Singer (Sri Lanka) is a key player in the local manufacturing segment with a legacy of more than 6 decades. Singer claims the honors for introducing the world-renowned Singer sewing machines back in 1960s in their own factory at Ratmalana. Since then, Singer has gone from strength to strength in the local manufacturing segment with…
Deputy Chief of Mission (DCM) of the U.S. Embassy Doug Sonnek paid a courtesy visit to Board of Investment (BOI) Chairman Raja Edirisuriya on Monday (26) where the discussions revolved around the BOI’s efforts to attract Foreign Direct Investment and boost exports, which are critical to Sri Lanka’s economic recovery. The duo also discussed structural…
Consequent to the request made by the Embassy of Sri Lanka in Washington, D.C., and under the purview of His Excellency Ambassador Mahinda Samarasinghe, HOPE worldwide, a leading international humanitarian organization in the United States, has facilitated a generous in-kind donation of urgent medicinal supplies worth $2,740,498.32 USD, an estimate of 1,017,958,100.964 LKR to the people of Sri Lanka. In response to serving the materially poor, sick and suffering…
India’s Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan. After founding the group in 1988 as a commodities trading business, the 60-year-old has ventured into multiple…
LONDON, Sept 28 (Reuters) – The Bank of England said on Wednesday that it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets, and added that it would postpone next week’s start of its gilt sale programme. “Were dysfunction in this market to continue or worsen,…
The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis. BBC – In an unusually outspoken statement, the IMF said the proposal was likely to increase inequality and add to pressures pushing up prices. Markets have already raised…
Meta, formerly known as the Facebook company, is expanding its annual Marketing Summit tomorrow, 29 September, to more countries in Asia Pacific, including Sri Lanka. The Summit will bring together global and regional leaders to explore and discuss technologies and trends impacting our businesses today. The theme for this year’s Marketing Summit is ‘Where today…
The global tourism industry is set to bounce back strongly after the post-pandemic speed bump. On World Tourism Day, actors and stakeholders in the industry are taking the next big step in rejuvenating travel, in line with this year’s theme, “Rethinking Tourism”. More importantly, tourism is slated to play a crucial role in the resurrection…
SINGAPORE, Sept 28 (Reuters) – The dollar hit a fresh two-decade peak against a basket of currencies on Wednesday on the back of rising Treasury yields, while sterling languished near a record low on concerns over Britain’s radical tax cuts to spur growth. The U.S. dollar index hit a new high of 114.68 in Asia…
Emphasising the need to create a more business-friendly environment for foreign investors seeking investment opportunities in Sri Lanka, Ambassador of the United States to Sri Lanka Her Excellency Julie Chung hailed the Sri Lanka USA Business Council (SLUSABC) of the Ceylon Chamber of Commerce as a critical voice in advising the Government on how to…
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