Marking a major step in one of South Asia’s most transformative development projects, Singapore-owned omnichannel retailer, One World Duty Free, and Port City Colombo have signed two agreements to operate Sri Lanka’s first-ever downtown duty-free store. One World Duty Free (ODF) and the Colombo Port City Economic Commission (Commission) have taken a pivotal step in…
Rakhil Fernando, Managing Director of Daraz Sri Lanka, has been appointed as Chief Corporate Affairs Officer of the Daraz Group, headquartered in Singapore, with effect from 1 June 2023. This announcement follows the successful completion of Rakhil’s tenure as the Managing Director of Daraz Sri Lanka. Throughout his leadership, the organisation saw tremendous expansion, and…
By The Joint Apparel Association Forum On March 20th 2023, the International Monetary Fund’s (IMF) Executive Board approved a four-year Extended Fund Facility (EFF) arrangement for Sri Lanka amounting to USD 2.9 billion. This was post the agreements with China and India – Sri Lanka’s biggest lenders for additional financial assistance and the first steps…
Two thousand two hundred passengers arrived at the Hambantota International Port (HIP) Thursday (18), on board cruise liner, Mein Schiff 5. The vessel is on a 60 day cruise from Hong Kong to Heraklion in Greece, visiting several ports in Japan, South Korea, Taiwan, Vietnam, Thailand, Singapore, Sri Lanka, Oman, Jordan and Egypt in between. The…
SriLankan Airlines has launched a loyalty programme with a host of benefits for foreign employment agencies. Foreign employment agencies are a crucial intermediary, often making travel choices on behalf of migrant workers who rely on them to take care of their travel requirements. A segment generating multiple millions of dollars in revenue annually, SriLankan has a…
The World Health Organization today commended Sri Lanka for enacting a legislation on trans-fat to protect health and prevent premature deaths from coronary heart disease. “Eliminating trans-fats from food supplies is a cost-effective measure with enormous health benefits. By enacting legislation on trans-fat, Sri Lanka has once again demonstrated its resolve to protect and promote…
The Embassy of Sri Lanka in Iran celebrated the International Tea Day in Tehran on 21 May 2023 together with a Mobile Promotion Event of Ceylon Tea. The Event was arranged in collaboration with the Sri Lanka Tea Board and Iranian Tea Research & Development Expert and Social Media Activist Hassan Afshari. The function focused to raise…
Ambassador of Sri Lanka to Indonesia, Admiral Professor Jayanath Colombage had a luncheon meeting with the representatives of the Indonesian Chamber of Commerce and Industry (KADIN) on 19 May 2023 in order to pursue trade and investment opportunities for Sri Lanka. During the meeting, the Ambassador made awareness on Sri Lankan trade products that can…
Transformation and the creation of new business models leveraging digital disruption was the focus of the second edition of the Commercial Bank of Ceylon’s Leadership Readiness Forum (LRF), one of the elements of the Bank’s ongoing Middle Management Development Programme. More than 140 members of the Bank’s middle management attended the forum while another 100…
Pelwatte Dairy, the leading local dairy brand in Sri Lanka that produces a range of dairy products and saves valuable foreign exchange, has unveiled its new corporate office in Colombo 3. Pelwatte Dairy’s new corporate home is located at one of the most central and highly accessible locations along the well-known Galle Road within the…
