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French collaboration for capacity building in the Sri Lankan Rubber industry
The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael […]
AmCham and USAID collaborates with SLINTEC to accelerate growth of renewable sector
Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of […]
Calling for EOIs for starting business activities using facilities at Mattala Airport
The cabinet nod has been received to invite expressions of interest from investors and strategic entrepreneurs in direct and indirect aviation-related enterprises to carry out aeronautical and non-aeronautical businesses at the Mattala Rajapaksa International Airport. According to the layout, there is potential to transform the airport into a multi-purpose business center by implementing business opportunities […]
‘s lubricant market liberalization
The cabinet has approved a proposal presented by the Minister of Power and Energy to call for applications requesting qualifications to select new entrants to the lubricants market in order to provide the opportunity for high-quality, innovative and competitive products to enter the Sri Lankan market. The Ceylon Petroleum Statutory Corporation Act No.28 of 1961 […]
CA Sri Lanka inspires entrepreneurs and businesses to successfully navigate through crisis
With crises becoming a regular phenomenon in Sri Lanka and the ongoing economic crisis impacting entrepreneurs and businesses alike, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) took the lead to educate and inspire entrepreneurs and businesses on how to bounce back from the current crisis at its second regional conference in […]
SLASSCOM to lead sustainability practices in IT/BPM sector
With environmental, social and governance (ESG) principles taking center stage due to the pressing climate issues and the “code red for the planet” SLASSCOM, the national chamber for the IT/BPM industry in Sri Lanka, has prioritized the need to embed ESG across the IT/BPM industry and has been instrumental in encouraging it’s membership to adopt […]
New UNDP Resident Representative takes office
Azusa Kubota presented her credentials on 9 January 2023 to the Ali Sabry, Minister of Foreign Affairs, officially taking office as the new Resident Representative for the United Nations Development Programme (UNDP) in Sri Lanka. Prior to her appointment in Sri Lanka, Ms. Kubota served as the Resident Representative at UNDP in Bhutan for 4 […]
Canada provides humanitarian assistance to vulnerable communities in Sri Lanka
In response to the humanitarian appeals launched by the United Nations (UN) and the International Federation of Red Cross and Red Crescent Societies (IFRC), Canada is providing $3 million (approx. LKR817 million) to help address the needs of the most vulnerable communities in Sri Lanka. This contribution will be delivered through the UN and the […]
Third Round of SL – Thailand FTA negotiations scheduled to commence tomorrow
The third round of negotiations between Sri Lanka and Thailand on the proposed Free Trade Agreement (FTA) will be held on January 9 and 10th, 2023, in Colombo, with the participation of 26 official delegates from Thailand headed by Auramon Supthaweethum, Director General of the Department of Trade Negotiations, advancing the government’s agenda of expanding […]
Central Bank introduces measures to reduce overdependence on Standing Facilities
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money markets. At the […]