The SriLankan Airlines’ Global Sales Conference came to a successful conclusion having showcased the country’s readiness for tourism to over 150 of the world’s premier travel agents and tour operators during a four-day programme. The conference drew the largest contingent from the international travel trade to Sri Lanka in recent history. The assemblage experienced Sri…
Bloomberg – Sri Lankan dollar bonds advanced to a two-month high as the fiscal reforms announced in this month’s budget spurred hopes of securing an International Monetary Fund bailout. The 7.55% 2030 dollar bond was indicated up about 0.7 cents to 27.9 cents on the dollar on Wednesday, the highest since mid-September. The budget for…
The National Council sub-committee on identifying short- and medium-term programs related to economic stabilization took into discussion regarding the creation of passenger convenience by bringing all the transport services in this country including trains, buses, school vans and taxi services to one digital level. Discussions on the matter was held at the National Council sub-committee…
Nestlé Lanka reaffirms its commitment towards Sri Lanka by investing over Rs. 2 billion in its state-of-the-art factory in Kurunegala by building a new Vacuum Band Dryer. Aimed at expanding the capacity of its manufacturing facility for malted food, this investment further strengthens the company’s efforts of positively impacting Sri Lanka and its people. Having…
As a responsible banking entity that seeks to harness the potential of individuals and businesses in Sri Lanka, Seylan Bank, the Bank with a Heart, has identified SME Exports as a sector with much potential to contribute to the national economy. Acquiring foreign revenue is one of the critical needs at present. While worker remittances…
The Government of Myanmar donated a consignment of urgently required essential medicines and medical supplies worth over USD 1.48 Million to the Government of Sri Lanka, on 21 November 2022. The consignment was officially handed over to the Ambassador of Sri Lanka to Myanmar Janaka Bandara, by the Union Health Minister of Myanmar Dr. Thet…
The Sri Lanka Export Development Board (EDB) in collaboration with the University of Moratuwa, the National Center for Non-Destructive Testing (NCNDT) – Sri Lanka Atomic Energy Board, and Foundry Development and Services Institute (FDSI) successfully completed the workshop on Opto-mechanics and Introduction to Non-destructive Testing Methods at NCNDT premises in Kelaniya on 26th October. The…
Anton, a leading manufacturer in the Sri Lankan PVC industry, water tanks and roofing amongst industrial and consumer sectors, recently made history by introducing its vast product range to the Maldives. Since its establishment in 1958, Anton has pioneered, invented and made large-scale investments in the local industry, thereby vastly contributing to the nation’s economy….
Partnerships with the Private Sector enable development efforts to reach and support a wider network of people, enhancing development benefits, and contribute to achieving a sustainable development pathway in Sri Lanka. In the context of the ongoing socio-economic crisis, creating decent work, building future-oriented skills, spurring innovation, and providing essential infrastructure and affordable goods and…
With reliability and innovation as its primary focus, Hambantota International Port (HIP) is fast gearing to become the most efficient port in the region. Last week the port set a record by reducing 57% operational time in discharging marine fuel cargo of MV Yanbu. HIP also kicked off its first ever dual cargo loading operation at…
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