Investment of 13 million Euro further enhances local pre-production capabilities • The Continentals plant in Kalatura, Sri Lanka produced material-handling tires since 2009 • The Material Handling Business Field is set for further growth worldwide Continental is expanding the global manufacturing footprint of its Specialty Tires business area in Sri Lanka and Signed an agreement…
The Commercial Bank of Ceylon has launched a new initiative to support small and medium-sized enterprises (SMEs) via a partnership with the Industrial Development Board (IDB), the premier state organisation entrusted with the progress of the industrial sector in Sri Lanka. The partnership will provide stakeholders of the IDB access to ‘Commercial Bank LEAP GlobalLinker’…
Sri Lanka Tourism, the third highest Foreign exchange earner in the country is seeing success in Tourism arrivals as never before even compared with Pre Pandemic levels. 2018 was considered to be one of the best years for Sri Lanka Tourism in achieving Tourist arrivals but the current year with upwelling Tourist arrivals have made…
In a significant step towards fulfilling a key budget promise, a Sri Lankan delegation led by the State Minister of Technology, Kanaka Herath, visited the Indian Institute of Technology Madras (IIT Madras) on the 5th of February 2024, to discuss the establishment of a branch campus in Sri Lanka. The delegation was accompanied by Dr….
With the rapid evolution of communication channels and the increase of social media influence in the financial markets, the Securities and Exchange Commission of Sri Lanka (SEC) recognized the need for proactive measures to identify and address potential social media wrongdoings that may impact investors and market stability. Considering these developments, the SEC has taken…
Reuters Breakingviews – The process of working out sovereign debts is not working. Countries such as Zambia are twisting in the wind because of long delays in restructuring their borrowings. It is harder to get all creditors to agree now that China is a big lender. A more integrated approach that better manages laggard lenders…
Designed by Indian-origin founders, for India, Ask QX is the world’s first hybrid Generative AI platform, and globally the first to have a node-based architecture Fully-functional, multi-lingual Indian Generative AI web platform and app that is available for download at launch With 8 million users at launch, the web platform and app are available in…
Industry veteran Saifudeen Jafferjee elected Chairman of JAAF at 20th AGM Executive Committee unanimously re-elected Industry veteran Saifudeen Jafferjee was elected Chairman of the Joint Apparel Association Forum (JAAF), which is the apex body that guides Sri Lanka apparel towards its ultimate goal of being the world’s number one apparel sourcing destination. At the 20th…
As part of their international growth strategy, MTI Consulting is looking to invest in tech start-ups that can augment their core strategy consulting practice. “We are looking to partially acquire / invest in start-ups that are strategically linked our core i.e. Strategy Consulting, in areas as such Research, Analytics, Content Generation, Data Visualization, Project Management…
Sri Lanka Tourism officials in Collaboration with the Airport & Aviation officials gave an arousing welcome to the inaugural flight of Cathay Pacific Airways, CX 611 on the 1st of February, 2024, at the Bandaranaike International Airport. The Passengers and the crew were welcomed by Tourism Information Centre officials of the SLTPB and also Mr…
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