Embracing transformation for a better and brighter New Year The Sri Lanka Insurance inauguration of business operations, for the year 2023, took place on 2nd January, at the Sri Lanka Insurance Head Office. Participants included the Chairman, corporate management, and staff of SLIC. Even though the main event was reserved for a limited number of…
NEW DELHI, Jan 2 (Reuters) – India’s Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed due process. A five-judge bench of the country’s top court passed the verdict…
President invites all government employees during the commencement of duties for the new year President Ranil Wickremesinghe said that no one can shirk their responsibilities for the country in the year 2023, which is a crucial year for the Sri Lankan economy, and invited all public servants to dedicate themselves towards making Sri Lanka a…
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned. BBC – Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow. It comes as the war in Ukraine, rising prices, higher interest…
Continuing to spearhead technology firsts in the country and the region, Dialog Axiata PLC, launched ‘Futureverse’ – Sri Lanka’s first fully immersive, interactive and experiential Metaverse where people can shop for Dialog products and services, socialize, attend events, and play games in one persistent virtual world. Futureverse is an immersive and interactive virtual world where…
Hatch in collaboration with Draper Startup House is bringing the global TV Show “Meet the Drapers” to Sri Lanka. If you are working on the next big idea in Tech don’t miss this opportunity! Email your pitch decks to hello@meetthedrapers.com by January 18th 2023 This is a chance for local entrepreneurs to not only showcase…
By Prof. Samitha Hettige US Army hero John Rambo (JR) was a cinema sensation. One may call him a Yankee. He was trained by the US Army, served in Vietnam, destroyed everything which blocked his path and finally was evacuated by the US Army Bell helicopter in the movie. President Jayawardena also known as JR…
Reuters – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on state-owned investment vehicles by…
The Monetary Board of the Central Bank of Sri Lanka as a measure to strengthen the Non-Bank Financial Institutions Sector under the ‘Masterplan for Consolidation’ decided to direct Kanrich Finance Limited (KFL) to settle its public liabilities in full within the period from 26.12.2022 to 28.02.2023 in terms of Section 25(1)(m) of the Finance Business…
Reuters – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and currencies…
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