The Sri Lanka Export Development Board (EDB), recently signed a Memorandum of Understanding (MOU) with Printcare Digital Solutions Pvt Ltd, one of Sri Lanka’s leading printing and packaging solutions providers. The partnership aims to facilitate the upliftment of exporters by introducing them the most cutting-edge printing and packaging techniques to improve the competitiveness of their…
On 27 January, ultramarathon trail runner Hyun Chang Chung crossed the finish line at the Ceylon Tea Museum in Hanthana, cheered on by new fans from the surrounding local community and his elated family. He had just achieved the superhuman feat of becoming the first person to run the entire 300 km length of The…
Deputy Secretary General and Chief Operating Officer (COO) of the Ceylon Chamber of Commerce Mrs. Alikie Perera has been appointed to the prestigious General Council of the World Chambers Federation (WCF) of the International Chamber of Commerce (ICC). Counting over 30 years of service at the Ceylon Chamber Secretariat, Mrs. Perera is a veteran of…
SLVA urges the government to follow protocol and import eggs strictly from DAP&H-approved nations. As eggs imported from DAP&H-approved countries may come with a higher price point SLVA urges the government to intervene and minimize costs to the consumer. SLVA urges the government to not move forward with policy decisions that may further hamper the…
Tim Draper found an unreceptive audience for his idea Island nation is still trying to calm financial markets Bloomberg – A billionaire cryptocurrency evangelist may have gotten a tougher reception than he expected when proposing widespread adoption of Bitcoin to a bankrupt country. Silicon Valley investor Tim Draper was in Sri Lanka to shoot an…
Sri Lanka’s bondholders have told the International Monetary Fund (IMF) that they are prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the global lender’s program. The Ad Hoc Group of Sri Lanka Bondholders conveyed its stance in a letter directed to IMF Managing Director Kristalina Georgieva…
Cruise ships Artania, Coral Geographer, and The World visited Hambantota International Port (HIP) in January 2023. More than 1000 passengers disembarked to visit popular tourist destinations in the South. Amongst the sights were the Mulkirigala Temple, Ruhuṇu Kataragama Devalaya, Udawalawe National Park, Yala National Park, and the bird park in Hambantota. They also visited the…
ISLAMABAD: The International Monetary Fund (IMF) has rejected the circular debt management plan (CDMP) presented by the government and asked the authorities to raise the electricity tariff by Rs12.50 per unit in order to restrict the additional subsidy at Rs335 billion for the current fiscal year, according to a The News report published Thursday. An IMF mission…
LONDON, Feb 2 (Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters. The informal group of bilateral lenders is set to…
The Central Bank of Sri Lanka (CBSL) issued an uncirculated commemorative coin in the denomination of Rupees 1000 to mark the 75th Independence Day Celebration in the country, which falls on 04.02.2023. This is the 71st commemorative coin that was issued by the Central Bank. The detailed description and specifications of the coin are given…
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