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NEXT Recognises Trae Union at its Plant in Sri Lanka

The British multinational clothing, footwear, and home products retailer, NEXT agreed to recognize the newly formed branch of Free Trade Zones and General Services Employees Union (FTZ & GSEU) at its plant (Next Manufacturing (Pvt)…

Farmers move to occupy a critical elephant corridor in Sri Lanka

By Malaka Rodrigo Earlier this month, more than 300 people gathered near the borders of the Dahaiyagala Wildlife  Sanctuary in Sri Lanka’s Uva province armed with axes, long knives, ropes and handheld…

Sri Lanka Signs $500M emergency loan agreement with China as rupee hits record low

Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record…

Cabraal Leads Sri Lankan Delegation to Lulu Regional Office

A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms H E Ajith Nivard Cabraal visited Lulu regional headquarters recently.…

Sri Lanka finalizes air bubble pact with India to resume air travel

India has finalized a bilateral air bubble arrangement with Sri Lanka for the operation of special international passenger flights between the two countries, the Civil Aviation Ministry said on Saturday.…

MolecuLight Appoints Nanomedix as a specialized Distributor in Sri Lanka

 MolecuLight Inc., the leader in point-of-care fluorescence imaging for detection of wounds containing elevated bacterial loads Nanomedix (PVT) LTD as the specialized Distributor in Sri Lanka for its i:X fluorescence…

Sri Lanka Among 30 Nations Joining A Global Initiative to Tackle Marine Litter

A major international project that will help reduce marine plastic litter from maritime transport and fishing sectors is up for a successful start, after getting 30 countries including Sri Lanka on board.…

Central Bank Retain Policy Rates At the Current Levels

The Monetary Board of the Central Bank of Sri Lanka (CBSL) decided to maintain the policy interest rates of the Bank at the current levels. “The Board observed the stronger…

Policy Rates to Hold Steady As Indicators Make Headway – First Capital Research

The Monetary Board of the Central Bank of Sri Lanka (CBSL) is widely expected to hold policy rates steady in the upcoming Policy Review meeting, according to First Capital Research…

Sri Lanka’s President bans Palm Oil Imports, Orders Companies to Uproot Palm Oil Plants…

Sri Lanka’s President Gotabaya Rajapaksa has instructed to completely ban the importation of Palm Oil with immediate effect while ordering plantation firms to uproot Palm Oil Plants in a phased-out…