Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Consulate General in Shanghai, China successfully organized a Technology Upgardation & exposure visit parallel to China International Sewing Machinery & Accessories Show (CISMA) 2025 from 24th to 28th September 2025 in Shanghai, China for the Sri Lankan Apparel sector companies. The exposure visit…
An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou visited Sri Lanka from September 24 to October 9, 2025, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the Extended Fund Facility (EFF) arrangement. At the end of the mission, Mr. Papageorgiou issued the following statement: “IMF…
A special meeting between officials from the Ministry of Industries and Entrepreneurship Development and representatives of the International Monetary Fund (IMF) was held today at the ministry’s main auditorium. During the discussion, ministry officials presented a detailed analysis of their goals and strategies for 2030 to the IMF representatives. Key performance indicators (KPIs) such as…
WindForce PLC has strengthened its leadership in Sri Lanka’s renewable energy sector by acquiring a 51% equity stake in Safe Power International (Pvt) Ltd, a company established to develop a new 10 MW wind power project in Alankuda, Puttalam. The remaining 49% stake in Safe Power International is held by Arinma Power (Pvt) Ltd. A…
The strategic panel discussion brought together leading voices from academia, policy, and industry to showcase collaborative pathways for national digital economy growth Sysco LABS Sri Lanka successfully hosted the inaugural ‘Sysco LABS Dialogues – Academia, Policy & Industry in Information and Communications Technology’ recently, highlighting how committed public–private partnerships serve as an essential catalyst for…
The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) successfully convened an exclusive forum for institutional fund managers themed “Be a Part of the Capital Market’s Growth Story – One Vision for A Resilient Market” recently. The forum, directed towards the nation’s foremost institutional fund managers, was…
The Government of Sri Lanka, working with the Asian Development Bank (ADB), has introduced a special programme for Micro, Small, and Medium Enterprises (MSMEs). This initiative allows MSMEs lacking adequate collateral to obtain loans through 13 selected banks and financial institutions, including Seylan Bank. Through the collaborative launch of the National Credit Guarantee Institution Ltd….
The Sri Lanka Export Development Board (EDB), together with the Sri Lanka Embassy in Beijing and the Consulate General in Guangzhou, successfully organized an outward trade delegation to China from 16th to 23rd September 2025, with the aim of promoting Ceylon Cinnamon and other value-added spices in the Chinese market. The delegation comprised 13 leading…
Reuters – Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve. Spot gold was up 0.7% at $4,011.18 per ounce by 0300 GMT. U.S. gold futures for December delivery…
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest…
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