports Authority of Thailand (PAT) and Ranong Port. The visit was to rekindle the initial connection made between Ranong Port and Hambantota International Port (HIP) almost five years ago when…
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