Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 26th November 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa. Chairman & Chief Executive of EDB, Mr. Suresh D. de…
The Hambantota International Port (HIP) recently facilitated the shipment of locally manufactured trailers, marking the beginning of its services to the local industry as a gateway port. “The master plan of the Hambantota International Port clearly spells out supporting the development of Sri Lankan industries servicing overseas markets. This shipment for Dutch Lanka Trailers emphasizes…
Strengthening the long standing close partnership between the Government of Germany and the Government of Sri Lanka, German Government proposed to convert the supplementary loan obtained from the German KfW bank for completing the New Maternity Hospital (Teaching) Galle into a grant. Accordingly, Secretary to the Ministry of Finance, Mr. S R Attygalle, Head of…
Sri Lanka – Russia Business Council Annual General Meeting 2021 The Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce held its 18th Annual General Meeting as a virtual event recently. Mr. Alexey Budanov, Charge d’affaires from the Embassy of Russia graced the occasion as the Chief Guest. The newly elected President…
A project to provide technical assistance to improve the production and commercialization of fruit value-chains in Sri Lanka has been launched by the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Agriculture with financial assistance from the People’s Republic of China. The project, valued at over USD 1.1 million is…
DUBAI, Nov 3 (Reuters) – Iran’s Revolutionary Guards thwarted an attempt by the United States to detain a tanker carrying the Islamic Republic’s oil in the Sea of Oman, Iranian state TV reported on Wednesday, saying the incident took place recently. Reached for comment, the U.S. Navy’s Bahrain-based Fifth Fleet said it had seen reports…
Adds two more import vessels to support full production capacity and increase cement supply across Sri Lanka INSEE Cement – currently operating at 3.6 million ton maximum production and import capacity – has added two more shipping vessels to its import logistics operation, addressing the on-going product shortage in the local market. As Sri Lanka’s…
The ASEAN Foundation and Huawei signed MoU on joint efforts to bridge the digital talent gap at the Asia Pacific Innovation Day – Digital Talent Summit 2021 on Wednesday. The online summit brought together policy makers, researchers and industry experts to share solutions and best practices in building a sustainable ecosystem that will help foster…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported its results for the second quarter ended 30th September 2021, with a turnover of Rs. 11,885 Mn reflecting a Year-on-Year growth of 4%, compared to Rs. 11,413 Mn during the same period last year. Overall, Tokyo Cement’s sales volumes have reduced by 3% compared to the…
Workers’ remittances have been a key pillar of Sri Lanka’s foreign currency earnings that has nearly 100 per cent of domestic value addition, providing a substantial cushion for external sector resilience of the country. Workers’ remittances have covered around 80 per cent of the annual trade deficit over the past two decades, and strengthening remittances…
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