CNL Reporter, Author at Colombo News Line

Sri Lanka records growth in manufacturing and services in October

CNL Reporter
November 21, 2024
Business News
Sri Lanka records growth in manufacturing and services in October
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The country’s manufacturing and services sectors in October showed strong upturn, judging by the Purchasing Managers Index (PMI).The manufacturing PMI recorded an index value of 58.1 in October 2024, indicating an expansion in manufacturing activities.

Tea exports volume up 14% in October 2024.

CNL Reporter
November 21, 2024
Business News
Tea exports volume up 14% in October 2024.
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Sri Lanka’s tea exports in October have increased by 14% year-on-year (YoY) whilst value-wise, the growth was subdued.

Sri Lankan students in US increase by 10 percent

CNL Reporter
November 21, 2024
Education
Sri Lankan students in US increase by 10 percent
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The United States saw a 7% increase in international student enrollment in the 2023-2024 academic year, with 90% of students returning to in-person learning.

SL student enrollment in the U.S. goes up by 10%, growing educational ties: U.S. Embassy Colombo Reports.

CNL Reporter
November 20, 2024
Education
growing educational ties: U.S. Embassy Colombo Reports., SL student enrollment in the U.S. goes up by 10%
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The U.S. Embassy in Colombo has announced a significant 10% rise in the number of Sri Lankan students enrolled in U.S. colleges and universities during the 2023-2024 academic year,

Road to recovery: IMF hails Ranil govt.’s econ. recovery

CNL Reporter
November 20, 2024
Political
Road to recovery: IMF hails Ranil govt.’s econ. recovery
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Former State Minister of Finance Shehan Semasinghe claimed that the International Monetary Fund (IMF) had commended the former Government led by the then President and then Minister of Finance,

Sri Lanka Tourism to launch unified national brand from January

CNL Reporter
November 19, 2024
Travel and Tourism
Sri Lanka Tourism to launch unified national brand from January
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Chairman Buddhika Hewawasam says creative assets to be finalised next month with full-scale rollout set for January and peak promotional activities scheduled for May Stresses creating a consistent year-round destination image replacing campaign taglines to boost global appeal and maximise returns Opines previous campaign although conceptualised, lacked strategic breadth required for global tourism push Expresses confidence in attracting more tourists, …

Tourist arrivals in Sri Lanka surpass 1.7 million milestone

Sri Lanka’s tourism sector has reached a significant milestone, surpassing 1.7 million arrivals so far for 2024 with over 100,000 visitors welcomed during the first 17 days of November, signalling a strong momentum as the year-end holiday season approaches.

Aitken Spence reports robust performance; EBITDA up 10.4% to Rs. 8.9 b in 1H

CNL Reporter
November 19, 2024
Business News
Aitken Spence reports robust performance; EBITDA up 10.4% to Rs. 8.9 b in 1H
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Aitken Spence PLC, a leading conglomerate with a diverse regional presence, has reported an EBITDA (excluding impacts from foreign currency exchange gains and losses) of Rs. 8.9 billion for the six months ending 30 September 2024, reflecting a growth of 10.4%.