Boat & Marine Show 2024 organized by Chamber of Marine Industries of Sri Lanka (CMISL) and Sri Lanka Export Development Board (EDB) in association with Ministry of Industries, Tourism Promotion Bureau and other relevant stakeholders will be held from 27th – 29th October 2023 at the Port City Marina, Colombo. The 8th edition of the…
More than 400,000 merchants in Sri Lanka will be able to accept cross-border digital payments from some of Asia’s most popular digital payment apps, with more to be progressively included More than 25 e-wallets supported by LankaPay will be accepted at Alipay+ merchant network globally Both parties will collaborate in promoting Sri Lanka tourism and…
Reuters – Sri Lanka’s consumer price inflation rate eased to 0.8% year-on-year in September from 2.1% in August, the statistics department said on Monday. The National Consumer Price Index (LKNCPI=ECI) captures broader retail price inflation and is released with a lag of 21 days every month. Food prices fell 5.2% in September after declining 5.4% in August,…
Autogroup International Sri Lanka (AGI), a 100% Australian-owned company specializing in the conversion of vehicles from left-hand drive to right-hand drive and then reexporting worldwide is considering a significant new factory expansion despite the challenging economic environment and government bureaucracy in Sri Lanka. Founded by Chairman Peter Hill over 30 years ago when he commenced…
The Colombo Stock Exchange (CSE) rang the market opening bell on 19th October at the CSE Trading Floor to felicitate the visit of Ms. Maria Fernanda Garza, the Chair of the International Chamber of Commerce, on the request of International Chamber of Commerce Sri Lanka (ICCSL). The ceremony was attended by Ms. Maria Fernanda Garza…
The Swadeshi Industrial Works PLC, manufacturer and marketer of Swadeshi Khomba for eight decades obtained several enjoining orders against Dasun Consumer Products (Pvt) Ltd., for violation through its product, of the intellectual property rights of its Swadeshi Khomba. The Commercial High Court of Colombo issued the enjoining orders on 06th October 2023. Swadeshi is the…
A Game-Changer in Vascular Health Assessment In a groundbreaking development, Lanka Ventures PLC, a prominent Sri Lankan investment firm, has announced a strategic investment in Jendo Innovations, a cutting-edge biomedical engineering startup based in Sri Lanka. Jendo Innovations has pioneered a revolutionary medical device designed to advance the early diagnosis of vascular diseases, and this…
Strong underlying business reflected in the unwavering confidence from global financial institutions Adani Cement, through Endeavour Trade and Investment Ltd has entered into definitive agreements for a fresh facility of USD 3,500 million for refinancing of the debt taken for acquisition of Ambuja and ACC The re-financing program of USD 3,500 million has been concluded…
In a significant move towards economic advancement, Sri Lanka has initiated the process of revitalizing its existing Export Strategic Plan (National Export Strategy 2018-2022). The endeavor, spearheaded by the Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Investment Promotion, has obtained technical support from the International Trade Center (ITC) based in…
‘Bodhidharma’ is widely believed to be a South Indian ‘Master’ or a ‘Brahman’ who travelled to Great China approx 5th Century AD. He is respected for teaching meditation & martial arts to the Shaolin monks of the Shaolin Monastery. The dialog between ‘Bodhidharma’ & the emperor of China is a good read for anyone interested in…
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