Unilever Sri Lanka took home the category award for Best Performance in fostering Employee Relations at the recent Best Corporate Citizen Sustainability Awards 2022. The award was conferred on Unilever by the Ceylon Chamber of Commerce in recognition of the company’s best-in-class Employee Agenda and People Practices in employee engagement, training & career development, wellbeing,…
MAS Amity Pte. Ltd., a subsidiary of MAS Holdings, signed a Joint Venture Agreement with Tata Group’s Trent Ltd, setting up an entity in India for the joint development of business into intimate wear and other apparel related products. Over time, MAS and Trent would pool their domain expertise to undertake design, development and manufacturing…
Reuters – Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour. The island nation of 22 million people has grappled with challenges…
During a meeting held between President Ranil Wickremesinghe and India’s Minister of External Affairs Dr S. Jaishankar, it was agreed upon to implement a joint program between Sri Lanka and India. President Ranil Wickremesinghe warmly welcomed the Indian External Affairs Minister at the Presidential Secretariat this morning (20) where the duo engaged in cordial discussions….
Port City Colombo (PCC) recently welcomed a delegation of senior representatives from the Thai-Sri Lanka Chamber of Commerce, the Sri Lanka-Thailand Business Council and the Embassy of Iran. The objective of the visit was to explore potential opportunities for foreign direct investment within the project. Delegation was led by Mr. Akram Saroof – President of…
COLOMBO, Jan 20 (Reuters) – India has told Sri Lanka it is committed to boost investment in its debt-ridden neighbour, to help pull the island nation from its worst economic crisis in seven decades, Foreign Minister Subrahmanyam Jaishankar said during a visit to Colombo. The country of 22 million has grappled with challenges over the…
The Ceylon Motor Traders Association (CMTA) together with the Association of International Marketing Graduates in Sri Lanka (AIMG) recently organized a joint forum titled “Road to Electrification” at Jetwing Colombo, which delved into the future of the EV market in Sri Lanka. The joint forum was participated by over 100 automotive industry experts, marketers, corporate…
Fitch Ratings has downgraded the National Long-Term Ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The FLCs’ ratings remain on Rating Watch Negative (RWN). The downgrades follow similar action on 10 Sri Lankan banks. For details, see “Fitch Downgrades…
United Arab Emirates (UAE) ruling family member HRH Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum and his team visited the Board of Investment of Sri Lanka(BOI) recently during their two-day visit to Sri Lanka. The delegation had cordial discussions with BOI Chairman Dinesh Weerakkody, Director General Renuka M Weerakone, and other top officials where…
In a very challenging year of poor supply, turbulent domestic working environment, compounded by multiple international challenges; Sri Lanka exported 250.19 Mn Kg to 148 countries. 52% of tea exports were absorbed by destinations in North Africa and The Middle East, Russia/CIS 17%, UK/Europe 10%, Asia 9%, North and South America 6%, Japan/ Australasia 4%…
Video Story
