Global Fashion Brands Face Legal Complaints On Labour Rights Violations at Hirdaramani Mercury Apparel
Sri Lanka’s Stand Up Movement and Commercial & Industrial Workers’ Union (CIWU) filed a complaint with the Labour Commissioner to conduct an inquiry into nonpayment of workers’ wages and bonuses,…
India Denies Approving Sri Lanka’s WCT Deal with Adani group
India on Friday denied Sri Lanka’s announcement that New Delhi had cleared the proposal of an Adani group company to develop the West Container Terminal (WCT) at Colombo port, according to…
Gembridge appoints top gem merchant Armil Sammoon as its ambassador to Sri Lanka
Digital coloured gemstone trading platform Gembridge appointed top gem merchant Armil Sammoon as its ambassador to Sri Lanka. Under its global ambassador network, Gembridge plans to popularise the trading platform…
Sri Lanka brings back offer of developing deep-sea port to India and Japan
Sri Lanka is once again offering a strategically located deep-sea port to India and Japan as the island seeks to balance traditional ties against China’s rising regional influence. The government…
COPE Orders to Sri Lanka Insurance submit a report on Maldives and Seychelles Branch Closures
Sri Lanka’s Legislative Committee on Public Enterprises (COPE) has ordered the State-Owned Sri Lanka Insurance Corporation (SLIC) to submit a report expeditious on its decision to close operations in Maldives…
Sri Lanka seeks $2.2 bn from China as reserves shrink
Sri Lanka is seeking $2.2 billion from Chinese banks, the government said Thursday, in echoes of a borrowing binge more than a decade ago that resulted in the country having…
Pakistan Offers $50 Million New Credit Line to Sri Lanka to Boost Defence Ties
Cash-strapped Pakistan has offered a $50 million new credit line to Sri Lanka to boost cooperation in the defence and security sectors. Pakistan Prime Minister Imran Khan announced the new…
Pakistan Pitches China-backed CPEC to Sri Lankan Investors
Pakistan’s Prime Minister Imran Khan who’s currently on his maiden official visit to Sri Lanka has invited Sri Lanka’s business community to invest in the $46 billion China-Pakistan Economic Corridor (CPEC)…
Sri Lanka CB says controlling foreign debt will ‘no doubt’ require some austerity
(Reuters) : Sri Lanka’s central bank governor said on Wednesday lowering the country’s reliance on foreign debt will require some austerity, as Colombo attempts to shore up confidence in its…
Spotify to Expand into Sri Lanka over the next few days
Swedish audio streaming and media services provider and the world’s largest music streaming platform, Spotify announced that it would expand into Sri Lanka over the next few days, as it…