(Reuters) – Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. He was 86. Tata, who ran the conglomerate for more than 20 years as chairman, had…
President Anura Kumara Dissanayake held a key meeting today with senior officials from both the Sri Lanka Customs Department and the Inland Revenue Department at the Presidential Secretariat today (09). The discussions centered on strategies to enhance revenue generation and improve operational efficiency within both departments, in line with the government’s broader economic mandate. During…
In a groundbreaking achievement for the Sri Lankan stockbroking industry, SC Securities (Pvt) Ltd, a fully owned subsidiary of Sampath Bank PLC, has become the first stockbroking company in Sri Lanka to obtain the prestigious ISO 9001:2015 certification (as confirmed by SLSI) for its Quality Management System (QMS). The certification was awarded last month at a simple ceremony, where…
Fitch Ratings: The Sri Lankan authorities’ confirmation that they endorse the targets set under the country’s IMF programme, and intend to implement debt restructuring based on the terms agreed with international sovereign bondholders in September, reduces risks to the debt treatment process associated with the outcome of the presidential election on 21 September, says Fitch…
Real estate is property in the form of land & buildings, rather than personal possessions (Refer Collins). A historic analysis of human conflicts proves that most revolved around real estate. King Elara of South India (111BC) managed Sri Lankan real estate for nearly half a century thus recording a notable conflict (Ref. Mahavansa). Genghis Khan…
The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) signed a Memorandum of Understanding (MOU) to formalise and strengthen their ongoing partnership in promoting sustainable finance and financial inclusion in Sri Lanka. The two organisations through this partnership aim to engage in building both demand-side and supply-side capacity and connectivity on sustainable…
India proves power of its policy through selfless action in The Maldives They say ‘blood is thicker than water’ to suggest that immediate family bonds will always take precedence over other loyalties. But in South Asia – neighbors are ‘thicker’. Ask anyone born in South Asia just to understand this idea. Families and communities grow…
The United States has committed to providing essential support to strengthen Sri Lanka’s economy. In a meeting held Yesterday (October 8) at the Presidential Secretariat, Mrs. Julie J. Chung, the US Ambassador to Sri Lanka, announced that support would be focused on fostering an export-driven economy in the country. Additionally, Ambassador Chung conveyed congratulations from…
(Bloomberg) – Sri Lanka’s new government said it will review a wind power deal with the Adani Group, throwing a fresh hurdle for the Indian conglomerate as it seeks to expand abroad. The previous administration’s approval of electricity prices for Adani Green Energy Ltd.’s projects “was a problem,” Foreign Minister Vijitha Herath told reporters after…
Huawei, in partnership with du, from the Emirates Integrated Telecommunications Company (EITC), have deployed the first indoor 5G-Advanced Network in the Middle East. Making use of Three Carrier Aggregation (3CC) technology, the network relies on Huawei’s LampSite X ‘Digital Indoor Solution.’ Delivering a peak data rate of 5.1Gb/s, this network further strengthens du’s leading position…
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