Sri Lanka has dropped 12 places to be ranked 101st in the latest Global Innovation Index 2020 from last year’s 89th rank with a score of 23.78 on a 0-100 scale, 100 being the most innovative. Published annually since 2007, the GII is said to be a leading benchmarking tool for business executives, policy makers and…
Microsoft Threat Protection Intelligence team warns that cybercriminals are taking advantage of COVID-19 concerns, adapting, and updating attack methods Microsoft recently unveiled Asia Pacific findings from the latest edition of its Security Endpoint Threat Report 2019 [1], which found that Sri Lanka experienced the highest cryptocurrency mining encounters across the region in the last year. Findings were…
CEAT Kelani Holdings has announced the achievement of an 85 per cent increase in the production of tyres for the ‘two-wheeler’ segment over just three months, as a full-bodied response to the needs of the local market consequent to the temporary import restrictions introduced by the government. Maximising capacity utilisation at its manufacturing plants at…
The Beijing Swift – By Prof. Samitha Hettige © China’s ancient maritime Silk Road reached South Asia, Africa and the Middle East through the South China Sea (SCS). The Suez Canal was not in existence in 1403 AD and therefore, the voyages of Chinese Admiral Zhen Ho ended in the Middle East. Since the Emperor…
The Asian unit of trading house Vitol is set to supply liquefied natural gas (LNG) to Bangladesh as the country seeks its first spot cargo to capitalise on lower prices for the super-chilled fuel, two energy officials with direct knowledge of the matter said. Four traders competed for the tender by the state-run Rupantarita Prakritik…
To avoid a possible foreign exchange crisis due to the economic hit caused by Covid-19, the Sri Lankan Government restricted imports, providing exceptions only for raw materials, pharmaceuticals, and oil. Meanwhile, addressing an event in Colombo today (04), State Minister for Finance, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal also expressed his views…
United States Imposes Restrictions on Certain PRC State-Owned Enterprises and Executives for Malign Activities in the South China Sea The U.S. Department of State imposed visa restrictions on People’s Republic of China (PRC) individuals responsible for, or complicit in, either the large-scale reclamation, construction, or militarization of disputed outposts in the South China Sea, or…
Addressing the 35th Session of the FAO Regional Conference for Asia and the Pacific (APRC), Minister of Agriculture Mahindananda Aluthgamage underscored the importance of promoting sustainable agriculture through innovation including digital agriculture solutions. He reiterated that the access to and dissemination of latest technologies and innovations is imperative to improve the productivity of the agriculture…
Leading Sri Lankan insurer, Janashakthi Insurance PLC announced the appointment of Ravi Liyanage as the company’s Director / Chief Executive Officer with effect from 16th of November 2020. “It is my great pleasure to welcome Ravi Liyanage to Janashakthi Life as the Chief Executive Officer of Janashakthi Insurance PLC. I am confident that Ravi’s wide…
Softlogic Capital PLC Chairman Ashok Pathirage recently stated that they are very keen to take capital markets to the absolute retail level by introducing investments that start at just Rs. 5,000. “We have now launched Softlogic Invest that operates two Unit Trusts and will also have a Fund Management business. We are very keen to…
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