The World’s Best Stock Rally Is in Sri Lanka – Bloomberg
Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active, Bloomberg reported yesterday. Local traders have bought a gross Rs 155 billion…
Sri Lanka – Korea Business Councill urges Tourism Authorities to target high spending South Korean Tourists
Sri Lanka – Korea Business Council (SLKBC) urges the Tourism Promotion Bureau to target South Korea’s outbound tourism market to attract high-spending tourists to the country. “The Per Capita income…
EU Urges Sri Lanka to Notify Imposed Import Restrictions Measures to WTO
The Europan Union (EU) has urged Sri Lanka to notify import restrictions measures imposed since April 2020 to the World Trade Organisation (WTO), while stressing the need for a level…
Billionaires thriving as poor suffer in widening COVID-19 divide – Oxfam
(Thomson Reuters Foundation) – Billionaires including Amazon’s Jeff Bezos and Tesla founder Elon Musk have seen their wealth soar during the COVID-19 pandemic while the world’s poor face years of…
Renewables overtook fossil fuels in EU electricity mix in 2020
(Reuters) – Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank, a report…
Central Bank Bars Banks from entering into new forward FOREX contracts
Sri Lanka’s Central Bank (CB) yesterday barred banks from entering into new forward foreign exchange contracts for three months with immediate effect to contain excess volatility in the foreign exchange…
Sri Lanka emerging as a small, yet growing market for U.S consumer food products in South Asia
Sri Lanka which has the highest per-capita GDP in South Asia has emerged as a small, yet growing, consumer food products market for the exporters of the United States, according…
ADB Calls for Far-Reaching Reforms to Build Resilient Education Systems Amid COVID-19
Governments and stakeholders in Asia and the Pacific should initiate far-reaching reforms to strengthen the resilience of education and training systems as they deal with the coronavirus disease (COVID-19) pandemic,…
Huawei founder praises U.S. tech in first word from company since Biden inauguration
(Reuters) – The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the…
Sri Lanka wins ‘Marketing Innovation Award 2020” at Global CHINT Awards Ceremony
CHINT Energy (Pvt) Ltd., Sri Lanka’s authorized and sole distributor of CHINT electric products has been awarded the prestigious ‘Marketing Innovation Award’ at the CHINT Global conference held in January…