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‘s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure remained subdued in January 2023, compared to year earlier. • Workers’ remittances and earnings from tourism continued to increase in January 2023. • Gross official reserves strengthened at end January 2023, […]
CCPI based headline inflation eases in February 2023: Food inflation down to 54.4-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 50.6% in February 2023 from 51.7% in January 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in January 2023. The […]
‘s HIP to be a key transhipment port for India’s EV manufacturing hub
With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transhipment point for their markets in the east and west of the island. HIP participated in the recently held ‘ET Auto Electric Vehicle Conclave 2023’ organised […]
Doc990 introduces digital health services via Amazon’s alexa
Introducing the next frontier for conveniently accessing healthcare services from home, Doc990, Sri Lanka’s pioneering digital health solutions service provider, powered by Dialog Axiata PLC, extended Amazon Alexa Voice Command Support for digital health services for the first time in Sri Lanka.This new feature enables customers to easily access the Doc990 services with simple voice […]
Foreign Minister Ali Sabry to visit India
Foreign Affairs Minister M.U.M. Ali Sabry is scheduled to make an official visit to India from 02-04 March 2023 to attend the eighth edition of the Raisina Dialogue, India’s premier conference on geopolitics and geo-economics which will be held in New Delhi. The conference is hosted by the Observer Research Foundation in partnership with the Ministry of External […]
Sri Lanka’s crisis offers an opportunity to reset its development model
By Martin Raiser, Vice President for the South Asia Region, World Bank Group Sri Lanka is at a critical moment in its history. Years of economic mismanagement, weak governance, poor policy choices, and the impacts of external shocks such as the COVID-19 pandemic and the Russian invasion of Ukraine, plunged the country into its worst-ever crisis in […]
Sri Lanka targets growing European market for organic food
A delegation from Sri Lanka participated in the BIOFACH Trade Fair, the world’s largest annual organic food products trade show held from 14-17 February 2023 in Nuremberg, Germany. This annual trade fair held since 1990 attracts food industry professionals from across the world. This year, 2,765 exhibitors from 95 countries participated in the trade fair. The fair was […]
Delmege Forsyth launch new energy saving LED bulb
Delmege Forsyth & Co Ltd, launched its newest product from its ever-increasing product portfolio in the form of a range of high quality LED bulbs. The acronym LED is derived from Light Emitting Diodes which is known to produce a light with an electrical current passing through a microchip. The significance of the LED bulb […]
Sunquick Lanka officially opens ready-to-drink manufacturing facility in Horana
Sunquick Lanka (Private) Limited, the local manufacturer of the much loved Sunquick fruit concentrate, Sunquick BiBi ready-to-drink (RTD), officially declared open its Sunquick RTD Manufacturing Facility in Horana on 23rd February,2023 , reassuring its strong presence in the Sri Lankan market. Gracing the special occasion were CO-RO A/S Denmark, President Søren Holm Jensen and Sunquick […]
PCCW Ltd announces Mohamed Sharhan Mohamed Muhseen as new independent non-executive director
The board of directors (the “Board”) of PCCW Limited (the “Company”) is pleased to announce that Mohamed Sharhan Mohamed Muhseen has been appointed as an Independent Non-Executive Director of the Company with effect from 24 February 2023. Aged 47, he is a senior investment banker with extensive experience in areas of mergers and acquisitions, corporate […]