Reuters – Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka’s cabinet spokesperson said on Tuesday, as part of an effort to expand trade as it emerges from economic turmoil. The island nation secured a nearly $3 billion International Monetary Fund bailout in March…
Dr. Ramesh Pathirana, Minister of Plantation Industries and Minister of Industries, stated that action will be taken to establish an Agriculture and Plantation Research University by merging all institutions connected to the plantation industry and agriculture sector, as per President Ranil Wickremesinghe’s concept. The fundamental draft related to this has already been prepared, the Minister…
Govt. aims to draw 5 million tourists. Culinary tourism to play the key role. Govt. to start a Culinary School. Merrill. J. Fernando made a significant contribution to the tourism industry -President. President Ranil Wickremesinghe announced that the government will be unveiling a new tourist plan called ‘Visit Sri Lanka’ that will be released in…
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Hon. Minister of Finance has issued Orders under Section 22 of the Foreign Exchange Act, No. 12 of 2017 (FEA) since 02.04.2020, to temporarily suspend/limit…
Coca-Cola India announced the appointment of Ajay Vijay Bathija, as Vice President of Franchise Operations for Southwest Asia (SWA). Ajay’s extensive career journey with The Coca-Cola Company spans nearly 24 years and encompasses a distinct combination of marketing and franchise expertise. In 1999, Ajay embarked on his professional journey with the Hindustan Coca-Cola Beverages Pvt….
Ceylinco Life has been ranked the most valuable brand in Sri Lanka’s insurance industry across both Life and General Insurance categories in the 2023 rankings of the country’s top 100 brands published by Brand Finance, the world’s leading independent brand valuation consultancy. Brand Finance has assigned a brand value of Rs 3.5 billion for the…
Under the current FTA, Sri Lanka is permitted to export 8 million pieces of ready-made apparel to India without applicable duties. The JAAF (Joint Apparel Association Forum), the apex body of Sri Lanka apparel is hopeful to move beyond this quota, as FTAs carry the propensity to offer immense trade opportunities for both countries. As…
Witness the Spectacle Yourself – Buy Your Tickets Now! The stage is set for an extraordinary showcase of Sri Lankan hospitality as Citrus Waskaduwa gears up to host the historic Grand Finale of the Miss World Tourism Pageant on the 29th of July 2023, organized by the Miss World Tourism. This prestigious event aims to…
The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & Jewellery traders more competitive and simplifying policy measures during the 7th Advisory Committee Meeting held recently. The renowned China Fort Gem Market located in Beruwala and Rathnapura are considered as bustling marketplaces…
The Sri Lankan government’s debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, Fitch Ratings says. Fitch expects pressure on insurers’ investment and capital profiles to ease as the proposed plan will not have direct impact on the local-currency government debt holdings of insurers, banks and non-banking financial institutions. Nonetheless,…
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