Economics

Offshore Banking Regulations Gazetted for Port City Colombo’s Economic Zone

Port City Colombo has officially announced the gazetting of two critical regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence, for commercial operations within the Colombo Port City Special Economic Zone. This milestone was marked by Gazette Notifications 2394/66 and 2394/67 dated July 26, 2024. These regulations are a significant step towards establishing

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Industry Analysis

ALFT Packaging: South Asia’s Only Miraclon Lighthouse Project at Drupa 2024

ALFT Packaging, a leader in the flexible packaging sector, made a notable impact at Drupa 2024, the world’s largest trade fair for the printing and packaging industry held in Germany. Renowned for showcasing the latest in printing and packaging technologies, Drupa occurs every four years and attracts global industry leaders. At this year’s event, ALFT

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Tourism

Laos Grants Visa-Free Travel to Sri Lanka and 51 Other Countries

For the first time, Laos has granted visa-free travel access to Sri Lanka, along with 51 other countries, in an effort to boost the international tourism industry. This visa-free policy will be effective until December 31, 2024. Additionally, the duration of stay for a multiple-entry visa has been extended from 30 to 60 days. Other

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