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Indo Lanka Chamber of Commerce and Industry Extends Congratulations to Sri Lanka’s New Government and Parliament Members

The Membership and Executive Committee of the Indo Lanka Chamber of Commerce and Industry (ILCCI) proudly extend their warmest congratulations to the newly elected government and all members of parliament. This historic occasion marks a fresh chapter in Sri Lanka’s journey toward progress, and we are filled with optimism for the positive transformation that lies…

(0)Comments | November 19, 2024 1:20 pm

CRTA Congratulates NPP on Their Victory and Samantha Vidyarathna on Appointment as Minister of Plantation and Community Infrastructure

The Colombo Rubber Traders’ Association (CRTA) extends its heartfelt congratulations to the National People’s Power (NPP) on their recent victory and welcomes Hon. Samantha Vidyarathna as the newly appointed Minister of Plantation and Community Infrastructure. The Chairman of CRTA, Mr. Harin de Silva, expressed his confidence in the Minister’s ability to steer the plantation sector…

(0)Comments | November 19, 2024 1:11 pm

PA congratulates NPP on resounding victory, calls for balanced long-term policy to secure plantation industry’s sustainability

The apex body of the plantation industry in Sri Lanka, The Planters’ Association of Ceylon (PA) issued a statement congratulating President Anura Kumara Dissanayake and the National People’s Power (NPP) on their recent and resounding electoral victory. The Association also extended its congratulations to Samantha Vidyarathna on his appointment as Minister of Plantation and Community…

(0)Comments | November 19, 2024 11:27 am

First Capital Holdings PLC shows Strong Performance in the First Half of 2024/25, reflecting Business Resilience

First Capital Holdings PLC (the Group) recorded a Total Comprehensive Income of Rs. 904 million for the six months ended September 30, 2024, demonstrating resilience in a dynamic market environment, compared to Rs. 9.58 billion in the same period of last year. The Group’s net income before operating expenses for the first half of 2024/25…

(0)Comments | November 19, 2024 11:25 am

Sri Lanka Banks’ Association reiterates support to new government

The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the Parliamentary election and pledged its support to the new government in the challenging journey ahead. The Association, which represents all licenced banks in Sri Lanka, also noted that its recent interactions with the Presidential Secretariat has…

(0)Comments | November 19, 2024 11:18 am

Parliament’s catalytic role can deliver to prevent conflicts – By Prof. Samitha Hettige

Leaders from African nations including Uganda while attending the China Africa summit in Beijing recently agreed that ‘blossoms in spring turn into fruits in autumn & a bumper harvest is the reward of hard work’. Efforts of those who fought with Rohana Wijeweera (founder of JVP) were turned into fruits this autumn by Sri Lankans…

(0)Comments | November 19, 2024 9:18 am

President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program

Focus on Social Spending: Tackling Child Poverty, Malnutrition, and Supporting the Differently Abled IMF Program Hinges on Rebuilding Public Trust in Governance The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief…

(0)Comments | November 19, 2024 9:09 am

Sigiri.Ai Launches First-Ever Sinhala and Tamil Large Language Models

Appoints Jeevan Gnanam as Managing Director Sigiri.Ai founded by Lasitha Gunasinghe has introduced a groundbreaking development for Sri Lanka’s digital landscape: the first-ever Sinhala and native Tamil Large Language Models (LLMs). This pioneering step brings advanced natural language processing to local languages, offering new levels of accessibility and engagement for Sinhala and Tamil speakers. The…

(0)Comments | November 19, 2024 7:03 am

Prof. P.N.D. Fernando Assumes Duties as the New Chairman of People’s Bank

Prof. P.N.D. Fernando officially took over as Chairman of People’s Bank on 18th November 2024 at a ceremony held at the bank’s Head Office attended by CEO/GM of People’s Bank, Clive Fonseka and the bank’s senior management. Prof. Fernando brings with him over 25 years of experience in finance, banking, and higher education. He has…

(0)Comments | November 19, 2024 6:54 am

Preserve the Investment Climate: Case of Adani’s Mannar Wind Power Project – Dr. Naresh Bana

The Adani Group’s wind power project in Mannar, Sri Lanka, has a planned capacity of 250 megawatts (MW). This project is part of a broader investment in renewable energy by Adani group in Sri Lanka, with expected completion by 2025. This initiative aims to support Sri Lanka’s renewable energy goals and create up to 2,000…

(0)Comments | November 18, 2024 3:44 pm