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Sri Lankan e-commerce leader, Kapruka.com, unveiled its new platform, Kapruka Partner-Central, on February 29th, aiming to empower businesses and revolutionize the online selling experience. This launch event, held at the Lotus Tower in Colombo, marks a significant step towards creating a more inclusive and dynamic e-commerce ecosystem in Sri Lanka. A Platform Built for Partnership
Turkey’s battle against inflation took a sharp turn for the worse in February, with the annual rate surging to a 15-month high of 67.07%. This exceeded analyst expectations and reignited concerns about the effectiveness of the central bank’s monetary policy strategy. The Turkish Statistical Institute’s announcement on Monday revealed a steeper-than-anticipated rise in inflation compared
Sri Lanka’s national carrier, SriLankan Airlines, is undergoing a significant restructuring effort to attract new investors. The government aims to make the airline more appealing by absorbing a substantial portion of its debt and implementing cost-cutting measures. The government plans to absorb $512 million of the airline’s debt, hoping to reduce the overall burden to
A groundbreaking new report by the World Bank Group reveals a shocking reality: the global gender gap for women in the workplace is far wider than previously thought. When factors like safety from violence and access to childcare are considered, women enjoy just 64% of the legal rights afforded to men, significantly lower than the
China, once boasting an economic juggernaut, finds itself at a crossroads. While setting an ambitious growth target of 5% for 2024, Premier Li Qiang acknowledged the “difficulties” faced by the economy, highlighting ongoing challenges and the need for course correction. The immediate concerns are a struggling property sector, a volatile stock market, high youth unemployment,
Germany is eyeing enhanced economic partnerships with India, drawn by the country’s youthful population and rapidly growing economy, making it a prime target for industrialized nations seeking to bolster trade relations. However, navigating regulatory standards poses a significant hurdle, particularly concerning laws like the German Act on Corporate Due Diligence Obligations in Supply Chains. This