Today the European Union (EU) handed over the Geographical Indication (GI) certification to Ceylon Cinnamon, Sri Lanka’s first GI-certified product. An official ceremony took place between the EU Delegation to Sri Lanka and the Sri Lanka Export Development Board (EDB). The GI application was made by Sri Lanka Export Development Board (EDB) and supported by…
Bloomberg – Sri Lanka stocks rallied, marking their first day of gains since April 5, after the World Bank said it will allocate funds to ease the nation’s economic crisis. The Colombo All-Share Index ended 6.8% higher, after losing about 15% in the past two days. The bluechip S&P Sri Lanka 20 Index surged 14%….
The John De Silva Memorial Theatre, a Colombo landmark built in 1974 as a tribute to the playwright credited with the rise of Sinhala historical drama at the turn of the 20th century, is to be given a new lease of life via a comprehensive refurbishment entrusted to Sierra Construction Limited, a pioneer in its…
The Embassy of Sri Lanka in Brussels conducted a workshop titled “COCONUT WONDER – Truly Sri Lankan” to promote export of Sri Lankan coconut kernel products to Belgium, on 21 April 2022. The Sri Lanka Export Development Board (EDB), Ceylon Chamber of Commerce and Federation Chamber of Commerce and Industries coordinated the participation of the exporters of…
The Commercial Bank of Ceylon has been ranked the ‘Strongest Bank Brand’ in Sri Lanka for the third consecutive year in the 2022 report on the country’s most valuable and strongest brands by Brand Finance, the world’s leading independent brand valuation consultancy. The Commercial Bank brand also moved up the value ranking to be the…
Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The entities are: Finance and Leasing Companies: – Bimputh Finance PLC (Bimputh) – CBC Finance LTD (CBCF) – Central Finance Company PLC (CF) – Fintrex Finance Limited (Fintrex) – HNB Finance PLC (HNBF) –…
Latest Community Guidelines Enforcement Report highlights strides made in maintaining the platform as a safe and welcoming space 94.1% of videos were removed within 24 hours of being posted for violating Community Guidelines, 95.2% were removed before a user reported them and 90.1% were removed before the videos had any views The world’s leading short-form…
A discussion organized by the Parliamentary Committee on Public Finance on “How to overcome the prevailing Economic Crisis in Sri Lanka” will be held on the 27th April 2022. Accordingly, the discussion has been scheduled for the 27th of April at 2.30 p.m. at Committee Room No.1 and is organized by the Parliamentary Committee on…
Op-Ed by UNICEF Sri Lanka Article 3(1) of the United Nations Convention on the Rights of the Child (CRC) states that, “ln all actions concerning children the best interest of the child shall be a primary consideration” This simply means that when adults make decisions, they should think about how their decisions will affect children….
“At this unprecedented and turbulent period in the history of our nation, as a truly Sri Lankan enterprise that evolved with inspiring goodness for over seven decades, our heartfelt thoughts and prayers are with fellow Sri Lankan consumers and stakeholders, who are experiencing untold hardships due to unsustainable macro-economic conditions. We also note with quiet…
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