All Blogs
‘s coconut industry
In a move to bolster Sri Lanka’s coconut industry, CBL Global Foods Limited (CBL GFL) a key player in Sri Lanka’s agribusiness sector and a subsidiary of the CBL Group—one of the leading food conglomerates in the country and the United States Agency for International Development (USAID) have launched a comprehensive handbook on best practices […]
Unlocking Data for Artificial Intelligence in Sri Lanka: LIRNEasia hosts exclusive forum in Colombo
LIRNEasia hosted a forum on December 7, 2024, titled “Unlocking Data for Artificial Intelligence in Sri Lanka” at the ITC Ratnadipa Hotel, Colombo. The event brought together AI experts, data scientists, policymakers, and industry leaders to explore practical ways to leverage data and artificial intelligence for informed decision-making and meaningful societal and organizational impact. The […]
JICA Provides Emergency Relief Items to Sri Lanka for Flood and Landslide Victims
Japan International Cooperation Agency (JICA) has reaffirmed its commitment to supporting Sri Lanka by providing emergency relief items to assist those affected by recent floods and landslides. This gesture underscores Japan’s long-standing partnership with Sri Lanka. In a symbolic handover ceremony held at Bandaranaike International Airport on December 7, 2024, His Excellency Isomata Akio, Ambassador […]
CEAT acquires CAMSO brand Off-Highway Tyres & Tracks business from Michelin in Sri Lanka
CEAT, an RPG company and Michelin, the global leader in tyres, announced today that they have entered into a definitive agreement for CEAT to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 Mn (SLR 65 Bn). The transaction will include the business […]
The UK-Sri Lanka Trade Mission Highlights Export Potential of Women-Led Businesses in Jaffna
The United Kingdom (UK)-Sri Lanka Trade Mission, co-organized by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), successfully concluded its Jaffna program on 4th December 2024. This initiative highlighted the export potential of women-led businesses in Sri Lanka, particularly in the Northern region. The programme, part of the UK Government-funded […]
””’; Removes RWN on VR
Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CC’. At the same time, the Rating Watch Negative (RWN) on the Viability Rating (VR) has been removed and the VR upgraded to ‘ccc-‘ from ‘cc’. Fitch has also affirmed the Short-Term IDR at ‘C’ and the […]
JICA and EDB jointly Introduces Sri Lankan ICT companies to the Japanese market
The Sri Lanka Export Development Board (EDB) is committed to promote global trade and facilitate the interests of exporters. In this pursuit, EDB actively seeks new markets and opportunities for technical collaborations, particularly through partnerships with international organizations. One such collaboration is with the Japan International Cooperation Agency (JICA), focused on expanding Sri Lanka’s ICT/BPM […]
‘s Exports Surge by 18-pct in October 2024
As per the provisional data released by the Sri Lanka Customs, the country’s merchandise export performance in October 2024 reached an impressive US$ 1,097.1 million. This marks an 18.22% increase compared to October 2023, mainly driven by growth in the export of Apparel & Textiles, Tea, Rubber-based products, Coconut-based products, and Spices & Concentrates. Notably, […]
“If it doesn’t kill you, it makes you stronger” Jaffna’s 3AxisLabs’ journey into Artificial Intelligence.
By Jekhan Aruliah “If it doesn’t kill you, it makes you stronger”. This slogan could have been written for Artificial Intelligence. Actually it was coined over a hundred years ago by the nineteenth century German philosopher Nietzche. Coined at a time when intelligent robots were the stuff of science fiction and baloney. Nowadays the upsides […]
Women entrepreneurs in Sri Lanka connect with UK companies through UK – Sri Lanka Trade Mission
The United Kingdom (UK)-Sri Lanka Trade Mission, part of the UK Government-funded SheTrades Commonwealth+ Programme, is connecting 13 UK companies with 45 Sri Lankan women entrepreneurs on 2 – 6 December 2024. Co-organised by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), the trade mission aims to strengthen bilateral economic […]