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Sri Lanka Prepares to launch its first official Tourism ‘Travel App’ to Assure post-COVID travelers with Unique Experiences

Sri Lanka is preparing to launch its first official Tourism ‘Travel App’ with the assistance of WorldBank and Asian Development Bank with a focus on enhancing the visitor experience and improving the…

CCC Partners with Australia’s Market Development Facility to promote inclusive and sustainable private sector-led growth

The Ceylon Chamber of Commerce (CCC) recently entered into an MOU with Market Development Facility (MDF), Australia’s flagship private sector development program, to support the private sector in innovating to…

New Investor to soon acquire Breadtalk’s Sri Lankan franchisee

RIL Properties PLC is progressing with negotiations with a potential investor to dispose of its entire stake in FoodBuzz (Private) Limited which owns franchise rights of BreadTalk in Sri Lanka. The…

Keells plans to open over 75 outlets by early 2024 amidst intensifying competition from newcomers

Feeling the heat from intensifying competition from newcomers, John Keels Holdings (JKH) re-targets to open over 75  Keells branded supermarkets by early 2024. “The Retail sector has seen intensifying pressure…

Bangladesh Offers $500M Lifeline to Sri Lanka ahead of $1B Dollar Bond Maturity

In a first for Bangladesh, the country has extended a lifeline of sorts to the beleaguered Sri Lankan economy, offering to top up the island nation’s depleting foreign reserves by…

Sri [email protected], with U.S. Support, Hosts Exponential Growth Webinar

Sri [email protected], with support from the United States, hosted a public webinar featuring Paul D. Roberts, an expert in methods for companies and entrepreneurs to leverage evolving technologies such as artificial…

Viper Networks Partners with Airtel, Hutch and SLT to Launch $100 M Smart City Project in Sri Lanka

A United States (U.S.)-based international leader in Smart City solution provider, Viper Networks Inc along with its local partner Inc entered into three (3) separate contracts with Sri Lanka Telecom…

CBSL to Launch a New Mechanism to Monitor Foreign Exchange Operations through Banking Sector in 2022

The Central bank of Sri Lanka (CBSL) is in the process of operationalizing an International Transactions Reporting System (ITRS) that will monitor both cross-border and foreign currency transactions in the…

Advocata Proposes Changes to Colombo Port City Commsion Bill to Maximize Economic Benefits for Sri Lankans

Colombo-based Pro-market Think-Tank, Advocata Institute proposed five key areas for the consideration of Sri Lanka’s Members of Parliament (MPs) in order to maximize the economic benefits of China-backed Colombo Port…

The Chamber Academy and ETIS Lanka conducts short Courses on Business Economics

The Chamber Academy of the Ceylon Chamber of Commerce together with ETIS Lanka recently concluded a short course in Business Economics.  The three-session course equipped participants with an alternative, more…