Sri Lanka Tourism marked another milestone in its promotional activities through hosting the official book launch of ‘’An Island’s Eleven – a book written by British sports media journalist Nicholas Brookes, as a result of his thorough research of Sri Lanka Cricket.The book has won prestigious ‘Cricket Society and MCC Book of the Year award…
Service providers must be given golden opportunities to monetise infrastructure investment to further propel the country’s economic growth. Introduction of Independent and empowered mobile tower companies (TowerCos) could unlock nearly USD 1 Billion in foreign direct investment over the next five years and provide connectivity to five million under-connected Sri Lankans, opines Gayan Koralage, Director…
Moose Clothing Company has made yet another commendable move to expand the global footprint of the brand through their latest partnership with the well-known retail giant – Mustafa Center in Singapore. Mustafa center is an iconic landmark in little India Singapore, and a favorite place of many tourists. The shopping center offers 24-hour market style…
Reuters – Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt, the government said on Wednesday. The deal to restructure Suriname’s two outstanding dollar-denominated bonds includes a single, $650 million 10-year bond with a 7.95% interest rate, amounting to a 25% “haircut on the total recognized claims,”…
The Governing Council of the President’s Fund met at the Presidential Secretariat under the patronage of President Ranil Wickremesinghe, marking the first meeting after a four-year hiatus. The council is comprised of seven members, including the President, the Prime Minister, the Speaker, the Leader of the Opposition, the President’s Secretary, and two members appointed by…
Proposes to delist from the Colombo Stock Exchange to drive efficiencies Having operated in Sri Lanka for over 115 years, Nestlé Lanka’s deep-rooted bond and commitment towards the country and its people remains strong. In this journey, the ‘Good food, Good life’ company has worked closely with its stakeholders to positively impact families, communities, and…
The airline has signed a Memorandum of Understanding (MoU) with Sri Lanka Tourism Promotion Bureau, reaffirming its support to the island-nation’s tourism and trade industries Emirates has been serving the country for 37 years, carrying over 11 million passengers to and from the country Dubai, UAE – 3 May 2023: Emirates has pledged its renewed support to…
Biz confidence shores up in the aftermath of the IMF’s facility being approved The IMF’s US$ 3 billion Extended Fund Facility (EFF), which was approved on 20 March, has surely been instrumental in bolstering business confidence. And efforts to restructure Sri Lanka’s mountain of debt has since taken a positive turn with three key sovereign…
Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease when compared to March 2021. Less demand created for major products in major markets due to the current economic situation further continues. Major Exports in March 2023 A. Products…
Reuters – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its worst financial crisis since…
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