NEW DELHI, Feb 15 (Reuters) – Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday, as the island nation seeks a way out of its worst economic crisis in decades. India has provided…
Minister of Agriculture Mahinda Amaraweera attended a discussion on agriculture issues held at the Presidential Secretariat, where he announced plans to provide Mada Pohora (TSP) to farmers at a lower price than the current market rate for the upcoming Yala season, through a gazette notification. The discussion addressed various agriculture-related topics, including fertilization strategies, paddy…
Ceylon Beverage Holdings says they are witnessing an exponential growth of ‘Kasippu‘ (moonshine), illicit arrack and illicit toddy as the prices of legal alcoholic beverages are out of consumers’ reach. Announcing latest financial reports, Ceylon Beverage further said Policy makers should be cognizant of the fact that tax hikes on the Alcohol industry, an industry…
NEW DELHI, Feb 15 (Reuters) – India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world’s largest sovereign creditor, to take a large haircut on loans. Two Indian government sources told Reuters of the…
The Investment Relations Office to promote the Colombo Port City Special Economic Zone (CPCSEZ) in Bangkok, Thailand, led by Dr Sarayut Lekplipol, the Regional Head of Investment Promotion (Asia-Pacific) for CHEC Port City Colombo (pvt) Ltd, recently hosted the Joint Foreign Chambers of Commerce Presidents Council Meeting, which includes 36 countries, in partnership with the…
Sri Lanka’s leading retailers will share the strategies they focused on to ensure stability and growth during the global and national economic challenges of the past two years, and the key takeaways that will drive their future vision, at the Sri Lanka Retail Forum 2023 to be held on 1st March at the Cinnamon Grand…
SriLankan Airlines sets the stage to usher in Raid Amazones, the only itinerant women’s adventure race in the world, to Sri Lanka for the second year running as the Presenting Partner. Raid Amazones will hit the fabled streets of the hill capital, Kandy, between 19 – 29, March 2023 with the participation of over 250…
Hela Apparel Holdings PLC navigated an exceptionally challenging global operating environment during the third quarter of FY 2022/23. While the Group’s quarterly revenue of Rs. 21.8 Bn represented a 44.8% increase compared to the same period of the previous year, this primarily reflected the impact of the rupee’s depreciation during this interval. In US Dollar…
Nepalese billionaire Binod Chaudhary recently paid an official visit to the Board of Investment (BOI) and held discussions on potential investment opportunities. During the discussions with BOI Chairman Dinesh Weerakkody, Mr Chaudhary focused his business interests on distribution, retail, leisure, financial services & manufacturing The business tycoon was also briefed about the progress on the…
AI, business messaging, cross-border shopping, virtual and augmented reality, creators, online shopping, and short-form video. Meta’s APAC VP looks at what should brands focus on this year. I usually start the year by sharing what I know with businesses about the social media trends intersecting with business across our platforms. Social networks, creators/influencers, friends, and…
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