A major network outage has affected several Australian institutes, including Commonwealth Bank, Optus and Australia Post. SBS News – There are reports of IT outages impacting institutions across Australia including, news outlets, banks and telecommunications. Real-time problem and outage monitoring site Downdetector shows several organisations including Commonwealth Bank, Optus and Australia Post are experiencing disruptions….
In 2023, overseas interest in Sri Lankan properties surged by 33% compared to the previous year, as reported in the Real Estate Market Outlook Report 2024 (REMOR24) by LankaPropertyWeb, the leading real estate portal in Sri Lanka. According to the report, the demand for residential apartments in Sri Lanka is set to dominate the market…
Promotes individual credit health through CRIB “MyReport” and other value added products Following the success of its digital revamp agenda announced in January this year, the Credit Information Bureau of Sri Lanka (CRIB) encourages Sri Lankans to stay better informed about their credit status and improve their credit health by utilizing digital facilities and other…
The Rapid Debt Restructuring Reflects International Confidence in the President’s Leadership – Head of the Japanese Delegation Dr. IZUMI Hiroto. Dr. IZUMI Hiroto, the head of the Japanese delegation visiting Sri Lanka, lauded the successful completion of the country’s debt restructuring process, noting that it has paved the way for the resumption of Japanese Official…
Investment loans up to Rs. 15 million at a concessionary interest rate of 7%. Working capital loans up to Rs. 5 million at a concessionary interest rate of 8%. Rs. 18 billion allocated for loan disbursement. 15 banks and financial institutions partner with the government for this initiative. To advance national development, it is essential…
SITA, the global leader in technology for the air transport industry, has partnered with SriLankan Airlines to deploy advanced airport digitisation services at Colombo’s Bandaranaike International Airport (CMB Airport). The implementation of SITA’s single self-baggage drop unit is expected to increase the passenger usage capacity by 20%. This groundbreaking initiative is set to enhance the…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has introduced DeafTawk interpreter services at its customer care centers islandwide, a move poised to enhance the accessibility and user-friendliness of its services to the deaf community. Highlighting the company’s unwavering dedication to enhancing outreach for Persons with Disabilities (PWDs), this initiative aligns with the GSMA Assistive…
The Ambassador of Sri Lanka to Myanmar Prabashini Ponnamperuma had meetings with Deputy Minister for Investment and Foreign Economic Relations Dr. Wah Wah Maung, Deputy Minister of Education Dr. Zaw Myint, and Governor of the Central Bank of Myanmar Than Than Swe on 12 July 2024 in Nay Pyi Taw, the administrative capital of Myanmar….
The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled “Towards a Greener Horizon: Unlocking Opportunities through Sustainability Bonds” recently in Colombo. The forum was aimed at enhancing awareness and building capacity among stakeholders including representatives from…
Fitch Ratings: Fitch Ratings has maintained its 2024 sector outlook at ‘neutral’ for all the main emerging-market regions, except for the Middle East and North Africa, which remained at ‘deteriorating’, says Fitch in a report published today. The neutral outlooks reflect moderately weaker economic growth and persistent strains on public finances balanced against lower inflation…
Video Story
