Ministry of External Affairs spokesperson Arindam Bagchi said, “We have been following these developments for some time but our understating is that India is still the largest source of tourists for Sri Lanka.” NDTV (New Delhi): At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday…
The Asian Mountain Tourism Alliance held its sixth summit in Guiyang, Guizhou, China, on 17 -18 August 2022. The summit showcased a range of products especially handicrafts from the province and was graced by high level officials from the central, provincial and city Governments and diplomatic and business representatives. In his presentation, the Ambassador of…
Digital transformation and innovation that sees opportunity in turbulence in order to attain resilience and growth, were among key themes that were explored at the National SME Forum 2022 organised recently by the Ceylon Chamber of Commerce. Conducted under the theme of ‘Way Forward for SMEs to Navigate Through the Crisis’, the second edition of…
(Reuters) – Japan is seeking to organise a Sri Lanka creditors’ conference, hoping it could help solve the South Asia nation’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said. Tokyo is open to hosting talks among all the creditor nations aimed at lifting Colombo from…
Acting Secretary General of Parliament Ms. Kushani Rohanadheera has informed all Members of Parliament to participate for the special program conducted by the Governor of the Central Bank on “Sri Lanka’s current economic situation and way forward.” Organized as per the instructions of Hon. Mahinda Yapa Abeywardena, Speaker of Parliament, this interactive discussion is scheduled…
(Reuters) – Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 45 cents, or 0.4%, to $101.67 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude was up…
Corruption has been identified as a root cause of the current political and economic crisis in Sri Lanka by several analysts. It exists at the business, public, and government levels and needs to be addressed in the national search for solutions to the present crisis with a view to ensuring the country’s economic recovery and…
Nine Sri Lankan apparel exporting companies participated at an apparel sourcing trade fair; ‘Magic Las Vegas’ which was held at the Convention Center of Las Vegas, USA, from 7 – 10 August 2022. The companies successfully capitalized the numerous business opportunities created at the event accessing the United States and North and South American markets. This…
Morison Ltd., a pioneer in pharmaceutical manufacturing in Sri Lanka (formerly known as J.L. Morison’s Son & Jones (Ceylon) PLC), commenced manufacturing of Bisoprolol tablets B.P. 5mg 250s, Ros-10 (Rosuvastatin tablets I.P. 10mg 30s blister), and ChlorMor (Chlorphenamine tablets B.P. 4mg 100s blister) recently. This marks a milestone in the local pharmaceutical industry, as these high-in-demand…
Reuters – A team from the International Monetary Fund (IMF) will meet Sri Lanka’s president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation’s worst financial crisis in more than seven decades. The second such IMF visit in three months comes as the Indian Ocean…
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