Bloomberg – Apple Inc. has been secretly working with SpaceX and T-Mobile US Inc. to add support for the Starlink network in its latest iPhone software, providing an alternative to the company’s in-house satellite-communication service. The companies have been testing iPhones with the Starlink service from Elon Musk’s Space Exploration Technologies Corp., according to people with…
First Capital Advisory Services (Private) Limited, a subsidiary of First Capital Holdings PLC/ and Atarah Capital (Private) Limited have officially signed a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at enhancing the corporate finance landscape in Sri Lanka. This partnership brings together the strengths, expertise, and networks of both companies to provide…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 28 January 2025, decided to maintain the Overnight Policy Rate (OPR) of the Central Bank at its current level of 8.00 per cent. The Board arrived at this decision following a careful analysis of the current and expected macroeconomic…
Reuters – The Sri Lankan government has started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said on Tuesday (28). Sri Lanka has been reviewing the group’s local projects after U.S. authorities in November accused billionaire…
Seylan Bank PLC’s National Long-Term Rating has been upgraded by two notches to ‘A+(lka)’ from ‘A-(lka)’, with a Stable outlook by Fitch Ratings recently. The noteworthy two-notch upgrade, part of Fitch Rating’s recalibration of the Sri Lankan national rating scale following the sovereign upgrade, reflects Seylan Bank’s financial stability and stable market position in Sri…
Reuters – Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost Chinese artificial intelligence model entered day two, with investors questioning the sky-high valuation and dominance of AI bellwethers. Shares of Nvidia, the poster child of the AI boom in recent years, dragged U.S. stocks lower, sinking 17% on…
Govt. to make all necessary decisions to secure the future of the country and improve Citizens’ Living Standards Customs’ Efforts to Stabilize the Economy Are Commendable Achievements of Customs in Meeting Last Year’s Targets Are Appreciated – President at the International Customs Day Celebration President Anura Kumara Disanayake stated that the current government is determined…
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce which opens today (28) to a sold-out audience at the Shangri La Hotel, Colombo. President Dissanayake will participate in a Fireside chat on the Government’s vision for sustainable economic progress, with the Deputy Vice Chairman of the…
Focus also on providing relief and encouraging for Small and Medium Scale Business Sector (SME). Government Finance Committee (COPF) regarding the report of the Sri Lanka Central Bank (CBSL) regarding the exemptions of the currency policy frame in the section 26 (5) of the Sri Lanka Central Bank Act was discussed in the Government’s Finance…
Minister visits Sri Lanka strengthening UK partnership and boosting growth UK Minister for the Indo-Pacific set to meet with new Sri Lankan government minsters as part of the first official visit of new UK government. Minister will set out plans to strengthen UK-Sri Lanka partnership – from inclusive economic growth, anti-corruption, human rights to national…
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