The local rubber sector was severely impacted in the month of March, due to the rupee appreciation. This, along with the gradual decline of natural rubber prices in the regional commodity markets, caused a drastic drop in the prices of all rubber grades, brokers said.
The fourth Export Barometer Survey conducted by the Ceylon Chamber of Commerce highlighted a fall in exports in the second half of 2022, in line with the decline in national exports during the last quarter of the year.
Top officials from China will attend the World Bank and International Monetary Fund (IMF) spring meetings in Washington this week, their first attendance in person in three years after COVID-19 curbs limited them to virtual participation.
In the late 1990s, global retail giant and Britain’s largest retail chain Tesco sought to establish its apparel sourcing for its own apparel brand from Sri Lanka. Formally setting up the Sri Lankan sourcing office in 2001, the company started working with a number of manufacturers and suppliers who have become crucial to the success and standards of its ‘F&F’
The Sri Lanka India Society (SLIS) commemorated the 75th independence day of Sri Lanka along with the 74th republic day of India, at an elegant sit down dinner in the presence of a large gathering of members and guests.
Sri Lanka’s national carrier has been struggling against even more headwinds than many of its rivals. Airlines around the world have been buffeted by the impact of countries closing their borders during the pandemic and soaring fuel prices due to the Ukraine war.
In an exciting and highly positive development for Sri Lanka’s rebounding tourism industry, Hunas Holdings PLC – the company that owns the legendary, multigenerational favourite, Hunas Falls Hotel – has announced a landmark partnership with Azotels, a company owned and managed by the Hotelier of the Century, Adrian Zecha.
Visa, a leader in digital payment technology, expressed confidence in the local tourism sector playing an active role in helping Sri Lanka’s economy revive, provided the proper digital payment infrastructure is in place.