The Colombo Stock Exchange (CSE), along with the Securities and Exchange Commission of Sri Lanka (SEC), revised the Corporate Governance Rules for the Listed Entities after 16 years. These revised rules are applicable to companies listed on the Main Market Segment, i.e. the Main Board, Diri Savi Board and Catalyst Board, from 1st October 2023,…
The Embassy of Sri Lanka in Beijing organized a promotional event at the Chancery premises on 15 December 2023, to announce the Free Visa Regime introduced by Sri Lanka, to 7 countries, including China. Over 60 guests representing the Chinese outbound travel industry and local media participated in the event. Addressing the gathering, Charge d’…
In a groundbreaking development, Mediwave, the digital healthcare arm of Wavenet, headquartered in Singapore, partners with 1990 Suwa Seriya, Sri Lanka’s national pre-hospital emergency ambulance service, to elevate life-enhancing emergency care through Mixed Reality and Artificial Intelligence (AI). Together, a fully Connected Ambulance, powered by Mediwave’s integrated Emergency Response Suite was launched in Sri Lanka. Mediwave’s Emergency Response Suite…
In a pioneering move, SriLankan Airlines will become one of the first airlines in South Asia to introduce eco-friendly carpets onboard its aircraft after a successful trial. The eco-friendly carpets, sourced from Lantal Textiles in Switzerland, will help SriLankan Airlines reach another milestone in its journey toward a reduced carbon footprint through gradual fuel efficiency…
99x, the global technology services company rooted in Sri Lanka, proudly announces a leadership transition, signifying a pivotal moment in its journey. After a distinguished tenure of 20 years, Founder and CEO, Mano Sekaram, will step down from the role of Chief Executive Officer, with Hasith Yaggahavita set to assume the position of CEO effective…
Wins “Most Popular Music Video” and “Most Viewed Music Video of 2021” Awards South Asian pop music sensation – Yohani, bagged top honors in the categories of “Most Popular Music Video” and “Most Viewed Music Video of 2021” at the TV Derana Music Video Awards held recently. The win comes on the back of the…
Aims at strengthening economic development Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka’s economic landscape. Their latest series of reports highlights the significance of illicit markets that operate within and beyond the island’s borders. Focused on combating illicit markets and their impact on the nation’s…
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program. He emphasized that those opposing the program should provide concrete proposals to rescue the country from financial crisis. The President cautioned against engaging in rhetoric merely for public appeasement without shouldering responsibilities, noting that…
A group of authorized mobile phone importers in Sri Lanka express their deep concern over the Sri Lankan government’s decision to remove mobile phones from the Value Added Tax (VAT) exemptions list, coupled with a simultaneous increase in VAT from 15% to 18%, effective January 1st, 2024. This dual impact, wherein devices now not only…
Commends resilience of SMEs with zero-closures; urgent support imperative to boost recovery The Sri Lanka Chamber of Garment Exporters (SLCGE) commended the remarkable resilience of its apparel SME membership for rapidly adapting to tough global market conditions and ending the year with zero closures. As the apex body for SMEs in the apparel sector, the…
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