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Astrum & NGage ink an exclusive Strategic Alliance

Partnership to help bridge India and Sri Lanka market connectivity Astrum, India’s first research-based strategic communication advisory that uses science of persuasion™ to understand and shape public opinion ethically, and NGage, Sri Lanka’s pioneer in Integrated Marketing Communications and Public Relations, inked an exclusive strategic alliance that bridges India and Sri Lanka connectivity with a…

(0)Comments | February 7, 2024 11:40 am

UNICEF welcomes the commencement of the amendments to the Children and Young Persons Ordinance

UNICEF welcomes the long-awaited amendment to the Children and Young Persons Ordinance (CYPO) coming into force effective January 1, 2024, which marks a significant step towards protecting the rights and welfare of all children in Sri Lanka. The CYPO, a legislation governing justice for children in Sri Lanka since 1939, previously only covered those up…

(0)Comments | February 7, 2024 11:24 am

President Ranil Wickremesinghe calls for regional collaboration in climate change mitigation efforts

While welcoming the participants to Colombo, Sri Lanka, to the South Asia Hydromet Forum (SAHF) IV President Ranil Wickremesinghe emphasized the nation’s commitment to address climate change through collaborative efforts at regional and international levels. In his address at the inaugural session at the Galle Face Hotel Tuesday morning (06), under the theme ‘Unlocking Regional…

(0)Comments | February 7, 2024 10:35 am

Sri Lanka’s Pursuit of Free Trade Agreements: A Path to Economic Stability and Growth

FTA talks underway between India, Indonesia, Malaysia, Vietnam, and China – Minister of Foreign Affairs Ali Sabry. Minister of Foreign Affairs, Ali Sabry PC, emphasized the importance of strengthening and carrying forward President Ranil Wickremesinghe’s program to establish free trade agreements (FTAs) with other countries. He believes this is crucial to ensure Sri Lanka’s economic…

(0)Comments | February 7, 2024 10:01 am

Sri Lanka approves lifting some limits on rupee conversion for outward remittances

(Reuters) – Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas investments by Sri Lankan residents…

(0)Comments | February 7, 2024 10:00 am

Exterminators PLC to transform the pest management industry in South Asia

Exclusive distributor for India, Sri Lanka, and the Maldives. Non-exclusive distributor for Pakistan, Bangladesh, Nepal, and Bhutan. To set up high-tech 24×7 support centre in Colombo. To cater to over 15,000 pest control companies operating in South Asia. Exterminators PLC, Asia’s first publicly listed, great place to work, and carbon-neutral pest management and environmental enhancement technology…

(0)Comments | February 7, 2024 6:17 am

Macktiles makes history: Sri Lankan tiles exported to Indonesia for the first time

Macktiles Lanka (Private) Limited, Sri Lanka’s largest tile manufacturer and a pioneering force in Sri Lanka’s tile manufacturing industry, achieves a monumental milestone as Sri Lankan tiles make their debut in the Indonesian market. This historic accomplishment marks a significant shift in the global trade dynamics, with Sri Lanka transitioning from being a net importer…

(0)Comments | February 6, 2024 4:46 pm

Logistics Execs Wary of 2024 Recession and Overreliance on China

Majority plan Africa expansion despite guarded outlook on emerging markets  Global logistics executives, still worried about recession, say they are battling higher costs, reducing dependence on sourcing from China, and planning to boost investment in Africa despite seeing emerging markets investment overall as somewhat riskier. Half of the 830 industry professionals surveyed for the 2024 Agility Emerging Markets Logistics Index expect a…

(0)Comments | February 6, 2024 4:41 pm

Adani Group Claws back narrative a year after Hindenburg Report

When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world’s second-richest man before the damning January 24,…

(0)Comments | February 6, 2024 4:29 pm

Sri Lanka’s Apparel Industry Prepares for first ever Textile & Apparel Roadshow in the UK

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Apparel Sourcing Association (SLASA), the Sri Lanka High Commission in the UK, and the Joint Apparel Association Forum (JAAF), is organizing the ‘Sourced Sri Lanka – Textile & Apparel Roadshow’ scheduled to take place June 2024 in London. This event, set to…

(0)Comments | February 6, 2024 1:19 pm

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