Sri Lankans in coastal areas learning at temples entered ‘Scholar-hal’ (Schools) during the Portuguese rule. Class room education introduced by St. John Baptist De LaSalle of France (Patron saint of Teachers) continued with the Dutch & the British as a violence control tool but those marginalized (due to caste & class etc.) got exposed to…
Wavenet, an industry veteran that has been enabling and empowering proven and agile technology to accelerate the digital transformation of the telecommunication industry, unveiled their groundbreaking innovations at the Mobile World Congress (MWC), one of the largest technology conferences, that held its 2024 expo at the Fira Gran Via, Barcelona, Spain, from February 26 to…
Orzone Mineral Water Exports Private Limited recently exported 40 High-cube (HQ) containers of 600 millilitre (ml) drinking water bottles to Sydney, Australia, becoming the first ever Sri Lankan company to do so. The Company has been awarded an order to supply one million 600 ml water bottles to Sydney, Australia, and the recent import marked…
The Cabinet of Ministers has given its approval to amend the National Minimum Wage of Workers Act No. 03 of 2016 to increase the minimum monthly wage and daily wage of all workers in any industry. This was recommended by the tripartite sub-committee of trade unions representing Small- and Medium-Sized Enterprises (SMEs) and employees appointed…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 25 March 2024, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively. The Board…
On March 25th, BYD, the world’s leading manufacturer of new energy vehicles and power batteries, became the world’s first automaker to roll off its 7 millionth new energy vehicle, the DENZA N7, which was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand. BYD rolled off its 7 millionth NEV…
Reuters – Nissan Motor said on Monday it would launch 30 new models over the next three years and aim to raise its global sales by 1 million vehicles while cutting costs to improve profitability. Announcing an update to its medium-term business plan, Japan’s third-largest automaker by sales said it would target an operating profit…
Accordingly, the original credit line of USD 100 million, which is a financial intermediation loan through 10 participating financial institutions (PFIs) to eligible SME subprojects became effective in April 2016. The loan was financially closed in January 2019, 1.5 years earlier than the initial plan. It had exceeded development targets on reaching out to underserved…
Union Bank, now partnered by the strength of the global conglomerate CG Corp Global, recently unveiled a new logo that embodies the Bank’s new strategic vision and transformation. Leveraging on the brand’s rich history of over 29 years as a trusted financial services brand in Sri Lanka, the new logo has been designed as an…
The Richard Pieris Group, led by visionary leader Dr. Sena Yaddehige, has evolved into one of the largest and most diversified conglomerates in Sri Lanka. With a 91-year legacy, the Group operates across multiple sectors. Today, the Group is an integral part of Sri Lankan lives and a catalyst for economic progress. From a modest…
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