UNICEF welcomes the long-awaited amendment to the Children and Young Persons Ordinance (CYPO) coming into force effective January 1, 2024, which marks a significant step towards protecting the rights and welfare of all children in Sri Lanka. The CYPO, a legislation governing justice for children in Sri Lanka since 1939, previously only covered those up…
While welcoming the participants to Colombo, Sri Lanka, to the South Asia Hydromet Forum (SAHF) IV President Ranil Wickremesinghe emphasized the nation’s commitment to address climate change through collaborative efforts at regional and international levels. In his address at the inaugural session at the Galle Face Hotel Tuesday morning (06), under the theme ‘Unlocking Regional…
FTA talks underway between India, Indonesia, Malaysia, Vietnam, and China – Minister of Foreign Affairs Ali Sabry. Minister of Foreign Affairs, Ali Sabry PC, emphasized the importance of strengthening and carrying forward President Ranil Wickremesinghe’s program to establish free trade agreements (FTAs) with other countries. He believes this is crucial to ensure Sri Lanka’s economic…
(Reuters) – Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas investments by Sri Lankan residents…
Exclusive distributor for India, Sri Lanka, and the Maldives. Non-exclusive distributor for Pakistan, Bangladesh, Nepal, and Bhutan. To set up high-tech 24×7 support centre in Colombo. To cater to over 15,000 pest control companies operating in South Asia. Exterminators PLC, Asia’s first publicly listed, great place to work, and carbon-neutral pest management and environmental enhancement technology…
Macktiles Lanka (Private) Limited, Sri Lanka’s largest tile manufacturer and a pioneering force in Sri Lanka’s tile manufacturing industry, achieves a monumental milestone as Sri Lankan tiles make their debut in the Indonesian market. This historic accomplishment marks a significant shift in the global trade dynamics, with Sri Lanka transitioning from being a net importer…
Majority plan Africa expansion despite guarded outlook on emerging markets Global logistics executives, still worried about recession, say they are battling higher costs, reducing dependence on sourcing from China, and planning to boost investment in Africa despite seeing emerging markets investment overall as somewhat riskier. Half of the 830 industry professionals surveyed for the 2024 Agility Emerging Markets Logistics Index expect a…
When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world’s second-richest man before the damning January 24,…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Apparel Sourcing Association (SLASA), the Sri Lanka High Commission in the UK, and the Joint Apparel Association Forum (JAAF), is organizing the ‘Sourced Sri Lanka – Textile & Apparel Roadshow’ scheduled to take place June 2024 in London. This event, set to…
Investment of 13 million Euro further enhances local pre-production capabilities • The Continentals plant in Kalatura, Sri Lanka produced material-handling tires since 2009 • The Material Handling Business Field is set for further growth worldwide Continental is expanding the global manufacturing footprint of its Specialty Tires business area in Sri Lanka and Signed an agreement…
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