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…
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…
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