Reuters – Microsoft Corp (MSFT.O) is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture firms and deal documents were sent to prospective investors in recent weeks, with the…
The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael…
Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of…
Fortinet recently hosted its annual SAARC Partner Sync conference at Hotel Conrad Cairo in Egypt, bringing together over 170 partners to discuss emerging trends and opportunities in the field of cybersecurity. During the conference, Fortinet experts delivered a series of keynotes highlighting the evolving security landscape and provided critical insights into today’s most pressing cybersecurity…
HIP’s RORO numbers, which is expected to increase rapidly this year, was endorsed by NYK vessel MV HERMES LEADER, which arrived at the port this week, with new volumes. A total of 1156 units which came from India will be transshipped to South Africa, Jordan, Sudan and Tanzania. “While NYK has transshipped vehicles from Hambantota…
The High Commission of Sri Lanka in Dhaka organized a virtual meeting with the participation of the Information Communication Technology Agency (ICTA) in Sri Lanka and the Bangladesh Association of Software and Information Services (BASIS) on 05 January to explore the opportunities of enhancing cooperation in the ICT sector and digital economy of both countries….
(Bloomberg) – Sri Lanka’s bondholders aren’t living up to their obligations and should cancel debt to allow the country to get out of its economic crisis, a group of international academics said in a letter. Private creditors own almost 40% of the country’s external debt, mostly in the form of International Sovereign Bonds, but higher interest…
Exclusive:182 experts say only debt cancellation offers chance of recovery but private investors are playing hardball The Guardian – Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s $51bn (£42bn) default last year,…
The third round of negotiations between Sri Lanka and Thailand on the proposed Free Trade Agreement (FTA) will be held on January 9 and 10th, 2023, in Colombo, with the participation of 26 official delegates from Thailand headed by Ms. Auramon Supthaweethum, Director General of the Department of Trade Negotiations, advancing the government’s agenda of…
The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic money markets. At the…
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