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WEBThe Safe Processing in Cooperative Enterprises (SPICE) cooperative development project follows three farmer cooperatives in Sri Lanka, India and Guatemala Frontier Co-op, a leading supplier of sustainably sourced and organic spices, herbs and botanicals, has completed its multi-year Safe Processing in Cooperative Enterprises (SPICE) cooperative development project supported by the United ...
BOI Sri Lanka discusses strategic investments in key sectors to …
WEB2 days ago · The Board of Investments of Sri Lanka successfully hosted an investor roundtable titled “Supporting Sri Lanka’s Recovery Through Resource Commitment” at the Ministry of Investment Promotion, Colombo on September 2, 2024.The event brought together prominent Sri Lankan and Indian investors, industry leaders to explore strategic investment opportunities aimed at supporting Sri Lanka’s ...
Canton Fair Organizers visited EDB to scale up trade ralationship ...
WEB1 day ago · A delegation from the Canton Fair Operations Department of China visited Sri Lanka Export Development Board (EDB) on 30 th August 2024 to scale up trade relationship between the two countries through participating at trade promotional events such as Canton Fair 2024.. China is the 10 th export destination for Sri Lanka in 2023. The total export value from Sri Lanka to China was USD 258 Mn in ...
PickMe’s IPO oversubscribed - Adaderana Biz English | Sri Lanka ...
WEBSep 13, 2024 · Digital Mobility Solutions Lanka Limited, known as PickMe, has successfully concluded its Initial Public Offering (IPO), demonstrating robust investor interest. The company offered 43,474,179 shares at a price of LKR 36.00 per share, and the issue has been oversubscribed. As detailed in the prospectus dated September 3, 2024, the subscription list will officially close today...
Harnessing Solar and Wind power in transitioning Sri Lanka …
WEB2 days ago · By Prof. Asanka S. Rodrigo Sri Lanka stands at crucial crossroads. With an increasing reliance on imported fossil fuels, amidst global climate challenges and energy security concerns, the nation faces mounting economic and environmental pressures. However, the island nation, blessed with abundant natural resources presents a unique opportunity to transition to a more sustainable energy...
Sri Lanka: State of the Economy 2023 - Ada Derana
WEBOct 17, 2023 · Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the …
Sri Lanka Achieves $9 Billion in Export Income in First Half of 2024
WEBAug 22, 2024 · State Minister for Investment Promotion, Dilum Amunugama, announced that Sri Lanka has secured an export income of USD 9 billion in the first six months of this year. He also highlighted that investment agreements totaling approximately USD 800 million have been signed during the same period. State Minister Amunugama shared this information at a press...
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEBSri Lanka Parliament Approves Offshore Banking Regulations at Port City Colombo. Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ...
Supreme Court Refuses Stay Order against Adani’s Green Energy …
WEBAug 2, 2024 · The fuller five-member senior bench in the Supreme Court (SC) appointed by CJ to hear the Adani Wind Power case citing the importance of this National Project to the economy and Energy Sustainability in Sri Lanka today (02) rejected the request for an early hearing and extension of support days by Petitioners and said the court would list …
Analysis Archives - Adaderana Biz English | Sri Lanka Business News
WEBSep 4, 2024 · Beyond Red Tape: How Digitalization Can Save Sri Lanka’s Economy. In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption ...