Sri Lanka’s merchandise export sector has shown a notable improvement in 2021 compared to the pandemic-affected 2020. As per the latest Customs data, export earnings have averaged US dollars 985 million during the eight months ending August 2021 compared to a monthly average of US dollars 837 million in 2020, while the average earnings have…
A virtual conference, titled PEOPLE’S ECONOMIC FORUM 2021, will be organized by SANASA International (Pvt) Ltd, on September 29th, 2021. The goal of the Forum is to contribute to refocusing the national development planning discourse of Sri Lanka to the potential of the cooperative sector. This highly interactive event will provide information and working sessions on the…
The Executive Committee of the Palm Oil Industry Association of Sri Lanka (POIASL) hosted the Association’s 3rd Annual General Meeting (AGM), on the 31st of August 2021 as a virtual event. The POIASL represents all stakeholders, including cultivators, refiners, processors, manufacturers, marketers, and sellers involved in the production of palm oil and related products of…
SriLankan Airlines is among the airlines leading the way in the South Asian region by trialing the International Air Transport Association (IATA) Travel Pass commencing 01st October 2021 with selected sectors. This marks another initiative of SriLankan Airlines to create a touchless passenger journey in keeping with the airline’s vision ‘To be Asia’s most customer-centric…
Reuters – Sri Lanka’s preferential trade access to the European Union, which is the biggest market for its $5 billion apparel industry, is in doubt with an investigation into the island country’s human rights and governance concerns set to start on Monday. The European Parliament in mid-June adopted a resolution inviting the EU to consider…
The Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka, His Excellency Tareq Md Ariful Islam Friday (24), to discuss strengthening of economic ties and greater utilization of the Colombo Port for Bangladesh exports.
SHANGHAI, Sept 24 (Reuters) – China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten Chinese government agencies, including the central bank as well as banking, securities and foreign exchange regulators, said…
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. Mr. Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017. Mr. Seneviratne was a Founder/Director of Asia Capital…
Huawei’s annual flagship event for the global ICT industry – HUAWEI CONNECT 2021 – kicked off today. Huawei Rotating Chairman Eric Xu opened the event with a keynote speech titled “Innovating Nonstop for Faster Digitalization”. This year’s event, themed “Dive into Digital”, explores how digital technology can better integrate with business scenarios and industry know-how…
Shortly after a group of investors, led by the Private Equity firm Herkules’ “Deal-by-Deal” team, invested in 99x, they have now completed the transaction to purchase Seeds Consulting AS. Led by founders and owners Jo Henrik Endrerud and Steinar Magnussen, Seeds Consulting has proven expertise in the development of digital solutions with multiple public sector…
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