The Embassy of Sri Lanka in Manila participated at the International Bazaar 2022 held on 20 November 2022 at the World Trade Center, Pasay City, Philippines. Together with the local distributors of renowned Ceylon tea brands Dilmah, Basilur, and George Steuarts, the Embassy organized a “Sri Lanka Pavilion” designed to showcase the country’s best features: Ceylon…
Fitch Group, a global leader in financial information services, is pleased to announce the expansion and relocation of its Singapore office – as part of its plans to further strengthen its business in the Asia-Pacific region (APAC). Fitch Group’s business units – Fitch Ratings (credit ratings, research and analysis), Fitch Solutions (data, research and analytics),…
‘Business as usual’ at Vistara until consolidation is completed by March 2024, says Tata Sons CEO The Hindu – Singapore Airlines will get a 25.1% stake in Air India and make an investment of ₹2,059 crore in the Tata-owned airline as part of an agreement to merge their joint venture Vistara with the larger Indian…
The most anticipated economic event of the year, the Sri Lanka Economic Summit 2022 will commence under the theme ‘Resetting from Turmoil to Opportunity’ on December 5th at the Shangri-La Hotel, Colombo. The Summit will be inaugurated by the Chief Guest President Ranil Wickremesinghe on December 5th. The Guest of Honour will be Mr. Martin…
As per data released by Sri Lanka Customs, the earnings from merchandise exports have exceeded USD 11 billion from January to October 2022, the Export Development Board (EDB) says. This is a growth of 9.33% in comparison to the same period in 2021. The earnings from merchandise exports in the first ten months of last…
LAUGFS Gas, one of the largest LP Gas suppliers in Sri Lanka is currently operating at maximum capacity, filling and distributing its LP Gas cylinders island-wide to restore the current market supply. In the recent past, the market supply was challenged due to several macro-environmental factors. By resolving most of the financial challenges created from…
Fitch Ratings – Fitch Ratings expects APAC telcos’ median 2023 leverage to remain stable, supported by easing competition amid ongoing industry consolidation. Free cash flow (FCF) generation will improve, but will remain limited, as modest EBITDA growth will be consumed to either build or expand 5G infrastructure. Our sector outlook for 2023 is neutral. We…
The Chamber of Pharmaceutical Manufacturers- Oyamaduwa (CPMO), the local investors of the “SUWA SIRI PURA” pharmaceutical manufacturing zone in Oyamaduwa, Anuradhapura, recently had a discussion with the Board of Investment (BOI) officials where they requested the top management to consider registering the Oyamaduwa under the BOI. The meeting was convened under the patronage of BOI…
Boosting the revival of the tourism industry in Sri Lanka, Hapag Lloyd Lanka ushers in super luxury cruise ‘Mein Schiff 5’ on the 29th of November at the Port of Colombo and the cruise will be calling the Port of Hambantota on the 30th of November 2022. More than 2,000 passengers (mostly European) and 900…
A high-profile delegation from the Port of Colombo led by the Chairman of Sri Lanka Ports Authority (SLPA) Mr. Keith D. Bernard visited Bangladesh to further discuss requirements of Shippers and service providers. Managing Director of SLPA – Mr. Upul Jayatissa, Director (Operations) of SLPA – Mr. Lal Weerasinghe, Actg.Director (Marketing & Media) – Mr….
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