Minister Pathirana makes ready for industry to achieve USD 1 billion in exports Ceylon Sapphire at heart of promotion & marketing of exhibition Exhibition underscores Sri Lanka being open and ready for business One of the most sought after international gem and jewellery shows on the global procurement and sourcing calendar, FACETS Sri Lanka Premier…
(Reuters) – Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy. The island of 22 million is in the midst of its worst financial crisis in over seven…
The FACETS SRI LANKA exhibition, which drives Sri Lanka’s gem and jewelery brand to the world will be held from January 7th to 9th, 2023 at Atrium Lobby, Cinnamon Grand Hotel, Colombo. This time the exhibition is being organized in a grand manner attracting numerous stakeholders that range from high-profile Trade Buyers to Gemstone &…
President Ranil Wickremesinghe stressed the need of a good foreign service which will be able to forge broader relations with many countries while safeguarding the sovereignty of Sri Lanka. Therefore, the prime objective is to draft new foreign policy and secondly making friends. There will be economic plans as well as the security objectives and…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further…
The Central Bank of Sri Lanka reports that Sri Lanka’s official reserve assets at the end of December 2022 were USD 1,896 million. This is a 5% increase from the official reserve asset figure of USD 1,806 million in November 2022. Meanwhile, foreign exchange reserves, the main component of these official reserve assets, increased from…
Overall new vehicle registrations at lowest level since 1992 as supply chain woes hobble factories Financial Times – The sale of new electric cars overtook diesel models in the UK for the first time in 2022, but overall new car sales fell to their lowest level in three decades, according to the Society of Motor…
The Commercial Bank of Ceylon has announced the enabling of ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities for the first time in Sri Lanka. With this latest digital initiative of Commercial Bank, Visa and Mastercard Debit and Prepaid cardholders can transfer funds to any locally-issued Visa and Mastercard Debit, Credit or Prepaid card…
INSEE Cement, Sri Lanka’s Number 1 cement brand and member of the Siam City Cement Public Company Limited (SCCC) of Thailand, announced the appointment of Jan Kunigk as Chief Executive Officer (CEO) as of 01 January 2023, marking the beginning of a new year with a change of guard in the company. With his appointment,…
Sri Lanka encountered the most challenging year in 2022 in the post-independence economy. Headwinds due to consecutive economic shocks in recent years, including the Easter Sunday attacks in 2019, the outbreak of COVID-19 in 2020, and its protracted impact on activity in the aftermath in 2021, the socioeconomic and political crisis in 2022 amidst catastrophic balance of payments (BOP)…
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