Adani Group plans to invest about $14 billion across its portfolio companies that range from ports to energy, airports, commodities, cement and media in the fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources said. In the final quarter of…
A Memorandum of Understanding (MoU) was signed between the Ministry of Education and Microsoft Company at the Presidential Secretariat yesterday (19), marking the commencement of a pilot project to integrate Artificial Intelligence (AI) into the school curriculum. This initiative will offer students above grade 8 the opportunity to delve into AI within the realm of…
President Ranil Wickremesinghe is the Only Leader to Rescue Country”-Eastern Province Governor, Mr. Senthil Thondaman. The Governor of the Eastern Province Mr. Senthil Thondaman stated that the debt crisis of the country can be resolved by successfully executing the development projects outlined for the Eastern Province under the guidance of the President. He further stressed…
Global Conversions, a leading Sri Lankan-owned company specializing in automobile re-engineering, has achieved a remarkable milestone in the automotive industry with successful conversion of the world’s first Hummer EV SUV to right-hand drive. This groundbreaking achievement exemplifies Global Conversions’ commitment to innovation and excellence in the field of vehicle conversions. Global Conversions has been at…
The buying rate of the US Dollar has dropped below the Rs. 300 mark for the first time since July 05, 2023. According to the official exchange rates announced today by the Central Bank of Sri Lanka (CBSL), the buying rate of the USD is Rs. 299.29 and the selling rate is Rs. 308.90. Meanwhile…
Pepsi® unveils new summer campaign; recreates iconic international commercial with Jacqueline Fernandez, emphasizing the ‘Refreshing Pepsi, Bold New Look’ in Sri Lanka Pepsi®, the iconic beverage brand, is gearing up to embrace the summer season in Sri Lanka with its latest film starring the charismatic Jacqueline Fernandez. Aligned with the campaign positioning ‘Refreshing Pepsi, Bold…
World Bank – In the rural town of Morawaka located in Southern Sri Lanka, home to lush tea estates and paddy fields, Ramya is finally mother to a beautiful baby girl. She was born after a harrowing experience of an umbilical cord prolapse, a condition where the umbilical cord gets out of the body before…
The Securities and Exchange Commission of Sri Lanka (SEC) as part of its continuous engagement process with stakeholders in the capital market landscape, held a meeting with the managing partners and audit partners of audit firms on its list of Approved Auditors recently. The main purpose of this session was to discuss the SEC’s expectations…
Some Sri Lankans among Sinhala Buddhists & Hindu Tamils would celebrate the ‘Sinhala – Hindu’ new year in few weeks. The Central Bankers (among them) unlike many will not conflict within families on purchasing to celebrate in the current economic situation but even they will have to fight to decide on the auspicious times as…
The Government of Japan, as one of our main development partners, provides concessional loans and various grant aid schemes such as the Economic and Social Development Programs, Technical Cooperation, Research Partnerships, Development Studies, and non-project grant aid with a view to improving the socio-economic status by strengthening bilateral relations between the two countries. During the…
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