Just as economic reforms must take the long-term view, so should policy for the apparel industry By Yohan Lawrence – Secretary General, Joint Apparel Association Forum In The State of Fashion Report 2023, global consulting company McKinsey, estimates that the fashion industry will grow at two speeds: between 5 and 10 per cent in luxury…
The Ceylon Chamber of Commerce has taken a proactive stance in addressing critical issues within Sri Lanka’s healthcare sector, recognising the importance of patient safety, access to quality healthcare, and fostering industry growth. The Ceylon Chamber initiated a meeting with the Minister of Health Mr. Keheliya Rambukwella, and outlined a comprehensive plan of action to…
LAUGFS Gas PLC, a leading energy solutions provider, and Lanka IOC, a prominent petroleum company forged a strategic partnership. This collaboration marks a pivotal moment in the industry as these two giants unite to drive innovation, enhance operational efficiency, and elevate customer service standards for the local LPG customer base. The LAUGFS Gas and Lanka…
Sampath Bank PLC, in collaboration with the Board of Investment of Sri Lanka (BOI) and the Ministry of Investment Promotion, proudly unveiled the comprehensive Banking Guide titled ‘Sri Lanka Banking Guide for Investors and BOI Companies’. The event was held at the Sampath Bank’s corporate office on the 28th of August 2023, with the participation…
In a significant development, Minister of Health Keheliya Rambukwella announced that the Cabinet has granted approval for the establishment of three private medical colleges within Sri Lanka. Minister Rambukwella emphasized that these new medical institutions will adhere to the standards set by existing medical schools in the country. Addressing a media briefing held at the…
According to recent statistics released by the Central Bank of Sri Lanka, the country’s tourism industry and workers’ remittances have generated USD 5.16 billion over the past 8 months in 2023. From January to August 2023, the earnings from tourism amounted to USD 1,304.5 million, while workers’ remittances (inflows) contributed USD 3,862.7 million. Notably, the…
Reuters – Meta Platforms (META.O) is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The Facebook parent is aiming for its new AI model to be ready next year, the Journal…
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), which are aimed at enhancing trading opportunities and flexibility for investors. In this regard, the CSE conducted an awareness session on RSS and SBL, to the institutional and high…
The World Spice Congress 2023 will create a platform for buyers and sellers to discuss issues, share learnings and evolve best practices in spice trade. Mr. Sarada De Silva Emeritus and Founder chairman of the Spice Council of Sri Lanka has been invited by the organisers of the World Spice Congress (WSC) to address on “Ceylon Spices”…
Alumex PLC, Sri Lanka’s most trusted aluminium brand and subsidiary of the Hayleys Group, has partnered with the Mechanical Engineering Department of the University of Moratuwa, to champion Sri Lanka’s inaugural formula electric car as the material sponsor at the “EXMO 2023” exhibition which is the University’s flagship engineering exhibition. Alumex provided vital support to…
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