Quarterly revenue of KRW 71.92 trillion, operating profit at KRW 6.61 trillion Global IT demand and business environment expected to improve in H2 based on demand for AI applications Samsung Electronics reported financial results for the first quarter ended March 31, 2024. The Company posted KRW 71.92 trillion in consolidated revenue on the back of…
Reuters – Sri Lanka has entered into a 20-year power purchase agreement with India’s Adani Green Energy Ltd (ADNA.NS, opens new tab for two wind power stations developed by the company, a cabinet statement said on Tuesday. Adani Green Energy, the renewable energy unit of the Adani Group, led by billionaire Gautam Adani, won the approval in February…
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing…
It was decided at the Cabinet meeting held yesterday (06) to maintain the existing US $50 fee for a 30-day visa for foreigners visiting Sri Lanka. Furthermore, it was confirmed that the free visa service currently offered to citizens of seven countries, India, China, Russia, Japan, Malaysia, Thailand and Indonesia will continue while the Government…
Inaugural Sustainable Green Industry Conference and Awards Ceremony will be presided over by the President. Minister of Industries and Health, Dr. Ramesh Pathirana, announced that the forthcoming “Industry EXPO 2024” will grace the Bandaranaike Memorial International Conference Hall (BMICH) from June 19th to 23rd, under the patronage of President Ranil Wickremesinghe. Additionally, the minister highlighted…
Acquisition will enable accelerated investment in innovative technology for digital transformation WSO2, the leader in digital transformation technology, announced that it has signed a definitive agreement to be acquired by EQT. “We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder…
Bahrain will be first destination served by the Emirates A350, introducing Premium Economy seats on Middle East/GCC regional routes for the first time Colombo’s 4th daily service EK654/655 will be served by the A350 from 1 January 2025 Emirates Premium Economy seats will be available on 42 destinations* by February 2025 Colombo will be among…
Renewable Energy target for 2030 revised upwards to 50 GW from 45 GW Adani Green Energy Ltd (AGEL), one of the world’s fastest-growing pure-play renewable energy companies, recently announced financial results for the quarter and year ending 31 March 2024. AGEL is developing the world’s largest renewable energy project of 30,000 MW on barren land…
We have been alerted regarding several incidents of financial fraud, both globally and in Sri Lanka, disguised as attractive online offers, leading to mobile device users inadvertently clicking on unknown links and downloading malicious apps and files. This action grants scammers complete access to the mobile device, enabling them to control it remotely. Once the…
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri…
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