Ambassador of Sri Lanka to China, Dr.Palitha Kohona visited the Baowu Steel conglomerate offices in Ma’anshan, Anhui and met with senior management to discuss investment potential in Sri Lanka. Baowu Steel will prepare a feasibility study on making a substantial investment in Hambanthota, Sri Lanka.
As a result of the decision of the Central Bank of Sri Lanka to allow flexibility in the exchange rate, the exchange rate seems to have now reached a level surpassing the level of incentives that was intended to stimulate expatriate workers’ remittances and conversion of export earnings. Accordingly, the current exchange rate provides a higher return…
Port City Colombo is being built on 269 hectares of land reclaimed from the sea and extends Colombo’s central business district. Saliya Wickramasuriya, director general of the Colombo Port City Economic Commission, was upbeat that the growing political alignment with India will benefit the project. NEW DELHI: The Indian subcontinent is the largest target market for the…
History and importance of the Central Expressway Under the directives of Ministry of Highways (MoH), and the purview of the Road Development Authority (RDA), Sri Lanka’s Central Expressway Project (CEP) seeks to link the major cities of Kandy, Dambulla, and Kurunegala to the capital Colombo, based on the National Master Plan for development of land-based…
The “Taxing Menstrual Hygiene Products in Sri Lanka: a policy analysis” study reveals that over 50% of women in Sri Lanka experience period poverty; indicating that 50% of households with women of menstruating age do not report spending any money on sanitary napkins. The study was published through the Assisting Communities in Creating Environmental and…
Holger Seubert, Ambassador of Germany, Olaf Malchow, Deputy Head of Mission / Counsellor and Alexandra Voss , Chief Delegate of German Industry & Commerce in Sri Lanka (AHK) met with Raja Edirisuriya, Chairman BOI and Renuka Weerakone, Director General recently at the BOI.Malintha Gajanayake, Head of Corporate Affairs / Export Promotion (AHK) and Nilupul De…
Russia’s invasion of Ukraine is unacceptable We condemn in the strongest possible terms Russia’s unprovoked, unjust and illegal invasion of Ukraine, a sovereign and democratic state. This outrageous attack is a gross violation of international law, including the UN charter. The world has watched in horror as Russia’s war on Ukraine has caused a catastrophic…
The first-ever visit of a 17 member high-level Omani business delegation to Sri Lanka from the Oman Chamber of Commerce and Industry (OCCI), organized by the Sri Lanka Embassy in Oman from 5 to 9 March 2022, has successfully concluded. The high-level business delegation was led by the Chairman of the OCCI,Eng. Redha Bin Juma…
Soaring oil, dipping foreign reserves jolt $81 billion economy Facing default, island-nation in talks with IMF for bailout Bloomberg – Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by…
SLASSCOM, Sri Lanka’s national chamber for the IT-BPM industry, FITIS, Federation of Information Technology Industry Sri Lanka, and CSSL, the Computer Society of Sri Lanka, congratulated the Government’s recent move to pass the new Personal Data Protection bill, as part of the country’s efforts to move towards a modern digital state and economy, and was…
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