Indian fabric is gaining ground in the Sri Lankan textile market as imports from India are increasing in the island country compared to Chinese supplies. Sri Lanka’s fabric imports from India are witnessing an upward trend as they jumped by more than fifty per cent in four years, but its import from China remained almost…
Former U.S. Secretary of State Henry Kissinger (99 years) was a key figure building bilateral bonds between USA & China during Nixon administration in the early 1970s. That was a win-win as US gained access to China’s mega markets & China got the opportunity to expand its international presence. Addressing the annual New Year gala…
Agriculture rich diversified conglomerate CIC Holdings PLC has delivered a phenomenal performance at the end of the third quarter of the financial year 2022/23 to post the highest ever profit after tax of Rs. 8.3 billion up 158% from a year ago. The group also witnessed its turnover reach a record high of Rs. 52…
DIMO, a leading diversified conglomerate in Sri Lanka, recently introduced its calendar for the year 2023 which showcases a plethora of unique roads found across the country. It not only depicts the beauty of the island, but also symbolises the many avenues of life itself. Sri Lankan roads, pathways and highways whether narrow or broad,…
Unilever Sri Lanka took home the category award for Best Performance in fostering Employee Relations at the recent Best Corporate Citizen Sustainability Awards 2022. The award was conferred on Unilever by the Ceylon Chamber of Commerce in recognition of the company’s best-in-class Employee Agenda and People Practices in employee engagement, training & career development, wellbeing,…
MAS Amity Pte. Ltd., a subsidiary of MAS Holdings, signed a Joint Venture Agreement with Tata Group’s Trent Ltd, setting up an entity in India for the joint development of business into intimate wear and other apparel related products. Over time, MAS and Trent would pool their domain expertise to undertake design, development and manufacturing…
Reuters – Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour. The island nation of 22 million people has grappled with challenges…
During a meeting held between President Ranil Wickremesinghe and India’s Minister of External Affairs Dr S. Jaishankar, it was agreed upon to implement a joint program between Sri Lanka and India. President Ranil Wickremesinghe warmly welcomed the Indian External Affairs Minister at the Presidential Secretariat this morning (20) where the duo engaged in cordial discussions….
Port City Colombo (PCC) recently welcomed a delegation of senior representatives from the Thai-Sri Lanka Chamber of Commerce, the Sri Lanka-Thailand Business Council and the Embassy of Iran. The objective of the visit was to explore potential opportunities for foreign direct investment within the project. Delegation was led by Mr. Akram Saroof – President of…
COLOMBO, Jan 20 (Reuters) – India has told Sri Lanka it is committed to boost investment in its debt-ridden neighbour, to help pull the island nation from its worst economic crisis in seven decades, Foreign Minister Subrahmanyam Jaishankar said during a visit to Colombo. The country of 22 million has grappled with challenges over the…
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