Four Hatch startups: Hyperglade, Miris by Islandmom, True by Tina and Feelo have acquired funding to take their businesses to the next level. The most significant of these funding opportunities came from Silicon Valley investor Tim Draper who funded Hyperglade with USD350,000 proving that the local entrepreneurial talent among Hatch startups are capable of making…
In a recent press conference Wednesday (17 May) MP Harsha de Silva outlined several critical points regarding the IMF Program. De Silva expressed general agreement with the stabilization program but stressed the need for specific amendments to focus the program towards medium-term growth. De Silva questioned the four-year plan outlined in the IMF Program. He…
Elects industry stalwart Indika De Zoysa as new chairman for 2023/2024 FITIS – Federation of Information Technology Industry Sri Lanka, the apex body of the ICT industry, recently elected its Board of Directors for the year 2023/2024 at its Annual General Meeting (AGM) held on 28th April 2023 at JAIC Hilton, amidst a large gathering…
The Hambantota International Port (HIP) launched its Duty Free Complex with the opening of 2 duty free shops within the port’s premises. The complex is designed to grow the duty-free business catering to the vessels calling HIP. The first two operators to set up at HIP’s duty free complex are Royale Electronics and United Life,…
Posts revenue of Rs 84 billion for full year; Rs 17.3 billion in Q4 Sri Lanka’s first multinational textile manufacturer Teejay Lanka PLC has ended 2022-23 with noteworthy revenue and gross profit growth demonstrating its resilience in the face of external challenges and higher taxation that pressured profits in the second half of the year….
Dr. Cabral, a veteran legal professional with a wealth of experience and exposure both in the local and international arenas assumed duties as the new Chairperson of NSB on 17th May 2023 at the NSB Head Office premises amidst the well wishes of Mr. Ajith Peiris GM/CEO, Senior Management of NSB and the members of…
Taking a step forward in its drive to offer customers the convenience and assurance of digitally enabled travel journeys, Emirates will require most passengers departing Dubai to use a mobile boarding pass instead of a printed paper version, from 15 May onwards. Passengers checking in at Terminal 3 will receive their mobile boarding pass via…
Ambassador Dr. Palitha Kohona attended the Belt and Road International Tea Trading Forum in Hefeng County, Hubei Province as a guest speaker. Hubei has over 700,000 hectares of immaculately tended tea gardens. Addressing the gathering of tea experts (including many academics), senior government and party officials, tea traders and diplomats, Ambassador Kohona, as an invited…
Reuters – Alphabet Inc’s (GOOGL.O) Google on Tuesday said it would delete accounts that had remained unused for two years starting December, in a bid to prevent security threats including hacks. The company said that if a Google account had not been used or signed into for at least two years, it might delete the account and content across…
Colombo International Container Terminals (CICT) has announced the maiden call of a new service to the Port of Colombo that will connect Sri Lanka with the East Coast of the United States via Asia, strengthening another important trade route for exporters and importers and making Sri Lanka more accessible to global markets. Launched on 16th…
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