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Second Coconut Triangle to be launched in Northern Province: Minister of Plantation Industries
The second Coconut Triangle would be launched in the Northern Province this year consisting of the areas of Jaffna, Mannar and Mulaitvu Districts in conjunction with World Coconut Day on September 2, Minister of Plantation Industries and Minister of Industries Dr. Ramesh Pathirana stated. He expressed these views today (02) during a press conference themed […]
Legal tender in Sri Lanka for domestic payments will remain as LKR not INR, clarifies CBSL
The legal tender in Sri Lanka for domestic payments and settlements will remain as Sri Lanka Rupees (LKR) and the authorization of INR as a designated currency does not make INR a legal tender in Sri Lanka for domestic payments/settlements, the Central Bank clarified. Issuing a clarification to erroneous reports, the Central Bank further said […]
SL Purchasing Managers’ Index (PMI) – Construction Industry
The construction industry remained contracted in June 2023, recording a total activity index value of 44.4 with most of the companies operating at a sub-optimal level amidst the limited availability of construction projects. However, several respondents mentioned that the steady decline in material prices has induced to commence small-scale construction work. The lack of new […]
Singer forges partnership with vivo to bring innovative smartphones to SL
Singer Sri Lanka PLC is delighted to announce its partnership with vivo, a prominent global smartphone manufacturer, as their official National Distributor. This collaboration marks a significant step towards enhancing the smartphone landscape in Sri Lanka, providing consumers with access to innovative and high-quality vivo smartphones. Speaking about the partnership, Mahesh Wijewardene, Chief Executive Officer, […]
CFA Society SL ties up with Yara Technologies to offer EduLoan for CFA program
CFA Society Sri Lanka (CFASSL) is pleased to announce its partnership with Yara Technologies, to offer the EduLoan platform exclusively to students sitting for the CFA exams who are members of CFA Society Sri Lanka Candidate Council, for the purpose of financing CFA Program enrolment and registration fees. Yara Technologies is a fast-growing EdFinTech company, […]
Statement by Ali Sabry, on visit to Sri Lanka by Hayashi Yoshimasa, Minister of Foreign Affairs of Japan
My friend Minister HAYASHI, Konnichiwa, Ayubowan and Welcome to Sri Lanka, Friends from the media, It is an honour and a great pleasure for us to welcome Minister HAYASHI Yoshimasa, who arrived on an official visit to Sri Lanka yesterday. Hon. HAYASHI leads a high-level delegation which consists of a number of senior officials of […]
French President Emmanuel Macron to undertake a visit to Sri Lanka
French President Emmanuel Macron will undertake a visit to Sri Lanka on 28 July 2023 following the visit to the South Pacific region. This historic visit is the first ever by a French President to the country. The official discussion between the two Heads of State will centre on strengthening bilateral relations in the 75th anniversary […]
Sri Lanka apartment selling prices show consistent increase in last four months: RIUNIT
Sri Lanka’s real estate expert Research Intelligence Unit says that since the beginning of 2023, the apartment selling price LKR per SqFt has remained steady and in the four months ending June 2023, the suburban apartment selling prices US$ per SqFt have shown a consistent increase. During the eight years ending 2023, RIUNIT says the […]
‘s path to sustainable growth: Embracing a social market economy
● Sri Lanka’s Economic Challenge: A stark contrast between Tamil Nadu’s expected growth of 14% and Sri Lanka’s negative 3.5% this year. ● Ambitious Goal of High-Income Country: President’s vision to achieve high-income status by 2048, requiring 6.5% annual growth from now onwards. ● Bridging the Skill Gap: Concerns over the volume of skilled labor produced in India, […]
Sri Lanka ratifies Comprehensive Nuclear Test Ban Treaty
Sri Lanka deposited the instrument of ratification of CTBT with the UN Office of Legal Affairs (UNOLA) on 25 July 2023 at the UN Headquarters in New York becoming the 178th State to ratify the CTBT. By depositing CTBT instrument of ratification, Sri Lanka’s status as a signatory is elevated to a complete State Party to […]