Visa application volumes grew more than three folds (332.12%) in 2022 compared to 2021 Visa applications from Sri Lanka in 2022 witnessed significant recovery driven by pent-up demand, opening of international borders, and eased COVID protocols. According to VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, visa applications…
Ceylon Electricity Board has successfully acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited on 28th March 2023. The acquiring process was initiated on the latter part of year 2022, in accordance with the terms and condition of the Power Purchase Agreement (PPA). The untiring efforts of the…
The Singapore Tourism Board (STB) and Singapore Airlines (SIA) joined hands to reignite travel amongst trade partner-friends and media in Sri Lanka through a myriad of engagement activities which took place between 29th – 31st March 2023. Built around the theme ‘Deepening Connections, Achieving Together!’, STB and SIA hosted 130 travel agency professionals over two…
In collaboration with the Export Development Board, the Embassy of Sri Lanka in Jakarta organized a virtual meeting on 03 April 2023 to connect M+ Software of Indonesia to Sri Lankan ICT industry associations. The purpose of the meeting is to explore potential collaboration in the ICT industry. At the virtual meeting, Ambassador of Sri…
By Dhananath Fernando I remember a litre of diesel being about Rs. 16 during my school years. I took the bus to school or sometimes, a very old Toyota van. When the bus or van stopped at the filling station, I would watch with curiosity how the filling station attendant pumped fuel. The price was…
Sunshine Holdings (CSE: SUN) announced the appointment of Reyaz Mihular to the Company’s Board as an Independent Non-Executive Director with effect from 06 April, 2023. With the new appointment, the Board of Sunshine Holdings will be comprised of 12 Directors, eight of whom are non-executive, independent directors. Reyaz served as the Managing Partner of KPMG…
The post-IMF scenario may have a positive impact on a better business ecosystem in the country and it is evident that the real estate and construction industry already show signs of acceleration. M/s Keonn Investments (Pvt) Ltd recently entered into an agreement with the Board of Investment of Sri Lanka for their new business venture…
Sri Lanka Skills Expo 2023 will take place at the Sirimavo Bandaranaike Memorial Exhibition Centre (SBMEC) at the BMICH in Colombo on May 12th, 13th, and 14th, 2023. A ground-breaking event aimed at showcasing new and emerging techniques in 5 key sectors and providing opportunities for job seekers to find employment across these industries, the…
Sri Lanka Embassy in Jakarta in collaboration with the Joint Apparel Association Forum of Sri Lanka (JAAF) organized a virtual networking session on 27 March 2023 to achieve a win-win situation for both countries in the apparel sector by sourcing fabric from Indonesia. Representatives from an Indonesian fabric manufacturing company namely PT. Ocean Asia Industry…
Central banks in the larger frontier markets (FM) continue to tighten monetary policy as annual CPI inflation rates climb while others are keeping interest rates elevated despite CPI inflation cooling, as illustrated in Fitch Ratings’ latest Frontier Vision chart pack. FM central banks tightened monetary policy further in 1Q23 with interest rate rises in: Azerbaijan,…
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