Ensuring access to digital solutions for everyone, SLT-MOBITEL, together with Sri Lanka Railways and Department of Pensions enabled pensioners to enjoy a seamless railway transport experience by integrating the pension warrant process to SLT-MOBITEL’s state of the art mTicketing platform. Launching the digitalization of the pension warrant took place recently at the Colombo Divisional Secretariat…
Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka. Lord Hannett will support the UK’s trade and investment promotion objectives by engaging with senior Sri Lankan and UK stakeholders to promote market access and create opportunities for UK businesses to deliver mutual economic growth for…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4% in January 2025, compared to -1.7% in December 2024, according to the latest data released by the Department of Census and Statistics. Year-on-Year food inflation has decreased to -2.6% in January 2025, compared to…
Sampath Bank has yet again reinforced its position as a premier financial services institution by entering a strategic partnership with Union Assurance, Sri Lanka’s number one Bancassurance service provider, to deliver one-stop-shop financial and protection solutions to its customers. Through this partnership, a comprehensive range of exclusive life insurance solutions of Union Assurance will complement…
Empowering the Public Sector with AI-Driven Administrative Support In a groundbreaking initiative to drive digital transformation in the public sector, Headstart, a leading EduTech solutions provider, in collaboration with the International Labour Organisation (ILO), has introduced an innovative, trilingual Conversational AI Assistant to streamline public service operations. This pioneering service is tailored for employees of…
Teejay Group, Sri Lanka’s first multinational textile manufacturer, announced a Year-to-Date (YTD) Profit after Tax of LKR 1.9 billion for Q3 (third quarter) of FY2024/25, marking a remarkable 234% increase compared to the same period last year. Group revenue reached an impressive LKR 49.8 billion for the period ending 31st December 2024, reflecting a 10%…
In light of the ongoing challenges faced at the Colombo port, the below listed Joint Chambers, along with key trade, maritime and logistics associations, wish to propose solutions to mitigate the impact of port congestion on the nation’s economy. Further, exporters are facing potential delays with imported inputs, missed shipping opportunities, and increased processing costs,…
The US Department of Justice’s (DoJ) indictment of Indian billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said. In an article titled ‘The US Harms The West’s Alliances With A Far-Flung Indictment In India,’ the author, Melik Kaylan, argued that the indictment, which alleges bribery and financial…
The Joint Apparel Association Forum (JAAF) held its 21st Annual General Meeting on 27th January in Colombo. Speaking at the event the reappointed Chairperson, Saifuddin Jafferjee, reflected on the achievements of the past year while emphasizing the work needed to navigate upcoming challenges in the apparel industry. “I am deeply honored to serve this incredible industry…
The members of Tea Exporters Association (TEA) are concerned over the proposed abolition of SVAT from April 2025 as cashless SVAT system (Suspended VAT) provides exporters with a significant level of relief towards the constraints on their cash flow requirements to fund VAT payments on locally sourced inputs. The SVAT was introduced in April 2011 to…
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