Independent Panel and Transparent Reporting Channels for Robust ESG Policies SLT-MOBITEL introduces an enhanced Whistleblowing Procedure to further strengthen the Organisation’s Environment, Social and Governance (ESG) Policies. A key component of the upgraded procedure is the impartial Whistleblowing Unit, which comprises a panel completely independent from SLT-MOBITEL to conduct preliminary investigations into reported incidents. The…
FitsAir, the trailblazing privately-owned airline in Sri Lanka known for its affordability and punctuality, recently celebrated its one-year anniversary with great enthusiasm. This milestone marked a year filled with achievements, innovation, and a vibrant, youthful spirit. In just twelve short months, this dynamic airline has made a significant impact on Sri Lanka’s aviation industry while…
Reuters – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter. The country of 22 million people tipped into its first foreign…
Sri Lanka had a strong momentum at International French Market (IFTM) Top Resa with the presence of 27 exhibiting companies. Sri Lanka is back after the 2021 with its new destination branding ‘You will come back for more”. This is the first travel fair participation after new brand identity is adapted. France is among the…
The half-a-billion USD global organic textile market[1] is set to grow at a compounded annual growth rate of 40% within the next five years and with eco-consumption on the rise, it is evident that apparel companies too, are gearing for the shift in consumer patterns. [2] Sri Lanka, known for its ability to produce high-end…
In a significant development that promises to reshape Sri Lanka’s dairy industry, a Joint Declaration of Intent (JDI) was signed in July 2023 between the Department of Animal Husbandry and Dairying of the Ministry of Fisheries, Animal Husbandry and Dairying of the Republic of India, and the Ministry of Agriculture of the Democratic Socialist Republic…
The Government of the Democratic Socialist Republic of Sri Lanka is pleased to announce that it has reached an agreement on the key principles and indicative terms of a debt treatment with the Export-Import Bank of China (“China Exim bank”). The agreement in principle covers approximately USD 4.2bn of outstanding debt. It constitutes a key…
On an initiative of the Sri Lanka High Commission in London, a twelve-member business delegation representing the National Chamber of Exporters of Sri Lanka (NCE) visited the United Kingdom from 11 to 16 September 2023. The visit was aimed at further fostering trade and investment ties between the two countries and exploring new opportunities in the UK…
Three new bilateral agreements were signed to foster greater cooperation between the two countries. India’s Minister of External Affairs, Dr. S. Jaishankar met with President Ranil Wickremesinghe Tuesday (11) at the Presidential Secretariat. Extensive discussions were held to further strengthen Indo-Sri Lankan relations, resulting in the signing of three new bilateral agreements aimed at enhancing…
(Reuters) – Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday. “We will need to assess the entire package of agreements in its totality to assess consistency with IMF debt targets,” Peter…
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