The latest milestone in Sri Lanka’s tea auction history, where the Colombo Tea Traders Association (CTTA) upgraded its online platform to a more integrated state-of-the-art e-Auction platform, is spearheaded by OKLO – a leading Sri Lankan technology partner. OKLO embarked on an R&D project in 2019 to develop a robust and technologically advance Commodity e-Auction…
SJB, MP Eran Wickramaratne stated that the policy statement delivered by President on January 18th, failed to provide solutions to the crises faced by the country. The crises with regard to economic management and governance has gone beyond the control of the government subjecting the entire masses to severe hardships without essential goods and services….
JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, re-confirmed the firm’s commitment to its Initial Public Offering (IPO) investment priorities with the commencement of the construction of its state-of-the-art R&D centre adjoining its Head Office premises, located in Thalawathugoda. A groundbreaking ceremony was held on the 19th of January 2022. As per…
– D.V. Chanaka, State Minister of Aviation and Export Zones Development State Minister of Aviation and Export Zones Development, DV Chanaka has stated that the current fuel crisis in the energy sector will not affect SriLankan Airlines or the aviation services of this country. SriLankan Airlines already has enough fuel reserves for the next one…
By Asanka Wijesinghe and Chathurrdhika Yogarajah Despite enhanced trade partnerships in South Asia, intra-regional trade is far from reaching its theoretical potential. Similar production patterns and competitive sectors can be the causes. However, bilateral discussions to further lower trade costs continue. The ongoing Bangladesh-Sri Lanka discussions on a preferential trade agreement (PTA) will benefit from…
NEW DELHI: The economic roadmap charted by India and Sri Lanka, which has seen a slew of measures by the former to mitigate its island neighbour’s mounting debt crisis, will help address the trust deficit between the 2 countries and also render “peripheral” concerns over Chinese activities in the country, Lankan high commissioner Milinda Moragoda said Wednesday. Talking…
Economic activity is expected to record a gradual recovery following a temporary setback As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is estimated to have contracted by 1.5 per cent,…
Marina Promenade, the latest must-see sight Nearly 90,000 visitors flocked to the Port City Marina Promenade since its opening on January 10, making it the latest must-see sight in Colombo. As crowds draw to the new landscape, queues were seen forming outside the gates open from the Galle Face side, displaying great enthusiasm from the…
CNN Business – Major international airlines are scrambling to modify or cancel flights to the United States amid uncertainty about potential interference between new 5G cell phone services and critical airplane technologies. Emirates, Air India, All Nippon Airways, Japan Airlines and Lufthansa all announced service cuts citing the issue. Emirates said it would suspend flights into nine US…
The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia – recently honoured inspiring professional and career women in Sri Lanka and Maldives making a mark in their respective fields. The 11th edition of the…
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