Sri Lanka’s State Minister of Technology, Kanaka Herath, and the newly appointed Indian High Commissioner to Sri Lanka, Santosh Jha, met on Friday at India House in Colombo to discuss strengthening bilateral ties and collaboration in the technology sector, particularly around Sri Lanka’s Unique Digital ID project. The meeting, held at High Commissioner Jha’s invitation,…
The company is reported to have invested close to ₹3,000 crore in the Sri Lankan luxury property, which is being set up under a subsidiary WelcomHotels Lanka ITC’s Hotel Group, one of India’s leading luxury hotel chains, is gearing up to launch its first international luxury hotel, which is coming up in Sri Lanka, within…
Contemporary International Debt Settlement Model deemed inappropriate in the present context. Developing Nations Unduly Affected by Current System – Revealed President Wickremesinghe at the 3rd South Summit of G77 + China. President Ranil Wickremesinghe addressing the 3rd South Summit Sunday (21) in Kampala, Uganda, highlighted the numerous challenges the world faces, such as conflicts, pandemic…
Mr. Shamindra J. M. Marcelline has notified of his intention to resign from the position of Chief Executive Officer/General Manager of People’s Leasing & Finance with effect from 01st April 2024 in order to pursue his future career plans. The notice of resignation has been accepted by both the Nomination and Governance Committee and by…
MOU on visa exemption for holders of diplomatic, official and service passports is set to be signed between the two nations. The PM of Ethiopia extends congratulations to Sri Lanka for its swift economic recovery. Bilateral discussions were held Friday (19) between President Ranil Wickremesinghe and Vice President of the Republic of Benin Ms. Mariam…
The economic reform program implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves. Staying the course on the reform agenda is necessary for this stabilization to evolve into broad-based…
Sri Lanka Targets Digital Transformation: A $15 Billion Opportunity by 2030 Sri Lanka’s future shines with digital possibilities, as outlined by its Technology Minister at a recent conference. The Minister emphasized the need to move beyond simply digitizing processes to a complete organizational overhaul driven by technology. This “digital transformation” aims to propel Sri Lanka…
A collaborative effort led by the Export Development Board (EDB) alongside Sri Lankan Universities, The Tropical Ornamental Fish Association and Sri Lanka Ornamental Fish Farmers’ Association have organized a one-day workshop on 11th January 2024. The main aim of this workshop was to help improve the export potential of ornamental fish, support grassroots development, and…
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) at its board meeting held on the 18th of January announced the appointment of Shyam Sathasivam as the Group Chief Executive Officer. Shyam held the position of Managing Director of the subsidiaries Sunshine Healthcare Lanka Limited and Sunshine Consumer Lanka Limited. Shyam brings over 21 years of corporate…
In its continuous commitment to advancing the interests of exporters, the Export Development Board (EDB) stands out as the premier organization dedicated to the development and promotion of exports. As part of its dynamic approach to fostering global trade, EDB is actively engaged in identifying and cultivating potential markets for exporters worldwide. Furthermore, the EDB…
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