The Securities and Exchange Commission of Sri Lanka (SEC) has taken a significant step towards strengthening its market surveillance role by acquiring a world class state-of-the-art market surveillance system from Nasdaq, a leading global technology company. This acquisition aligns with the SEC’s commitment to ensure a fair, transparent, and efficient securities market in Sri Lanka….
Sri Lanka’s apparel industry, a cornerstone of the nation’s economy, finds itself at a critical juncture. As the sector continues to recover from the COVID-19 pandemic and navigates ongoing economic challenges, the UK’s Developing Countries Trading Scheme (DCTS) has emerged as a potential lifeline. However, this opportunity comes with its own set of hurdles, particularly…
By Prof. Samitha Hettige. Birth centenary of Dr. Ray Wijewardene (Inventor, Innovator, Engineer, Aviator & Olympian) was celebrated recently. Though Sri Lanka didn’t benefit from the light aircrafts he designed largely due to the 30 year conflict, they were recognized internationally (in addition to the land master tractor). With increased concerns on clean energy &…
Federation Of Information Technology (Guarantee) Ltd (FITIS) signed a Memorandum of Understanding with Trainocate Lanka (Pvt) Ltd, recently to enhance the skills of IT students and professionals in newer IT Technologies. The MoU allows FITIS to join the SriLanknization Project initiated by Trainocate to provide industry accepted training and certifications in Data, Security and AI….
Dialog Axiata PLC (“Dialog”) completed the amalgamation with Bharti Airtel Lanka (Private) Limited (“Airtel Lanka”) under the applicable provisions of the Companies Act, with Dialog remaining as the surviving entity. This marks the official cessation of Airtel Lanka as a corporate entity, effective 30 August 2024, with its operational performance fully subsumed and consolidated within…
The Ceylon Chamber of Coconut Industries (CCCI) announces its inauguration, marking a historic milestone in Sri Lanka’s coconut industry. The inaugural meeting, held on August 29, 2024, at the National Chamber of Commerce of Sri Lanka, convened key industry stakeholders and highlighted the significance of this unified organization for sustainable growth, innovation, and global market…
In an era of rapid advancements in media and technology, the demand for highly skilled professionals continues to grow. Recognising this need, Mogo Media Academy, a leading institution in digital media and creative arts education, has announced its partnership with EDEX Mid-Year Expo 2024 as a Platinum Sponsor. This collaboration underscores Mogo Media Academy’s commitment…
Fitch Ratings – Hatton National Bank PLC’s (HNB; A(lka)/Stable) potential acquisition of Bank Alfalah Limited’s (BAFL) Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. We believe the acquisition, if it proceeds, would have only a modest impact on HNB’s capital. HNB announced on 26 August 2024 that it has…
MiHCM Asia Sdn Bhd has been awarded the prestigious Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC), which drives Malaysia’s digital economy. MiHCM Asia Sdn Bhd is a subsidiary of Sri Lankan homegrown company MIHCM Solutions Ltd., which operates in Asia with offices in Malaysia, Sri Lanka, Bangladesh, and Pakistan. Malaysia Digital status…
By Jithendra Antonio As the presidential election draws near, the people are eagerly awaiting the next era of Sri Lanka. There is no doubt that the result of the election will have a lasting impact on the nation and the economy. One of the most important aspects that the next government should focus on, is…
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