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Sri Lanka’s Textile Industry Enhances Competitiveness Through UK’s DCTS Initiative
The United Kingdom’s updated Developing Countries Trading Scheme (DCTS), set to commence in January 2026, offers significant advantages for Sri Lanka’s garment industry, particularly benefiting small and medium-sized enterprises (SMEs) as they seek to establish a stronger presence in a crucial market. The key advantage of the revised scheme is its practicality. By simplifying the
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Cap Snap Lanka Achieves Six Global Certifications, Highlighting ISO-FSSC Accreditation
Cap Snap Lanka Pvt. Ltd., part of the CSL Group, has recently achieved a significant milestone by obtaining six internationally recognized certifications, including the Food Safety System Certification (FSSC 22000). This accomplishment was celebrated at…
Business Updates
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Sri Lanka Eases QR Restrictions to Support Agricultural Sector
Sri Lanka’s Department of Agrarian Development has implemented a new fuel distribution system for farmers that circumvents the conventional QR code procedures, a move aimed at ensuring food security, according to officials. Dhammika Ranatunga, the…
Economy
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ADB Commits $100 Million to Protect Sri Lanka from West Asia Conflict Impact
The Asian Development Bank (ADB) is prepared to provide an additional 100 million dollars in budget support as part of a financial package aimed at helping Sri Lanka mitigate the economic and financial impacts stemming…
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Sri Lankan Rupee Declines as Bond Yields Remain Stable
FINANCIAL CHRONICLE – On Tuesday, Sri Lanka’s currency was valued at 316.00/50 against the US dollar in the spot market, marking a decline from the previous day’s rate of 315.60/80, according to market dealers. Meanwhile,…
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