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…
The United States Agency for International Development (USAID)’s Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity, with the Ceylon Chamber of Commerce (CCC), have completed an on-the-job coaching program for 50 Development Officers (DOs) attached to the Sri Lanka Export Development Board (SLEDB). At an award ceremony on 18th January 2024,…
The Prime Minister of Thailand, Srettha Thavisin will undertake a two-day official visit to Sri Lanka from 03 – 04 February 2024 at the invitation of President Ranil Wickremesinghe, the Ministry of Foreign Affairs said. The Thai Prime Minister will participate in the ceremony to mark the 76th Anniversary of the Independence of Sri Lanka…
Reuters – A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain a deepening crisis. Justice Linda Chan decided to liquidate the world’s most indebted developer, with more than $300 billion of total liabilities, after noting…
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