Having invested in the tech sector for thirty years across frontier markets spanning South America to Asia, Dr Cornelius Boersch maintains that all markets exhibit similar dynamics. With this perspective, he first visited Sri Lanka in October 2021, emerging as one of the earliest global tech investors to commit to post-COVID recovery through Mountain Lion…
New Legislation Heading to Parliament in April. Government Financial Control Law Also on the Agenda. Equal Benefits for All in Emerging Economy -President. President Ranil Wickremesinghe highlighted that if Sri Lanka continues to rely on borrowing to address the imbalance between imports and exports, the nation will inevitably confront another economic crisis within a decade….
BIA records sharp increase, serving 850,000 travellers this year – Chairman of Airport and Aviation Services Sri Lanka Athula Galketiya. Chairman of Airport and Aviation Services (Sri Lanka) Ltd. Athula Galkatiya remarked that the arrival of foreign tourists has risen owing to President Ranil Wickremesinghe’s economic initiatives and the peaceful environment fostered within the country….
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024–2028. The strategy will focus on restoring the country’s macroeconomic stability, reviving growth, and establishing the foundation for sustainable recovery and resilience. “This new partnership strategy will build on ADB’s ongoing assistance to support the country’s efforts to…
SLIM Kantar People’s Awards 2024 Celebrates Sri Lankans’ Favourite Brands and Personalities The 18th consecutive SLIM Kantar People’s Awards concluded successfully on the 19th March 2024, at the Monarch Imperial. The Awards were presented to the winners amidst an atmosphere of glitz and glamour, marking the significance of this milestone in the annals of marketing…
‘Code Red – Climate Risks and Opportunities for Sri Lankan Businesses’ The Ceylon Chamber of Commerce is proud to announce the inaugural Sri Lanka Climate Summit 2024, themed “Code Red: Climate Risks and Opportunities for Sri Lankan Businesses” from May 7-9 at the Shangri La Hotel, Colombo. As Sri Lanka stands at a critical juncture…
The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee loans borrowed by Sri Lankan Airlines from state-owned Bank of Ceylon and Peoples’ Bank. Sri Lankan Airlines is bankrupt. No buyer will be prepared to take on both a…
New Energy Vehicles (NEV) are no longer a futuristic vision; they’re rapidly transforming the automotive landscape. This shift wouldn’t be possible without ground-breaking innovations that have addressed key challenges and made NEVs more efficient, safer, and sustainable. Leading the charge in these advancements is BYD, a company proving that electric mobility is not just feasible…
Adani Group plans to invest about $14 billion across its portfolio companies that range from ports to energy, airports, commodities, cement and media in the fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources said. In the final quarter of…
A Memorandum of Understanding (MoU) was signed between the Ministry of Education and Microsoft Company at the Presidential Secretariat yesterday (19), marking the commencement of a pilot project to integrate Artificial Intelligence (AI) into the school curriculum. This initiative will offer students above grade 8 the opportunity to delve into AI within the realm of…
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