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Sri Lanka Seeks Economic Cooperation Agreements from Japan to India, Aiming for Closer Integration with India

Vision’ Statement Highlights Indo-Sri Lanka Historical Cooperation, Paving the Way for Future Close Relations. India’s Efforts to Strengthen the Global South Commendable – Says President at 3rd Voice of Global South Summit. President Ranil Wickremesinghe emphasized the importance of strengthening...

Sri Lanka Purchasing Managers’ Index (Manufacturing and Services) – July 2024

Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in July 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.5 in July 2024, indicating a continuous expansion in manufacturing activities....
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Relief for Personal Income Tax Expected Soon, President Announces at University Lecturers’ Conference

Agreements with International Community for the Economic Recovery Cannot Be Violated. Education Sector Must Be Transformed to Align with National Economic Goals. Sri Lanka to Become a Regional Academic Hub. In a landmark keynote address at the University Lecturers’ Conference...

Starlink given license to operate in Sri Lanka

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has officially issued a Telecommunications Service Provider Licence to Starlink Lanka (Private) Limited under Section 17B of the Sri Lanka Telecommunications Act No. 25 of 1991, as amended. The development follows a...

High Gold Prices Are About the Dollar, but Recession Fears Can’t Be Ruled Out

Let's say you have a 1-ounce bar of gold sitting on your desk. Right next to it is a stack of U.S. dollars equal to the early Aug. 6 spot price of gold, $2,413.90 per ounce. If you didn't do...

Ambassador Chung’s Remarks at WEConnect Supplier Development

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...

National Industrial Policy and 2023-2027 Strategic Plan Prepared to Build a Globally Competitive Industrial Base

Target Set to Increase Manufacturing Sector’s Contribution to 20% of GDP by 2030. Entrepreneurship’s Contribution to Workforce Aimed to Reach 7%. Objective to Boost Industrial Exports’ Share to 20% of GDP. 3,925 Manufacturing Industries Registered by June 2024. Rock Phosphate...

EDB at 45: An odyssey of worthwhile accomplishments

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...

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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