The Sri Lankan government says it is planning to implement an International A2P (Application-to-Person) short message services (SMS) centre. The Cabinet of Ministers, at its meeting on Monday (Jan. 01), approved a proposal tabled by President Ranil Wickremesinghe aimed at regularizing short message exchanges in order to confront fraud and spam and other illegal activities….
During the 2023 5G Core Network Summit, GlobalData, a world-renowned consulting firm, released the High-Stability Core Network White Paper together with AIS, Entel, Sunrise, Türk Telekom, and Huawei. The white paper is industry’s first to systematically analyze the reliability challenges faced by cloud-native core networks and propose a core network reliability standard to classify different…
Reuters – Oil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer. Brent crude rose $1.20, or 1.5%, to $78.24…
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to fostering business confidence within the country. During a press conference at the Presidential Media Centre (PMC) themed ‘Collective Path to a Stable Country,’ held Monday (01) the State Minister disclosed that the state revenue accounted for 11.2% of the…
Reuters – Israel plans to bring in around 70,000 foreign workers from China, India and elsewhere to boost its construction sector, which has been largely frozen since the Oct. 7 Hamas attack, a newspaper reported on Monday, citing a government official. Yehuda Morgenstern, director general of the Construction and Housing ministry, told the Calcalist financial…
Sri Lanka has just barely missed its 1.5 million tourist arrivals target set for 2023, despite seeing a record number of tourists visit the island nation in December last year. According to the latest figures of the Sri Lanka Tourism Development Authority (SLTDA), approximately 210,352 tourists arrived in December 2023, bringing the total number of…
The Commercial Bank of Ceylon has begun 2024 by underlining its commitment to sustainability – symbolically as well as literally. The instantly-recognisable Commercial Bank logo in blue will hereafter also feature a green element, representing the Bank’s multifaceted commitment to sustainability, encompassing diversity, inclusivity, good governance, transparency, social equity, accountability and eco-friendly banking solutions, the…
The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany, initiated a series of Capacity Building programmes for export-oriented Women Led Business in Sri Lanka. This initiation aims to foster a new set of women-led exporters to the nation’s economy. The Training program was held at EDB premises, which…
Starting from today (January 01, 2024), a mandatory tax registration requirement has been instituted for individuals aged 18 and above, or those reaching 18 after this date. The Inland Revenue Department stipulates that individuals falling under these criteria must register with the department and obtain a Taxpayer Identification Number (TIN). In addition, anyone earning an…
The Hambantota International port (HIP) welcomed over 6000 tourists to Sri Lanka, in the latter part of November and during December 2023. The passengers arrived on 5 cruise liners that called at the port. The ‘Azamara Journey’ docked on the 29th November carrying 620 passengers. The Luxury cruise liner Mein Schiff 5 which arrived in Sri Lanka from…
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