Category: Trade
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
National Single Window: A Game-Changer for Sri Lanka’s Trading Community
What is the National Single Window (NSW)? The National Single Window (NSW) is an integrated digital platform designed to streamline international trade by allowing parties involved in trade and transport to submit standardized information and documents through a single entry point. This concept, supported by international organizations such as the World Trade Organization (WTO) and […]
President Opens “The Mall” Duty-Free Shopping Complex in Colombo Port City
President Ranil Wickremesinghe officially opened “The Mall,” a newly constructed duty-free shopping complex in the Colombo Port City area yesterday (September 5). This marks the debut of the first urban duty-free shopping mall in the region, featuring a range of stores, restaurants, and various retail outlets. Notable international duty-free retailers, including One World, China Duty […]
‘s DCTS for sustainable growth amidst economic challenges
Sri Lanka’s apparel industry, a cornerstone of the nation’s economy, finds itself at a critical juncture. As the sector continues to recover from the COVID-19 pandemic and navigates ongoing economic challenges, the UK’s Developing Countries Trading Scheme (DCTS) has emerged as a potential lifeline. However, this opportunity comes with its own set of hurdles, particularly […]
‘s economy
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at […]
Minister Sabry highlights SL’s progress on economic stabilization during visit to Singapore
During Foreign Minister Ali Sabry’s visit to Singapore recently he had a productive discussion with the Foreign Minister of Singapore on enhancing relations between both countries, recognizing shared opportunities and challenges. At the luncheon hosted by Singapore’s Foreign Minister, Sabry emphasized collaboration in areas of mutual interest including seeking assistance for capacity building for public […]
Ceylon Chamber of Commerce Celebrates 185 Years of Service to Sri Lanka’s Private Sector
The Ceylon Chamber of Commerce, the premier representative of Sri Lanka’s private sector, proudly marks its 185th anniversary today (March 25). Established in 1839, initially to cater to the needs of the plantation industry, primarily rubber and coconut, it has evolved into an institution representing a wide sector of industry and commerce. Today, boasting a […]
Sri Lankan experts call for increased focus on global trade to drive economic growth
The country can achieve significantly higher economic growth supported by international trade. Sri Lanka to deepen trade ties with South Asian countries (Bangladesh, Pakistan, China, India) and increase access in East Asia (Thailand, Malaysia, Singapore). Expand into fast-growing regional markets like ASEAN and RCEP members. Attract Foreign Direct Investment (FDI) into […]
Sri Lanka – Vietnam explore opportunities in agricultural, forestry and fisheries: CCC
The Ceylon Chamber of Commerce hosted a high-level delegation from the Ministry of Agriculture and Rural Development of Vietnam, engaged in a working visit to strengthen bilateral relations between Vietnam and Sri Lanka, in the fields of agricultural, forestry and fishery. Organized in association with the Sri Lanka – Greater Mekong Business Council and the […]
PMI indicates an expansion in Manufacturing and Services activities in January 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.6, indicating an expansion in manufacturing activities. This improvement was attributable to the increases observed in all sub-indices. The expansion in New Orders and Production was largely driven by the manufacture of textiles & apparel sector. However, New Orders and […]
SL High Commission in London hosts ‘Sri Lanka Business Drive 2024’
The High Commission of Sri Lanka in London in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC) organised ‘Sri Lanka Business Drive 2024’, an interactive Roundtable discussion on investments at the High Commission on 02 February 2024. The event was presided over by High Commissioner of Sri Lanka to the United Kingdom Rohitha Bogollagama. The […]
Neighbouring Countries Economic Development Cooperation Agency of Thailand extends support to SLanka
The Neighbouring Countries Economic Development Cooperation Agency (NEDA) of Thailand agreed to enhance and expand its cooperation with Sri Lanka during a discussion held between Ambassador of Sri Lanka and Permanent Representative to the UNESCAP, C. A. Chaminda I. Colonne and the Vice President of NEDA, Senior Col. Saranyu Viriyavejakul on 15 January 2024 in […]