Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic growth. Delays in cargo clearance disrupt the flow of goods, increase costs, and undermine the country’s competitiveness in global trade. These delays impose substantial economic costs that adversely affect Sri Lanka’s GDP, leading…
President Sirisena told the Chartered Accountants that politicians (elected officials) will rob only if officials (appointed) support. Therefore, the process of appointed blocking the elected robbing & vice versa is necessary. It won’t be tough if existing laws aren’t averted at all times. The ‘buck’ may pass till 2030 general election unless the public reject…
International travelers can now pay like locals at more than 35 million merchants across Asia Pacific Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers…
SLASSCOM’s AI Asia Summit 2024, powered by Deloitte, will make its much-anticipated return on November 5th, 2024, as the premier event uniting AI enthusiasts, innovators, and business leaders from across Asia. Recognizing the transformative role AI will play across all industries, this year’s summit is backed by a robust coalition of industry associations, chambers, and…
Recent rumours that the new government might grant the Ceylon Electricity Board (CEB) permission to continue to bypass competitive bidding for fuel purchases have sparked an uproar on social media. While the validity of these reports is yet to be determined, the resulting online debate draws attention to an ongoing cycle of debt and loss…
JICA is set to initiate a new technical cooperation project early next year to support Sri Lanka to improve fecal sludge management. Record of Discussion of this project was concluded between Mr. S. Alokabandara, Secretary to the Ministry of Justice, Public Administration, Home Affairs, Provincial Councils, Local Government and Labour and Mr. YAMADA Tetsuya, Chief…
A high-profile delegation from the global tyre manufacturing giant Michelin met the newly appointed EDB Chairman Mangala Wijesinghe on 1st November, 2024, to explore and discuss avenues to take Sri Lanka’s rubber manufacturing sector to greater heights as well as solidify the fruitful relations the two entities have enjoyed for a number of years. The…
As a strategic move to develop a mechanism for addressing challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force. The first meeting was held on October 29 at the Export Development Board. Attendees included Mrs. Champika D. Dharmasena, Director General of the Export Development Board; Mrs….
Sri Lanka Telecom PLC (SLT) has announced the appointment of Dr. Mothilal de Silva as the new Chairman of its Board of Directors, effective November 4, 2024. The decision, following the recommendation of the company’s Nominations and Governance Committee, marks a significant leadership change for Sri Lanka’s national telecommunications provider. With a proven track record…
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks…
Video Story
