Brand new SENARO GN 125 motorcycles were donated to the President’s Office this morning (15). The assembly of these bikes followed the Standard Operating Procedure (SOP) that was introduced by the Ministry of Industry for manufacturing, assembling, and producing vehicle components in Sri Lanka. President Ranil Wickremesinghe was officially given the keys and accompanying documents…
Reuters – Credit Suisse (CSGN.S) lost almost a quarter of its value on Wednesday, dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance. “We cannot, because we would go above 10%. It’s a regulatory issue,” Saudi National Bank (1180.SE) chairman Ammar Al Khudairy said on Wednesday. The…
The Commercial Bank of Ceylon has stepped up to the crease to support Sri Lanka Cricket as the Official Inbound Sponsor for the ODI and T20 matches of Sri Lanka’s ongoing tour of New Zealand. “Cricket is the most followed sport in Sri Lanka and almost everyone in Sri Lanka is passionate about the national…
On 14th March 2023, the UK government held a series of events in Colombo for their new trade preferences scheme – the Developing Country Trading Scheme (DCTS), which will launch this year. Speaking at an event, the British High Commissioner Sarah Hulton OBE said: The UK’s new Developing Countries Trading Scheme provides Sri Lankan and…
The Embassy of Sri Lanka in Jakarta promoted tourism to Sri Lanka at Sirul’s Anniversary celebration on 11 March 2023 at the Grand Sahid Jaya Hotel in Indonesia with the participation of approximately 100 Indonesian tour operators. The event was organized by PT Sirul Tour & Travel with the theme “Seminar Arrangement Tour; International, Domestic, Umrah…
The second round of the Investor Facilitation Coordinating Committee Meeting chaired by Investment Promotion State Minister Dilum Amunugama concluded recently at the Investor Facilitation Centre (IFC), where the State Minister stepped in to iron out concerns raised by investors pertaining to seeking approvals for investment projects. During the meeting, the issues faced by four BOI…
(Bloomberg) — Sri Lanka’s economic contraction probably worsened last quarter as borrowing costs at a two-decade high to quell Asia’s fastest inflation took its toll on a nation chasing a $2.9 billion bailout. Gross domestic product fell 13.4% in the three months to December from a year ago, according to a median estimate of economists…
In an open letter to Sri Lanka’s official bilateral creditors and the Paris Club creditors, President Ranil Wickremesinghe has requested to foster the coordination required for the International Monetary Fund (IMF) supported programme. The President has also assured transparency and regular reporting on Sri Lanka’s indebtedness in the letter, President Wickremesinghe has praised…
Minister of Urban Development and Housing Hon. Prasanna Ranatunga instructed the Ministry Secretary recently (10) at the Ministerial Consultative Committee on Urban Development and Housing, to consult with the relevant parties and take a decision regarding the abandoned unfinished buildings in Colombo municipal area. Accordingly, the minister informed to take steps to submit those recommendations…
Hambantota International Port’s (HIP) industrial park will expand its industrial park’s scope to include 90+ diverse industrialized classes within its dedicated free trade zone. Several new categories have been added, including warehousing & logistics, electrical and electronics, mineral products, automobile manufacturing, apparel and textiles, petroleum and oil related products, pharmaceuticals, rubber products, furniture and food…
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