US Ambassador Julie Chung met with Sri Lanka’s Central Bank Governor, Dr. Nandalal Weerasinghe, today (25). During their meeting, Ambassador Chung extended her congratulations on the IMF’s staff-level agreement, marking progress in Sri Lanka’s effort to secure the second IMF installment. She reinforced the need for fairness in Sri Lanka’s debt restructuring, emphasizing equal and…
The BOI, keeping with its strategic planning goals of attracting more digital and technology-driven FDI with Salus Safety Robotics Pvt Ltd a subsidiary of Salus Safety Inc., a South Korean company with over three decades of industry experience, is introducing its latest venture, Salus Safety Robotics Pvt Ltd, a pioneering company newly established in Sri…
By Nilupulee Rathnayake Having weathered a challenging period marked by a deep economic crisis, Sri Lanka is now demonstrating positive signs of an economic upturn. Still, amidst limited homefront policy alternatives against an unfavourable global backdrop, a critical question arises: how will Sri Lanka’s external sector cope in the face of these challenges? Notably, import…
A Memorandum of Understanding between EEIQ’s EduGlobal College and Apex Ed also Anticipated to Accelerate Recruitment in the Sri Lankan Market EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced…
Sri Lanka Tourism collaborated with Qatar Airways to promote Sri Lanka for British Travelers for Winter 2023/24. Sri Lanka Tourism Promotion Bureau, under The Ministry of Tourism & Land joined hands with Qatar Airways- PR office for UK and Europe to invite Britain’s mainstream newspapers including The Sun, The Independent, Daily Mail, Daily Mirror, Daily…
Recently, a Georgian business delegation paid a visit to the Sri Lanka Export Development Board (EDB) to enhance trading opportunities with the Sri Lankan agricultural sector. EDB Chairman/CEO Dr. Kingsley Bernard welcomed the visiting delegation and extended his appreciation for visiting Sri Lanka to bolster commercial and business ties between the two countries. Georgia is…
In the effort to revolutionize the Northern Region of Sri Lanka, Mr. Nimesh Herath, Chairman, Urban Development Authority(UDA) shares latest endeavor of the UDA. The Urban Development Authority (UDA) is on the precipice of unleashing the immense potential of Kankasanthurei, Jaffna, through an ambitious project – a future-ready university and information technology (IT) park. This…
(Reuters) – Sri Lanka’s cabinet approved issuing free tourist visas to visitors from seven countries including China, India and Russia, a statement issued by the media ministry said on Tuesday, to boost tourism and help revive its crisis-hit economy. Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till…
Sri Lanka’s merchandise exports decreased by 11.88 % to US$ 951.5 Million in September 2023 compared to September 2022 as per the provisional data released by the Sri Lanka Customs. Also, it is a 14.94% decrease when compared to the value recorded in August 2023. The decline in merchandise exports is due to decreased demand…
The third session of the Sri Lanka Economic Summit 2023 conducted by The Ceylon Chamber of Commerce on 28th and 29th November will center around exploring how Sri Lanka can capitalize on its strategic location and implement a “+1 strategy” to boost trade and investment. Titled “Accelerating Growth through Unlocking Trade & Investment,” this session…
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