Inovartic Investment Lanka Pvt Limited, a joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, announced the launch of the Abu Dhabi University Graphene Centre – an advanced facility dedicated to pioneering research in graphene technology. This centre was inaugurated at Abu Dhabi University to drive scientific progress and international collaborations…
Salesforce, the #1 CRM, powered by AI technology and capabilities, reinforced its commitment to digitally transforming businesses in Sri Lanka, aligning with the country’s 2030 vision for a digital Sri Lanka. Leveraging Salesforce’s cutting-edge innovation around Artificial Intelligence (AI) and automation, Salesforce will revolutionise customer experiences for businesses across industries in Sri Lanka, unlocking significant…
John Keells Holdings (JKH) reported an EBITDA of Rs. 8.09 billion for the second quarter of the 2024/25 financial year, marking a 4% decline from Rs. 8.42 billion in the same period last year. This drop was primarily due to pre-opening costs related to the recently launched ‘Cinnamon Life’ hotel. However, excluding these costs, EBITDA…
Sumsub, a leading full-cycle verification platform, has released its Global Fraud Index, the first-ever comprehensive analysis of digital fraud risks across 103 countries. The Index aims to shed light on the root causes of fraud, offering governments, regulatory bodies, and businesses actionable insights to strengthen their defenses against this growing threat. In a concerning revelation,…
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these…
The Bank of Ceylon (BOC), Sri Lanka’s leading state-owned financial institution, is pleased to announce the appointment of Mr. Kavinda de Zoysa as its new Chairman. Mr. de Zoysa, a career banker with over 30 years of industry experience and 25 years in management, brings proven leadership capabilities and strategic insight to BOC. His deep…
Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic growth. Delays in cargo clearance disrupt the flow of goods, increase costs, and undermine the country’s competitiveness in global trade. These delays impose substantial economic costs that adversely affect Sri Lanka’s GDP, leading…
President Sirisena told the Chartered Accountants that politicians (elected officials) will rob only if officials (appointed) support. Therefore, the process of appointed blocking the elected robbing & vice versa is necessary. It won’t be tough if existing laws aren’t averted at all times. The ‘buck’ may pass till 2030 general election unless the public reject…
International travelers can now pay like locals at more than 35 million merchants across Asia Pacific Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers…
SLASSCOM’s AI Asia Summit 2024, powered by Deloitte, will make its much-anticipated return on November 5th, 2024, as the premier event uniting AI enthusiasts, innovators, and business leaders from across Asia. Recognizing the transformative role AI will play across all industries, this year’s summit is backed by a robust coalition of industry associations, chambers, and…
Video Story
