The Sri Lanka Export Development Board (EDB) signed a memorandum of understanding with the Swiss Import Promotion Programme (SIPPO) which operates under the State Secretariat for Economic Affairs (SECO) of Switzerland on 22nd December 2022. H.E. Dominik Furgler, Ambassador for Switzerland in Sri Lanka and Mr. Suresh D de Mel, Chairman & CE, EDB signed…
On the directions of President Ranil Wickremesinghe, the Government decides to reorganize the existing conventional institutional set-up and newly establish the International Trade Office (ITO) to interconnect all the relevant institutions and synergize their work to obtain maximum output from the external trade sector to the National Economy. Realizing the untapped economic potential of trade…
Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, announced its recently concluded Rs 850mn Rights Issue which saw keen demand, and was successfully oversubscribed and fully allotted. The funds raised from the Rights Issue will infuse fresh capital for adherence with capital adequacy requirements as well as supporting the company’s digitalization drive and business…
President Ranil Wickremesinghe has appointed Dinesh Weerakkody as Chairman of the Board of Investment, the President’s Media Division (PMD) said. Other board members are Dr. Dushny Weerakoon, Chandani Wijewardena and Eraj de Silva, the PMD said. Dinesh Weerakkody is also the Chairman of the Port City Economic Commission of Sri Lanka apart from being an…
The collaboration between the Delegation of the German Industry and Commerce in Sri Lanka (AHK) and the Board of Investment of Sri Lanka successfully concluded bilateral trade discussion at the Katunayake Free Trade Zone recently. The German investor fraternity has been lifelong partners in doing business in Sri Lanka and they proudly claim the status…
The government has focused on bringing in foreign investors to Sri Lanka for climate change mitigation projects. The government’s plan is to bring in foreign investors to achieve the three goals, achieving a 70 percent renewable energy target, achieving carbon neutrality by 2050, and exploring the international market for carbon emission permits A discussion in…
‘’Christmas at Presidential Secretariat 2022’’ is a gala Christmas fest, organized in joint collaboration with The Sri Lanka Army, Sri Lanka Tourism Promotion Bureau, Office of the Chief of Defense staff and the Presidential Secretariat. The opening ceremony of the event was held on the 18th of December under the patronage of Hon. Ranil Wickramasinghe…
President Ranil Wickremesinghe said that an environment will be created for small and medium-scale industrialists to become successful using modern technology and the government is ready to empower the industrialists as the main stakeholders in earning foreign exchange for Sri Lanka. President Wickremesinghe made these remarks at the 21st ‘Achiever Awards 2022’ which was organized…
Issuing the National Consumer Price Index (NCPI), for the month of November 2022, the Director General of Census and Statistics said that headline inflation as measured by the Year-on-Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled as 65.0%. The…
Celebrating the re-opening of the Emirates Lounge in Concourse C, Dubai International Airport – the 7th Dubai lounge to reopen after the pandemic, premium passengers can look forward to an exceptionally comfortable travel experience during the upcoming peak travel period, as more than 30 Emirates Lounges around the world have returned to full service. Located…
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