By Prof Samitha Hettige The Communist Party approved the report presented by President Xi Jinping at the 20th National Congress last week. It indicates the willingness, vision and the path CPC is planning to raise China to the next level under his leadership. Rise of China in the 21st century is the challenge of the…
Expolanka Holdings PLC delivered a resolute performance amidst a challenging operating environment for the quarter ending 30th September 2022 with a Revenue of Rs. 161.7Bn (YoY +7%), Gross Profit of Rs. 28.3Bn (YoY +25%) and Profit after tax of Rs.9.0Bn (YoY -25%). This resulted in the Company delivering a YTD Revenue of Rs. 396Bn (YoY…
Another crucial discussion of Sri Lanka’s creditors is scheduled to be held on November 3rd. Debt restructuring in Sri Lanka is on the agenda to be discussed at length during this discussion. Chief of Staff and Senior Advisor to the President on National Security Mr Sagala Ratnayake met with the outgoing IMF Resident Representative for…
A discussion on the acquisition of land for the construction of a new hospital under the ‘Wellness Village’ concept, adjacent to the Biyagama Hospital, was held Thursday (27) at the Presidential Secretariat under the patronage of Presidential Adviser on Climate Change, Mr. Ruwan Wijewardene. Based on the concept of President Ranil Wickremesinghe, the Wellness Village…
Committed to delivering unparalleled entertainment experiences through cutting-edge technology, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, unveiled its latest Dialog Television Broadcast Centre and Satellite Earth Station in Puttalam. As the country’s largest aggregator of entertainment, Dialog built the facility to ensure and deliver the highest level of reliable television services to its customers….
BBC – The world’s richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm. He tweeted “the bird is freed,” in an apparent reference to the deal closing. A number of top executives, including the boss, Parag Agrawal, have reportedly been fired. It…
Fitch Ratings: Slowing global demand for Asian exports has weakened the growth outlook for many APAC sovereigns. Fitch Ratings believes this could pressure fiscal accounts and delay fiscal consolidation. In Australia and New Zealand, falling housing prices add to growth challenges from monetary policy rate hikes. Some sovereigns have shown resilience to the weakening global…
The Gazette notification stipulating the laws and regulation pertaining to the Colombo Port City Development Project will be issued in a couple of days, said Investment Promotion State Minister Dilum Amunugma. He made these remarks during a site visit to the Port City today (27). Addressing the media, the State Minister said “Sri Lanka is…
Calling on Sri Lankan businesses to leverage the resumption of direct flights to Moscow to diversify the export basket, the Charge d’Affaires of the Embassy of the Russian Federation in Sri Lanka Mr. Alexey Budanov, said Sri Lankan businesses should focus on emerging opportunities for bilateral cooperation with Russia. Speaking on the occasion of the…
SriLankan Airlines won the prestigious Best Aviation Sustainability Program Award, beating 118 other submissions at the recently concluded Sheikh Mohammed Bin Rashid Al Maktoum (SMBR) Global Aviation Awards for its groundbreaking signature upcycle project, ‘Mathaka.’ Project Mathaka was SriLankan Airlines’ answer to minimizing its contribution to landfill waste and ecological footprint by repurposing the airline’s…
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