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Navigating through High Maritime Freight Rates

By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…

Sri Lanka to End Covid Lockdown on Oct 1; Medical Experts Warn Against Reopening

Sri Lanka will end its COVID-19 lockdown enforced last month on October 1, health minister Keheliya Rambukwella said on Wednesday, even as the medical professionals warned against the unrestricted re-opening…

Emirates extend Suspension of inbound flights from Sri Lanka up to 7th August

UAE’s flagship airline Emirates confirmed yesterday that the suspension of inbound flights from Sri Lanka, India, Pakistan, and Bangladesh has been extended at least till August 7, 2021. The airline…

United States Provides $75 million to NDB Bank to Strengthen Sri Lankan Small and Medium Businesses

The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic.  The U.S. International Development Finance Corporation…

Ceylon Chamber welcomes acceleration of vaccine drive

The Ceylon Chamber of Commerce commends the efforts taken by the President, Ministry of Health, and other relevant authorities to accelerate the process of vaccinating the population of Sri Lanka…

A surging crisis in Sri Lanka: A new wave of COVID-19 is causing chaos

By Jeevethan Selvachandran Over the last few months, the world has watched India struggle through an unimaginable COVID-19 situation – over the first half of 2021, the pandemic’s second wave wreaked havoc…

Sri Lanka Retailers’ appeals for cost-sharing from Business Partners amid current economic crisis

The Sri Lanka Retailers’ Association (SLRA), the apex body for organized retail in Sri Lanka is requesting landlords, lessors, and business partners to reduce leases and rentals for the Association’s…

IMF Welcomes G7 Action to Support the World Exit the Pandemic Crisis

International Monetary Fund Managing Director Kristalina Georgieva made the following statement yesterday at the conclusion of her virtual participation in the G7 Leaders’ Summit: “I would like to thank Prime…

Costa Rica’s Rebeca Grynspan to Head UNCTAD

Rebeca Grynspan of Costa Rica will be the new Secretary-General of UNCTAD, the UN trade, and development body. Her nomination to the post by UN Secretary-General António Guterres was approved…

IATA Says Global Travel Restart Still Stalled In the Absence of Harmonized Measures-IATA

The International Air Transport Association (IATA) expresses frustration at the lack of coordination among governments worldwide for a data-driven risk-managed approach to re-establishing the freedom to travel while welcoming relaxation…