On behalf of the ‘International Day of Education’ which was celebrated on the 24th of January, Room to Read Sri Lanka partnered with the Colombo Stock Exchange to ring the opening bell for trading. Room to Read marks this occasion as it approaches a significant milestone of transforming the lives of 40 million children across…
Advocata’s Bath Curry Indicator (BCI) which is a price-index that tracks the monthly changes in the retail price of a basket of commonly consumed food items using prices collected from the Pettah market (by the Central Bank of Sri Lanka), recorded a year-on-year increase of 33.72% in December 2023, compared to the same corresponding period…
Consolidated power sale volume at 21.5 Billion Units (BU) in Q3 FY24, up by 82% from 11.8 BU in Q3 FY23 due to improved power demand and larger installed capacity. Adani Power Ltd. (APL), a part of Adani portfolio companies, recently announced the financial results for the third quarter ended at 31st December 2023. Commenting…
Yara Technologies [“Yara”], Sri Lanka’s premier EdFinTech company, expanded into the African market by partnering with Meus Technologies, Zambia [“Meus”]. This move is strategically aligned with Africa’s rapidly growing FinTech landscape, presenting significant opportunities for Yara to enhance access to capital, especially for the expanding middle class. The company expects the FinTech adoption to be…
The Sri Lanka Tourism Development Authority reports that the total number of tourists who visited Sri Lanka as of January 28, 2024, is 189,574. During this period, the highest number of tourist arrivals was recorded on January 15, with a total of 8,541 visitors. India was the leading contributor to tourist arrivals during this period,…
Sri Lanka and Australia today signed a 10-year subsidiary arrangement that commits an initial AUD 30 million (LKR 6.3 billion) over five years to support improved governance in Sri Lanka. Through a suite of programs, the arrangement supports the Sri Lankan government, non-profit institutions and civil society to improve evidence-based policy and decision-making, deliver better…
The Securities and Exchange Commission of Sri Lanka (SEC), in September 2023, released the updated Corporate Governance Regulations for entities listed on the Colombo Stock Exchange (CSE). The revisions come after nearly 15 years and apply to companies listed on the Main Board and Diri Savi Board, with a majority of the rules effective from…
Airline’s dedicated lounge at BIA to serve traditional Sri Lankan festive fare on 4th February Emirates, the world’s largest international airline, is marking Sri Lanka’s 76th Independence Day on 4 February with a culinary tribute to delight its customers. The airline’s lounge at the Bandaranaike International Airport (BIA) will be decked out and celebrating the…
Last week, State Minister Kanaka Herath had the opportunity to visit Dr. Harsha Subasinghe and his teams at CodeGen and Vega Innovations. At CodeGen, State Minister Kanaka Herath was introduced to their revolutionary “Smart Cloud School” platform. The web-based solution offers seamless access for teachers, students, parents, and administrators, paving the way for a more…
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn).It is only a 0.39 % decline when compare to the value recorded in previous year (US$ 14.99 Bn).Estimated increase in service exports is around 63%. Sri Lanka’s Export Performance in December 2023 Sri…
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