Hambantota International Port’s (HIP) industrial park will expand its industrial park’s scope to include 90+ diverse industrialized classes within its dedicated free trade zone. Several new categories have been added, including warehousing & logistics, electrical and electronics, mineral products, automobile manufacturing, apparel and textiles, petroleum and oil related products, pharmaceuticals, rubber products, furniture and food…
Sri Lanka – China Economic, Educational and Cultural Association was inaugurated on 11 March 2023 at a meeting chaired by Ambassador Dr. Palitha Kohona, at the Embassy. Sri Lankan businessmen, entrepreneurs, professionals and the student community in Beijing and nearby provinces attended the meeting. This organization aims at facilitating greater connectivity between the government of Sri Lanka…
Reuters – Shockwaves from the collapse of Silicon Valley Bank further pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook. Biden’s efforts to reassure markets and depositors came after emergency U.S. measures to shore up banks by giving…
In parallel to this event, Sri Lanka Tourism also participated at the Outbound Travel Market (OTM) at the Jio World Convention Centre, Mumbai. OTM is the leading travel show in the Asia-Pacific is the largest and most international gathering of travel trade buyers and professionals in India. It has also connected the global travel fraternity…
SLTPB has identified India as the number one source market for Sri Lanka tourism and India has been identified as one of the fastest growing outbound markets in the world. It is a need to conduct promotional activities continuously to promote the island as a desirable tourist destination to India as well as create a…
To help meet demand for quality childcare services among employed parents in the Eastern Province of Sri Lanka, the International Finance Corporation (IFC), Commercial Bank of Ceylon (CBC) and Sarvodaya have joined forces to establish early childhood development centers in the area. It’s an innovative move with the project developed under the Women in Work…
CNBC — HSBC on Monday announced a deal to buy the U.K. subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank, following all-night talks. HSBC confirmed that its U.K. ring-fenced subsidiary, HSBC UK Bank, had agreed to acquire SVB U.K. for £1 ($1.21). The assets and liabilities of SVB U.K.’s parent company are excluded from the transaction….
During a discussion with the representatives of the Sinopec Group held at the Presidential Secretariat this morning (13), President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly. The representatives from the Sinopec Group confirmed their readiness to invest in the…
Sri Lankan migrant workers’ foreign remittances amounted to a total of USD 844.9 million in the first two months of 2023, the Central Bank of Sri Lanka (CBSL) says. According to a latest report published by the central bank, this is an increase of 82% in comparison to the total sum of USD 464.1 million…
The Importers and Exporters are perturbed by the action of the Minister of Ports and Shipping, to rescind the Gazette No. 2041/10 dated 17th October, 2017, which was initially introduced on 27th October, 2013, and has benefited the Importers and exporters immensely over the years. This piece of legislature has helped importers and exporters from…
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