Joint project by IT teams of SriLankan Airlines & AASL Google Indoor Maps was launched at Colombo’s Bandaranaike International Airport (BIA) today, becoming the first indoor facility to enable this feature in Sri Lanka. SriLankan Airlines and Airport & Aviation Services (Sri Lanka) (Private) Limited teamed up in a remarkable joint project that resulted in…
The Sri Lankan rupee has come once again under pressure. According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (08) stands at Rs.199.21 and selling rate of the US dollar stands at Rs.203.50. This is the highest buying and selling rate…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 April 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…
LONDON (Reuters) – The world’s top finance ministers are set to back a new $650 billion allocation of the International Monetary Fund’s own currency, Special Drawing Rights, to help low-income countries hit by the coronavirus pandemic. We explain what SDRs are, how they are used and which countries could benefit the most. WHAT ARE SPECIAL…
Advocata Institute launches a novel policy tool to track everyday food price changes Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have changed over time. With the use of such tools, anyone including policymakers and politicians alike has access to track…
The “Visiting Travel Blogger and Journalist Programme” is an annual project which Sri Lanka Tourism hosts in order to diversify and spread the visitation of foreign travelers visiting the country and also generate income for Micro, Small and Medium enterprises (MSMEs) in Sri Lanka. Over time, the consistent pattern of international travelers has been limited…
Creating pork from jackfruit: How this whole-plant start-up is taking on Asia’s multibillion-dollar meat industry Appetite for alternative meat is growing across the globe. As the nutritional and environmental impacts of meat consumption become better known, producers and consumers are looking to different sources to address the continued demand for protein. One among them is…
The merged entity will continue as AMF Two of Sri Lanka’s oldest and most respected financial companies, Associated Motor Finance Company PLC (AMF) and Arpico Finance Company PLC (AFC) joined strengths officially at the Colombo Stock Exchange (CSE) on 1st April, 2021. Months-long process for this landmark merger was officially completed in full compliance with the…
The Sri Lanka Gem and Jewellery Association (SLGJA) hosted their second Key Person’s Forum for the industry recently, with the objective of facilitating the industry during this pandemic period and boosting overall tourism in collaboration with the Ministry of Tourism. The forum was conducted with Hon. Prasanna Ranatunga, State Minister of Tourism, Hon. Lohan Ratwatte,…
World’s leading ICT solutions provider Huawei and Sri Lanka’s Softlogic Information Technologies Pvt Ltd, a subsidiary of Softlogic Holdings PLC, and one of the country’s leading software and hardware solutions providers, recently announced their partnership in Enterprise Solutions, Cloud and AI to bring innovative ICT solutions to the Sri Lankan market. The digital economy is…
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