The Ministry of Information & Technology has imposed a ban on PUBG and 117 other Chinese mobile applications. India on Wednesday banned 118 more Chinese mobile apps, including the famous gaming app PUBG over user privacy or national security violations. According to reports, there are close to 33 million active PUBG players in India. The…
Softlogic Life Insurance PLC announced the inking of landmark deals with Development Financial Institutions; Finnish Fund for Industrial Cooperation Ltd – Finnfund and The Norwegian Investment Fund for Developing Countries. Norfund and financial have collectively signed a USD 15Mn Tier II Subordinated Debt transaction with the Company on 24th August 2020 that will provide funding…
Singer, Sri Lanka’s premier consumer durables retailer, has partnered with Signature Group, Malaysia’s largest Kitchen Cabinet and Wardrobe manufacturer. With this new partnership, Singer aims to begin manufacturing Signature Kitchen systems and products in Sri Lanka. This collaboration is expected to reinforce Signature brand’s presence in Sri Lanka which treats the local consumers to a…
SEC informs PM on CSE’s readiness to go digital The representatives of the Securities and Exchange Commission of Sri Lanka (SEC) met Prime Minister Mahinda Rajapaksa on Monday (31 August) to inform the completion of the digitalization process of the Colombo Stock Exchange( CSE). The digitalization process of the CSE commenced as per the instruction of the Prime…
Ceylinco Life has commissioned two large solar panel installations in Anuradhapura and Jaffna which are believed to be the largest in those cities, with a cumulative capacity to generate 120 MWh per year and further reduce the Company’s carbon footprint by 42.6 tons. The Company said the installation in Anuradhapura has a system capacity of…
The MarCom Collective, the industry body comprising of eight associations linked to the advertising and marketing communications sectors as well as businesses and professionals associated with them, continued to engage with its members and other stakeholders to bring to light the diverse issues faced by the sectors and how they could work together to address…
President Gotabaya Rajapaksa recently inspected the Altair Commercial and Residential building which is under construction. The construction of the building commenced in 2012 in the 2.5-acre land adjacent to the Beira lake. The ground floor of the building covers an area of 40,000 square feet. It consists of 404 super luxury apartments in addition to a…
The Export Development Board (EDB) and the Foreign Ministry are working closely together to increase the country’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the export industry. Sri Lanka’s export income which stood at US$ 277 Mn in April 2020 has increased to US$ 1,090 Mn in July 2020 and…
By Prof. Samitha Hettige © There is discussion on the Millennium Challenges Cooperation (MCC) agreement once again in Sri Lanka. One feature in the MCC is developing transportation facilities to improve connectivity in Sri Lanka. Laos sometimes referred to as the land of million elephants is bordering the Peoples Republic of China. Transport facilities in…
As COVID-19 continues to threaten lives and livelihoods across many countries of the Asia-Pacific region, it has led to setbacks in the fight to end hunger and malnutrition, the Food and Agriculture Organization of the United Nations (FAO) announced today. The Asia-Pacific region is home to more than half of the world’s undernourished, and with…
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