Spectrify AI to launch agri-tech revolution in Sri Lanka
Spectrify AI, a part of VeracityAI Sri Lanka’s fastest going AI company announced the launch of a new suite of solutions specifically designed to radically …
Industry
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Mastercard partners with Sri Lanka Tourism Promotion Bureau to help revive tourism
Expanding on its longstanding partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB), Mastercard today announced that it has entered into an agreement …
Foreign Minister underscores importance of economic partnership with Indonesia
Ambassador of Indonesia in Colombo I. Gusti Ngurah Ardiyasa paid a courtesy call on Foreign Minister Dinesh Gunawardena at the Foreign Ministry recently. …
SLRA to host Asia Pacific Retail Convention and Exhibition 2024
Sri Lanka Retailers’ Association (SLRA) aims to be the apex body of the retail industry in Sri Lanka with an ambitious vision of ‘Achieving Retail …
Opinion: Decoding Sri Lanka’s fintech regulatory sandbox
By Imesha Dissanayake The sandbox concept evolved from the children’s learning game, vindicating the old “test and learn” approach to foster innovation. …
Strategic Economic Partnership to boost business opportunities with Thailand
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Minister Dinesh Gunawardena recently and discussed ways of …
PUCSL did not cause a delay in implementing the power generation plans
Not limiting to the approval of Power Generation Plan the Commission urged the relevant parties to implement the power generation plans without a delay The …
Supplementary festival credit facility for employees in public and pvt sector
President has directed to provide a Supplementary Festival Credit facility to all interested employees in the public and private sector as well as Samurdhi …
Challenging operating environment to weigh on Sri Lankan Banks
Sluggish economic activity, external and domestic vulnerabilities, muted private credit growth and the sovereign's weakened credit profile are significant …
Renuka Holdings rights issue raises over Rs 1bn
Dec 17, 2020 (LBO) – Renuka Holdings PLC’s rights issue concluded on the 16 of December raising 1.082 Bn, higher than the required 1.03 Bn for the complete …
BLOCKCHAIN-POWERED LAND REGISTRY: EFUTURES
Real Estate is one of the largest markets/industries in the world. In 2018, Real Estate market transactions reached $1.75 trillion. It is important to note …
Union Assurance disrupts the future of life insurance with clicklife
Union Assurance PLC, a John Keells Company announces the launch of Clicklife, a turnkey product that offers protection plans in a secure, streamlined, and …
A protracted downturn could weaken Abans’ leverage vs Singer: Fitch Ratings
Dec 16, 2020 (LBO) – Fitch Ratings believes Sri Lanka-based consumer-durables retailer Abans PLC's (BBB+(lka)/Negative) leverage will rise faster than that …
President explores possibility of rapidly adding renewable energy to national power supply
President Gotabaya Rajapaksa examined the possibility of rapidly adding renewable energy sources such as wind, solar and natural gas to the power grid. Many …
Hemas divests its shareholding in Serendib Hotels
Dec 15, 2020 (LBO) – Hemas Holdings PLC (HHL) has divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings …
USD9Bn ADB facility to help members access and distribute COVID-19 vaccines
The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable …
Sri Lanka to partner with Thailand in diversified areas for economic cooperation
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Secretary Admiral Prof. Jayanath Colombage recently and discussed …
The digital world and the software that powers it: the biggest trends for 2021.
The industry of software development in Sri Lanka is always on its toes when it comes to the latest happenings in the digital world – and for good reason. …
Pelwatte Dairy hails budget; appreciates govt proposals to develop dairy Industry
Pelwatte Dairy Industries, the local dairy giant consents to the budget 2021 tabled recently, it expressed its appreciation towards the measures proposed to …
Banks restricted from purchasing ISBs of Sri Lanka to ease pressure on exchange rate
Dec 13, 2020 (LBO) – The Central Bank requires the licensed commercial banks and National Savings Bank (NSB) to suspend the purchase of Sri Lanka …