BCD Meetings & Events India, one of the leading global MICE (Meetings, Incentives, Conferences and Exhibitions) operators together with Aitken Spence Travels, the leading tourism company in Sri Lanka, recently hosted a group of 750 esteemed visitors from Lupin, a renowned global pharmaceutical company headquartered in India. The group recently arrived in Sri Lanka to…
The Sri Lanka Banks’ Association (SLBA) represents all of the licensed banks in Sri Lanka and underpins all sectors of the economy. The banking sector is the main mechanism through which the Central Bank of Sri Lanka (CBSL) implements monetary policy influencing the financial markets. Stability of the banking system is critical for the national…
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy of consolidation paving the way for future growth. For the fourth quarter, Expolanka achieved a Revenue of Rs. 55.1Bn, Gross Profit of Rs. 19.3Bn, and Operating Profit of Rs. 1.08Bn. However, the appreciation…
During a recent discussion at the President’s Office, President Ranil Wickremesinghe commented on the potential for Artificial Intelligence (AI) technology to contribute to the country’s development. He instructed officials from the Ministry of Technology to form a presidential task force comprising AI experts and prepare a concept paper to promote AI usage in the country….
The ‘Women Plus Bazaar 2023’ exhibition organized for the first time with the aim of empowering Sri Lankan women was declared open by President Ranil Wickremesinghe at Shangri-La Hotel in Colombo Sunday (30). The exhibition was organized by the Embassy of the Arab Republic of Egypt in Colombo, the Colombo Municipal Council, the Ministry of…
After several years of hiatus, the Galle Literary Festival is set to make a grand return, thanks to the directive from President Ranil Wickremesinghe. With a focus on promoting the tourism industry, a series of programs featuring various art forms will be held in the areas of Galle, Matara, Ahangama, and Hikkaduwa in January 2024….
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decreased to 35.3% in April 2023 from 50.3% in March 2023. The lower level of realised inflation compared to the projections made, was mainly due to higher than expected price decreases observed in Volatile Food and Non-Food items….
LAUGFS Holdings Limited, one of Sri Lanka’s largest diversified conglomerates with a portfolio of over 20 businesses spanning multiple industries, and the only Sri Lankan company with its own lubricant blending license, under LAUGFS Lubricants, a brand known locally and internationally, recently ventured into international market to expand its service offering to the Maldives as…
LONDON/NEW YORK, April 28 (Reuters) – Sudan’s eruption into conflict has left international consumer goods makers racing to shore up supplies of gum arabic, one of the country’s most sought-after products and a key ingredient in everything from fizzy drinks to candy and cosmetics. About 70% of the world’s supply of gum arabic, for which there are…
Reuters – Sri Lanka’s economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades. The central bank projected Sri Lanka’s economy would grow by 3.3% in 2024, according to the report. The economy…
