The fuller five-member senior bench in the Supreme Court (SC) appointed by CJ to hear the Adani Wind Power case citing the importance of this National Project to the economy and Energy Sustainability in Sri Lanka today (02) rejected the request for an early hearing and extension of support days by Petitioners and said the…
An International Monetary Fund (IMF) mission team led by Senior Mission Chief Mr. Peter Breuer visited Sri Lanka from July 25 to August 2, 2024, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the authorities’ economic reform program supported by the IMF’s Extended Fund Facility (EFF) arrangement. At the…
Minister of Foreign Affairs Ali Sabry PC said today (01) that President Ranil Wickremesinghe’s decision to set up three special committees as a proactive measure to address potential crises in the Middle East is highly timely. The Minister highlighted that while international events are uncontrollable; waiting for a country to collapse is not an option….
National Organic Control Unit (NOCU) – the competent authority for Organic Agriculture in Sri Lanka, established under the Sri Lanka Export Development Board (EDB) – launched its initiative to promote Organic Agriculture islandwide recently. As part of this effort, the first awareness program- was successfully conducted in Kegalle District on the 25th of July at…
Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, recorded a Profit Before Tax (PBT) of Rs.1.75 billion for Q1 of the 2024/25 financial year, recording a profit growth of 281% over the corresponding period from the last financial year which was Rs.459 million. This stellar performance of Richard Pieris Group for…
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection Colombo. State Minister of Finance Ranjith Siyambalapitiya was in attendance as the Chief Guest. The Ceylon Chamber of Commerce, expertly facilitated and coordinated the entire training programme which was…
Reflecting on 45 years of Sri Lanka Ports Authority’s transformative impact on Sri Lanka’s ports while envisioning continued growth and excellence in the maritime sector Governor Joseph West Ridgeway, in Review of Administrative Affairs of Ceylon (1896-1903), lauded Colombo Harbour as one of the colony’s greatest assets, emphasising its status as one of the finest artificial harbours…
The Sri Lanka rupee remained broadly stable during July 2024 despite some intermittent volatility. The Sri Lanka rupee appreciated by 7.1 per cent against the US dollar during the year up to 31 July 2024. Meanwhile, reflecting cross-currency movements, the Sri Lanka rupee appreciated against other major currencies, such as the euro, the pound sterling,…
Scybers Inc., the fast-growing global cybersecurity firm, announced that the Digital Innovation Fund, managed by BOV Capital and powered by Dialog Axiata PLC, has made a strategic investment in the company. Cybersecurity has become a critical concern for global enterprises amidst the post-pandemic digital acceleration, a surge in ransomware attacks, increasing regulatory demands, and a…
The Sri Lanka Export Development Board (EDB) is pleased to announce that applications are now open for the Presidential Export Awards (PEA) 2023/24. The PEA ceremony is scheduled to be held in November 2024 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of the President of the Democratic Socialist Republic of Sri…
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