Covering international economic developments, trade relations between countries, and geopolitical events that impact the global economy.
At a recent roundtable discussion organized by the Chamber of Young Lankan Entrepreneurs (COYLE), UAE Ambassador to Sri Lanka Khaled Nasser Al Ameri emphasized the potential for deepening bilateral ties between the United Arab Emirates (UAE) and Sri Lanka. The discussion, held on November 12 at Cinnamon Lakeside Colombo, focused on creating opportunities in trade,
The Consulate General of Sri Lanka in Dubai and Northern Emirates has backed the brand launch of ‘Naturalz’, a new initiative by the NRS Group of Companies, which took place on November 5 at the Pullman Hotel, Deira, Dubai. This launch showcases a diverse range of high-quality Sri Lankan products, including fresh fruit pulps, spices,
The Sri Lanka-Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce has successfully wrapped up a significant nine-member trade and investment mission to Canada. Running from 14 to 22 October, this mission aimed to deepen bilateral ties and explore collaborative opportunities across various sectors, including higher education, green agriculture, IT, and tourism. Led by
The Sri Lankan Embassy in Riyadh, in partnership with the Coconut Development Authority, successfully organized the debut participation of 10 Sri Lankan companies manufacturing coconut-based products at the 41st Saudi Agriculture Expo 2024. Held from October 21–24 at the Riyadh International Convention and Exhibition Centre, the event marked a significant milestone for Sri Lankan agricultural
X-Press Feeders, headquartered in Singapore, has solidified its position as the world’s largest common feeder operator, significantly widening the gap over its main competitor, Unifeeder. Ranked 13th in the Alphaliner Top 100, X-Press has expanded its fleet capacity by 21.8%, adding 35,000 TEUs since October 2023. This growth outpaces the global liner fleet, which has
The Ambassador of the Republic of Korea, Miyon Lee, paid a courtesy visit to President Anura Kumara Dissanayake at the Presidential Secretariat on October 9th. The meeting marked a significant step in strengthening the bilateral relations between Korea and Sri Lanka. Ambassador Lee congratulated President Dissanayake on his inauguration and extended best wishes from Korean
In a letter to Sri Lanka’s newly elected President Anura Kumar Dissanayake, US President Joe Biden expressed a commitment to strengthening ties between the two nations, focusing on economic development, regional security, and democratic governance. The letter, described by Sri Lanka’s President’s Media Division (PMD) as a “significant gesture of diplomatic goodwill,” followed Dissanayake’s recent
As Sri Lanka approaches the completion of its debt restructuring process, optimism is rising for the resumption of long-stalled development initiatives. Eleven Japanese-funded projects, previously halted due to the country’s economic and political turmoil, are set to restart. Economists stress that while ongoing projects will be reinstated, any new ventures will depend on Sri Lanka’s
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Melbourne (SLCG) and the Sri Lanka-Australia Chamber of Commerce (SLACC), successfully organized a trade delegation to Melbourne, Australia, from September 2 to 6. This initiative brought together 17 distinguished Sri Lankan companies, chosen through a rigorous selection process based
The Export and Import (Exim) Bank of Korea has agreed to resume financial support for Sri Lanka’s development projects, according to the President’s Media Division (PMD). The decision was announced during a meeting between Exim Bank of Korea officials and Secretary to the President Nandika Sanath Kumanayake at the Presidential Secretariat on Thursday (03). Financial