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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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Sysco LABS Toastmaster Achieves Top Honors at Division Competition
Recently, the Sysco LABS Toastmasters Club achieved a noteworthy accomplishment during the Divisional Toastmasters Contest. Afreen Rumie, who serves as a Senior Project Lead at Sysco LABS and also holds the position of club president,…
Business Updates
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Sri Lanka Implements Ban on Scrap Metal Exports to Protect Domestic Industries
FINANCIAL CHRONICLE – The Cabinet of Sri Lanka has sanctioned a proposal aimed at implementing legal measures to ban the export of scrap metal, which is considered harmful to domestic industries, according to Minister Nalinda…
Economy
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Sri Lanka Sees Inflation Rise to 2.2% in March 2026
FINANCIAL CHRONICLE – According to data released by the state statistics office, Sri Lanka’s inflation rate, as indicated by the Colombo Consumer Price Index (CCPI), stood at 2.2 percent for March 2026. The CCPI, a…
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Sri Lankan Rupee Gains Strength as Bond Yields Remain Stable
FINANCIAL CHRONICLE – On Thursday, Sri Lanka’s currency was valued at 315.20 to 315.60 against the US dollar in the spot market, showing an improvement from the previous quotation of 315.60/80 on Tuesday, according to…
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