The Sri Lanka Ports Authority (SLPA) has affirmed its commitment to maintaining stability regarding the Colombo West International Terminal project, led by the Adani Group, amidst ongoing allegations in the U.S. against the conglomerate’s top executives. SLPA Chairman Admiral Sirimewan Ranasinghe (Retd) has emphasized that there is no immediate plan to reassess or terminate the…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, proudly announces the launch of its AI-powered assistant through the IdeaBiz platform, providing support for developers, IT teams, and IdeaBiz partners. As the first of its kind in the country, the IdeaBiz AI Assistant is set to transform how users interact with technical information, access onboarding assistance,…
dnata Travel reveals most popular holiday destinations for Eid Al Etihad 2024 As the long weekend break for Eid Al Etihad approaches, dnata Travel reveals the most popular holiday hotspots for 2024. In order of popularity, the top five most booked international destinations with UAE travellers are Thailand, Maldives, UK, Sri Lanka, and Turkey. Thailand continues…
This investment follows the strategic move by Ambeon Capital PLC and its subsidiaries, who recently acquired a 9.02% stake in DFCC Bank PLC Both investments reinforce Ambeon Group’s reputation as a key player in Sri Lanka’s economic landscape Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance across sectors such as financial services,…
As the result of discussions between the Asian Development Bank (ADB) and the Government of Sri Lanka, Two policy-based loans (PBL) have been developed to implement the Financial Sector Stability and Reform Program in order to create a stable financial system that provides access to finance for businesses in various sectors of the economy. The…
Delivery milestone celebrated today at a special event and showcase in Dubai Airline reveals latest interiors, industry-first technologies and innovations onboard Addition of A350 to Emirates fleet primes airline for growth amid robust travel demand Emirates has officially unveiled the very first Airbus A350-900 to join its fleet at an exclusive event showcase in Dubai….
The UNP government of 1977 of Prime Minister JRJ (post colonial 1st generation leader) received a 5/6th majority in parliament. He introduced the Presidential system in 1978 to develop the economy as he believed that Sri Lanka’s geographic position shall boost it further. As President he held; defense, power & energy, higher education & plan…
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 November 2024, decided to further ease the monetary policy stance and set the newly introduced Overnight Policy Rate (OPR) at 8.00 per cent. With this change, the effective reduction in the policy interest rate would be around 50…
Focus on Energy, Agriculture modernisation and Climate Change The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the government’s systematic financial reforms. During a discussion held at the Presidential Secretariat today (26), led by ADB’s Regional Head of Private Sector Development, Mr….
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: “The Sri Lankan authorities have been implementing an ambitious economic reform program supported by the IMF, which aims to restore debt sustainability and external viability, underpin broad macroeconomic reforms, and strengthen…
Video Story
