NDB Bank is proud to announce the launch of its new ‘SME Re-Energizer’ loan in collaboration with the Sri Lankan Government, designed to provide essential financial support to SMEs and MSMEs across Sri Lanka. This initiative underscores NDB’s commitment to empowering small and medium-sized enterprises and fostering economic growth by supporting the nation’s emerging businesses….
Sri Lanka’s mango industry, deeply woven into the cultural fabric and dietary needs of Sri Lanka, is thriving with a 12.2% production boost and a 5% yield improvement over the past two decades. Yet, the industry is characterised by drastic seasonal price swings. Prices are currently low, and another significant drop is expected between September…
His Excellency Qi Zhenhong, Ambassador of the People’s Republic of China to Sri Lanka, attended the 23rd Annual General Meeting of the Sri Lanka-China Business Council at Colombo. The Ambassador delivered a comprehensive speech highlighting the strong and enduring partnership between China and Sri Lanka, emphasizing mutual economic cooperation, historical ties, and future prospects for…
Uber announced the launch of its global flagship sustainability product, Uber Green, in Colombo. This will enable riders to book environment friendly rides with just a few taps on their Uber app. With an aim to accelerate its transition to zero emission mobility by 2040 in Sri Lanka, Uber plans to expand on-demand electric vehicle…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, continues its commitment to innovation with the launch of Virtual Reality (VR) Bungee Jumping and VR Cycling experiences at the Iconic Centre. Developed in collaboration with the Engineering Faculty of the University of Moratuwa and local content creators, these VR experiences offer thrilling and highly realistic simulations…
The 23rd Annual General Meeting of the Sri Lanka-China Business Council of the Ceylon Chamber of Commerce was held on 2nd July 2024 at Hilton Colombo Residencies, Colombo 02. The event was graced by His Excellency Qi Zhenhong, Ambassador of the People’s Republic of China to Sri Lanka, who graciously participated as the Chief Guest….
Reuters – Sri Lanka will wrap up talks with international bondholders on its restructuring process in a few weeks, Foreign Minister Ali Sabry said on Tuesday, a major step for the island nation to emerge from its worst financial crisis in decades. Sri Lanka will also seek to balance its ties with giant neighbour India…
Kompannavidiya Flyover Opens Next Week, Kohuwala Construction Complete – Road Development Authority”. India Donates 20 Locomotives for Beliatta-Colombo Freight Train: -Railways’ Acting GM. Amendment of National Transport Commission Act Targets Regulation of Three-Wheelers and Taxis:- NTC Chairman. CTB Initiates Procurement for 400 Buses- Chairman. Secretary to the Ministry of Transport and Highways Eng. Ranjith Ganganath…
Government unable to fulfill such demands burdening the people. In order to grant a Rs. 10,000 pay hike, the government will need another Rs. 140 billion annually. In order to grant a Rs. 20,000 pay hike, the government will need Rs. 280 billion. According to IMF agreement, Central Bank cannot print money. Based on the…
The Government of Sri Lanka announced that Sri Lanka has now gained the capacity to produce fortified rice kernels. The Kernels are enriched with Folic Acid and Iron through an extrusion process creating nutrient rich grains that will be blended with regular rice to produce fortified rice. This initiative was highlighted as an urgent priority…
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