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Colombo International Tea Convention to drive global dialogue on Tea as a Lifestyle and a Livelihood

The Colombo International Tea Convention will be held from the 24th to the 26th July 2024, bringing together the biggest leaders and disruptors of the tea industry to inspire insightful…

Ocean freight rates set to spike after Iran seizes container ship

Maritime industry experts are projecting a surge in freight rates and insurance charges—known as war risk premiums—following the move by Iranian military forces on Saturday to seize a commercial container ship…

McLarens Lubricants join forces to power the revival of Fox Hill SuperCross 2024

McLarens Lubricants, in collaboration with Mobil as the Official Lubricant Partner, is set to reignite the tracks at Fox Hill Supercross 2024. The event is scheduled to be held on…

Fostering Collaboration and Unity: Sri Lanka Pakistan Business Council’s Diplomatic Outreach

The Sri Lanka Pakistan Business Council of The Ceylon Chamber of Commerce recently paid acourtesy call on the newly appointed High Commissioner of Pakistan in Sri Lanka, Major General (R)…

Debt-for-nature swaps could give $100 billion boost to climate fight, says report

(Reuters) – Debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against…

New Partnership to Foster Climate Resilience in Sri Lanka as IFC Emphasize Support for the Nation’s Development Agenda

o bolster growth and combat climate change, the International Finance Corporation (IFC) and Citizens Development Business Finance PLC (CDB)—a leading non-banking financial institution in Sri Lanka—are partnering to enhance CDB’s…

Sri Lanka fulfilled nearly $2bn foreign debt servicing commitments after declaring foreign debt default

The government has settled over $ 1.9 billion in foreign debt and interest payments between President Ranil Wickremesinghe’s assumption of office and February 2024, according to Rajith Keerthi Tennakoon, President’s…

Sri Lankan Prime Ministers Beijing Visit an Invitation for Chinese Strategic Expansion 

By Asanga Abeyagoonasekera Six months before the presidential elections, Sri Lankan Prime Minister Dinesh Gunawardena visited China to meet Chinese Premier Li Qiang. During the meeting, Li Qiang said, “China…

Nissan launches The Arc business plan to drive value and enhance competitiveness and profitability

Nissan to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and harness partnerships to achieve Ambition 2030 vision YOKOHAMA, Japan: Nissan Motor Co., Ltd, today launched The…

Regulations on the Colombo Port City’s duty-free shopping complex submitted for cabinet approval amid legal concerns

The Committee on Public Finance (COPF) informed the Secretary to the Ministry of the Investment Promotion to intervene with immediate effect to arrive at a decision regarding a duty-free shopping…