Nations Trust Bank PLC has announced the appointment of Ms Rozanie Sherin Cader as the Chairperson of the Board of Directors, with effect from 1st May, 2023. Ms Cader will take over as the Chairperson upon the retirement of Mr Gihan Cooray who will be stepping down on 30th April 2023 after having served the…
Spain is one of the fastest recovery markets for Sri Lanka Tourism after the pandemic and participation in FITUR argues well for the much-needed exposure for Sri Lanka as an attractive tourism destination for Spanish-speaking countries, contributing in a substantive manner to its overall growth strategy. Sri Lanka Tourism made the presence with the 28…
“We are working with the state university network in Sri Lanka to upgrade financial education among undergraduates and also conduct investor forums across the country with the objective of sharing better investment knowledge with the general public, with the support of the CSE branch network.” – CSE Chairman “Room to Read ensures that children in…
By Planters’ Association of Ceylon Chairman, Senaka Alawattegama Despite the remarkable resilience of our people, industries and enterprises, Sri Lanka’s economic outlook in 2023 – along with approximately 1/3rd of all countries according to the IMF – appears bleak. Worse yet is the fact that this economic fall from grace was entirely predicted for many…
New Delhi-based Barista has strengthened its position as Sri Lanka’s largest coffee chain after opening its 19th store on the island, and is seeking to open another 30 outlets over the next 12 months Indian coffee chain Barista has continued its expansion across Sri Lanka, opening its 19th store and targeting 50 locations by 2024….
The Republic of Italy has expressed its willingness to help Sri Lanka by supplying helicopters for anti-human trafficking measures taken by the Government of Sri Lanka. Her Excellency the Italian Ambassador Rita Giuliana Mannella revealed this during a meeting with Hon. President Ranil Wickremesinghe Wednesday (25) at the Presidential Secretariat. The duo discussed the strengthening…
The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel…
BEIJING, Jan 26 (Reuters) – China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s foreign ministry said on Thursday, confirming a Reuters report earlier this week. read more . EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9…
At a recent discussion held by the Minister of Ports and Shipping, the Sri Lanka Shippers’ Council was informed that the Gazette No. 2041/10 dated 17th October, 2017 regarding the Licensing of Shipping Agents, Freight Forwarders, Non-Vessel Operating Common Carriers and Container Operators (Act No. 10 of 1972), which protects importers and exporters from anti-competitive…
Sri Lanka Tea Production slumped to a 26 Year Low of 251.4 Mnkg. Back in 1995 the country harvested 246 Mnkg from a much smaller production base. This was the highest on record at the time and tea production continued to grow steadily thereafter, with a peak of 340 Mnkg recorded in 2013. An analysis…
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