SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul. Richard Nuttall, Chief Executive Officer of SriLankan Airlines stated: “We are delighted to launch our first-ever codeshare partnership with Korean Air, and boost…
President Ranil Wickremesinghe on Sunday made a compelling case for the need to introduce a new legal framework to modernise the economy. He revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation. Furthermore, the President highlighted the necessity of passing an additional 62 laws…
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app’s risk assessment report…
The President of Japan International Cooperation Agency (JICA) has commended President Ranil Wickremesinghe’s commitment to the program aimed at implementing economic reforms in Sri Lanka, acknowledging its challenging nature. Dr. Tanaka Akihiko made these remarks when he called on the Sri Lankan leader on (Feb.14), according to the President’s Media Division (PMD). In response, President…
President Director General (Community Affairs), Rajith Keerthi Thennakoon, announced the initiation of an “Odapana” loan scheme during a meeting held at the President’s Office the day before yesterday (14). This loan scheme, implemented in response to President Ranil Wickremesinghe’s directives, aims to address the financial challenges encountered by small and medium-scale rice mill owners, rice…
The Asian Development Bank has pledged to assist in developing Smart Agriculture in Mahaweli Zones in a positive move made over a request made by Minister of Irrigation, Wildlife and Forest Resources Conservation Pavithra Wanniarachchi. Accordingly, ADB has pledged to provide US$ 8 million to introduce modern technology in the field of agriculture and livestock…
Tourism Minister Harin Fernando disclosed that three out of four potential parties are Indian companies that are shortlisted to buy Hotel Developers Lanka Ltd., the owning company of the popular five-star Hilton Colombo. “Most probably it will go to an Indian firm,” he said speaking at the Sri Lanka Tourism Networking Evening held recently in…
Sri Lanka is accelerating its push for free trade agreements (FTAs) with key regional and global partners, aiming to finalize deals with India, Indonesia, Malaysia, Vietnam, and China by the end of 2024. This ambitious plan, announced by Foreign Affairs Minister Ali Sabry, seeks to boost the nation’s economic growth and competitiveness by opening up…
Prime Minister Srettha Thavisin, during the recent Sri Lanka – Thailand Business Networking event, highlighted the thriving economic relationship between the two sides, pointing out the Thailand-Sri Lanka Free Trade Agreement (FTA) as a milestone showcasing mutual confidence in the economic prospects of both nations. The trade between Thailand and Sri Lanka has witnessed a…
As Thai Prime Minister Srettha Thavisin prepares to visit Sri Lanka on February 3-4, the recently released trade data sheds light on the burgeoning economic relationship between the two countries. The visit, which will culminate in the signing of a free trade agreement (FTA), further solidifies this promising direction. According to oec.world, in 2021, Thailand…
