Jayantha De Silva, Secretary to the Ministry of Technology has stated that all the preliminary work for the establishment of “Techno Parks,” a major development project proposed to implement the Government’s policy of building a technology-centric economy, has been completed. The creation of five new technology parks in the country has been identified as a…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to increase the maximum compensation payment under SLDILSS from Rs.600,000 to Rs.1,100,000, by Rs.500,000. This decision has been taken to provide further relief to the depositors of financial institutions regulated by CBSL in the event of a cancellation or suspension of the…
Bloomberg – The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on World Bank data. In a study published Thursday, researchers at the non-partisan Pew…
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has issued a directive to all operators to respond with Unlimited Internet Packages by the 1st of March 2021 and is currently in the process of assessing packages submitted by complying operators. Consumers could expect to have the first round of unlimited plans by April, the TRC…
The Grand Oriental Hotel, an icon of generations past, is opening its doors to a new era of splendor, bringing to life its rich colonial architecture. Built in 1837 as a British military barrack, the iconic building has withstood the tests of time, standing strong for almost two centuries. Being the first European owned hotel…
Women entrepreneurs play a critical role in contributing to Sri Lanka’s economy and in uplifting the livelihoods of women in their communities, particularly amidst the COVID-19 crisis. In commemorating women’s month, UN Women in Sri Lanka and the Embassy of Japan in Sri Lanka joined the official celebrations organized by the State Ministry of Women…
Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo on Wednesday (17th). He was accompanied by Sri Lankan-born British Politician and former EU Parliamentarian Niranjan Deva Aditya. Melnichenko is a self-made billionaire with major investments in Switzerland based fertilizer giant EuroChem Group and Russia based coal energy company SUEK. He was warmly welcomed by…
Ajith Nivard Cabraal, State Minister of Money & Capital Markets and State Enterprise Reforms and Members of the CEO Forum of India held a cordial discussion at the Ministry of Finance yesterday (17). 60 CEO’s with Federation of Indian Chambers of Commerce & Industry (FICCI) they have started a new program call “SHINE LANKA –…
Ringing in the new era of 5G to Sri Lanka, HUTCH recently demonstrated the fastest 5G speed ever achieved by a Sri Lankan telecom operator in its inaugural 5G trial event at HUTCH One Galle Face Premier Experience Center. HUTCH teamed up with ZTE, a global leader in telecommunications and information technology for this groundbreaking…
(Thomson Reuters Foundation) – The world has reached a “major milestone” in the drive to combat modern slavery after Sudan became the fiftieth country to back a United Nations treaty against forced labour, the U.N. International Labour Organization (ILO) said on Wednesday. The legally binding 2014 pact – a protocol to the 1930 ILO Forced…
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