The Silk Road Journal by Mahika Ming Any society in the world will be stable if its armed forces are strong to protect it. That will eventually result in social development and increased trade due to surplus production. The ancient Silk Road originally was the trade route which took external goods to Great China and…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) issued directions on foreign currency borrowings by Licensed Finance Companies (LFCs) on 9th April 2021 with a view to provide flexibility for LFCs to obtain low-cost funding from foreign sources to support their business expansions. The objectives of these directions are to stabilise any…
Cinnamon Life, John Keells Properties’ iconic mixed-development project, is ever closer to redefining Colombo’s skyline with the completion of its plush residential tower ‘The Suites’ at Cinnamon Life and the state-of-the-art office tower, ‘The Offices’ at Cinnamon Life. With its construction now complete, the 196-unit apartment building and the 30 storey office tower were ceremoniously…
SriLankan Airlines is strengthening its presence in the North American and European markets through the expansion of its existing codeshare agreement with Qatar Airways, with additional connections to serve various cities in these regions. This codeshare would expand across 10 cities in 06 countries covering Canada, Hungary, Azerbaijan, Scotland, Ukraine, and Turkey. Vipula Gunatilleka, Chief…
The Monetary Board, having considered the requests made by exporters of goods, has amended the Rule No. 2 of 2021 as published in the Gazette Extraordinary No. 2218/38 dated 09.03.2021 to reflect the following. (a) To reduce the percentage of mandatory conversion requirement of export proceeds of goods into Sri Lankan Rupees from twenty-five (25) per centum to…
Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board, organised a virtual B2B meeting between Carrefour Oman and eight prominent Sri Lankan fruits and vegetables exporter companies, to boost Sri Lankan exports of varieties of fruits and vegetables to Carrefour Oman hypermarket chain which has more than 12 outlets in the…
Purchasing Managers’ Indices for both Manufacturing and Services activities expanded in March. Indicating a strong revival in manufacturing activities in the country, the manufacturing PMI reached a 9-month high at 67.0 in March 2021. Services PMI rose to 62.1 in March 2021, indicating an expansion of the services sector for the fourth straight month.
The Silk Road Journal: By Mahika Ming The 2011 Fukushima nuclear accident which took place in Japan according to analysts has had a profound impact on the marine environment, food safety and human health of neighboring countries. Hiroshima and Nagasaki in Japan were the targets of the first recorded nuclear attack in 1945 when the…
Australian Aviation Magazine – Australia has gifted Sri Lankan police five drones to monitor people smuggling between the two countries. It’s part of a wider project to help Sri Lanka establish a “drone surveillance capability” that will also conduct natural disaster scene assessments and recovery and transnational crime investigations. The commander of Joint Agency Task…
MELBOURNE (Reuters) – S&P Dow Jones Indices said it is removing India’s Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm’s business ties with Myanmar’s military which is accused of human rights abuses after a coup this year. The company, which is building a $290 million port in Yangon…
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