Focus on expanding investment and trade ties between the two countries. Expand the scope of employment for Sri Lankan youth in South Korea in the near future. An agreement between the two countries related to mitigation of climate change. South Korean President Yoon Suk Yeol pledged his support for President Ranil Wickremesinghe’s economic recovery plan…
The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by Mr. K.J. Weerasinghe of the Government of Sri Lanka and Mr. Brendan Lynch, Acting Assistant United States Trade Representative…
A high profile event held at the Embassy of Sri Lanka in Berlin on 8th September provided a unique platform for 10 Sri Lankan companies to showcase their organic agriculture products with export potential and connect them with potential buyers and investors in Europe. Implemented as part of the ‘Support to Small and Medium Enterprises…
Despite progress, South Asia has over one third of the world’s stunted children[1] (nearly 54 million) and over 25 million children suffer from wasting. UNICEF today kicked off a three-day regional conference on nutrition in Kathmandu, Nepal with the aim of scaling up equitable nutritional care for girls and women in South Asia. Organised by…
People’s Leasing & Finance PLC (PLC), a pillar of strength and stability in Sri Lanka’s financial sector, successfully concluded the 1st Quarter of the fiscal year 2023/24 with a year-on-year increase in Profit of 80.9% in the midst of a challenging economic landscape. PLC’s top line interest income recorded an impressive 10.2%, reaching Rs. 7,465…
The journey towards ‘green jeans’ and sustainable fashion has made significant strides worldwide, and at its heart is Hirdaramani Apparel, a pioneer and trailblazer in Sri Lanka’s apparel industry. Since joining the Ellen MacArthur Foundation’s ‘The Jeans Redesign’ project in 2019, the Company’s continued commitment to sustainably manufactured jeans has been focused, committed, and authentic….
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the…
As a responsible and forward-thinking organization committed to the protection of the environment, Hambantota International Port recently invested in oil spill contingency amenities to ensure that we are well-prepared for any type of emergency. Our commitment to safety and environmental preservation drives us to take these precautionary steps. By conducting periodic drills, our teams are…
The Women in E-commerce Conference, convened by the Daraz Group, is a full-day learning experience that celebrates women business owners, entrepreneurs, innovators, change makers and leaders in the digital space. This year, the conference will be held on 27 September, the second day of the South Asia E-commerce Summit, in Colombo, Sri Lanka, and will…
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the year on year GDP growth rate for the second quarter of 2023 has been estimated as 3.1 percent of negative growth rate, against the value reported in the same quarter in the year 2022. Further, the Gross Domestic Product for Sri Lanka for the…
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