The 24th Annual General Meeting of the Sri Lanka – Germany Business Council was held recently, at the Hilton Colombo Residences, Colombo 2. Chief guest at the event, Deputy Head of Mission of the Embassy of Germany in Sri Lanka, Mr. Olaf Malchow, acknowledged Sri Lanka’s efforts and positive results with regard to economic recovery….
Sri Lanka’s Export Performance in August 2023 Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 10.91 % decrease when compared to the value recorded in August 2022. The decline…
The Securities and Exchange Commission of Sri Lanka (SEC) is pleased to announce four new senior appointments with diverse backgrounds to leadership positions to fulfill its regulatory and developmental mandates. Ms. Manuri Weerasinghe has been appointed as Director, Corporate Affairs. She has over 20 years of experience in the fields of Accounting, Financial Management, Financial…
Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at the felicitation event for local distributors held on the 25th of September in Colombo. This momentous occasion also marked the commencement of fuel supply to Sri Lanka’s filling stations. With the entry, Sinopec is committed to giving full play to its advantages,…
Overview On Sept. 14, 2023, Sri Lanka settled a debt exchange program on some of its local-currency-denominated government bonds held by superannuation funds. On Sept. 21, 2023, the government also completed a restructuring of its obligations to the Central Bank of Sri Lanka. We are adopting a forward-looking opinion about Sri Lanka’s creditworthiness on its…
In a historic milestone, Sri Lanka witnessed the grand unveiling of its very first centrally-monitored, fully-automated, women-operated Lanka IOC Filling Station, recently. This event symbolizes empowerment, inclusivity, and technological advancement. Situated in the heart of Colombo, at Hospital Square, it is the first new filling station inaugurated within the city limits in the last two…
Sri Lanka impressed the Russian travel and trade community by showcasing it’s galore of holiday opportunities to make the Russian travelers to consider about having a different experience in a different destination, at the Leisure/OTDYKH Travel & Tourism Exhibition held in Moscow from 12th -14th September 2023, for the 29th successive year. The Sri Lankan pavilion at…
Sri Lanka’s control body for organic agriculture – the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development Board (EDB), has taken a significant step towards promoting and regulating Sri Lanka’s organic agriculture sector with the launch of its official website – www.nocu.lk. This website development was done through…
Oil prices could soar back into the triple-digits if crude supply faces more pressure – and that could bring global economic growth to a near standstill, according to JPMorgan. In a note on Tuesday, the bank’s strategists noted oil prices have jumped 27% over the past month to trade at a 10-month high. Around 25%…
Commencing the National IT and BPM Week, the central event is slated for October 11, 12, and 13, 2023, at the Sirimavo Bandaranaike Memorial Exhibition Hall in Colombo. This initiative has been set in motion by expediting President Ranil Wickremesinghe’s program aimed at propelling the nation into the digital economy. The primary objective is to…
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