Supporting the capacity development and growth of the Small and Medium Enterprises sector, the Ceylon Chamber of Commerce recently held a series of workshops to facilitate SMEs’ entry into international markets. The Enterprise Transformation and Market Access (ET&MA) programme, developed and conducted by the Ceylon Chamber’s Centre for SMEs together with VSSL Global, offers mentorship,…
Reuters – The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday. Sri Lanka entered into a staff level agreement with the global lender last September but needs…
Sri Lanka High Commissioner in Bangladesh Prof. Sudharshan Seneviratne accompanied by First Secretary/Commerce Srimali Jayarathne held a meeting with the newly appointed President of the Dhaka Chamber of Commerce and Industry (DCCI) Sameer Sattar on 29 January 2023 at the DCCI office in Dhaka. DCCI President Sameer Sattar appreciated the positive growth of bilateral economic cooperation between the…
MAS Holdings, South Asia’s largest apparel tech manufacturer, has once again partnered with Sri Lanka Cricket (SLC) as the official clothing sponsor for the women’s cricket team for the ICC Women’s T20 World Cup 2023, scheduled to be held in South Africa in February. MAS first started making jerseys for the women’s cricket team in…
BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip to 15th on Forbes…
The latest BOI-approved expansion project worth USD 12.5 Mn of Diamond Cutters Ltd, Lanka’s highest export earner in the Gem and Jewelry segment and a subsidiary of Niru Group of Companies, was recently unveiled at the Modarawila Industrial Zone, Panadura under the patronage of Indian High Commissioner Gopal Baglay, BOI Director General Renuka M Weerakone…
Workers’ remittances in 2022 amounted to US dollars 3,789 million, in comparison to US dollars 5,491 million in 2021, recording a decline of 31.0 per cent, though a notable recovery was witnessed during the latter part of the year. Meanwhile, workers’ remittances increased to US dollars 476 million during December 2022, in comparison to US…
Highlights Earnings from exports remained resilient during 2022 recording the highest ever exports, while expenditure on imports declined significantly in 2022, compared to 2021. Merchandise trade deficit recorded the lowest in 2022, since 2010. Foreign investments in the government securities market and Colombo Stock Exchange (CSE) recorded a notable net inflow during 2022 compared to…
A high-level business Delegation from the Sverdlovsk Regional Government of Russian Federation visited Sri Lanka for a three-day programme from 23rd to 26th January 2023. Mr. Vladimir Smirnov, Honorary Consul of Sri Lanka in Sverdlovsk Region led the Business delegation which included prominent business leaders from the Region. The Sri Lanka Export Development Board (EDB),…
U.S. Under-Secretary for Political Affairs, Victoria Nuland, who is currently on an official visit to Sri Lanka, expressed her Government’s support for the on-going recovery efforts in the country. This was revealed during a meeting with President Ranil Wickremesinghe at the Presidential Secretariat this morning (1). During the discussions President Wickremesinghe extended his appreciation for…
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