Colombo West International Terminal (CWIT) has made another crucial advance towards becoming one of Asia’s leading port facilities with the delivery of its first 2 semi-automated Rail Mounted Quay Cranes (RMQCs) and 3 additional fully automated Cantilever Rail-Mounted Gantry Cranes (CRMGs). This shipment marks the second in a series of deliveries as the terminal gears…
SriLankan Airlines has unveiled new apron bus wraps that celebrate the iconic cities forming the map of Sri Lanka. Through vibrant illustrations, the new wraps promote the extraordinary iconography and experiences that each location offers. These newly branded apron coaches, which transfer passengers between the terminal and remote stands at Bandaranaike International Airport, will be…
The President has appointed two senior consultants to advise on economic affairs and finance, as per the powers vested in him by Article 41 (1) of the Constitution. The appointments, made in consultation with the Cabinet of Ministers, have been confirmed effective from September 24, 2024. Mr. Duminda Hulangamuwa and Dr. A.A.J. Fernando have been…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) entered into negative teritory, recording a deflation of 0.5% in September 2024, for the first time since September 2015. Food category recorded a deflation (Y-o-Y) of 0.3% in September 2024 compared to the inflation of 0.8% in August 2024. Further, Non-Food category also recorded a…
Airline concludes 2024 Passenger Sales Conference, a four-day event filled with forward-thinking discussions and inspirational sessions focused on the future Over 850 Emirates commercial team members from around the world convened in Dubai this week for the airline’s Passenger Sales Conference 2024 under the banner of ‘Next Era – Equip, Embrace, Excel’. This biannual event…
Export Performance in August 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel &…
The Communist Party of China (CPC) formed the Peoples Republic of China (PRC) on 1st October 1949 & PRC thus celebrates its 75th anniversary on 1st October 2024. Communist Party lead government built world’s 2nd largest economy while delivering domestic demands to a population which is approx 1/5 of global population. This is a good…
BCT to develop further and market Temenos Country Model Banks, providing enhanced local functionality and service capability for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines, Taiwan Temenos (SIX: TEMN) today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country…
A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China’s Hubei Province, starts her day by waking up and sitting before a made-in-China “magical mirror” or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time. After breakfast, she hails a Robotaxis from…
Records highest number of transactions in country’s trade and supply chain finance domain between 1st July 2023 and 30th June 2024 The Asian Development Bank (ADB) has honoured Commercial Bank of Ceylon as its ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions for the fourth consecutive year. This noteworthy reiteration of Commercial…
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