The Managing Director of Onomichi Dockyard Company, Japan, and Director of Colombo Dockyard PLC (CDPLC), Kunio Kobatake, recently visited Hambantota International Port (HIP). This visit follows a newly signed agreement between CDPLC and the Hambantota International Port Group (HIPG) to construct a state-of-the-art ship repair workshop at the port. Johnson Liu, Chief Representative of CM…
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years,…
Today is a historic day for moviegoers in Sri Lanka as Scope Cinemas proudly unveils its new IMAX®️ Theatre at Havelock City Mall. This state-of-the-art facility introduces the highly-anticipated IMAX®️ with Laser technology, promising an unrivaled cinematic experience that will captivate audiences with its stunning visuals and immersive audio. IMAX®️, a name synonymous with cutting-edge…
The Sri Lanka Export Development Board (EDB) successfully held its 24th Exporters’ Forum on the 25th of this month. The forum, a platform for discussing and resolving issues faced by exporters, was presided over by State Minister of Investment Promotion, Hon. Dilum Amunugama. The participation of Secretary of the Ministry of Investment Promotion, Mr. M….
A high-level delegation from CPA Australia, including board members and representatives from international markets, recently concluded a successful visit to Sri Lanka. The delegation’s primary focus was on establishing strong relationships with local governments, professional bodies, universities, and banking institutions. “We’re excited to be expanding our presence in Sri Lanka,” said Professor Dale Pinto (FCPA),…
Authentic Brands Group (Authentic), a global brand development, marketing, and entertainment platform, today announced a long-term partnership with Focus Brands, the brand licensing division of Hela Apparel Holdings PLC, for Reebok. Through the partnership, Focus Brands will design, manufacture and distribute Reebok-branded outerwear products across the UK and Europe. “We look forward to expanding our…
Bloomberg – Sri Lanka will hold elections in September to elect a new president as the incumbent leader Ranil Wickremesinghe seeks a mandate for his tough fiscal reforms in the South Asian nation that’s trying to move past its worst financial crisis on record. The Election Commission said the vote will be carried out on Sept. 21…
‘Ceylon Tea’ Brand to Be Promoted Internationally Through New Strategic Plan – President Says at Colombo International Tea Convention 2024. President Ranil Wickremesinghe emphasized the crucial role of the Sri Lankan tea industry in transitioning the country towards an export economy. He underscored the need for a comprehensive promotion strategy, developed in collaboration with both public…
Full Implementation of Anti-Corruption Legislation. National Anti-Corruption Strategy for 2025-2029. Expanded Powers for the Auditor General. Increased Authority for the Commission to Investigate Allegations of Bribery or Corruption (CIABOC). Transparency in State Procurement: Disclosure of state procurement information exceeding one billion rupees. Public Disclosure of Tax Exemptions for All Companies. The Cabinet of Ministers has…
The Food and Agriculture Organization of the United Nations (FAO) is calling for urgent regional efforts to combat a rise in avian influenza cases across the Asia-Pacific region. The appeal follows a consultation of regional experts in Bangkok, supported by the United States Agency for International Development (USAID) and the Centers for Disease Control and…
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