Category: Featured
CTC appoints Fariyha Subhani as Managing Director
Ceylon Tobacco Company PLC (CTC) announced the appointment of Fariyha Subhani as Managing Director and Chief Executive Officer, effective 15 th April 2024. Subhani takes over the reins as Managing Director from Monisha Abraham, who was appointed to the position in December 2021. Prior to joining CTC, Fariyha served as Managing Director for Upfield (Private) Limited, South & Central Asia, […]
‘SriLankan Airlines and Air Seychelles embark on Codeshare Partnership’
SriLankan Airlines, the national carrier of Sri Lanka and Air Seychelles, the national airline of the Republic of Seychelles, have embarked on a codeshare partnership, ushering in seamless travel to multiple new destinations throughout Asia, Africa and Australia for their passengers flying between Colombo and Mahé. Connecting people and places across continents, the collaboration empowers […]
‘s National Digital Economy Strategy
Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its National Digital Economy Strategy. Crafted through a collaborative effort between government bodies, academia, industry stakeholders, and supported by the World Bank, this strategic blueprint stands as a testament to Sri Lanka’s commitment to […]
President of Iran to arrive in Sri Lanka to open Uma Oya today
President of the Islamic Republic of Iran Dr. Ebrahim Raisi is scheduled to make an official bilateral visit to Sri Lanka at the invitation of President Ranil Wickremesinghe to jointly declare open the Uma Oya Multipurpose Development Project on 24 April 2024. The Uma Oya Multipurpose Development Project, funded by Sri Lanka and Iran, is […]
Australia and Sri Lanka further strengthen ties with launch of new joint maritime security operation
Australia and Sri Lanka’s commitment to countering maritime security threats has been on display with the launch of a new joint maritime security operation in Colombo today. Aptly named Disi Rela, which means ‘keeping a watchful eye over the maritime environment,’ the new joint activity will see the Australian Border Force (ABF) and Department of […]
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]
Sri Lanka Agripreneurs Forum partners with USAID to conduct Agcelerator Bootcamp
In an effort to support young entrepreneurs in agriculture, the Sri Lanka Agripreneurs’ Forum (SLAF), a prominent agricultural business association in Sri Lanka, is collaborating with the United States Agency for International Development (USAID) to organize the Agcelerator Bootcamp. The Agcelerator Bootcamp, hosted by SLAF and supported by USAID Catalyze Sri Lanka Private Sector Development […]
’24
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 62.5 in March 2024, indicating an expansion in manufacturing activities. This marks the highest PMI-Manufacturing that was recorded in three years. All the sub-indices expanded on a month-on-month basis contributing to this increase, mainly driven by the seasonal demand. The […]
’24
Sri Lankan racing sensation Eshan Pieris is on the brink of a remarkable 2024 racing season. With a string of victories and a legacy that precedes him, Eshan gears up for the upcoming GT World Challenge Asia 2024, marking a significant chapter in his illustrious career. As a key member of the Absolute Racing family, […]
CEAT Kelani launches 3 new radial tyre variants
Sri Lanka’s leading pneumatic tyre manufacturer CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening choice for a significant segment of vehicle owners. Joining CEAT’s ‘Orion Brawo’ range, the new radials are in the sizes 155/65 R14, 165/70 R14 and 165 R13, with the first two sizes designated for popular […]
Interview: Three questions to Frank Dandy about moving production to Sri Lanka
BLOG SWEDEN SRI LANKA BUSINESS (https://blogg.sslbc.se) Since 2017, Daniel Hörnqvist has been the CEO of the Swedish fashion brand Frank Dandy. When he took over, he brought with him extensive experience from e-commerce and the outdoor market. This included responsibility for the launch of the e-commerce brand Bikester in the Nordic region in 2013. In […]
‘s growth forecast to 2.2-pct in 2024
In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest recoveries in reserves, remittances, and tourism. According to the World Bank’s the Sri Lanka Development Update, Bridge to Recovery, released today, inflation is expected to remain within the central bank’s target range and […]