The highly anticipated Havelock City Mall is pleased to announce its grand opening on today (19th of October 2023). This international standard shopping mall promises to deliver an unparalleled shopping and entertainment experience, creating an ideal destination for the local community right in the heart of Colombo. Spanning over 200,000 square feet, Havelock City Mall…
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka last evening (18). The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Only Chamber to represented in United Nations, WTO and WIPO. Her first visit to…
President says addressing the “Green silk road for harmony with nature” high-level conference. President Ranil Wickremesinghe emphasized that the world’s most biodiverse regions are found in tropical countries and he proposed the launch of a dedicated program to support these nations in addressing future climate change challenges. He highlighted that 80% of the world’s endemic…
Minister of State for Fisheries Piyal Nishantha, announced the development of a specialized investment zone in the Northern Province, which will be tailored to the fishing industry. This strategic endeavour aims to attract investments related to the fisheries sector, fostering economic growth and generating substantial employment opportunities for the citizens. Furthermore, State Minister underscored the…
Reuters – Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge $1 annual fee for basic features. The new subscription termed as “Not A Bot” will charge users for likes, reposts or quoting other accounts’ posts, and bookmarking posts on the…
The Food and Agriculture Organization of the United Nations (FAO), together with the International Fund for Agricultural Development (IFAD) and the United Nations World Food Programme (WFP), marked World Food Day by calling for urgent action towards sustainable and climate-resilient agriculture in Sri Lanka. In a 2021 report by FAO and UN Water, Sri Lanka…
The emerging-market (EM) rating outlook is balanced, but the slump in China’s property market and higher global bond yields are key downside risks, Fitch Ratings says in a new report. The slowdown in China’s property sector and downside risks to its GDP growth add to risks facing EM economies given the impact on global trade,…
Agreement to be signed to provide Huawei’s support for the digitization of Sri Lankan schools. Mr. Simon Lin, Senior Vice President of Huawei technologies and President of Huawei Asia Pacific, announced his company’s readiness to support an annual study program aimed at nurturing software and hardware engineers in Sri Lanka. He mentioned that Huawei has…
During the official four-day visit to China, President Ranil Wickremesinghe attended a prominent investment, trade and tourism forum with a strong focus on fostering future business opportunities. President Wickremesinghe extended a warm invitation to Chinese entrepreneurs, encouraging them to view Sri Lanka as a strategic hub for emerging green and digital economic ventures, highlighting the…
United Motors Lanka PLC, in accordance with Rule 8.1 of the Listing Rules of the Colombo Stock Exchange, has disclosed its acquisition of Dutch Lanka Trailer Manufacturers Limited (DLT). The Share Sale and Purchase agreement, executed on today (17), entails United Motors Lanka PLC’s purchase of 100% shareholding in DLT for a total consideration of…
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