Category: Industry
HIP Witnesses Shift in Cruise Ship Origins with European Vessels Leading as Indian Arrivals Decline in 2024
Hambantota International Port (HIP) saw a modest increase in cruise ship arrivals in 2024, with a notable shift in the origins of the vessels. There was a decline in ships from the Indian subcontinent, while arrivals from Europe rose significantly. Of the 23 cruise ships that docked at HIP, only six were from India, while […]
USD 25 Mn Project at Hambantota International Port’s Industrial Park
Following Hambantota Port Group’s (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd. has become the first investor to seize the opportunity to set up operations in the port’s industrial park. With an investment of USD 25 million, the project targets key […]
Asian Development Bank extends USD 150 mn line of credit to CEB
Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on 19th December 2024, for ADB to provide a loan of $150 million to CEB. After rigorous due diligence by ADB on technical, economic and social merits of CEB’s upcoming investment proposals, ADB approved the loan package in November 2024. Through these funds, […]
Twinery leads Sri Lankan innovation as it celebrates 100 granted patents
Traditionally recognized in the fields of agriculture and tourism, Sri Lanka has often been overlooked as a hub for technological innovation. Twinery, the innovation arm of global apparel tech leader MAS Holdings, is redefining this narrative as it proudly announces the granting of its 100th utility patent. As a leading innovation powerhouse in Sri Lanka, […]
Worklenz: Empowering Sri Lankan Businesses with Open-Source Innovation
Sri Lanka’s technology sector is rapidly evolving, with a notable shift toward open-source solutions that provide businesses with cost-effective, customizable tools. Among the few homegrown open-source solutions, Worklenz (worklenz.com), a Sri Lankan-developed task management tool, is gaining recognition for its innovative approach. Designed to streamline project management, Worklenz not only boosts efficiency but also positions […]
India-SL Partnership to Drive Digital Transformation: Strategic & Timely Move – Colombo Chamber of Commerce
The Colombo Chamber of Commerce commends President Anura Kumara Dissanayake’s recent official visit to India, describing it as a significant step toward strengthening bilateral relations and introducing innovative approaches to advance Sri Lanka’s economic and social development. India, as Sri Lanka’s largest trading partner and a key player in the regional geopolitical landscape, was a […]
Sri Lanka Tourist Arrivals YoY Increased by 22-pct in November
Sri Lanka’s tourism sector continues to show strong recovery and growth, as evidenced by a 21.6% year-on-year increase in foreign tourist arrivals for November 2024. According to the Sri Lanka Tourism Development Authority, the number of tourists reached 184,158, compared to 151,496 in the same month of the previous year. This significant increase follows an […]
Bill &’s digitalization effort
The Bill & Melinda Gates Foundation has committed to expanding its initiatives in Sri Lanka. As part of this commitment, the Bill & Melinda Gates Foundation has agreed to provide the financial and technical assistance needed to implement nutrition projects, school meal programs for children, agriculture sector modernization project, digitalization efforts, and livestock development programs […]
Members Appointed to the Port City Economic Commission
President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of […]
‘ Export Potential
The Sri Lanka Export Development Board (EDB) and the International Trade Centre (ITC) co-organized a series of factory visits as part of the UK-Sri Lanka Trade Mission under the SheTrades Commonwealth+ Programme. 59 factory visits were held from December 2nd to 6th, the initiative brought buyers from the West and North Yorkshire Chamber of Commerce […]
NSBM celebrates success of graduating class of 2024
NSBM Green University, the premier degree awarding institute in Sri Lanka, commenced its annual General Convocation Week for 2024 yesterday (9th December). This ceremonious celebration of NSBM’s graduating Class of 2024 is scheduled to extend until 11th December, encompassing 9 distinct sessions at the NSBM Auditorium with renowned guests, scholars, parents, and students serving as […]
Strengthening sustainability: JAAF and Solidaridad chart path for EU market alignment
The Joint Apparel Association Forum (JAAF) and Solidaridad, a civil society organization, recently co-hosted a one-day workshop in Colombo to address the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD). Introduced in 2023, the CSDDD requires companies in EU-bound supply chains to meet stringent environmental and human rights standards. While Sri Lankan suppliers are not […]