Tech

ICT Sector Unlocks Value and Funding via Capital Markets

The Colombo Stock Exchange (CSE), in collaboration with the U.S. Agency for International Development (USAID), SLASSCOM, and FITIS, recently hosted a forum titled “Unlocking Value via Capital Markets and Funding Options for the IT Sector.” The event focused on empowering Sri Lanka’s ICT sector by showcasing alternative funding sources and educating companies on the process

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International Economic Developments

Biden Commits to Strengthening US-Sri Lanka Ties in Letter to Dissanayake

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

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Industry Analysis

CBL Global Foods Partners with USAID to Transform Sri Lanka’s Coconut Industry

CBL Global Foods Limited, a subsidiary of the CBL Group, has teamed up with the United States Agency for International Development (USAID) to enhance the coconut industry by boosting productivity and market access for small and medium-scale farmers. Supported by USAID’s CATALYZE Private Sector Development (PSD) food solutions initiative, this collaboration introduces advanced farming techniques

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Tech

Sri Lanka’s Solar-Powered EV Project Wins Innovation Award

Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has been recognized for its innovative approach to clean energy and economic development. Here’s a breakdown of the key points: Project Details: Benefits: Additional Notes: Overall, this project showcases a successful collaboration between the U.S., Sri Lankan government, and private sector to achieve sustainable development goals.

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