China Merchants Port Holdings leads consortium of investors in US$ 392 million South Asia Commercial and Logistics Hub SLPA and Access Engineering to each hold 15% equity in venture 8 storey, 5 million square foot complex with design storage capacity of 530,000 CBM to be built Sri Lanka’s aspiration to become a major logistics hub…
The Sri Lanka Mission in Thailand has noticed recently that Sri Lankan nationals are being lured for employment in Thailand particularly for the positions in the Information Technology (IT) sector by dubious IT firms involved in call-centre scams and crypto currency fraud. Victims are illegally taken across the border from Thailand mostly into Myanmar and…
Nation must make debt sustainable after clinching IMF bailout Rupee-denominated debts stood at around $38 billion in 2022 Bloomberg – Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial…
Reuters – As the world’s largest official bilateral creditor, China should participate in meaningful debt relief for countries facing problems, but it has served for too long as a “roadblock” to necessary action, Treasury Secretary Janet Yellen said in a major speech on U.S.-China relations on Thursday. Yellen said the United States expected China to…
The Hambantota International Port (HIP) handled over 900 units of the latest BMWs transshipped from the Port of Koper – Slovenia to the Port of Pyeongtaek in South Korea last week. While usual traffic for transshipment at HIP is in the East to West direction, this operation proves that there is a slow growth of…
SriLankan Airlines partnered with Jetwing Travels to fly in over 180 leading finance professionals from India Infoline Finance Limited to Colombo for an awards ceremony. The event’s organizers chose to fly SriLankan Airlines considering the airline’s capabilities to provide the complete package for destination MICE events. MICE tourism is a profitable niche that SriLankan is…
Samson & Sons (Private) Limited, widely known as DSI, is a leading homegrown brand and manufacturer of footwear, apparel and bicycle tyres across the country and has established a strong reputation for quality products in Sri Lanka since its inception. In 2006, DSI launched ‘AVI’, a local sportswear brand and, owing to its tremendous success,…
A shortage of a cash bundle worth Rs 5 million (Rs 5000 denomination) was discovered in a Vault of the Central Bank during the currency operations on 11.04.2023. An internal probe into the matter was commenced immediately, while a complaint was also lodged at the Fort Police Station. The police investigation is in progress. The…
In addition to smouldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global economy. TOKYO – Debts held by emerging and developing countries are ballooning. In addition to smoldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global…
The hallmark of the FDI destination is to create an investor-centric customer service design. The need for such a design will serve the multifaceted needs of investors. Further, it will lead the system to the next level amidst Industry 4.0. The application of AI, Machine Learning leads to big data analysis, and Cyber manufacturing with…
Video Story
