In light of the recent communication regarding the removal of the exception on the export of services, we, the Sri Lanka Association of Software and Services Companies (SLASSCOM), the Federation of Information Technology Industry Sri Lanka (FITIS), the BCS Sri Lanka Section (BCS), and the Computer Society of Sri Lanka (CSSL) share our collective thoughts…
The Central Bank of Sri Lanka (CBSL) has implemented a new mandate requiring all depositors at licensed banks and finance companies to provide unique identification numbers. Initially effective from October 1, 2022, this requirement has been updated with new Operating Instructions issued in May 2024 under the Banking (Special Provisions) Act, No. 17 of 2023….
BYD celebrated the inauguration of its Thailand plant and the production of its 8 millionth new energy vehicle in Rayong, Thailand, marking two milestones in the company’s global expansion. The ceremony was attended by Ms. Pimphattra Wichaikul, Thailand’s Minister of Industry; Mr. Han Zhiqiang, Chinese Ambassador to Thailand; Mr. Narit Therdsteerasukdi, Secretary General of Thailand…
Cable Solutions Limited (CSLK), one of Sri Lanka’s leading specialised integrated cable manufacturer, stands at the forefront of innovation in the cable manufacturing industry. As CSLK prepares for its initial public offering (IPO), it presents an excellent value opportunity for investors eager to capitalise on a company with a robust growth trajectory and a commitment…
Five leading Sri Lankan maritime service providers recently showcased the nation’s maritime capabilities at Posidonia 2024, the world’s largest shipping exhibition, which was held in Athens, Greece, in June 2024. This biennial event attracts global industry leaders, and this year, Sri Lanka made a presence with its comprehensive display of maritime services, reinforcing its status…
Over 73,000 Receive Freehold Land Rights in Kurunegala District through “Urumaya” Program. Granting land rights to the people embodies real socialism. I assumed leadership during a period when no other leaders were willing to step up. The government, which successfully steered the country away from bankruptcy, is now addressing the people’s challenges. Kurunegala’s new development…
National Development Bank PLC, as the “trend setter” in the industry, proudly announces its landmark achievement as the first Sri Lankan bank to be certified to the latest ISO 27001:2022 for their Information Security Management System (ISMS). This prestigious certification underscores NDB’s commitment to uphold global standards and protect the information assets of the bank’s…
Sri Lanka’s official reserve assets increased by 4.3% to USD 5.64 billion in June 2024, compared to USD 5.41 billion in May 2024, according to the Central Bank of Sri Lanka (CBSL). This includes proceeds from the swap with People’s Bank of China (PBoC) equivalent to around USD 1.4 billion, which is subject to conditionalities…
The Sri Lanka Export Development Board (EDB) recently hosted a workshop on the Fair Trade Certification Process in Sri Lanka bringing 02 prominent certification entities to a one platform. The workshop aimed to educate Sri Lankan producers and exporters about Fair Trade certification processes and the importance of acquiring such certification. The workshop highlighted Fair…
Travellers to enjoy savings on tickets purchased when planning summer travel; special fares are applicable on tickets purchased before 30th July for travel up to 31 October Emirates has announced special fares exclusive to Sri Lanka, enabling travellers from Colombo to enjoy journeys to Europe and North America while flying better. Inclusive of 20 popular…
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