Ambassador of Sri Lanka to Romania Madurika Joseph Weninger, and Secretary of State at the Romanian Ministry of Labor and Social Solidarity, Gheorghita Daniela Barbu engaged in discussions recently. The meeting, which was a follow-up to the bilateral discussions held in July, 2024, underscored the growing cooperation between Sri Lanka and Romania in labour and…
Reuters – A U.S. agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India’s Adani Group on the agency’s prior agreement to lend more than $550 million to a Sri Lankan port development backed by the group. The U.S. International Development Finance Corp last…
CSSL proposed to establish a Chartered ICT Professional Entity for Sri Lanka The Computer Society of Sri Lanka (CSSL) proudly inaugurated the 42nd edition of the National Information Technology Conference (NITC) 2024, under the transformative theme “Catalyzing the Progressive Future Towards Society 5.0”. This year’s conference brings together luminaries from the technology, policy, and academic…
As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States, and Cambodia visited the Trincomalee and Hambantota ports on November 24th and 25th. The visits aimed to showcase Sri Lanka’s potential as a hub for maritime…
The Asian Development Bank (ADB) has approved a $200 million loan to upgrade Sri Lanka’s power sector infrastructure, enhancing the reliability of transmission and distribution networks and facilitating greater integration of renewable energy. “Driving power sector reforms, combined with targeted infrastructure interventions, is essential to facilitate competitive renewable energy development and reduce power generation costs,”…
Sri Lanka’s one of the largest private sector banks, HNB PLC announced the official appointment of Damith Pallewatte as Managing Director/Chief Executive Officer, effective from 22nd November 2024, following on his previous appointment as Acting CEO in April this year. A veteran Banking and Risk Management Professional with over 28 years of experience, including over…
SriLankan Airlines has secured the ‘Emerging Cargo Airline’ award for a second consecutive year at the Arabian Cargo Awards 2024, held on 11 November 2024 in Dubai. This achievement underlines the airline’s ongoing commitment to excellence in the air cargo sector, delivering reliable and efficient solutions globally. The Arabian Cargo Awards celebrates outstanding achievements in…
Target of generating $15 billion in economic value through digital initiatives by 2030 The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body for the nation’s ICT sector, has warmly welcomed the government’s bold decision to establish a dedicated Ministry for the Digital Economy. This move, championed by the President Anura Kumara Dissanayake…
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka’s economic reform program supported by the IMF’s Extended Fund Facility (EFF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access to about…
The Government of Sri Lanka says that discussions related to the third review under the Extended Fund Facility of the International Monetary Fund (IMF) program were successfully concluded today (22). The meeting, held at the Presidential Secretariat, was attended by a delegation representing the IMF, led by Senior Mission Chief Peter Breuer, the President’s Media…
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