Reuters – Walt Disney, opens new tab is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content. The three-year partnership announced on Thursday is a pivotal step in Hollywood’s embrace…
The 27th Presidential Export Awards Ceremony, organized by the Sri Lanka Export Development Board (EDB) under the Ministry of Industries and Development, was held Yesteray (11) at the Bandaranaike Memorial International Conference Hall under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka. As the highest national accolade…
Diplomats based in Colombo have made a personal contribution of LKR 3.6 million to the government’s “Rebuilding Sri Lanka” Fund, which provides relief to people affected by the recent devastating cyclone. The relevant cheque was handed over today (11) to Minister of Foreign Affairs, Foreign Employment and Tourism, Mr. Vijitha Herath, by Her Excellency Dewi…
The Central Bank of Sri Lanka (CBSL) conducted the International Research Symposium – 2025 during 08-10 December 2025 under the theme of “Stability for Prosperity” at the CBSL John Exter International Conference Hall, to mark the 75th Anniversary of the CBSL. The symposium, organised by the Economic Research Department of the CBSL, comprised the following…
Sri Lanka has moved ahead with a major renewable energy expansion in Mannar, with the Cabinet of Ministers approving the award of contracts for two 50-megawatt wind power plants in Mullikulum. The projects have been assigned to two parties: the Consortium of Vidullanka PLC and David Pieris Motor Company (Lanka) Limited (DPMC), and WindForce PLC….
The Ceylon Chamber of Commerce and the Embassy of Viet Nam in Sri Lanka co-organized the Viet Nam–Sri Lanka Business Forum on 9 December, in conjunction with the 3rd Viet Nam–Sri Lanka Subcommittee on Trade co-chaired by Deputy Minister of Industry and Trade of Viet Nam Phan Thi Thang and Secretary of the Ministry of…
In response to the devastating impact of Cyclone Ditwah, The Ceylon Chamber of Commerce has been actively supporting national relief and recovery operations in collaboration with the Government of Sri Lanka, key partners, and its members. As a co-chair of the Sri Lanka Preparedness Partnership (SLPP) alongside the Disaster Management Centre (DMC), the Ceylon Chamber…
The Commercial Bank of Ceylon has been ranked No 1 in the Business Today Top 40 for 2024–25, reaffirming its position as Sri Lanka’s best-performing bank and one of the country’s top five strongest corporate entities for the 17th consecutive year. Business Today assigned the Bank an aggregate score of 37.65, placing it at the…
By Dr Nisha Arunatilake, Director of Research, Institute of Policy Studies of Sri Lanka (IPS) The Ditwah Cyclone ranks second only to the December 2004 Tsunami in terms of damage to housing in Sri Lanka’s recent history. According to the government’s Disaster Management Centre, as of 9th December 2025, 86,488 houses were partially or fully…
BBC – Tech giants Amazon and Microsoft have announced a combined $52.5bn (£39.4bn) investment plan for India over the coming years. Amazon said on Wednesday it was pumping in $35bn into India by 2030 to advance AI-driven digitisation, export growth and job creation, a day after Microsoft committed $17.5bn strengthen the country’s AI ecosystem. India,…
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