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Hambantota International Port ready to launch fertilizer transshipment business
Russian billionaire Andrey Igorevich Melnichenko, who met PM Mahinda Rajapaksa, visited the Hambantota International Port (HIP) during his visit to Sri Lanka last week. During discussions with the port’s top officials, he had shown keen interest in the potential to develop regional distribution of fertilizer via the Hambantota International Port. “This is well in line […]
eCommerce in 2021: trends that are bound to gain traction this year.
From online marketplaces to AI, numerous trends are shaping today’s eCommerce market. But what your business needs to prosper in the online dimension ultimately boils down to individual requirements – and any gaps that need to be filled. Here are a few such trends, that are sure to gain momentum as the year progresses. Online […]
Ceylon Chamber of Commerce marks 182 years
Governor Stewart Mackenzie, initiated the establishing of the Ceylon Chamber of Commerce on 25 March 1839, for the purpose of best promoting the interests of commerce. It was among the first group of chambers established in Asia at the time. Governor Mackenzie who was deeply interested in promoting Agriculture and Trade adopted the rules and […]
SLTDA approves Bolagala floating agro tourism resort in Katana
Bolagala Floating Agro Tourism Resort in Katana located close to the Negombo tourism hub will be the newest addition to the inventory of unique experiences for tourists visiting Sri Lanka. This is the first-ever floating resort in Sri Lanka created adopting an agro-tourism theme consists of 50 floating cabanas, including 10 GPS tracker equipped cabanas that could […]
Sri Lanka to establish new institution to maximize utilization of government lands
The Cabinet of Ministers has approved a proposal submitted by the President for the establishment of an institution under the name Assets Utilization Reformation Commission with powers to take necessary measures for productively utilize the identified underutilized assets. “It has become a pioneer requirement to introduce an appropriate methodology for utilizing state ventures with assets […]
”; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based consumer-durable retailer Abans PLC’s National Long-Term Rating at ‘AA(lka)’. The Outlook is Stable. Fitch has simultaneously affirmed the ‘AA(lka)’ rating on Abans’ outstanding senior unsecured debentures and the ‘F1+(lka)’ National Short-Term Rating on its commercial paper. The affirmation reflects our expectations that the healthy performance of Abans’ core operations […]
Cabinet nod to submit Colombo Port City Economic Commission Bill to Parliament
The Cabinet of Ministers has approved a proposal made by President to take the necessary steps to publish the Colombo Port City Economic Commission Bill on the government gazette and submit the bill to the parliament. The approval to establish a special economic zone known as the Port City was given at the cabinet meeting […]
All set for 24th Sri Lankan Entrepreneur of the year Awards
Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) announces the finalization of all arrangements to conduct the 24th Sri Lankan Entrepreneur of the Year Awards on 25th of March at BMICH Main Hall from 3.00 p.m. to 6.00 p.m. under the theme – Innovation and Productivity for Sustainable Growth reaching an important […]
If Govt fails to manage UNHRC resolution properly economic consequences will be catastrophic
By Eran Wickramaratne M.P – Former State Minister of Finance This government is stumbling from one crisis to another. Poor economic management, dismal management of Covid-19, and now to disastrous management of foreign diplomatic relations. The vote on the Sri Lanka resolution at the UNHCR showed how few friends we have retained. The lowest point […]
UNHRC adopts revised resolution to enhance monitoring on human rights in Sri Lanka
The UN Human Rights Council on Tuesday adopted a revised resolution to enhance its monitoring and reporting on the human rights situation in Sri Lanka, including on progress in reconciliation and accountability. The resolution was adopted by the 47-member Council after 22 members voted in favour of the document at the ongoing 46th UNHRC session […]
Sri Lanka’s export earnings grew by 2.5-pct in February
Sri Lanka’s export earnings registered a growth of 2.52% with US$ 993.73 Mn in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last […]
5 reasons why South Asia is coming together to beat marine plastic pollution
By CECILE FRUMAN , JOHN ROOME & PAWAN PATIL Collaboration, cooperation, consensus – these words are seldom used when describing the interactions of the eight sovereign nations that make up South Asia. For a variety of reasons, South Asia is considered the least integrated region in the world with restrictions on the movement of people, goods, services and capital. Yet, Afghanistan, Bangladesh, […]