Sesiri Pathirane is a tech investor and entrepreneur who has been highly instrumental in – with blessings of the Government & cooperation from Private sector investors – revolutionizing the digital landscape in Bhutan in a bid to position the country as a digital hub in the South Asian region. As a result, the country’s first…
“The Beijing Swift” – By Prof. Samitha Hettige © It was reported that a responsible citizen during a discussion on the budget has warned people to be careful of Sinhala politicians who create conflicts and fractions among different ethnic groups. It will be more valid if all extremist politicians from all ethnic groups are added…
The Cabinet of Ministers has approved the proposal presented by the Minister of Energy to award the contract for the construction of 10MW wind power plant for the Trincomalee Grid Substation to Capital City Holdings (Pvt)Ltd. The Government plans to add 60 MW wind power to the electricity supply system through Trincomalee, Mannar, Bolawatta, Madampe…
Strict health protocols vital to ensure the safety of international travellers and citizens when the Airport reopens – Sri Lanka Tourism The reopening of the airport for international travellers is set to be further delayed due to the appointment of a new committee to again review the Airport opening protocol, Sri Lanka Tourism Development Authority (SLTDA) said. “A detailed Airport…
The Cabinet of Ministers has approved the proposal presented by Public Service, Provincial Councils and Local Government Minister to formulate a long-term human resource development plan with the participation of all relevant parties to enhance the efficiency and productivity of the public service. Formulation and implementation of a long-term human resource development plan has been identified as…
Sentiments at the Colombo stock market remained positive as the benchmark All Share Price Index (ASPI) today (08) crossed the 6,500 point mark for the first time since 04 May 2018, amidst healthy turnover. The ASPI surged 90.24 points ( or 1.39%) to close at 6,564.00 and S&P SL20 Index of more liquid stocks surged 59.75 points ( or 2.31%)…
Fitch Ratings – Singapore/Colombo – 08 Dec 2020: Fitch Ratings has downgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘CCC’, from ‘B-‘. The ratings do not carry an Outlook because of the potentially high volatility at this rating level, in line with Fitch’s rating definitions. Fitch has also downgraded…
The necessary preliminary steps have been taken to implement the Siyambalanduwa solar power plant such as studying the feasibilities, securing the lands and environmental evaluations, the state information office stated. The assistance of the Asian Development Bank (ADB) was also received to conduct an analysis on the procedure that needs to be followed in order to…
LONDON (Reuters) – U.S. investment bank Morgan Stanley said on Monday it was taking “a few chips off the table” after a thundering rally in emerging markets over the last month. The bank said it was sticking to its core view that developing economy currencies and select countries’ bonds would continue to climb, but was…
Sirio Ltd, a leading apparel manufacturer in Badalgama, announced today (08 December) that 55 of its staff members have been tested positive for COVID-19. “From 26th of November, the day when the company identified the first employee whose PCR result tested positive, till the 07 December, a total of 859 PCR tests were carried out on employees…
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