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Innovating for better health, saving lives: Sri Lanka’s ambulance story

World Bank – In the rural town of Morawaka located in Southern Sri Lanka, home to lush tea estates and paddy fields, Ramya is finally mother to a beautiful baby girl. She was born after a harrowing experience of an umbilical cord prolapse, a condition where the umbilical cord gets out of the body before…

(0)Comments | March 19, 2024 12:13 pm

SEC engages with Approved Auditors

The Securities and Exchange Commission of Sri Lanka (SEC) as part of its continuous engagement process with stakeholders in the capital market landscape, held a meeting with the managing partners and audit partners of audit firms on its list of Approved Auditors recently. The main purpose of this session was to discuss the SEC’s expectations…

(0)Comments | March 19, 2024 11:02 am

Risk being swallowed by dividing on “time” to unite! – By Prof. Samitha Hettige

Some Sri Lankans among Sinhala Buddhists & Hindu Tamils would celebrate the ‘Sinhala – Hindu’ new year in few weeks. The Central Bankers (among them) unlike many will not conflict within families on purchasing to celebrate in the current economic situation but even they will have to fight to decide on the auspicious times as…

(0)Comments | March 19, 2024 10:48 am

Sri Lanka receives Yen 1,600 million grant from Japan

The Government of Japan, as one of our main development partners, provides concessional loans and various grant aid schemes such as the Economic and Social Development Programs, Technical Cooperation, Research Partnerships, Development Studies, and non-project grant aid with a view to improving the socio-economic status by strengthening bilateral relations between the two countries. During the…

(0)Comments | March 18, 2024 2:36 pm

China warns citizens in Singapore to stay away from gambling

Reuters – China’s embassy in Singapore on Monday urged its citizens in the city-state to stay away from all forms of betting, saying gambling overseas violates Chinese laws. The warning comes as Beijing intensifies its efforts to crack down on Chinese citizens gambling across Southeast Asia, a popular tourist destination. In a statement, the embassy…

(0)Comments | March 18, 2024 12:27 pm

Thai Airways Flights to Resume from 1st April 2024

MAC Holdings Private Limited appointed Official GSA for Sri Lanka & Maldives Thai Airways to resume operations between Colombo and Thailand from March 31st, 2024 onwards.  The flight ex CMB will depart on 01.04.2024. MAC to be the Airline’s forefront as their proud General Sales Agent within the region for Sri Lanka and Maldives. The route…

(0)Comments | March 18, 2024 11:52 am

ADB Approves $100 Million Loan to Support SMEs in Sri Lanka

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.    “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross…

(0)Comments | March 18, 2024 11:03 am

Ceylinco Life attains 20 years of unbroken market leadership in 2023

Premium income improves by 14.6% to Rs 33.4 billion Pays Rs 23 billion in net claims and benefits to policyholders Life Fund grows by 16.8% to Rs 157.5 billion CAR improves to 344% nearly triple the minimum requirement Ceylinco Life has achieved the milestone of two decades of unbroken market leadership in Sri Lanka’s life…

(0)Comments | March 18, 2024 10:36 am

First LNG powered vessel calls at HIP

The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge of construction machinery and equipment (high and heavy vehicles including airport buses, mobile cranes, etc.). The transshipment cargo is destined for Dammam and Maldives. The Jasmine Leader of NYK Line, which arrived at HIP in the first…

(0)Comments | March 18, 2024 10:33 am

Mediwave Earns Global Recognition at GLOMO Awards 2024 for Emergency Response HealthTech

Mediwave, a leading-edge HealthTech company, was recognised as a finalist at the prestigious Global Mobile Awards (GLOMO), part of the Mobile World Congress (MWC) powered by GSMA in Barcelona, Spain. This acknowledgment underscores Mediwave’s exceptional contributions to the field, particularly its innovative and integrated use of AI, Internet of Medical Things (IoMT), and Mixed Reality technologies….

(0)Comments | March 18, 2024 10:24 am