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…
The Hambantota International Port (HIP) clocked half a million transshipment units for this year in September 2023, surpassing the port’s previous year’s RORO numbers. “As the global economy recovers gradually, we continue to aggressively market our location and services. As a result, RORO transshipment is steadily increasing at HIP and we have been able to…
Dialog Sustainability Report 2022 Confirms to GRI, SASB and GSMA Guidelines on ESG and Sustainability Reporting Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, reached a significant milestone in its commitment to sustainability and transparency by becoming the first telecommunications service provider in South Asia to comply with the Sustainability Accounting Standards Board (SASB) and…
Renowned Sri Lankan businessman Lalith Kotelawala passed away at the age of 85 this morning (21 Oct.), Ada Derana learns. The former Chairman of Ceylinco Consolidated and the founding Chairman of Seylan Bank, Deshamanya Deshabandu Jeewaka Lalith Bhupendra Kotelawala was reportedly receiving treatment at a private hospital in Colombo at the time of his demise….
NDTV – Mumbai Indians have officially appointed former Sri Lanka pacer Lasith Malinga as their bowling coach, the Indian Premier League franchise said on Friday, promptly filling the void left by the departure of Shane Bond. The 40-year-old Malinga, who played for the five-time champions in his prime, will join the coaching team led by…
Reuters – China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said. The assurances came a week after the crisis-hit island nation said it had reached agreement with the Export-Import Bank of…
The Ceylon Chamber of Commerce congratulates the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). This agreement is set to grant Sri Lanka access to the second tranche, approximately US$330 million in financing, pending approval by…
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