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Tianjin Port Group and Huawei announce deepening cooperation to build digital twin of port
Tianjin Port Group and Huawei announced this week that the two companies will deepen cooperation to build a digital twin of the port, making it more automated and intelligent. Yang Jiemin, Vice President of Tianjin Port Group, explained that this plan consists of three parts: Construction of new automated terminals, upgrading of traditional terminals, and […]
China lists Sri Lanka in its pilot programme for outbound tourism
The Ministry of Culture and tourism of China announced on 20 January 2023 that Sri Lanka will be included among the countries in its outbound tourism pilot programme which will commence from 6 February 2023. Only a limited number of countries have been included in this list and this listing is a reflection of the […]
EDB Launches Export Performance Indicators 2021
Sri Lanka Export Development Board presents its flagship statistical publication “Export Performance Indicators 2021”. The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance, GDP and individual sectoral involvement for the year 2021 and five preceding years. This volume is the 35th […]
Revolutionizing Rain-fed Farming for Food Security: Addressing Sri Lanka’s food security needs at a crucial time
It’s 10 AM in Anuradhapura, the sun is glaring down on the agricultural heartland of the country and the air hangs dry—there hasn’t been any rain in weeks despite it being the rainy season in the Dry Zone. The farmer communities look to the skies, awaiting the rains, especially concerning from the perspective of the […]
CFA Society SL and CSE train financial literacy ambassadors from state universities
The Colombo Stock Exchange (CSE) and the CFA Society Sri Lanka wish to appoint “Financial Literacy Ambassadors” from state universities in Sri Lanka and to conduct a training session on financial literacy for them on 26th January 2023, from 9.00 am to 12.00 noon at the CSE Auditorium in Colombo. This is in line with […]
”’; Maintains negative watch
Fitch Ratings has downgraded Co-operative Insurance Company PLC’s (CICPL) National Insurer Financial Strength (IFS) Rating to ‘BBB(lka)’ from ‘A-(lka)’ and maintained the Rating Watch Negative (RWN) following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers […]
MAS announces joint venture with Tata Group’s Trent Ltd in India
MAS Amity Pte. Ltd., a subsidiary of MAS Holdings, signed a joint ventureagreement with Tata Group’s Trent Ltd, setting up an entity in India for the joint development of business into intimate wear and other apparel related products. Over time, MAS and Trent would pool their domain expertise to undertake design, development and manufacturing of […]
Foreign Minister Ali Sabry to visit Saudi Arabia
Minister of Foreign Affairs Ali Sabry is scheduled to make an official visit to the Kingdom of Saudi Arabia from 23-27 January 2023 on an invitation of the Minister of Foreign Affairs of the Kingdom Prince Faisal bin Farhan Al Saud. The Minister is scheduled to meet with Foreign Minister Farhan Al Saud and discuss […]
Sri Lanka agrees in principle on a renewable energy framework with India
India’s External Affairs Minister Dr. S. Jaishankar today announced that Sri Lanka and India have agreed in principle on a renewable energy framework. Dr. Jaishankar said that India will encourage greater investments in the Sri Lankan economy, especially in core areas like energy, tourism, and infrastructure, and count on the Government of Sri Lanka to […]
We expect that all bilateral creditors are dealt with equally: S Jaishankar
External Affairs Minister of India Dr. S. Jaishankar says that they extended financing assurances to the IMF to clear the way for Sri Lanka to move forward with the expectation that this will not only strengthen Sri Lanka’s position but ensure that all bilateral creditors are dealt with equally. Speaking to journalists in Colombo on […]