Foreign Minister Ali Sabry Tuesday, 2 May, met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB. The Minister expressed Sri Lanka’s gratitude for the excellent partnership and cooperation extended by the Asian Development Bank during a challenging period for Sri Lanka…
Finlays, a leading global supplier of tea, coffee and botanical ingredients and solutions, has reached an agreement to sell its James Finlay Kenya tea estates business to Browns Investments PLC. The sale, which will be completed over the coming months, will include all parts of James Finlay Kenya Ltd except the Saosa tea extraction facility….
By Prof. Samitha Hettige The Belt and Road Initiative (BRI) is China’s logistics network for international trade. Since opening up in 1979, China focused on developing the national economy and decided to invest the trade surplus outside China. It is referred to as economic dual circulation. As a result, China has developed trade and social…
Statement of Financial Performances Net Interest Income (NII) of the Bank for the three months ended 31 March 2023 stood at LKR 11.4 Bn with an impressive growth of 67.98% in the period under review. Interest income increased by 116.87% amounting to LKR 28.9 Bn and Interest expenses increased by 167.62% amounting to LKR 17.5…
Continuing his engagement with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Chairman of the Jindal Steel and Power Limited, Naveen Jindal on 28 April 2023 in New Delhi. The discussion between High Commissioner Moragoda and Chairman Jindal was centred around the investment opportunities in Sri Lanka….
Sri Lanka Tourism marked another milestone in its promotional activities through hosting the official book launch of ‘’An Island’s Eleven – a book written by British sports media journalist Nicholas Brookes, as a result of his thorough research of Sri Lanka Cricket.The book has won prestigious ‘Cricket Society and MCC Book of the Year award…
Service providers must be given golden opportunities to monetise infrastructure investment to further propel the country’s economic growth. Introduction of Independent and empowered mobile tower companies (TowerCos) could unlock nearly USD 1 Billion in foreign direct investment over the next five years and provide connectivity to five million under-connected Sri Lankans, opines Gayan Koralage, Director…
Moose Clothing Company has made yet another commendable move to expand the global footprint of the brand through their latest partnership with the well-known retail giant – Mustafa Center in Singapore. Mustafa center is an iconic landmark in little India Singapore, and a favorite place of many tourists. The shopping center offers 24-hour market style…
Reuters – Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt, the government said on Wednesday. The deal to restructure Suriname’s two outstanding dollar-denominated bonds includes a single, $650 million 10-year bond with a 7.95% interest rate, amounting to a 25% “haircut on the total recognized claims,”…
The Governing Council of the President’s Fund met at the Presidential Secretariat under the patronage of President Ranil Wickremesinghe, marking the first meeting after a four-year hiatus. The council is comprised of seven members, including the President, the Prime Minister, the Speaker, the Leader of the Opposition, the President’s Secretary, and two members appointed by…
