Sri Lanka has signed an agreement for the development of hybrid renewable energy systems on 3 islands off Jaffna today (March 01). Minister of Power and Energy Kanchana Wijesekera stated that under a full financial grant of USD 10.995 million extended by the Government of India, the islands of Delft, Analativu and Nainativu will receive…
The Finance Ministry on Thursday (Feb.29) unveiled the Government Action Plan, which was prepared based on the Governance Diagnostic Assessment (GDA) furnished by the International Monetary Fund (IMF). Taking to his X handle (formerly Twitter), Finance State Minister Shehan Semasinghe said this action plan further demonstrates the Sri Lankan government’s commitment to building a sustainable…
Sri Lanka to Host Digital Economy Summit in July – State Minister for Technology Kanaka Herath. The State Minister for Technology, Mr. Kanaka Herath, announced that the anticipated National Cyber Security Act will be introduced this year, followed by the establishment of the Cyber Security Authority. Additionally, the State Minister underscored the preparations made for…
Uber Eats Sri Lanka has announced the introduction of a service fee on orders on the popular food and grocery delivery app. From February 29, customers will notice a restructuring in fees, aimed at sustaining a reliable and efficient food delivery service. While ordering from the Uber Eats app, consumers will now pay delivery charges…
Seylan Bank announced the appointment of Justice Buwaneka Aluwihare PC as an Independent Non- Executive Director to its Board with effect from 26th February 2024. Upon being called to the Bar in 1982, Justice Buwaneka Aluwihare PC joined the Attorney General’s Department in 1983 as a State Counsel and served the Attorney General’s Department for…
The overall rate of inflation as measured by the Colombo Consumer Price Index (CCPI) on a Year-on-Year (Y-on-Y) basis, has further decreased to 5.9% in February, compared to the previous month. The CCPI-based inflation was calculated as 6.4% for the month of January 2024. According to the latest report issued by the Department of Census…
Reliance Consumer Products Limited (RCPL), the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), today announced that it has partnered with Sri Lanka-headquartered Elephant House to manufacture, market, distribute and sell beverages under the Elephant House brand across India. This association will not only help RCPL bolster its growing beverage portfolio that…
By Dr Asanka Wijesinghe The Sri Lanka-Thailand Free Trade Agreement (SLTFTA) paves the way for lower tariffs on 85% of products between Sri Lanka and Thailand. Strategic use of uncommitted lists to restrict imports from the partner country may weaken the effectiveness of SLTFTA. The agreement opens avenues for trading new products, enhancing bilateral trade…
Register.lk, Sri Lanka’s premier domain and hosting service provider, marks a significant milestone with the launch of its innovative Support Center in Colombo 06. Located at No 130 High Level Rd, the center is crafted to redefine tech industry support, offering state-of-the-art assistance 24/7 to clients nationwide. For years, the reliance on international sources for…
The Ceylon Motor Traders Association (CMTA) recently received an invitation from the Society of Indian Automobile Manufacturers (SIAM), the apex national body representing vehicles and vehicular manufacture in India, to discuss ways to revive Sri Lanka’s automotive sector. Mr. Charaka Perera, Chairman of CMTA and Mr. Virann de Zoysa ,Senior Vice Chairman of CMTA, met…
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