The Embassy of Sri Lanka in Iran, with the assistance of the Association of Air Transport & Tourism Agencies of Iran and the Sri Lanka Tea Board, successfully organized Sri Lanka’s participation in the 16th Tehran International Exhibition of Tourism and Related Industries held from 07-10 February 2023 at the Tehran International Fairground in Iran. More…
Reuters – Ratings agency S&P Global on Monday cut its long-term issue rating on state-owned SriLankan Airlines’ foreign currency-denominated bond, after the airlines was unable to meet an interest payment and defaulted on a paper. “We lowered the issue ratings on the SLA 2024 bond to ‘D’ from ‘CC’ because both the issuer and government…
“We are proud of partnering with CMA because we are a disclosure-based market, and we believe in promoting the principles of integrated reporting.” – Chairman, CSE “The main thing is that we are able to measure the value creation of companies. All stakeholders are looking for value creation, and in value creation, there are some…
The new government of Brazil under President Lula de Silva is supportive of Sri Lanka towards achieving political and economic stability, said Secretary for Asia, and Pacific of the Ministry of Foreign Affairs of Brazil Ambassador Eduardo Paes Saboia, speaking at a well-attended diplomatic reception organized by the Embassy of Sri Lanka in Brazil to celebrate the 75th Anniversary of National Day…
Reuters – Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report. The roundtable will also include officials from countries that have requested debt treatments under the…
TOKYO, Feb 13 (Reuters) – Nissan Motor Co (7201.T) and Renault SA (RENA.PA) said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The move will help address falling market shares for the Japanese…
The Ceylon Chamber welcomes and appreciates the financial assurances provided by creditors thus far, towards achieving Board approval from the IMF. The timely announcements by India, Paris Club members including members such as Japan, U.S. and UK, and non-members such as Hungary, are highly encouraging and appreciated by the business community at this time. We…
Strengthening Sri Lanka’s positioning as a global logistics hub, Advantis 3PL Plus, a member of the Hayleys Advantis Group, added 121,000 square feet of warehousing space to its mega distribution centre, Advantis Logistics City (ALC) housed in Ekala, Ja- Ela, making it the largest warehouse in Sri Lanka. With this expansion, the total footprint of…
As per the Chinese calendar 2023 is the year of the rabbit and rabbits were shown all over the world. However, the image of three-rabbits that can be found in China & in some other countries are considered as symbols of cultural exchanges between Great China & other civilizations during the prime of the ancient…
Grand Gain Industrial Ltd. (GG), a Hong Kong-based company specialized in the development, manufacturing and sale of polyurethane foam cups for the brasserie industry, has invested US$ 3.5 million in the recently declared open BOI-approved fully-fledged bra cups manufacturing facility in Rambukkana. The inauguration ceremony of the new factory was recently held with the participation…
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