VIDEO: Introducing Sora — OpenAI’s text-to-video model
Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. "We’ll be …
Industry
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PMI indicates an expansion in Manufacturing and Services activities in January 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.6, indicating an expansion in manufacturing …
Sri Lanka signs direct air service agreement with Israel
Ports, Shipping, and Aviation Minister Nimal Siripala de Silva announced the signing of a direct air service agreement between Israel and Sri Lanka yesterday …
Top Universities to Compete in the CFA Institute Research Challenge Sri Lanka 2023/24
CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, the University of Sri Jayawardenepura, and two teams from the …
Fitch Rates Commercial Bank of Ceylon’s Basel III Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel IIIcompliant subordinated …
JICA President observing “The Investment Game” under Open Innovation Challenge
The Open Innovation Challenge (OIC), aiming to empower the Sri Lankan startup ecosystem by identifying and nurturing innovative ideas that have the potential …
SL High Commission in London hosts ‘Sri Lanka Business Drive 2024’
The High Commission of Sri Lanka in London in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC) organised ‘Sri Lanka Business …
Atlas empowers schoolchildren to conquer their dreams through joyful learning
Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students' dreams into vibrant realities by infusing joy into their …
Eran: Is Sri Lanka the only country where inflation decreases when commodity prices continue to increase?
Samagi Jana Balawega MP Eran Wickramaratne said that Government by appointing a committee to review the compliance of the MoUs signed with foreign countries …
CA Sri Lanka’s new President Heshana Kuruppu unveils visionary roadmap for next two years
Heshana Kuruppu, the newly elected President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), who recently assumed office as the 27th …
PetDoc wins gold and silver at NBQSA National ICT Awards
PetDoc, the trailblazer in pet health services in Sri Lanka, is thrilled to announce its recent achievements at the NBQSA National ICT Awards 2023. Recognizing …
CCC Outlook 2024: Anticipated rebound depends crucially on effective debt restructuring
The 9th edition of the annual flagship Outlook Report for 2024 by The Ceylon Chamber of Commerce was recently launched at the Economic Outlook 2024 seminar. …
All Island Dairy Association raises alarming concerns about detrimental impact of VAT
The All Island Dairy Association (AIDA) has voiced grave concerns regarding the Sri Lankan government's proposed increase in the Value Added Tax (VAT) from 15% …
Hidden Fees in Electronic Card Payments: A Call for Action
Sumedha Amarasinghe, the Deputy Secretary of the Association of Leasing and Debt Instalment Payers, has highlighted a significant issue with electronic card …
Power Purchase Agreement for 100 MW Ground Mount Solar Power Project in Siyambalanduwa
A power purchase agreement for the 100 MW Ground Mount Solar power project in Siyambalanduwa was signed by Rividhanavi (Pvt) Limited with CEB …
Hemas Holdings reports revenue growth of 10.3-pct in 2023/24 first nine months performance
Amidst the backdrop of relatively stable operating conditions in the domestic economy, Hemas Holdings PLC (HHL) demonstrated a steady performance in the first …
Relaxation of restrictions imposed on standing facilities
The Central Bank of Sri Lanka introduced restrictions on the usage of the Standing Facilities by the Licensed Commercial Banks (LCBs) under the Open Market …
Fitch Assigns Asia Asset Finance a First-Time Rating of ‘A+(lka)’; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based Asia Asset Finance PLC a first-time National Long-Term Rating of 'A+(lka)' with a Stable outlook. Asia Asset Finance …
RIUNIT Webinar: IMF, geopolitics, and Sri Lanka’s economic sovereignty
Sri Lanka, facing internal and external challenges, grapples with the aftermath of its external debt crisis, exacerbating existing economic issues. The Easter …
JKH records strong growth in EBITDA to Rs.13.7 Bn in Q3 2023/24
John Keells Holding says during the quarter under review, the Group reported a strong performance with all industry groups recording a growth in profits with …