Uber announced the launch of its global flagship sustainability product, Uber Green, in Colombo. This will enable riders to book environment friendly rides with just a few taps on their Uber app. With an aim to accelerate its transition to zero emission mobility by 2040 in Sri Lanka, Uber plans to expand on-demand electric vehicle…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, continues its commitment to innovation with the launch of Virtual Reality (VR) Bungee Jumping and VR Cycling experiences at the Iconic Centre. Developed in collaboration with the Engineering Faculty of the University of Moratuwa and local content creators, these VR experiences offer thrilling and highly realistic simulations…
The 23rd Annual General Meeting of the Sri Lanka-China Business Council of the Ceylon Chamber of Commerce was held on 2nd July 2024 at Hilton Colombo Residencies, Colombo 02. The event was graced by His Excellency Qi Zhenhong, Ambassador of the People’s Republic of China to Sri Lanka, who graciously participated as the Chief Guest….
Reuters – Sri Lanka will wrap up talks with international bondholders on its restructuring process in a few weeks, Foreign Minister Ali Sabry said on Tuesday, a major step for the island nation to emerge from its worst financial crisis in decades. Sri Lanka will also seek to balance its ties with giant neighbour India…
Kompannavidiya Flyover Opens Next Week, Kohuwala Construction Complete – Road Development Authority”. India Donates 20 Locomotives for Beliatta-Colombo Freight Train: -Railways’ Acting GM. Amendment of National Transport Commission Act Targets Regulation of Three-Wheelers and Taxis:- NTC Chairman. CTB Initiates Procurement for 400 Buses- Chairman. Secretary to the Ministry of Transport and Highways Eng. Ranjith Ganganath…
Government unable to fulfill such demands burdening the people. In order to grant a Rs. 10,000 pay hike, the government will need another Rs. 140 billion annually. In order to grant a Rs. 20,000 pay hike, the government will need Rs. 280 billion. According to IMF agreement, Central Bank cannot print money. Based on the…
The Government of Sri Lanka announced that Sri Lanka has now gained the capacity to produce fortified rice kernels. The Kernels are enriched with Folic Acid and Iron through an extrusion process creating nutrient rich grains that will be blended with regular rice to produce fortified rice. This initiative was highlighted as an urgent priority…
Fitch Ratings: The refinancing risks of Fitch-rated APAC emerging market (EM) non-bank financial institutions (NBFIs) in China, India, Indonesia and Sri Lanka remain modest in aggregate despite higher reliance on short-term debt than other regions and high US dollar interest rates, Fitch Ratings says in a new report. We estimate total debt maturing in 2024…
Sri Lanka’s tourism industry is experiencing a robust recovery, with total earnings reaching US$1,556.6 million in the first half of 2024, marking a 77.9% increase compared to the same period in 2023, when earnings were $875 million, according to the Central Bank of Sri Lanka. June 2024 saw an influx of 113,470 tourists, generating $151.1…
Commercial Bank Bangladesh, the Bangladesh operation of Commercial Bank of Ceylon PLC, has received a ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for 2024, the 14th consecutive year it has received the highest credit rating given to a financial institution in Bangladesh. Valid till June 2025, the…
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