China’s Alibaba interested in investing in Sri Lanka

China’s Alibaba interested in investing in Sri Lanka

Colombo, Jan 19 (NIA) – China’s e-commerce giant, Alibaba has shown keen interest in investing in Sri Lanka and to build an e-Commerce platform to further promote it’s on-line business ventures, Sri Lanka’s Finance Ministry said in a statement here on Thursday. Sri Lanka’s Finance Minister Ravi Karunanayake, held discussions with the Founder of Alibaba Group, Jack Ma, […]

Chinese middle class patients prefer treatment in foreign hospitals

Chinese middle class patients prefer treatment in foreign hospitals

By Teng Jing Xuan and Li Yan/Caixin At the Cancer Institute Hospital of JFCR in Tokyo, Chinese nationals account for almost half of all international patients. But  Japan isn’t the only place where Chinese medical tourists are making their presence felt. Each popular destination has its specialty — vitro fertilization in Los Angeles and Bangkok […]

Sri Lanka has many domestic barriers to export, says Verite Research

Sri Lanka has many domestic barriers to export, says Verite Research

Colombo, January 18 (The New Indian Express): Apart from Non-Tariff Barriers (NTBs) in other countries, domestic trade barriers of various kinds also hamper Sri Lanka’s agricultural exports, reveals a recent study done by Verite Research (VR), a Colombo-based think tank. Briefing the media on the findings of the study here on Wednesday, economists Nishan de […]

Aid in reverse: how poor countries develop rich countries

Aid in reverse: how poor countries develop rich countries

By Jason Hickel/The Guardian We have long been told a compelling story about the relationship between rich countries and poor countries. The story holds that the rich nations of the Organization for Economic Cooperation and Development (OECD) give generously of their wealth to the poorer nations of the global south, to help them eradicate poverty […]

Sri Lanka meets eligibility criteria for GSP Plus, says EU technical report

Sri Lanka meets eligibility criteria for GSP Plus, says EU technical report

Colombo, January 16 (The New Indian Express): The report of the European Commission’s technical team which examined Sri Lanka’s application for the restoration of General System of Preferences Plus (GSP+) duty concessions has concluded that the island nation now meets the eligibility criteria as set out in Art 9 (1) of the GSP regulations. Subsequent […]

New Qatar residency law makes job change easier for expats

New Qatar residency law makes job change easier for expats

Doha, December 1 (The Peninsula): Under Law No 21 of 2015 regulating the entry, exit and residency of expatriates, which will come into force on December 13, makes changing jobs easier for expatriates across the board. Among the many things that the comprehesive law says is that  the service period of an expatriate employee will […]

Sri Lankan Airlines begins direct flights to Gan Island, Maldives

Sri Lankan Airlines begins direct flights to Gan Island, Maldives

Colombo, Dec 1 (NIA) – Sri Lanka’s state-run ‘SriLankan Airlines’, on Thursday, began direct flights to Gan Island in the Maldives, becoming the only airline to operate international flights to Gan International Airport. In a statement, Sri Lankan Airlines said that the route would be operated with four weekly flights. “Accordingly, Gan Island operations will […]

Sri Lanka, Bangladesh likely to sign FTA in March

Sri Lanka, Bangladesh likely to sign FTA in March

Colombo, Nov 10 (NIA) – Sri Lanka and Bangladesh are likely to sign a Free Trade Agreement in March, next year, which will boost trade and pave way for a huge cross border cargo transshipment via the Port of Colombo, the Commerce Ministry said in a statement on Thursday. Bangladesh’s Commerce Minister, Tofail Ahmed, who is […]

Nepal-made products are steadily gaining visibility and recognition around the world

Nepal-made products are steadily gaining visibility and recognition around the world

Sahina Shrestha/Nepali Times When discussing products from Nepal, the first things that usually come to mind are handicrafts, carpets and pashmina shawls. Those were Nepal’s traditional exports, but there are new Made in Nepal items that are steadily gaining popularity around the world. Entrepreneurs say pushing a product with a Made in Nepal tag actually adds value, […]

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