Good morning, everyone. It is a great pleasure to be here this morning with such an incredible group of amazing and inspiring women entrepreneurs. I want to start by thanking WEConnect International for the remarkable work they do in empowering women entrepreneurs across the globe and here in Sri Lanka. We are proud of the many, many women businesses who …
Continue Reading
Secretary to the Ministry of Industries, Shantha Weerasinghe announced that the “National Industry Policy,” along with the five-year strategic plan for 2023-2027, has been prepared and submitted to the Department of National Planning. This initiative aims to establish a globally competitive national industry base. By 2030, the policy aims to increase the manufacturing sector’s contribution to GDP from 16% to …
Continue Reading
The 1st of August, 2024, marks the 45th anniversary of the Sri Lanka Export Development Board (EDB). The EDB was established in 1979 with the objective of establishing a strong government-level institutional framework to develop and promote Sri Lanka’s exports in order to integrate with the global economy consequent to the adoption of liberal economic policies in 1977, and it has been …
Continue Reading
Secretary to the Ministry of Ports, Naval, and Aviation Services, K. D. S. Ruwanchandra, emphasized that Alphaliner, a prominent research publication in the shipping industry, recognized Colombo Port as the world’s fastest-growing port in the first quarter of 2024 due to its remarkable operational performance and 23.6% growth rate. He added that the port generated an income of USD 50 …
Continue Reading
Good morning, ladies and gentlemen. It is a true honor to be here at the Colombo Stock Exchange to celebrate the hard work of a woman-owned and -led business’ debut on the trading floor. First and foremost, let me extend my congratulations to Mrs. Thavamalar Guganathan and her team at Maharaja Foods, on this significant milestone. Your journey from a …
Continue Reading
President Ranil Wickremesinghe expressed his gratitude to all political parties in Parliament for supporting the adoption of the Economic Transformation Bill and urged them to unite in advancing this initiative. He highlighted that the bill includes the necessary governance and institutional framework for developing an export-centered digital and green economy in the country. The President made these remarks during a …
Continue Reading
The Sri Lanka Export Development Board (EDB) successfully held its 24th Exporters’ Forum on the 25th of this month. The forum, a platform for discussing and resolving issues faced by exporters, was presided over by State Minister of Investment Promotion, Hon. Dilum Amunugama. The participation of Secretary of the Ministry of Investment Promotion, Mr. M. M. Naimudeen, EDB Chairman and …
Continue Reading
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 July 2024, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points (bps) to 8.25 per cent and 9.25 per cent, respectively. The Board arrived at this decision following …
Continue Reading
President Ranil Wickremesinghe emphasized the crucial role of the Sri Lankan tea industry in transitioning the country towards an export economy. He underscored the need for a comprehensive promotion strategy, developed in collaboration with both public and private sectors. The President noted that “Ceylon Tea” is a world-renowned brand and should be further promoted through a new strategic program. President …
Continue Reading
Delmege Lifestyle Cluster, a leader in innovative and sustainable interior design solutions, has been awarded the interior fit-out project for LankaPay’s office premises at No.61 Dharmapala Mawatha, Colombo 7. This project will transform the nine-floor office premises into a functional, sophisticated, and modern complex that reflects its brand identity and futuristic digital landscape. Agreement was signed between Mr. Channa de …
Continue Reading
