Reuters – U.S. President Joe Biden on Sunday secured deals with Vietnam on semiconductors and minerals as the strategic Southeast Asian nation lifted Washington to Hanoi’s highest diplomatic status alongside China and Russia. The U.S. has been pushing for the upgrade for months as it sees the manufacturing dynamo as a key country in its…
The Securities and Exchange Commission of Sri Lanka has announced revisions to Corporate Governance Rules applicable to entities listed on the Colombo Stock Exchange with effect from 1st October 2023. High standards of Corporate Governance with accountability and transparency are critical to building investor confidence in the capital market and is therefore a priority on…
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the impact it will have on the functioning of the export industry. This comes at a critical time when Sri Lanka has seen a significant dip in exports of over 10%…
CEO of the Colombo Stock Exchange Mr. Rajiva Bandaranayake. Chief Executive Officer of the Colombo Stock Exchange Mr. Rajiva Bandaranayake highlighted that President Ranil Wickremesinghe’s Concept on “Capital Market Clubs” for schools is a future investment. He further emphasized that President Wickremesinghe has taken a very timely decision to promote financial literacy among the school…
Chairman, Urban Development Authority, Mr. Nimesh Herath shares latest developments concerning the restoration of historical properties of urban areas of the country. The Urban Development Authority has commenced the renovation of the dilapidated and historical buildings island wide that are designated under the Department of Archeology as economically viable adaptative uses such as shopping malls…
Fitch Ratings: Reserve dynamics among APAC sovereigns appear to be diverging, with potential implications for their credit profiles, says Fitch Ratings. Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects. Official reserves among Fitch-rated sovereigns…
Ms. Anat Bernstein-Reich, President of Israel – Asia Chamber of Commerce cum Chairperson / Israel – Sri Lanka Chamber of Commerce met Dr. Kingsley Bernard, Chairman of the Sri Lanka Export Development Board (EDB) on 28th August, 2023. This official meeting was initiated by His Excellency. M.H.M. Nimal Bandara, The Ambassador of Sri Lanka in…
Launches a new range of upcycled construction materials Initially producing concrete blocks from upcycled factory waste 9 million investment initiative Pro Green Lab to test out new applications for other industries Redefining sustainable innovations through eco-conscious partnerships, Sri Lanka’s largest integrated textile manufacturer, Hayleys Fabric PLC announced a ground-breaking collaboration with Pro Green Laboratory of…
President Ranil Wickremesinghe is set to depart for Cuba to address the G77 + China Leaders’ Summit next week. This summit, themed “Current Development Challenges: Role of Science, Technology and Innovation,” is scheduled for September 15 and 16, 2023, in Havana, Cuba. President Wickremesinghe’s participation in the summit comes as a result of an official…
A Thai embassy sponsored delegation looking for business opportunities in Sri Lanka, visited the Hambantota International Port (HIP) last week. The main focus of the visit was to identify potential investment opportunities at the port, for investors from Thailand. Thai companies represented amongst the group were Peerapat Technology, Forward Management Services, CO2 Innovation and NC…
Video Story
