The newly arrived U.S. Ambassador to Sri Lanka, HE Julie J. Chung, met with the Board of Directors of the American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka) on the 16th of March 2022. Ambassador Chung was welcomed by the Office Bearers and visited the AmCham Secretariat located at the Cinnamon Lakeside…
According to the exchange rates published by the licensed commercial banks today (23), the selling rate of US dollar is close to Rs. 300, several banks said. Following is the selling rate of US dollar per LKR today (23) according to the daily exchange rates of several licensed commercial banks in Sri Lanka. BOC –…
Licenses worsen corruption and pave the way for racketeering Extraordinary Gazette No 2270/18 of March 2022, imposes import restrictions on 367 goods determined as “non-essential” by the Ministry of Finance. These can now only be imported under a license issued by the controller general of imports and exports control. This move tightens already existing import…
The Raid Amazones 2022, the largest Sports Tourism event to be held in Sri Lanka after the Covid -19 pandemic successfully concluded on a positive and successful note creating exiting experiences and memories for both participants and the audience to take back home, and spread the message of the destination as a safe and a…
The Chairman of the Ceylon Chamber of Commerce Mr. Vish Govindasamy thanked the Government and the people of India for coming to Sri Lanka’s aid in its time of urgent need, at an event aimed at increasing trade and investment and strengthening relations between the two countries. ‘For considering the urgent need of the people…
COLOMBO, March 22 (Reuters) – Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund (IMF) on the country’s economic crisis, a top official said on Tuesday. The island’s currency reserves have slumped 70% in the last two years to $2.31 billion…
Says CEAT Secura Drive SUV 215/55 R17 offers Honda Vezel and other SUV owners a viable alternative to imported radials CEAT Kelani Holdings has taken its radial tyre manufacture to a new paradigm with the launch of the first of a range of high-performance 17-inch tyres for medium-sized SUVs like the Honda Vezel, a popular…
By: Dr Pulasthi Gunawardhana Senior Lecturer, Faculty of Technology, University of Sri Jayewardenepura In modern society Innovation and Entrepreneurship are crucial for long-term economic development. In recent years, the progress of Information and Communication Technology (ICT) has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows…
One of the oldest and largest friendship societies in Sri Lanka, the Sri Lanka India Society (SLIS) was established in 1949 with the focus on promoting the development and elevation of social and cultural relations and friendship between Sri Lankan and India. The society’s mission to strengthen neighbouring ties is fortified via many events and…
A business networking event organised recently by the Sri Lanka – Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber of Commerce facilitated opportunities to enhance bilateral trade between Sri Lanka and Thailand. Attended by His Excellency Poj Harnpol, Ambassador of Thailand to Sri Lanka, the networking event explored opportunities for increasing the volume of…
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