Launch of the Artificial Intelligence Readiness Assessment for Sri Lanka
The advent of Artificial Intelligence (AI) is ushering in rapid transformation across various economic sectors, promising to revolutionise industries …
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Epic Lanka unveils digitalization strategy beyond 25 years with 20 innovative products
Epic Lanka, a wholly Sri Lankan-owned fintech and digital transformation solutions provider with a quarter-century of experience in the IT industry, …
World Bank Approves USD150 Million to Strengthen Sri Lanka’s Financial Sector Safety Net
The World Bank Executive Board approved US$ 150 Million under the Sri Lanka Financial Sector Safety Net Strengthening Project to strengthen the …
Government pledges support for spice industry revival
President Ranil Wickremesinghe, called for a comprehensive program to revive the country's spice industry, which was once a major source of income. …
Fitch Downgrades Hela Apparel Holdings to ‘BB+(lka)’; Outlook Negative
Fitch Ratings has downgraded Sri-Lanka based Hela Apparel Holdings PLC's National Long-Term Rating to 'BB+(lka)', from 'AA- (lka)'. The Outlook is …
Sri Lanka’s Female Migrant Workers: Flying Abroad on Borrowed Time
By Manisha Weeraddana In a small roadside hut in Nattandiya, Asoka Malini, a returnee migrant worker, spends her days with a handful of …
John Keells Holdings PLC interim financial results for 2Q 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • During the quarter under …
DFC Commits Half Billion Dollars to Port Infrastructure in Colombo, Sri Lanka
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the …
IMF Executive Board Approves a Proposal to Increase IMF Quotas
The IMF Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review …
United States International Development Finance Corporation CEO Scott Nathan Visit to Sri Lanka
U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan will visit Colombo to participate in a launch …
Interview: CSE launch’s newest feature in trading, Stock Borrowing and Lending (SBL) and Regulated Short Selling (RSS)
What is Stock Borrowing and Lending (SBL)? Stock Borrowing & Lending (SBL) is a mechanism that is introduced by the Colombo Stock Exchange (CSE) …
Ceylon Chamber leads private sector engagement at India – SriLanka biz summit
The Ceylon Chamber of Commerce called for a new economic model focused on export-led investment and tourism, and facilitating the private sector as …
Empowering SL Women: Highlights from National Policy Conference on Women’s Access to Decent Work
By Kimuthu Kiringoda and Himani Vithanage In Sri Lanka, only 7.7% of working-age females are engaged in formal employment with decent wages and …
Dr. Melanie Ratnam, First Tamil Canadian Woman to be recognized for Canada’s Women’s History Month 2023
In October 2023, Woman and Gender Equality (WAGE) Canada recognized Dr. Ratnam as part of Women's History Month, an annual celebration highlighting …
Sri Lanka to host upcoming Asia Pacific Retailers Conference and Exhibition 2024
The Sri Lanka Retailers Association (SLRA), which serves as the foremost organization for organized retail in Sri Lanka, recently played host to the …
Cinnamon hotels and resorts to host celebrity Chef Gary Mehigan in Sri Lanka
Gary Mehigan, the renowned British-Australian Michelin Star celebrity chef and much-famed former original judge of MasterChef Australia, is gracing …
Government urged to crack down on tax evaders instead of taxpayers: Harsha
In a press conference held yesterday, MP Harsha de Silva, Chairman of the Committee on Public Finance, shed light on the government's tax collection …
Focus on Including Private Sector Proposals for Building the Economy in the Budget
President Ranil Wickremesinghe has announced his intention to prioritize the inclusion of proposals from the private sector in this year's budget and …
Ceylon Chamber Advocates for a Balanced Fiscal Approach Over Proposed VAT rate hike
The Ceylon Chamber of Commerce raises concerns regarding the proposed increase of the Value Added Tax (VAT) to 18%. While recognising the …
Sujeewa Lal Dahanayake elected as President-Elect at OPA AGM
Attorney-al-Law Sujeewa Lal Dahanayake was elected as the President-Elect at the Organization of Professional Associations (OPA) at the Annual …
Fitch Assigns Commercial Bank of Ceylon’s Basel III Subordinated Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III compliant …
Sri Lanka’s Mobile Network Performance Lags Behind in South Asia: Analysis
In a recent analysis by Opensignal, which examined the mobile network experiences of smartphone users across the six most populated countries in …
PUCSL electricity tariff revision discriminatory: Advocata
Electricity tariff design must meet two main objectives: firstly, raising the money needed to pay for the costs of provision, and secondly, sending …
RIUNIT launches comprehensive reports on South Asia’s real estate market trends
In a significant stride towards fostering transparency and informed decision-making within South Asia's real estate landscape, the Research …