A meeting took place at the Presidential Secretariat yesterday (30) between President Ranil Wickremesinghe and representatives from the Bill and Melinda Gates Foundation. The primary focus of the discussion was the digitization of data in Sri Lanka’s agricultural sector. President Ranil Wickremesinghe emphasized the importance of continuing the government’s efforts to modernize the agricultural sector,…
President Ranil Wickremesinghe received a courtesy call by Sun Weidong, the Vice Minister of Foreign Affairs from the People’s Republic of China. The meeting took place at the Presidential Secretariat yesterday (30) and was attended by officials from both nations. During the discussions, Vice Minister Sun Weidong reiterated China’s steadfast support for Sri Lanka in…
Bloomberg – After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom. The rupee, which closed at 294.07 per dollar on Tuesday, is forecast to decline to 350 by the end of December, according to Standard Chartered…
Reuters – Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation. The island nation defaulted on its foreign debt for the first time in April last year, as the worst financial crisis since its independence from…
In the wake of Sri Lanka’s unprecedented socio-economic crisis in early 2022, the John Keells Group launched a multi-pronged Crisis Response Initiative through its Corporate Social Responsibility (CSR) entity, John Keells Foundation. Implemented in partnership with Group businesses across the Island, this initiative has made significant strides in supporting and empowering communities, aligning with the…
Q1 Revenue grows 49.7% to Rs 1.489 billion Pre-tax profit up 44.6% to Rs 417.2 million Major investments in replanting of rubber and tea to continue in 2023 Agalawatte Plantations PLC (APL) has reported impressive revenue and profit growth in the first quarter of 2023, consolidating on the remarkable turnaround achieved subsequent to the acquisition…
BEIJING, May 30 (Reuters) – A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Musk is expected to meet senior Chinese officials and visit Tesla’s Shanghai plant, sources have said, in what would be his first trip to China in three years. Tesla did not immediately respond to…
A new Managing Director was appointed to the Sri Lanka Ports Authority (SLPA) by the Minster of Ports, Shipping and Aviation Hon. Nimal Siripala de Silva Monday (29.05.2023). Accordingly, in a remarkable career progression, Mr. Prabath J. Malavige, a distinguished Senior Port Management and Logistics Professional, has been promoted to the esteemed position of Managing…
High-Level Technical Team of eight professionals from the Federal University of Viçosa, Federal University of Sao Carlos and the Brazilian Cooperation Agency (ABC) is scheduled to undertake a technical visit to Sri Lanka with a view to providing Brazilian Technical Assistance for the development and capacity building of the Dairy and Sugarcane industries in Sri…
Ayodhya Iddawela Perera will take over as the next Managing Director of Sampath Bank PLC effective from the 1st of July 2023. She will succeed the incumbent Managing Director, Nanda Fernando, who will conclude his term in office on the 30th of June 2023, leaving behind a legacy of commitment, excellence, and service to the…
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