TikTok, the leading destination for short videos, has announced the launch of text posts, an innovative new format designed to empower creators and provide exciting opportunities for self-expression. With text posts, TikTok is expanding the boundaries of content creation, offering its vibrant community another innovative way to showcase their stories, poems, recipes, and other written…
The Central Bank of Sri Lanka published its inaugural Monetary Policy Report (MPR) Monday (31.07.2023). The publication of the Monetary Policy Report marks an important step towards improving the transparency of monetary policy and is expected to promote engagement with all stakeholders of the economy through the dissemination of information that was considered by the…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decreased to 6.3% in July 2023 from 12.0% in June 2023. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in July 2023. The…
The winds of change are blowing in Mannar, Sri Lanka, as the Hiruras Power (Pvt) Ltd Wind Power Project takes centre stage. Situated in the wind rich Mannar wind belt, this unique project marks a significant milestone in Sri Lanka’s renewable energy journey. With WindForce holding a 100% stake and a combined capacity of 15…
By Prof. Samitha Hettige World famous Notre Dame Cathedral in France constructed in the 12th & 13th centuries was damaged by fire in April 2019. As part of the restoration effort scheduled to finish by Christmas 2024, a new spire is being reconstructed in workshops. Architects believe it will be identical to the original &…
NDB Wealth makes history by becoming the first and only unit trust management company to reach Rs. 100 billion in assets under management since the inception of the Unit Trust Industry. Licensed by the Securities and Exchange Commission of Sri Lanka as an Investment Manager and Unit Trust Manager, NDB Wealth is the largest private…
Asia’s premier Gem and Jewellery show is back for the 30th consecutive year. The 2024 FACETS Sri Lanka edition is showcasing to the world the wonders of Sri Lanka, tracing the historic roots of the Island’s gem and jewellery culture. Sri Lanka is renowned across the world for being a treasure trove for gems, producing…
An efficient and strategic public service management policy instead of administration – Madhura Withanage The Chairman of the Select Committee of Parliament to study the practical problems and difficulties that have arisen in relation to enhancing the rank in the Ease of Doing Business Index in Sri Lanka and make its proposals and recommendations stated…
Expolanka Holdings PLC, reporting financial results for the first quarter of the 2024 financial year, that ended 30th June 2023, remained steadfast in consolidating performance and pursuing its long-term strategy. During the quarter under review, Expolanka Holdings demonstrated incredible resilience, with a revenue of Rs. 55.5 Bn and a Gross Profit of Rs. 11.2 Bn,…
Bloomberg – Sri Lanka tops the list of nations that may host a Chinese naval base in the coming years as Beijing seeks to expand its maritime capabilities, according to a new report. The South Asian nation’s Hambantota port is the most likely spot for a base given the US$2.19 billion China has already invested…
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