All Blogs
SriLankan Airlines announces partnerships with industry experts to promote tourism
The tourism industry connoisseurs – Uga Escapes, Walkers, and Taru Villas have joined hands with SriLankan Airline’s leisure arm – SriLankan Holidays to establish a multi-brand collaboration and partnership to add value to their customers’ holiday experience. These collaborative partnerships intend to promote domestic and inbound tourism through packaged holidays and thereby revive the national […]
Sri Lanka’s Niftron raises Rs. 21Mn capital from LAN’s Angel Fund
The Angel Fund has announced an Rs. 10 million investment in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more affordable for businesses at all levels and industries. The Angel Fund was established by the Lanka Angel Network (LAN) with the support of ecosystem development partner Ford Foundation and aims to […]
Sri Lanka rupee strengthened against the US dollar
The Sri Lanka rupee further strengthened against the US dollar yesterday, on positive outlook for inflows. The selling rate was quoted at 191.97 rupees for a US dollar, as against 201.28 rupees on Friday and a peak of 204.62 rupees last week. The indicative dollar spot exchange rate was 194.44 rupees yesterday as against 199.93 rupees […]
MoU signed between ICTA & enpact e.V, Germany to collaborate between startup ecosystems
The Embassy of Sri Lanka in Germany initiated and facilitated the signing of a MOU between the Information and Communication Technology Agency (ICTA) of Sri Lanka and ENPACT e.V. in Berlin, Germany, which represents the Berlin Senate’s startup initiative “AsiaBerlin”, on 08 April 2021, with a view to fostering a strong bridge between Berlin, the […]
SriLankan Airlines welcomes Indian delegation to Sri Lanka
SriLankan Airlines in a bid to recommence Indian tourist arrivals to Sri Lanka under the proposed bio-bubble tourist arrival concept successfully completed a familiarization tour for Indian media and travel trade professionals recently. A delegation of tour operators, agents, and senior editors representing influential media institutions concluded a familiarization tour in Sri Lanka. The delegation […]
Sri Lanka vehicle registrations down in March 2021
Total vehicle registrations marginally reduced to 3,556 units in March down from 3,558 units in Feb but significantly down from 13,219 units 12 months ago. The comparative figure was 35,150 units 24 months ago. In the locally assembled category Under cars Zotye Z100 recorded 22 units in March down from 79 units in Feb and […]
Colombo Port City – Projecting SL as newest commercial landscape in Asia
Veemansa Initiative, an independent think tank recently held a Webinar on the proposed Colombo Port City Economic Commission Bill and related subjects. Based on the deliberations at the webinar and the follow-up analysis, it was evident that the Colombo Port City Project, a 100% foreign investment venture plans to attract a diverse group of secondary […]
Recovery of Apparel Sectors of Bangladesh & SL: Is a Value-Chain-Based Solution Possible?
The Centre for Policy Dialogue (CPD), Bangladesh and the Institute of Policy Studies of Sri Lanka (IPS), in partnership with Southern Voice, will host a webinar focused on solutions to the challenges that the COVID-19 pandemic has created in apparel supplying countries, in particular Bangladesh and Sri Lanka. Researchers from CPD and IPS will present […]
Sri Lanka Investment Forum to feature over 50 projects & corporate investment opportunities
Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board of Investments (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange will kick off on the 7th of June 2021 on a virtual platform. SLIF 2021 will showcase to the world, Sri Lanka’s […]
Greater flexibility to Licensed Finance Companies to raise funds from foreign sources
The Monetary Board of the Central Bank has issued new directions on foreign currency borrowings by Licensed Finance Companies (LFCs) with a view to provide flexibility for LFCs to obtain low-cost funding from foreign sources to support their business expansions. The objectives of these directions are to stabilise any financial volatilities created by the foreign […]