Bangladesh has received the first installment of $50 million from the $200 million loan taken by Sri Lanka in September 2021. The financial assistance was extended by the Bangladesh Bank to Sri Lanka to address a pressing foreign exchange reserve crisis experienced by the South Asian country then. Md Mezbaul Haque, executive director and spokesperson…
SL apparel export numbers decline 16.5% from Jan to May 2023 Bangladesh grown phenomenally, as has India, Vietnam, Turkey SLASA holds discussion to push competitiveness agenda forward The Sri Lanka Apparel Sourcing Association (SLASA) held a sundown meeting with the objective of moving beyond immediate challenges facing the apparel industry and obtaining the buy-in of…
Reuters – Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday. The National Consumer Price Index (NCPI) captures broader retail price inflation and is released with a lag of 21 days every month. In June consumer inflation stood at 10.8%….
SriLankan Airlines has relaunched direct flights from Colombo to Jeddah with a thrice weekly service every Tuesday, Wednesday and Sunday. SriLankan Airlines is currently the only carrier to offer a non-stop flight schedule between the two cities, opening a convenient gateway to the holy cities of Makkah and Madinah for Umrah pilgrims in Sri Lanka…
President Ranil Wickremesinghe attended the final match of the Lanka Premier League at the Colombo R. Premadasa Stadium Yesterday (20). President Wickremesinghe engaged in cordial discussion with both domestic and international cricket players and officials who were present to watch the tournament. Joining the President on this occasion were Minister Harin Fernando, the President’s Senior…
When President Ranil W encouraged SL Children (at Anula vidyalaya) to go global by learning Chinese & Hindi, some elected officials were worried about colonizing. Certain media sources which backed some of the above promote Sinhalese & Tamils to learn the basics of Tamil & Sinhala respectively. It is a noble act to make Sri…
Leading the way in Healthcare Excellence Nawaloka Hospitals PLC recorded a stellar growth during the first quarter for FY23/24, with a Rs.120 million profit-before-tax (PBT) in its interim financial statement for the quarter which ended on June 30, 2023, marking a 158 percent increase over the previous year for the same period. The report highlighted…
Leading export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL Pulse’. ‘DPL Pulse’ builds on the environmental and social consciousness already rooted within the organisation and aligns with the Hayleys Group’s long-term sustainability aspirations as outlined in the Hayleys…
Working towards a shared objective of sustainable socio-economic development in Sri Lanka, Sri Lanka’s leading private sector bank HNB PLC has partnered with the Japan International Cooperation Agency (JICA). Through the partnership, JICA – Japan’s Official Development Assistance (ODA) executing agency – will leverage its experience as a long-standing development partner to the island nation,…
Government ready to provide the required facilities – Says President declaring open Hilton Yala Resort. President Ranil Wickremesinghe highlighted that the tourism industry stands as the paramount sector capable of swiftly advancing the country’s economic objectives. The government, under his leadership, has implemented numerous pivotal measures to foster its growth. The President emphasized the significance…
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