The “Sor Cashmere” company collaborates with more than 150 local knitting workshops and exports its products to 17 countries, including the Federal Republic of Nepal, Japan, the Russian Federation, the People’s Republic of China, the United States, the Republic of Korea, the Italian Republic, the Republic of Kazakhstan, and the Republic of India. The company […]
Read MorePresident Anura Kumara Dissanayake stressed that Sri Lanka’s only viable path for recovery is to continue on the current International Monetary Fund (IMF)-backed path and to build up the economy on this foundation. He shared these remarks at the 26th Presidential Export Awards Ceremony held in Colombo yesterday. “Either we can collapse with this foundation […]
Read MoreThe government’s ambitious target to attract Nu 500 billion Foreign Direct Investment (FDI) over the next five years seems a long way off if FDI inflow in 2024 is any indication. Only 17 projects worth Nu 15.96 billion were approved in 2024, according to the latest FDI Annual Report. This is, however, a 110 percent […]
Read MoreThe country has received Rs 763.08 billion in remittances during the first half of the current fiscal year, according to the Ministry of Finance. In its mid-term review report, the Ministry noted that remittance inflows grew by 4.1 percent compared to the same period last year. However, remittance inflows had increased by 22.2 percent during […]
Read MoreUnited Nations Secretary-General Antonio Guterres told President Donald Trump on Wednesday to avoid ethnic cleansing in Gaza after the U.S. leader proposed that Palestinians resettle elsewhere and the United States take over the war-torn enclave. “In the search for solutions, we must not make the problem worse. It is vital to stay true to the […]
Read MoreA Burmese refugee with lung problems died after she was discharged from a U.S.-funded hospital on the Myanmar-Thai border that was ordered to close as a result of U.S. President Donald Trump’s freeze on foreign aid, her family said. Pe Kha Lau, 71, died on Sunday after becoming short of breath four days after she […]
Read MoreSingapore’s disgraced former transport minister S. Iswaran, jailed last year for obstructing justice and receiving more than $300,000 of gifts, will serve the remainder of his sentence under house arrest, the prisons service said on Friday. Iswaran was the first former cabinet member to be jailed in Singapore after a high-profile trial that gripped the […]
Read MoreBangladesh has objected to a speech that its ousted prime minister Sheikh Hasina made from India and asked New Delhi to stop her making “fabricated” comments, its foreign ministry said on Friday. In response, India summoned Bangladesh’s envoy and said Hasina had made her comments as an individual. It said conflating her speech with India’s […]
Read MorePhilippine Vice President Sara Duterte said on Friday she had been preparing since last year for impeachment and would welcome on her defence team her firebrand father, former President Rodrigo Duterte, if interested to join. Sara Duterte said she had not read the complaint against her endorsed by majority of lower house members but her […]
Read MoreAbout 500 workers at Samsung’s (005930.KS), opens new tab plant in south India are holding a sit-in to protest against the suspension of three employees, and the company has deployed contract workers to fill the gap, two sources said. It was the second significant labour dispute in less than six months at the plant in […]
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