July 21, 2024 at 11:59 am | Uncategorized | No comment
Sri Lanka’s export performance in July 2024 showed positive growth, with merchandise exports reaching US$ 1,087.6 million, a 6.58% increase compared to July 2023. This rise was mainly driven by higher earnings from exports of key items such as Apparel & Textiles, Tea, Coconut-based products, Spices & Concentrates, and Seafood. Additionally, there was a 0.98% […]
Read moreJuly 20, 2024 at 1:53 pm | Uncategorized | No comment
On July 4, 2024, the United Nations Sustainable Stock Exchanges (UN SSE) initiative, in collaboration with the London Stock Exchange Group (LSEG), the IFRS Foundation, and other sustainability leaders, marked the first anniversary of the International Sustainability Standards Board (ISSB). This milestone celebration recognized the ISSB’s progress in developing global standards for sustainability-related disclosures, highlighting […]
Read moreJuly 20, 2024 at 1:46 pm | Uncategorized | No comment
Global transport and logistics output is expected to grow by 3.8% in 2024 and 4.0% in 2025, driven by increased industrial production and consumer demand worldwide. The sector is also poised to benefit from a recovery in Europe, which will support growth across various transportation modes. As industrial activity picks up and consumer spending rises, […]
Read moreJune 30, 2024 at 11:57 am | Uncategorized | No comment
The UK magazine industry continues to face challenges, with an overall Retail Sales Value (RSV) decline of 3.0% in the three months to March 2024. However, this marks a slight month-on-month (MoM) improvement of 0.5%. Monthlies showed signs of recovery, with a 0.9% MoM increase in both volume and value, despite annual declines. Over a […]
Read moreJune 28, 2024 at 12:13 pm | Uncategorized | No comment
The S&P 500 posted a slight gain on Thursday as investors awaited fresh inflation data to gauge potential interest rate cuts by the Federal Reserve. The broad market index edged up 0.09% to close at 5,482.87, while the Nasdaq Composite rose 0.30% to 17,858.68. The Dow Jones Industrial Average added 36.26 points, or 0.09%, finishing […]
Read moreJune 27, 2024 at 11:18 am | Uncategorized | No comment
The Red Sea crisis has significantly impacted the transshipment volumes at Colombo Port. According to the Daily Mirror, the port’s transshipment volumes recorded a growth of only 8.1% year-on-year (YoY) to 525,936 TEUs in April 2024, marking the lowest growth rate since November of the previous year, following consistent double-digit growth during the initial months […]
Read moreJune 27, 2024 at 9:12 am | Uncategorized | No comment
In this podcast, Chris Camacho, President and CEO of the Greater Phoenix Economic Council, highlights how Greater Phoenix has emerged as a key logistics hub and an attractive destination for businesses. He explains that the region’s growth is driven by factors such as its strategic geographic position, robust infrastructure investments, and a pro-business climate. These […]
Read moreJune 23, 2024 at 4:27 pm | Uncategorized | No comment
Sri Lanka has been elected to the United Nations Economic and Social Council (ECOSOC) for a three-year term starting on January 1, 2025. The election took place at the United Nations General Assembly (UNGA) on June 7, 2024, in New York, where Sri Lanka secured 182 votes out of 189 member states present, making it […]
Read moreJune 20, 2024 at 1:03 pm | Uncategorized | No comment
As online shopping has evolved into a marketplace dominated by extremely low prices, the hidden human cost behind these bargains has been significant. Consumers have grown accustomed to inexpensive products, but many of these come at the expense of ethical labor practices and fair working conditions. Retail giants like Shein and Temu have been at […]
Read moreJune 15, 2024 at 1:30 pm | Uncategorized | No comment
The Port of Colombo has achieved a significant milestone by being recognized as the best-performing port worldwide for the first quarter of 2024 by Alphaliner, a leading platform in the liner shipping industry. Colombo’s remarkable growth rate of 23.6% outperformed all other global ports, with the Port of Long Beach in Los Angeles following in […]
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