An estimated 17 percent of the population is in moderate acute food insecurity in Sri Lanka, especially in the Northern, Eastern and Central Provinces, indicating an improvement compared to 2022. Food security in Sri Lanka is improving across all provinces, according to the Crop and Food Security Assessment Mission (CFSAM) report jointly carried out in…
During a press conference, MP Harsha de Silva addressed the challenges faced by Sri Lanka’s textile & apparel export sector. With a significant year-on-year decline of 17% in April, the industry has been severely impacted. De Silva emphasized the crucial role the textile & apparel industry played during the economic crisis, lending crucial support to…
MANILA, PHILIPPINES (29 May 2023) — The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to…
The Embassy of Sri Lanka in Brussels, together with the Circle Royal Gaulois and the Diplomatic Club of Belgium, hosted a tourism promotion event titled “A Glimpse of Sri Lanka”, on May 24, 2023, at the prestige Club of the Circle Royal Gaulois in Brussels. The purpose of the event was to present Sri Lanka’s…
Advantis appointed as General Sales Agent and Port Agent in Sri Lanka for India’s premier cruise liner First-ever cruise sailing operation around the island Anticipates approximately 80,000 tourist arrivals in first 4 months alone The transportation and logistics arm of the Hayleys Group, Advantis, announced a groundbreaking partnership with India’s top cruise line, Cordelia Cruises…
Marriott Bonvoy Ambassador Arjuna Award winner and ace Golfer Shiv Kapur in Sri Lanka to elevate sporting experience for guests and fellow golfers Marriott Bonvoy, Marriott International’s award-winning travel program, teamed up with Courtyard by Marriott Colombo to host the Sri Lanka Open 2023 Pro-Am Golf Tournament. Kicking off 2023 on a green note, Marriott…
Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue growth in a challenging macroeconomic environment, reporting notable top-line growth during the year ended 31 March 2023. Group’s Healthcare and Consumer sectors led growth while healthcare segment remained the major contributor to total Group revenue in FY23. Sunshine recorded a consolidated Group revenue of…
Delivering a world of exclusive benefits, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of its upgraded range of Power Plans for Postpaid customers, aimed at providing the best possible experience and value for its customers. The all new Power Plans presents an unparalleled postpaid experience with unmatched features including rolling-over unused…
Fitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of ‘AAA(lka)’. The Outlook is Stable. Fitch has also assigned a ‘AAA(lka)’ National Long-Term Rating to Hayleys’ senior unsecured debentures. The rating reflects Hayleys’ large operating scale locally as a result of extensive business and geographical diversification, and strong market share in…
Ambassador of Sri Lanka to the United Arab Emirates, Udaya Indrarathna delivered the Keynote speech on 23 May 2023 on game changing strategically important trade relations between Sri Lanka and UAE at the webinar “Made for Trade Live – Sri Lanka in Focus” organized by the Dubai Multi Commodities Centre (DMCC). The DMCC staged its…
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