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Colombo Port Recognized as the World’s Fastest-Growing Port in Q1 2024

Operational Performance Shows Remarkable 23.6% Growth Rate – Secretary to the Ministry of Ports, Naval, and Aviation Services. International Passenger Movements Reach 4.3 Million in 2024, 26.10% Increase Compared to July 2023. Construction of Bandaranaike International Airport’s Second Terminal Set...

AMBASSADOR CHUNG’S REMARKS AT THE MAHARAJA FOODS IPO EVENT

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...
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President Praises Political Parties in Parliament for Supporting the Economic Transformation Bill

Together, Let’s Advance This Program. Advancing the Country by Building a Progressive, Export-Centric Digital and Green Economy – President stated Launching the Digital Economy Strategy 2030 Program in Kegalle. Smart Classroom Equipment Provided to 42 Pirivens and 62 Schools in...

EDB Successfully Conducts 24th Exporters’ Forum

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,...

The Central Bank of Sri Lanka Further Reduces Policy Interest Rates

xr:d:DAFnXDbZRoo:36,j:4282192976072233294,t:23070602 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...

Revitalizing the Tea Industry: A Crucial Step for Export Economic Growth

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...

Delmege Lifestyle Cluster Awarded Interior Fit-Out Project for LankaPay’s Colombo Office

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,...

Export Performance in June 2024

As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an increase of 2.58 % compared to the month of June 2023. This was mainly due...

A new bill introduced to address bankrupt businesses

A new institution named “Enterprise Sri Lanka” has been established to empower micro, small, and medium enterprises. The government’s policy is to always uphold the rights of the people- The President. President Ranil Wickremesinghe stated that it is not feasible...

Government May Enforce Price Controls if Concessions Not Passed to Consumers

Minister of Trade, Commerce, and Food Security Nalin Fernando stated that if the business community fails to pass on government-provided concessions to consumers, price controls will need to be implemented for certain goods. He also announced that proposals to amend...
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