State Minister for Social Empowerment, Mr. Anupa Pasqual, emphasized that empowering the disabled community is pivotal to boosting the country’s productive economy. During a news conference held at the Presidential Media Center, themed Collective Path to a stable country,’ Mr. Anupa Pasqual announced that a new Disability Bill, aimed at safeguarding the rights of the…
President Ranil Wickremesinghe participated in the ‘Ocean Nations: The 3rd Annual Indo-Pacific Islands Dialogue,’ moderated by Dan Baer, Senior Vice President for Policy Research at the Carnegie Endowment for International Peace and hosted by the Carnegie Endowment and Sasakawa Foundation. During this event, he highlighted the reluctance of island nations in the Indian Ocean and…
Official data from the Reserve Bank of India shows that in July, ITC invested $20 million in Welcomhotels Lanka Pvt Ltd equity ITC Ltd, which recently announced the demerger of its hotels business, has made an equity investment of about ₹3,000 crore in Welcomhotels Lanka Pvt Ltd with the latest investment of $20 million. Official…
Manufacturing License and Distribution Rights & Exclusive Retail Franchise Rights of the Renowned International Brand “Bata” and the Acquisition of Footwear Retailer Ltd Softlogic Holdings PLC announce that the Company’s fully owned subsidiary, Softlogic Retail Holdings (Pvt) Ltd has been granted the manufacturing license and distribution rights and the exclusive retail franchise rights for “Bata”…
President joins Business Roundtable During 78th UN General Assembly Session In conjunction with the 78th session of the United Nations General Assembly, President Ranil Wickremesinghe actively participated in two significant events in New York. The first event was the “Conference on Sustainable Development Goals – 2023,” which commenced yesterday (18) at the United Nations Headquarters….
The newly appointed Chairman of the Fabric Apparel Accessory Manufacturers Association (FAAMA), Sahan Rajapakse, highlighted the importance of strengthening vertical integration and import substitution of textiles as the way forward for the industry. Speaking at the 16th Annual General Meeting of the Association, the Chairman of FAAMA noted that the country currently imports most of…
In a recent meeting that could potentially reshape Sri Lanka’s economic landscape, COYLE held talks with H.E. Dewi Gustina Tobing, the Ambassador Extraordinary and Plenipotentiary of Indonesia. During the lengthy discussions, a number of significant points were raised and concerns addressed. The Ambassador highlighted that Indonesia has demonstrated its commitment to fostering economic partnerships, not…
Export Development Board (EDB) has identified value added Mineral products sector as a potential sector to be developed and promoted in the international market. Sri Lanka possesses a wealth of industrial minerals that can be processed and transformed into value-added products. This value addition can create higher-value exports, generate more employment opportunities, and contribute to…
Partnership encompasses 30 routes operated by both airlines Emirates customers can travel to two new points in India and Gan Island in Maldives via Colombo with seamless connectivity and baggage transfers SriLankan customers can travel with Emirates on 15 routes across the Middle East, US, and more with smooth connections in Dubai Emirates and SriLankan…
The Sri Lanka Delegation, led by President Ranil Wickremesinghe, engaged in high-level discussions with World Bank President Mr. Ajay Banga and other World Bank officials at the World Bank Headquarters (UNHQ) yesterday (18). The meeting cantered on a range of critical topics, including economic reforms, agriculture, tourism, and digitization. President Wickremesinghe expressed gratitude for the…
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