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Industrial Development Board establishes Smart Facilitation Centre at Hambantota Intl. Port
The Hambantota International Port Group (HIPG) entered into a sublease agreement with the Industrial Development Board (IDB), to establish a smart Facilitation Centre at the Hambantota Maritime Center (HMC). The new center will smoothen the path for foreign investors focused on establishing projects in the Southern Province. The agreement was signed by Johnson Liu, CEO, […]
Discover Magic of Colombo on CCC Social Bus
Colombo City Centre (CCC) Mall along with Ebert Silva Holidays (Private) Limited launched the CCC Social double-decker bus, a much-needed travel experience where CCC shoppers can discover all that Colombo has to offer on a bus tour covering some of the most iconic buildings and monuments in the city of Colombo. The best part is […]
French Development Agency provides Euro 1mn to develop Geographical Indication for Ceylon Tea
The French Development Agency (AFD) signed a grant agreement worth 1 million euros with the Sri Lanka Tea Board (SLTB) and French Agricultural Research Centre for Development (CIRAD) towards the development of a Geographical Indication (GI) for Ceylon Tea. The agreement was signed by AFD Country Director and SLTB Chairman in the presence of Hon. […]
Sri Lanka Economic Summit 2021 at a glance: Findings and Way Forward
Summary of the main points elicited during the sessions of the Sri Lanka Economic Summit 2021 held on December 6 and 7. DOWNLOAD
Sri Lanka official reserves down to USD 1.6bn in November, confirms Central Bank
Sri Lanka’s official reserve assets were 1.6 billion US dollars (USD 1,587.0mn) by the end of November, down from 2.3 billion US dollars in October, the latest Central Bank data showed. By the end of November, the foreign currency reserves were 1,009.5 million dollars while the reserve position in the IMF was 67.0 million dollars. […]
Finance Minister Basil Rajapaksa concludes successful visit to New Delhi
At the invitation of the Indian Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, Minister of Finance of Sri Lanka Basil Rajapaksa concluded a successful two-day official visit to New Delhi recently. This was the first overseas visit of Finance Minister Basil Rajapaksa since he assumed office in July this year. During the two-day official […]
Mahinda Samarasinghe assumes duties as Ambassador- designate of Sri Lanka to USA
Ambassador – designate of Sri Lanka to the United States of America Mahinda Samarasinghe assumed duties at the Embassy of Sri Lanka in Washington D.C. on 2 December, 2021. Upon arrival at the Embassy of Sri Lanka in Washington D.C., Ambassador – designate Samarasinghe was welcomed and greeted by the staff. His assumption of duties was marked by a […]
University of Kelaniya signs MOU with Ogilvy Digital for new Digital Marketing Degree
The University of Kelaniya signed a Memorandum of Understanding (MOU) with Ogilvy Digital, the leading digital technology agency in the country to impart its industry expertise and knowledge for the University’s specialised Digital Marketing Degree Programme. The Digital Marketing Degree is the first such programme to be introduced by a state University. With this MOU, […]
‘s Supreme Court Complex with Rs. 7.68bn grant
The Government of China has allocated 7.68 billion rupees as a grant to completely renovate the Supreme Court complex where the Supreme Court and the Court of Appeal are currently located. The project was implemented under the patronage of Justice Minister Ali Sabri today. The agreement was signed between the Secretary to the Ministry of […]
Aitken Spence Logistics Expands its Reefer & GP Container Fleet
Aitken Spence Logistics, the pioneer in integrated logistics, strengthened its mobile storage solutions operations by acquiring the reefer and GP (General Purpose) container fleet of a competitor business. Aitken Spence Logistics introduced the concept of mobile cold storage solutions using reefer containers on rent, with 24-hour backup maintenance which has been widely accepted by the […]
BOI enterprises export revenues, record 2019 values: Double digit growth recorded in seven sectors
Accounting for 65% of all national exports and 85% of all national industrial exports, the Board of Investment today announced that total export earnings recorded as at date for the year, from enterprises under its purview, have surpassed export revenues with the corresponding year-to-date value achieved in 2019. The year 2019 is regarded as the […]
INSEE Cement’s 360-degree approach eases cement shortage in Sri Lanka
Uninterrupted supply through comprehensive production, imports and logistics optimization reaps positive results Operating at maximum production capacity with optimized distribution channels for a number of weeks, INSEE Cement has successfully helped to mitigate the cement shortage that was prevailing in the local market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at […]