Three Sri Lankan companies namely PT Expo Freight-EFL, PT Advantis Akaza, and Hayleys Aventura (Pvt) Ltd. promoted their products and services at a stall organized by the Embassy of Sri Lanka in Jakarta, at the exhibition “Muslim Life Trade 2022”. This exhibition was held from 26 -28 August 2022 at the Indonesia Convention Exhibition (ICE) BSD, Tangerang,…
Bloomberg – Sri Lanka is contending with a high risk of default on its local currency bonds as it seeks to reduce debt, key to winning financing from the International Monetary Fund to bring relief to the crisis-hit island. Fitch Ratings’s ‘CCC’ rating on long-term local currency debt that was affirmed in May “reflects a…
Friedrich Naumann Foundation for freedom Sri Lanka (FNF) and JAAR Corporate Solutions launched a report on ‘Public Private Partnership Model for CPC: An analysis of Opportunities and Challenges at a special event held in Colombo. This report stresses the importance of public-private partnership (PPP) in the energy sector in Sri Lanka. The report highlights the…
The opening ceremony of the Stoma Clinic Extension and new wing of the Gastroenterology Clinic at the Lady Ridgeway Hospital for Children was held today. The stoma care clinic is affiliated with the gastroenterology unit of the hospital. The duo form Sri Lanka’s first and only paediatric stoma clinic and paediatric gastroenterology unit. Originally established…
Currently, LAN and the Angel Fund is enabling Chakra Suthra, Mintpay and Magicbit to scale both within Sri Lanka and abroad Sri Lanka’s first Angel Fund completed funding rounds for Chakra Suthra and Mintpay as of its most recent operational quarter. Further, the Fund aided a third startup, Magicbit, in growing its team and setting…
SLASSCOM and the Lankan Angel Network have signed a Memorandum of Understanding (MOU) to collaborate in assisting start-ups and entrepreneurs in Sri Lanka’s tech sector to secure funding. As a result of this partnership, Sri Lanka will directly benefit in terms of an increase in the levels of demand and supply for knowledge workers, growth…
The Digital Marketing Association of Sri Lanka (DMASL) has partnered with the Ministry of Tourism to provide consultation and insight on digital marketing to promote tourism in Sri Lanka. The partnership aims to assist the Tourism Ministry to revitalize and enhance the tourism industry by maximizing its reach and results through digital marketing, which in…
Making impactful strides in the space of sexual and reproductive health education, the Family Planning Association (FPA) launched ‘Ask Sri!’, a friendly chatbot answering common questions around sexual health and wellbeing. In Sri Lanka, effective sex education and youth-friendly accessible counselling services are significantly lacking in quantity and quality to serve the unmet needs of…
Softlogic Holdings PLC announced the launch of its newest retail development – ‘ODEL Mall Kandy’, on September 2, 2022. The 91,414 sq ft retail development is poised to be Kandy’s most sought-after state-of-the-art, premium lifestyle shopping destination situated at the heart of Sri Lanka’s hill capital. Located at No. 377, Sirimavo Bandaranaike Mawatha, Peradeniya Road,…
Clarification on the recent media articles on the loss-making State-Owned Enterprises of Sri Lanka. We refer to the recent news items, news articles and posts shared in mass media and social media on the above matter. We have observed that those news items state that 05 main state-owned enterprises (SOE) incur a total daily loss…
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