The Planters’ Association of Ceylon (PA) confirmed that it has no option but to continue to oppose the sudden Wages Board decree to increase the fixed wage of tea and rubber sector workers by an unprecedented 70% on account of a lack of due process and unaffordability, with the matter being taken up for consideration…
The government of Sri Lanka and UNDP host an inaugural dialogue in light of ongoing economic recovery efforts The United Nations Development Programme (UNDP) in Sri Lanka, in collaboration with the Ministry of Finance, Inland Revenue Department, University of Moratuwa, and the National Innovation Agency of Sri Lanka co-convened the first-ever National Tax Dialogue to…
The eagerly anticipated 11th annual CFA Society Sri Lanka Capital Market Awards is scheduled to be held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, Colombo. The CFA Society Sri Lanka Capital Market Awards has been a flagship event in the CFA Society Sri Lanka calendar since its inception in 2012, and…
Huawei and its partners have won two prestigious awards for cases demonstrating practical applications of AI in industry. First, during the recent AI for Good Global Summit in Geneva on May 30-31, the International Communication Union (ITU) gave an award to Huawei and Hunan Valin Xiangtan Iron and Steel’s for their use case of the Huawei Pangu…
Fisheries Minister Douglas Devananda underscored the commitment of the government to protecting and revitalizing Oluvil Port, citing its significance for the advancement of the country. He commended the President’s initiatives in resolving past congestion problems and reinstating regularity in civil life, declaring his support for the President’s candidacy in the upcoming presidential election. Addressing a…
It was disclosed that even though it is clearly stated by law that online casinos cannot be carried out, online casinos operate in the open depriving the country of the revenue due without no implications. The Chair of the Committee on Public Finance Hon. (Dr.) Harsha de Silva directed that a letter be sent to…
The Board of Directors at the South Pacific Stock Exchange (SPX), the licensed operator of the stock market in Fiji has announced the appointment of Sri Lankan Sheraj Obeyesekere as its Chief Executive Officer with effect from June 2024. The appointment places the new CEO of SPX (34) among the youngest Chief Executives in the…
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena stressed the necessity of adhering to the loan agreements with the International Monetary Fund (IMF) until 2028 while formulating the budget for the upcoming year 2025, regardless of the governing administration. He also highlighted the obligation for parties aspiring to assume state power to disclose…
Bangladesh Prime Minister expresses satisfaction at the successful recovery of the Sri Lankan economy under the leadership of President Ranil Wickremesinghe. President Ranil Wickremesinghe pledges to embark on a tour of Bangladesh following the election. Bangladesh Prime Minister Sheikh Hasina has assured President Ranil Wickremesinghe of Bangladesh’s commitment to support Sri Lanka’s agricultural modernization program….
Vidullanka PLC has disclosed entering into an agreement with a consortium led by SELTech International (Pvt) Limited to collaboratively develop the 4.9MW Beliatha Solar Power Plant in Hambanthota. The agreement, finalized on May 31, 2024, marks a move by Vidullanka PLC into renewable energy development. The project, estimated to involve approximately LKR 1 billion in…
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